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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).
Ocean Line Port Development's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.10.
The historical rank and industry rank for Ocean Line Port Development's Net Current Asset Value or its related term are showing as below:
HKSE:08502'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.1 Med: 3.59 Max: 5.58
Current: 5.58
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ocean Line Port Development was 5.58. The lowest was 3.10. And the median was 3.59.
HKSE:08502's Price-to-Net-Current-Asset-Value is ranked worse than 66.48% of 1068
companies
in the Construction industry
Industry Median: 3.305
vs HKSE:08502: 5.58
Ocean Line Port Development (HKSE:08502) 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.
Ocean Line Port Development Net Current Asset Value Related Terms
Ocean Line Port Development Net Current Asset Value Historical Data
* 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.
Ocean Line Port Development Net Current Asset Value Chart
Ocean Line Port Development Net Current Asset Value Competitor Comparison
For the Infrastructure Operations subindustry, Ocean Line Port Development'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.
Ocean Line Port Development Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Ocean Line Port Development's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ocean Line Port Development'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$0.10 mean?
Ocean Line Port Development (HKSE:08502) has a Net Current Asset Value of HK$0.10 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Ocean Line Port Development and its competitors. According to the industry distribution chart, Ocean Line Port Development ranks #710 out of 1068 companies in the Construction industry, placing it in the top 66.5%.
Is Ocean Line Port Development's Net Current Asset Value too high?
Ocean Line Port Development's current Net Current Asset Value is HK$0.10. Based on the distribution chart, Ocean Line Port Development ranks #710 out of 1068 companies in the Construction industry, which is below the industry midpoint. Overall, Ocean Line Port Development has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean Line Port Development's Net Current Asset Value compare to competitors?
According to the Construction industry distribution chart, Ocean Line Port Development ranks #710 out of 1068 companies for Net Current Asset Value. This places Ocean Line Port Development in the lower half of its industry. The industry median Net Current Asset Value is 3.31. 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.31, based on 1,068 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 Ocean Line Port Development and its competitors. For the Construction industry, the median Net Current Asset Value is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Line Port Development's current Net Current Asset Value is HK$0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Line Port Development stock overvalued right now?
Based on GuruFocus' analysis, Ocean Line Port Development (HKSE:08502) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.34 — trading 24.1% above its estimated fair value. The current Net Current Asset Value is HK$0.10. Ocean Line Port Development's overall GF Score™ is 57/100 with 8 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 Ocean Line Port Development (HKSE:08502), the current Net Current Asset Value is HK$0.10 as of Dec. 2025. 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 Ocean Line Port Development (HKSE:08502) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Line Port Development stock appears to be overvalued.
The current stock price of HK$0.34 is trading 24.1% above its estimated GF Value™ of HK$0.27.
GuruFocus considers Ocean Line Port Development to be Modestly Overvalued.
Key valuation signals for HKSE:08502:
Net Current Asset Value: HK$0.10
GF Value™: HK$0.27 vs. price of HK$0.34 (24.1% above fair value)
No single metric tells the full story. See the HKSE:08502 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Line Port Development Ltd is an inland terminal operator in the PRC and is engaged in the provision of port logistic services including uploading and unloading of cargoes, bulk cargo handling services, container handling, storage and other services. The group operates two port terminals, namely, Jiangkou Terminal and Niutoushan Terminal, both situated in Chizhou City, Anhui Province, the PRC. It derives revenue from provision of uploading and unloading handling services, bulk cargo and break bulk cargo, containers, and provision of ancillary port services. The company provides loading and unloading services for both domestic and international trade, covering a wide range of cargo types, bulk cargo (such as limestone, dolomite, and calcite).
57GF Score
Get the complete analysis for HKSE:08502
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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