Multi Ways HoldingsMWG 48 Net Current Asset Value is $3.45 as of Dec. 2025, which is 466% above its 10-year median of 0.61. GuruFocus rates MWG with a GF Score™ of 48/100 and a GF Value™ of $3.18 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 625 Business Services companies, Multi Ways Holdings ranks better than 98.08% 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).
Multi Ways Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was $3.45.
The historical rank and industry rank for Multi Ways Holdings's Net Current Asset Value or its related term are showing as below:
MWG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.39 Med: 0.61 Max: 0.77
Current: 0.39
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Multi Ways Holdings was 0.77. The lowest was 0.39. And the median was 0.61.
MWG's Price-to-Net-Current-Asset-Value is ranked better than 98.08% of 625
companies
in the Business Services industry
Industry Median: 3.74
vs MWG: 0.39
Multi Ways Holdings (AMEX:MWG) 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.
Multi Ways Holdings Net Current Asset Value Related Terms
Multi Ways Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Multi Ways 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.
MWG vs AIHS, AITX, BDST: Net Current Asset Value Comparison
For the Rental & Leasing Services subindustry, Multi Ways 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.
Multi Ways Holdings Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Multi Ways Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Multi Ways 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 $3.45 mean?
Multi Ways Holdings (MWG) has a Net Current Asset Value of $3.45 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 Multi Ways Holdings and its competitors. This is 466% above median its historical median of 0.61. Over the past decade, Multi Ways Holdings' Net Current Asset Value has ranged from 0.39 to 0.77. According to the industry distribution chart, Multi Ways Holdings ranks #12 out of 625 companies in the Business Services industry, placing it in the top 1.9%.
Is Multi Ways Holdings' Net Current Asset Value too high?
Multi Ways Holdings' current Net Current Asset Value of $3.45 is 466% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.77. The Business Services industry median Net Current Asset Value is 3.74. Multi Ways Holdings' value of $3.45 is 7.8% below this industry median. Based on the distribution chart, Multi Ways Holdings ranks #12 out of 625 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Multi Ways Holdings has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Multi Ways Holdings' Net Current Asset Value compare to AIHS and AITX?
According to the Business Services industry distribution chart, Multi Ways Holdings ranks #12 out of 625 companies for Net Current Asset Value. This places Multi Ways Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.74. Multi Ways Holdings' value of $3.45 is 7.8% below this benchmark. Historically, Multi Ways Holdings' own Net Current Asset Value has ranged from 0.39 to 0.77 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 3.74, Multi Ways 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.74, based on 625 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. Multi Ways Holdings's current Net Current Asset Value of $3.45 is 7.8% 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 Multi Ways Holdings and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multi Ways Holdings's current Net Current Asset Value is $3.45, which is 466% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multi Ways Holdings stock overvalued right now?
Based on GuruFocus' analysis, Multi Ways Holdings (MWG) is currently considered Possible Value Trap. The stock's GF Value™ is $3.18, compared to a current price of $1.35 — trading 57.5% below its estimated fair value. The current Net Current Asset Value is $3.45, which is 466% above median its 10-year median of 0.61 and 7.8% below the Business Services industry median of 3.74. Multi Ways Holdings' overall GF Score™ is 48/100 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 Multi Ways Holdings (MWG), the current Net Current Asset Value is $3.45 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 Multi Ways Holdings (MWG) Overvalued in 2026?
Based on GuruFocus' analysis, Multi Ways Holdings stock appears to be undervalued.
The current stock price of $1.35 is trading 57.5% below its estimated GF Value™ of $3.18.
GuruFocus considers Multi Ways Holdings to be Possible Value Trap.
Key valuation signals for MWG:
Net Current Asset Value: $3.45 (466% above median its 10-year median of 0.61)
GF Value™: $3.18 vs. price of $1.35 (57.5% below fair value)
Industry Position: 7.8% below the Business Services median (#12 of 625)
No single metric tells the full story. See the MWG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multi Ways Holdings Ltd is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. The wide variety of new and used heavy construction equipment for sale and rental by customers range from: earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators; and generators and compressors, such as air compressors, generators, lighting towers and welding machines.
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