Kingboard HoldingsKBDCY 70 Net Current Asset Value is $1.89 as of Dec. 2025, which is 58% below its 10-year median of 4.45. GuruFocus rates KBDCY with a GF Score™ of 70/100 and a GF Value™ of $20.18 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 219 Conglomerates companies, Kingboard Holdings ranks worse than 90.87% 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).
Kingboard Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was $1.89.
The historical rank and industry rank for Kingboard Holdings's Net Current Asset Value or its related term are showing as below:
KBDCY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.44 Med: 4.45 Max: 34.4
Current: 34.38
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kingboard Holdings was 34.40. The lowest was 3.44. And the median was 4.45.
KBDCY's Price-to-Net-Current-Asset-Value is ranked worse than 90.87% of 219
companies
in the Conglomerates industry
Industry Median: 4.24
vs KBDCY: 34.38
Kingboard Holdings (OTCPK:KBDCY) 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.
Kingboard Holdings Net Current Asset Value Related Terms
Kingboard Holdings Net Current Asset Value Historical Data
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The historical data trend for Kingboard 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.
KBDCY vs HON, MMM: Net Current Asset Value Comparison
For the Conglomerates subindustry, Kingboard 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.
Kingboard Holdings Price-to-Net-Current-Asset-Value vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Kingboard Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kingboard 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 $1.89 mean?
Kingboard Holdings (KBDCY) has a Net Current Asset Value of $1.89 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 Kingboard Holdings and its competitors. This is 58% below median its historical median of 4.45. Over the past decade, Kingboard Holdings' Net Current Asset Value has ranged from 3.44 to 34.40. According to the industry distribution chart, Kingboard Holdings ranks #199 out of 219 companies in the Conglomerates industry, placing it in the top 90.9%.
Is Kingboard Holdings' Net Current Asset Value too high?
Kingboard Holdings' current Net Current Asset Value of $1.89 is 58% below median its 10-year median of 4.45. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 34.40. The Conglomerates industry median Net Current Asset Value is 4.24. Kingboard Holdings' value of $1.89 is 55.4% below this industry median. Based on the distribution chart, Kingboard Holdings ranks #199 out of 219 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Kingboard Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kingboard Holdings' Net Current Asset Value compare to HON and MMM?
According to the Conglomerates industry distribution chart, Kingboard Holdings ranks #199 out of 219 companies for Net Current Asset Value. This places Kingboard Holdings in the lower half of its industry. The industry median Net Current Asset Value is 4.24. Kingboard Holdings' value of $1.89 is 55.4% below this benchmark. Historically, Kingboard Holdings' own Net Current Asset Value has ranged from 3.44 to 34.40 over the past decade. While the company's 10-year median is 4.45 vs. the industry median of 4.24, Kingboard 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 a Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.24, based on 219 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. Kingboard Holdings's current Net Current Asset Value of $1.89 is 55.4% 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 Kingboard Holdings and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingboard Holdings's current Net Current Asset Value is $1.89, which is 58% below median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingboard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kingboard Holdings (KBDCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.18, compared to a current price of $80.45 — trading 298.7% above its estimated fair value. The current Net Current Asset Value is $1.89, which is 58% below median its 10-year median of 4.45 and 55.4% below the Conglomerates industry median of 4.24. Kingboard Holdings' overall GF Score™ is 70/100 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 Kingboard Holdings (KBDCY), the current Net Current Asset Value is $1.89 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 Kingboard Holdings (KBDCY) Overvalued in 2026?
Based on GuruFocus' analysis, Kingboard Holdings stock appears to be overvalued.
The current stock price of $80.45 is trading 298.7% above its estimated GF Value™ of $20.18.
GuruFocus considers Kingboard Holdings to be Significantly Overvalued.
Key valuation signals for KBDCY:
Net Current Asset Value: $1.89 (58% below median its 10-year median of 4.45)
GF Value™: $20.18 vs. price of $80.45 (298.7% above fair value)
Industry Position: 55.4% below the Conglomerates median (#199 of 219)
No single metric tells the full story. See the KBDCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: laminates, printed circuit boards, chemicals, properties, investments, and others, including service income, manufacture, and sale of magnetic products, and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards, and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, America, and Africa, out of which China accounts for the majority of the revenue.
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