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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).
Dashan Education Holdings's net current asset value per share for the quarter that ended in Jun. 2025 was HK$-0.05.
The historical rank and industry rank for Dashan Education Holdings's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Dashan Education Holdings was 76.00. The lowest was 1.68. And the median was 29.20.
HKSE:09986's Price-to-Net-Current-Asset-Value is not ranked *
in the Education industry.
Industry Median: 4.66 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Dashan Education Holdings (HKSE:09986) 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.
Dashan Education Holdings Net Current Asset Value Related Terms
Dashan Education Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Dashan Education 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.
Dashan Education Holdings Net Current Asset Value Chart
HKSE:09986 vs EDU, TAL, GHC: Net Current Asset Value Comparison
For the Education & Training Services subindustry, Dashan Education 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.
Dashan Education Holdings Price-to-Net-Current-Asset-Value vs Education Industry
For the Education industry and Consumer Defensive sector, Dashan Education Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dashan Education 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$-0.05 mean?
Dashan Education Holdings (HKSE:09986) has a Net Current Asset Value of HK$-0.05 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Dashan Education Holdings and its competitors. Over the past decade, Dashan Education Holdings' Net Current Asset Value has ranged from 1.68 to 76.00.
Is Dashan Education Holdings' Net Current Asset Value too high?
Dashan Education Holdings' current Net Current Asset Value is HK$-0.05. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 76.00. Overall, Dashan Education Holdings has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Dashan Education Holdings' Net Current Asset Value compare to EDU and TAL?
Dashan Education Holdings' Net Current Asset Value of HK$-0.05 can be compared against companies in the Education industry. The industry median Net Current Asset Value is 4.66. Historically, Dashan Education Holdings' own Net Current Asset Value has ranged from 1.68 to 76.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Education company?
The median Net Current Asset Value among Education companies is 4.66, based on 119 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Dashan Education Holdings and its competitors. For the Education industry, the median Net Current Asset Value is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dashan Education Holdings's current Net Current Asset Value is HK$-0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dashan Education Holdings stock overvalued right now?
Dashan Education Holdings (HKSE:09986) has a current Net Current Asset Value of HK$-0.05. The stock's GF Value™ is HK$4.83, compared to a current price of HK$1.88 — trading 61.1% below its estimated fair value. The current Net Current Asset Value is HK$-0.05. Dashan Education 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 Dashan Education Holdings (HKSE:09986), the current Net Current Asset Value is HK$-0.05 as of Jun. 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 Dashan Education Holdings (HKSE:09986) Overvalued in 2026?
Based on GuruFocus' analysis, Dashan Education Holdings stock appears to be undervalued.
The current stock price of HK$1.88 is trading 61.1% below its estimated GF Value™ of HK$4.83.
Key valuation signals for HKSE:09986:
Net Current Asset Value: HK$-0.05
GF Value™: HK$4.83 vs. price of HK$1.88 (61.1% below fair value)
No single metric tells the full story. See the HKSE:09986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dashan Education Holdings Ltd is principally engaged in (i) the provision of extracurricular programmes for personal attainment and overseas education consultation services; and (ii) the provision of diversified consultancy services for entities. The Group's operating and reportable segments are the extracurricular programs segment, the brand operation and management segment, the overseas education segment, the training and consultancy segment, and the Others segment. The majority of its revenue is generated from the overseas education segment. All of the Group's revenue are derived from the PRC.
55GF Score
Get the complete analysis for HKSE:09986
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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