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Top StandardHKSE:08510 37 Net Current Asset Value is HK$-0.05 as of Dec. 2025. GuruFocus rates HKSE:08510 with a GF Score™ of 37/100 and a GF Value™ of HK$0.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 73 Restaurants companies, Top Standard ranks worse than 1369861.64% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Top Standard's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.05.
The historical rank and industry rank for Top Standard's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Top Standard was 8.61. The lowest was 8.61. And the median was 8.61.
HKSE:08510's Price-to-Net-Current-Asset-Value is not ranked *
in the Restaurants industry.
Industry Median: 11.19 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Top Standard (HKSE:08510) 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.
Top Standard Net Current Asset Value Related Terms
Top Standard Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Top Standard'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.
HKSE:08510 vs MCD, SBUX, CMG: Net Current Asset Value Comparison
For the Restaurants subindustry, Top Standard'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.
Top Standard Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Top Standard's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Top Standard'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$-0.05 mean?
Top Standard (HKSE:08510) has a Net Current Asset Value of HK$-0.05 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 Top Standard and its competitors. According to the industry distribution chart, Top Standard ranks #999999 out of 73 companies in the Restaurants industry.
Is Top Standard's Net Current Asset Value too high?
Top Standard's current Net Current Asset Value is HK$-0.05. Based on the distribution chart, Top Standard ranks #999999 out of 73 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Top Standard has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Top Standard's Net Current Asset Value compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Top Standard ranks #999999 out of 73 companies for Net Current Asset Value. This places Top Standard in the lower half of its industry. The industry median Net Current Asset Value is 11.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Restaurants company?
The median Net Current Asset Value among Restaurants companies is 11.19, based on 73 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Top Standard and its competitors. For the Restaurants industry, the median Net Current Asset Value is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Standard's current Net Current Asset Value is HK$-0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Standard stock overvalued right now?
Based on GuruFocus' analysis, Top Standard (HKSE:08510) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.18 — trading 3.5% above its estimated fair value. The current Net Current Asset Value is HK$-0.05. Top Standard's overall GF Score™ is 37/100 with 6 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 Top Standard (HKSE:08510), the current Net Current Asset Value is HK$-0.05 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 Top Standard (HKSE:08510) Overvalued in 2026?
Based on GuruFocus' analysis, Top Standard stock appears to be overvalued.
The current stock price of HK$0.18 is trading 3.5% above its estimated GF Value™ of HK$0.17.
GuruFocus considers Top Standard to be Fairly Valued.
Key valuation signals for HKSE:08510:
Net Current Asset Value: HK$-0.05
GF Value™: HK$0.17 vs. price of HK$0.18 (3.5% above fair value)
No single metric tells the full story. See the HKSE:08510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Standard Corp is an investment holding company. Along with its subsidiaries, it is engaged in operating restaurants and bars in Hong Kong and Southeast Asia, and online sales of wines. The group has two operating and reportable segments: catering service and online sales of wines. The majority of its revenue comes from food catering services, which include food and beverages served. Geographically, the group generates maximum revenue from Malaysia, and also has a presence in Hong Kong and Singapore.
37GF Score
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