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Phoenix Asia HoldingsPHOE +25.36%24 Net Current Asset Value is $0.33 as of Sep. 2025, which is 99% below its 10-year median of 26.97. GuruFocus rates PHOE with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,061 Construction companies, Phoenix Asia Holdings ranks worse than 97.08% 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).
Phoenix Asia Holdings's net current asset value per share for the quarter that ended in Sep. 2025 was $0.33.
The historical rank and industry rank for Phoenix Asia Holdings's Net Current Asset Value or its related term are showing as below:
PHOE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 26.97 Med: 26.97 Max: 76.73
Current: 76.73
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Phoenix Asia Holdings was 76.73. The lowest was 26.97. And the median was 26.97.
PHOE's Price-to-Net-Current-Asset-Value is ranked worse than 97.08% of 1061
companies
in the Construction industry
Industry Median: 3.19
vs PHOE: 76.73
Phoenix Asia Holdings (NAS:PHOE) 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.
Phoenix Asia Holdings Net Current Asset Value Related Terms
Phoenix Asia Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Phoenix Asia 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.
Phoenix Asia Holdings Net Current Asset Value Chart
PHOE vs ESOA, MTRX, MCDIF: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Phoenix Asia 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.
Phoenix Asia Holdings Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Phoenix Asia Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Phoenix Asia 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 $0.33 mean?
Phoenix Asia Holdings (PHOE) has a Net Current Asset Value of $0.33 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Phoenix Asia Holdings and its competitors. This is 99% below median its historical median of 26.97. Over the past decade, Phoenix Asia Holdings' Net Current Asset Value has ranged from 26.97 to 76.73. According to the industry distribution chart, Phoenix Asia Holdings ranks #1030 out of 1061 companies in the Construction industry, placing it in the top 97.1%.
Is Phoenix Asia Holdings' Net Current Asset Value too high?
Phoenix Asia Holdings' current Net Current Asset Value of $0.33 is 99% below median its 10-year median of 26.97. Over the past 10 years, this metric has ranged from a low of 26.97 to a high of 76.73. The Construction industry median Net Current Asset Value is 3.19. Phoenix Asia Holdings' value of $0.33 is 89.7% below this industry median. Based on the distribution chart, Phoenix Asia Holdings ranks #1030 out of 1061 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Phoenix Asia Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Asia Holdings' Net Current Asset Value compare to ESOA and MTRX?
According to the Construction industry distribution chart, Phoenix Asia Holdings ranks #1030 out of 1061 companies for Net Current Asset Value. This places Phoenix Asia Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.19. Phoenix Asia Holdings' value of $0.33 is 89.7% below this benchmark. Historically, Phoenix Asia Holdings' own Net Current Asset Value has ranged from 26.97 to 76.73 over the past decade. While the company's 10-year median is 26.97 vs. the industry median of 3.19, Phoenix Asia 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,061 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. Phoenix Asia Holdings's current Net Current Asset Value of $0.33 is 89.7% 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 Phoenix Asia Holdings and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Asia Holdings's current Net Current Asset Value is $0.33, which is 99% below median its own 10-year median of 26.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Asia Holdings stock overvalued right now?
Phoenix Asia Holdings (PHOE) has a current Net Current Asset Value of $0.33. The current Net Current Asset Value is $0.33, which is 99% below median its 10-year median of 26.97 and 89.7% below the Construction industry median of 3.19. Phoenix Asia Holdings' overall GF Score™ is 24/100 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 Phoenix Asia Holdings (PHOE), the current Net Current Asset Value is $0.33 as of Sep. 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.
Phoenix Asia Holdings Ltd operates its business through its indirectly wholly-owned Operating Subsidiary, It is engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, the company also provides other construction services such as structural steelworks.
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