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).
Hopson Development Holdings's net current asset value per share for the quarter that ended in Jun. 2025 was $-0.50.
The historical rank and industry rank for Hopson Development Holdings's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hopson Development Holdings was 144.73. The lowest was 2.38. And the median was 7.20.
HPDHF's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.17 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hopson Development Holdings (OTCPK:HPDHF) 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.
Hopson Development Holdings Net Current Asset Value Related Terms
Hopson Development Holdings 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.
Hopson Development Holdings Net Current Asset Value Chart
Hopson Development Holdings Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Hopson Development 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.
Hopson Development Holdings Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hopson Development Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hopson Development 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 $-0.50 mean?
Hopson Development Holdings (HPDHF) has a Net Current Asset Value of $-0.50 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 Hopson Development Holdings and its competitors. Over the past decade, Hopson Development Holdings' Net Current Asset Value has ranged from 2.38 to 144.73.
Is Hopson Development Holdings' Net Current Asset Value too high?
Hopson Development Holdings' current Net Current Asset Value is $-0.50. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 144.73. Overall, Hopson Development Holdings has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Hopson Development Holdings' Net Current Asset Value compare to competitors?
Hopson Development Holdings' Net Current Asset Value of $-0.50 can be compared against companies in the Real Estate industry. The industry median Net Current Asset Value is 2.17. Historically, Hopson Development Holdings' own Net Current Asset Value has ranged from 2.38 to 144.73 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.17, based on 759 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 Hopson Development Holdings and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hopson Development Holdings's current Net Current Asset Value is $-0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hopson Development Holdings stock overvalued right now?
Hopson Development Holdings (HPDHF) has a current Net Current Asset Value of $-0.50. The stock's GF Value™ is $0.51, compared to a current price of $0.33 — trading 35.3% below its estimated fair value. The current Net Current Asset Value is $-0.50. Hopson Development Holdings' overall GF Score™ is 77/100 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 Hopson Development Holdings (HPDHF), the current Net Current Asset Value is $-0.50 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 Hopson Development Holdings (HPDHF) Overvalued in 2026?
Based on GuruFocus' analysis, Hopson Development Holdings stock appears to be undervalued.
The current stock price of $0.33 is trading 35.3% below its estimated GF Value™ of $0.51.
Key valuation signals for HPDHF:
Net Current Asset Value: $-0.50
GF Value™: $0.51 vs. price of $0.33 (35.3% below fair value)
No single metric tells the full story. See the HPDHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hopson Development Holdings Ltd is engaged in the development of medium to high-end large-scale residential properties. The company has five operating segments, which include the Property development segment, Commercial segment, Property management segment, Investments segment, and Infrastructure segment. It generates maximum revenue from Property development, which engages in the development and sale of properties. Geographically, the company derives all of its revenue from China.
77GF Score
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