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Song Ba Ha Hydro Power JSCHSTC:SBH 65 Net Current Asset Value is ₫11,917.40 as of Jun. 2026. GuruFocus rates HSTC:SBH with a GF Score™ of 65/100 and a GF Value™ of ₫59,141.68 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 102 Utilities - Independent Power Producers companies, Song Ba Ha Hydro Power JSC ranks better than 62.75% 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).
Song Ba Ha Hydro Power JSC's net current asset value per share for the quarter that ended in Jun. 2026 was ₫11,917.40.
The historical rank and industry rank for Song Ba Ha Hydro Power JSC's Net Current Asset Value or its related term are showing as below:
HSTC:SBH'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.23 Med: 4.99 Max: 6.54
Current: 3.23
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Song Ba Ha Hydro Power JSC was 6.54. The lowest was 3.23. And the median was 4.99.
HSTC:SBH's Price-to-Net-Current-Asset-Value is ranked better than 62.75% of 102
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.485
vs HSTC:SBH: 3.23
Song Ba Ha Hydro Power JSC (HSTC:SBH) 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.
Song Ba Ha Hydro Power JSC Net Current Asset Value Related Terms
Song Ba Ha Hydro Power JSC 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.
Song Ba Ha Hydro Power JSC Net Current Asset Value Chart
Song Ba Ha Hydro Power JSC Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Song Ba Ha Hydro Power JSC'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.
Song Ba Ha Hydro Power JSC Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Song Ba Ha Hydro Power JSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Song Ba Ha Hydro Power JSC'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 ₫11,917.40 mean?
Song Ba Ha Hydro Power JSC (HSTC:SBH) has a Net Current Asset Value of ₫11,917.40 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Song Ba Ha Hydro Power JSC and its competitors. According to the industry distribution chart, Song Ba Ha Hydro Power JSC ranks #38 out of 102 companies in the Utilities - Independent Power Producers industry, placing it in the top 37.3%.
Is Song Ba Ha Hydro Power JSC's Net Current Asset Value too high?
Song Ba Ha Hydro Power JSC's current Net Current Asset Value is ₫11,917.40. Based on the distribution chart, Song Ba Ha Hydro Power JSC ranks #38 out of 102 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Song Ba Ha Hydro Power JSC has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Song Ba Ha Hydro Power JSC's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Song Ba Ha Hydro Power JSC ranks #38 out of 102 companies for Net Current Asset Value. This puts Song Ba Ha Hydro Power JSC in the upper half of its industry. The industry median Net Current Asset Value is 4.49. 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.49, based on 102 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 Song Ba Ha Hydro Power JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Ba Ha Hydro Power JSC's current Net Current Asset Value is ₫11,917.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Ba Ha Hydro Power JSC stock overvalued right now?
Based on GuruFocus' analysis, Song Ba Ha Hydro Power JSC (HSTC:SBH) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫59,141.68, compared to a current price of ₫38,500.00 — trading 34.9% below its estimated fair value. The current Net Current Asset Value is ₫11,917.40. Song Ba Ha Hydro Power JSC's overall GF Score™ is 65/100 with 1 warning sign 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 Song Ba Ha Hydro Power JSC (HSTC:SBH), the current Net Current Asset Value is ₫11,917.40 as of Jun. 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 Song Ba Ha Hydro Power JSC (HSTC:SBH) Overvalued in 2026?
Based on GuruFocus' analysis, Song Ba Ha Hydro Power JSC stock appears to be undervalued.
The current stock price of ₫38,500.00 is trading 34.9% below its estimated GF Value™ of ₫59,141.68.
GuruFocus considers Song Ba Ha Hydro Power JSC to be Significantly Undervalued.
Key valuation signals for HSTC:SBH:
Net Current Asset Value: ₫11,917.40
GF Value™: ₫59,141.68 vs. price of ₫38,500.00 (34.9% below fair value)
No single metric tells the full story. See the HSTC:SBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Song Ba Ha Hydro Power JSC is a Vietnam-based company mainly focused on electricity production and trading. It operates the Song Ba Ha Hydropower Plant with a design capacity of 220 MW and an average annual electricity output of approximately 601.7 million kWh, located on the Ba River, within the administrative boundaries of Song Hinh district (Phu Yen province) and Krong Ba district (Gia Lai province). Additionally, the company focuses on investment and management of power generation projects, and provides services for the operation, repair, and maintenance of power infrastructure.
65GF Score
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