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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).
Ying Hai Group Holdings Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.00.
The historical rank and industry rank for Ying Hai Group Holdings Co's Net Current Asset Value or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ying Hai Group Holdings Co was 9.50. The lowest was 2.72. And the median was 5.29.
HKSE:08668's Price-to-Net-Current-Asset-Value is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.155 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Ying Hai Group Holdings Co (HKSE:08668) 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.
Ying Hai Group Holdings Co Net Current Asset Value Related Terms
Ying Hai Group Holdings Co 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.
Ying Hai Group Holdings Co Net Current Asset Value Chart
HKSE:08668 vs BKNG, ABNB, RCL: Net Current Asset Value Comparison
For the Travel Services subindustry, Ying Hai Group Holdings Co'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.
Ying Hai Group Holdings Co Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Ying Hai Group Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ying Hai Group Holdings Co'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$0.00 mean?
Ying Hai Group Holdings Co (HKSE:08668) has a Net Current Asset Value of HK$0.00 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 Ying Hai Group Holdings Co and its competitors. Over the past decade, Ying Hai Group Holdings Co's Net Current Asset Value has ranged from 2.72 to 9.50. According to the industry distribution chart, Ying Hai Group Holdings Co ranks #999999 out of 316 companies in the Travel & Leisure industry.
Is Ying Hai Group Holdings Co's Net Current Asset Value too high?
Ying Hai Group Holdings Co's current Net Current Asset Value is HK$0.00. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 9.50. Based on the distribution chart, Ying Hai Group Holdings Co ranks #999999 out of 316 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Ying Hai Group Holdings Co has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ying Hai Group Holdings Co's Net Current Asset Value compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Ying Hai Group Holdings Co ranks #999999 out of 316 companies for Net Current Asset Value. This places Ying Hai Group Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.16. Historically, Ying Hai Group Holdings Co's own Net Current Asset Value has ranged from 2.72 to 9.50 over the past decade. 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.16, based on 316 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 Ying Hai Group Holdings Co and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ying Hai Group Holdings Co's current Net Current Asset Value is HK$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ying Hai Group Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ying Hai Group Holdings Co (HKSE:08668) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.13, compared to a current price of HK$0.13 — trading 3.8% below its estimated fair value. The current Net Current Asset Value is HK$0.00. Ying Hai Group Holdings Co's overall GF Score™ is 49/100 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 Ying Hai Group Holdings Co (HKSE:08668), the current Net Current Asset Value is HK$0.00 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 Ying Hai Group Holdings Co (HKSE:08668) Overvalued in 2026?
Based on GuruFocus' analysis, Ying Hai Group Holdings Co stock appears to be undervalued.
The current stock price of HK$0.13 is trading 3.8% below its estimated GF Value™ of HK$0.13.
GuruFocus considers Ying Hai Group Holdings Co to be Fairly Valued.
Key valuation signals for HKSE:08668:
Net Current Asset Value: HK$0.00
GF Value™: HK$0.13 vs. price of HK$0.13 (3.8% below fair value)
No single metric tells the full story. See the HKSE:08668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ying Hai Group Holdings Co Ltd is an investment holding company. It is principally engaged in the travel business consisting of sales and distribution of hotel rooms and margin income from sales, distribution and provision of air tickets, hotel rooms and ancillary travel-related products in Macau, the vehicle business represents the provision of vehicle leasing and limousine services, the show and event business represents the sales of show and event tickets, organising the shows and events and related ancillary services in Asia and investment in events. It has three segments Travel business; Vehicle business; Show and event business. The company generates majority of revenue from Travel business. It has presence in Hong Kong, Macau, others of which majority of customers are from Macau.
49GF Score
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