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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Expert Systems Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was HK$0.04.
The historical rank and industry rank for Expert Systems Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:08319'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.63 Med: 1.94 Max: 5.75
Current: 2.68
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Expert Systems Holdings was 5.75. The lowest was 0.63. And the median was 1.94.
HKSE:08319's Price-to-Net-Current-Asset-Value is ranked better than 73.79% of 1759
companies
in the Software industry
Industry Median: 5.05
vs HKSE:08319: 2.68
Expert Systems Holdings (HKSE:08319) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Expert Systems Holdings Net Current Asset Value Related Terms
Expert Systems Holdings Net Current Asset Value Historical Data
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The historical data trend for Expert Systems Holdings's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Expert Systems Holdings Net Current Asset Value Chart
HKSE:08319 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Expert Systems Holdings's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Expert Systems Holdings Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Expert Systems Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Expert Systems Holdings's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of HK$0.04 mean?
Expert Systems Holdings (HKSE:08319) has a Net Current Asset Value of HK$0.04 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Expert Systems Holdings and its competitors. According to the industry distribution chart, Expert Systems Holdings ranks #461 out of 1759 companies in the Software industry, placing it in the top 26.2%.
Is Expert Systems Holdings' Net Current Asset Value too high?
Expert Systems Holdings' current Net Current Asset Value is HK$0.04. Based on the distribution chart, Expert Systems Holdings ranks #461 out of 1759 companies in the Software industry, which is above the industry midpoint. Overall, Expert Systems Holdings has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Expert Systems Holdings' Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Expert Systems Holdings ranks #461 out of 1759 companies for Net Current Asset Value. This puts Expert Systems Holdings in the upper half of its industry. The industry median Net Current Asset Value is 5.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Software company?
The median Net Current Asset Value among Software companies is 5.05, based on 1,759 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Expert Systems Holdings and its competitors. For the Software industry, the median Net Current Asset Value is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expert Systems Holdings's current Net Current Asset Value is HK$0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expert Systems Holdings stock overvalued right now?
Based on GuruFocus' analysis, Expert Systems Holdings (HKSE:08319) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.11 — trading 46.5% below its estimated fair value. The current Net Current Asset Value is HK$0.04. Expert Systems Holdings' overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Expert Systems Holdings (HKSE:08319), the current Net Current Asset Value is HK$0.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Expert Systems Holdings (HKSE:08319) Overvalued in 2026?
Based on GuruFocus' analysis, Expert Systems Holdings stock appears to be undervalued.
The current stock price of HK$0.11 is trading 46.5% below its estimated GF Value™ of HK$0.20.
GuruFocus considers Expert Systems Holdings to be Significantly Undervalued.
Key valuation signals for HKSE:08319:
Net Current Asset Value: HK$0.04
GF Value™: HK$0.20 vs. price of HK$0.11 (46.5% below fair value)
No single metric tells the full story. See the HKSE:08319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Expert Systems Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of IT infrastructure solutions .The operating segments of the Company are the provision of IT infrastructure solutions, the provision of IT infrastructure management services and the provision of AI business. Its products and solutions comprise server and storage consolidation, backup and restore, desktop management, networking, infrastructure and management, and information security. The company serves a diverse range of markets including banking, finance, insurance, telecommunications, media, Hotel and government sector. Geographically, Hong Kong contributes to the vast majority of total revenue.
55GF Score
Get the complete analysis for HKSE:08319
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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