Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
HKSE:09900'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.86 Med: 3.13 Max: 55.9
Current: 55.9
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hong Kong Zcloud Technology Construction was 55.90. The lowest was 0.86. And the median was 3.13.
HKSE:09900's Price-to-Net-Current-Asset-Value is ranked worse than 96.44% of 1068
companies
in the Construction industry
Industry Median: 3.34
vs HKSE:09900: 55.90
Hong Kong Zcloud Technology Construction (HKSE:09900) 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.
Hong Kong Zcloud Technology Construction Net Current Asset Value Related Terms
Hong Kong Zcloud Technology Construction 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.
Hong Kong Zcloud Technology Construction Net Current Asset Value Chart
Hong Kong Zcloud Technology Construction Annual Data
HKSE:09900 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Hong Kong Zcloud Technology Construction'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.
Hong Kong Zcloud Technology Construction Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Hong Kong Zcloud Technology Construction's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hong Kong Zcloud Technology Construction'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?
Hong Kong Zcloud Technology Construction (HKSE:09900) has a Net Current Asset Value of HK$0.10 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 Hong Kong Zcloud Technology Construction and its competitors. According to the industry distribution chart, Hong Kong Zcloud Technology Construction ranks #1030 out of 1068 companies in the Construction industry, placing it in the top 96.4%.
Is Hong Kong Zcloud Technology Construction's Net Current Asset Value too high?
Hong Kong Zcloud Technology Construction's current Net Current Asset Value is HK$0.10. Based on the distribution chart, Hong Kong Zcloud Technology Construction ranks #1030 out of 1068 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Hong Kong Zcloud Technology Construction has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Zcloud Technology Construction's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Hong Kong Zcloud Technology Construction ranks #1030 out of 1068 companies for Net Current Asset Value. This places Hong Kong Zcloud Technology Construction in the lower half of its industry. The industry median Net Current Asset Value is 3.34. 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 3.34, 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 Hong Kong Zcloud Technology Construction and its competitors. For the Construction industry, the median Net Current Asset Value is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Zcloud Technology Construction'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 Hong Kong Zcloud Technology Construction stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Zcloud Technology Construction (HKSE:09900) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$5.53 — trading 3150% above its estimated fair value. The current Net Current Asset Value is HK$0.10. Hong Kong Zcloud Technology Construction's overall GF Score™ is 60/100 with 4 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 Hong Kong Zcloud Technology Construction (HKSE:09900), the current Net Current Asset Value is HK$0.10 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 Hong Kong Zcloud Technology Construction (HKSE:09900) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Zcloud Technology Construction stock appears to be overvalued.
The current stock price of HK$5.53 is trading 3150% above its estimated GF Value™ of HK$0.17.
GuruFocus considers Hong Kong Zcloud Technology Construction to be Significantly Overvalued.
Key valuation signals for HKSE:09900:
Net Current Asset Value: HK$0.10
GF Value™: HK$0.17 vs. price of HK$5.53 (3150% above fair value)
No single metric tells the full story. See the HKSE:09900 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Zcloud Technology Construction Ltd formerly Gain Plus Holdings Ltd is a construction contractor company. The company provides building construction services and repair, maintenance, addition, and alteration services (RMAA). The services undertaken by main contractors and subcontractors include site investigation, demolition, structural alternation, and additional work. In addition, its RMAA services of the company comprise general upkeep, restoration, and renovation of existing facilities and components of buildings and surroundings, and services consisting of civil works for new buildings such as lift towers, soccer fields, and walkways. The company earns the majority of its revenue from the provision of RMAA Services.
60GF Score
Get the complete analysis for HKSE:09900
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:09900 has been successfully added to your 
