JE Cleantech HoldingsJCSE -3.39%63 Net Current Asset Value is $2.09 as of Dec. 2025, which is 107% above its 10-year median of 1.01. GuruFocus rates JCSE with a GF Score™ of 63/100 and a GF Value™ of $1.32 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,217 Industrial Products companies, JE Cleantech Holdings ranks better than 96.98% 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).
JE Cleantech Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was $2.09.
The historical rank and industry rank for JE Cleantech Holdings's Net Current Asset Value or its related term are showing as below:
JCSE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.5 Med: 1.01 Max: 2.08
Current: 0.67
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of JE Cleantech Holdings was 2.08. The lowest was 0.50. And the median was 1.01.
JCSE's Price-to-Net-Current-Asset-Value is ranked better than 96.98% of 2217
companies
in the Industrial Products industry
Industry Median: 5.5
vs JCSE: 0.67
JE Cleantech Holdings (NAS:JCSE) 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.
JE Cleantech Holdings Net Current Asset Value Related Terms
JE Cleantech Holdings Net Current Asset Value Historical Data
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The historical data trend for JE Cleantech 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.
JE Cleantech Holdings Net Current Asset Value Chart
JCSE vs CVAT, CEIN, CETY: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, JE Cleantech 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.
JE Cleantech Holdings Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JE Cleantech Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where JE Cleantech 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 $2.09 mean?
JE Cleantech Holdings (JCSE) has a Net Current Asset Value of $2.09 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 JE Cleantech Holdings and its competitors. This is 107% above median its historical median of 1.01. Over the past decade, JE Cleantech Holdings' Net Current Asset Value has ranged from 0.50 to 2.08. According to the industry distribution chart, JE Cleantech Holdings ranks #67 out of 2217 companies in the Industrial Products industry, placing it in the top 3%.
Is JE Cleantech Holdings' Net Current Asset Value too high?
JE Cleantech Holdings' current Net Current Asset Value of $2.09 is 107% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.08. The Industrial Products industry median Net Current Asset Value is 5.50. JE Cleantech Holdings' value of $2.09 is 62% below this industry median. Based on the distribution chart, JE Cleantech Holdings ranks #67 out of 2217 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, JE Cleantech Holdings has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JE Cleantech Holdings' Net Current Asset Value compare to CVAT and CEIN?
According to the Industrial Products industry distribution chart, JE Cleantech Holdings ranks #67 out of 2217 companies for Net Current Asset Value. This places JE Cleantech Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.50. JE Cleantech Holdings' value of $2.09 is 62% below this benchmark. Historically, JE Cleantech Holdings' own Net Current Asset Value has ranged from 0.50 to 2.08 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 5.50, JE Cleantech Holdings has consistently been below the industry average. 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.50, based on 2,217 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. JE Cleantech Holdings's current Net Current Asset Value of $2.09 is 62% below the industry median. 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 JE Cleantech Holdings and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JE Cleantech Holdings's current Net Current Asset Value is $2.09, which is 107% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JE Cleantech Holdings stock overvalued right now?
Based on GuruFocus' analysis, JE Cleantech Holdings (JCSE) is currently considered Fairly Valued. The stock's GF Value™ is $1.32, compared to a current price of $1.40 — trading 6.1% above its estimated fair value. The current Net Current Asset Value is $2.09, which is 107% above median its 10-year median of 1.01 and 62% below the Industrial Products industry median of 5.50. JE Cleantech Holdings' overall GF Score™ is 63/100 with 3 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 JE Cleantech Holdings (JCSE), the current Net Current Asset Value is $2.09 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 JE Cleantech Holdings (JCSE) Overvalued in 2026?
Based on GuruFocus' analysis, JE Cleantech Holdings stock appears to be overvalued.
The current stock price of $1.40 is trading 6.1% above its estimated GF Value™ of $1.32.
GuruFocus considers JE Cleantech Holdings to be Fairly Valued.
Key valuation signals for JCSE:
Net Current Asset Value: $2.09 (107% above median its 10-year median of 1.01)
GF Value™: $1.32 vs. price of $1.40 (6.1% above fair value)
Industry Position: 62% below the Industrial Products median (#67 of 2217)
No single metric tells the full story. See the JCSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. The company has two operating segments namely sale of cleaning systems and other equipment and provision of centralized dishware washing and general cleaning services. Geographically, the company derives a majority of its revenue from Singapore.
63GF Score
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