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Powell MaxPMAX 13 Net Current Asset Value is $5.07 as of Dec. 2025, which is 71% below its 10-year median of 17.56. GuruFocus rates PMAX with a GF Score™ of 13/100. The stock has 7 warning signs investors should review. Among 499 Capital Markets companies, Powell Max ranks better than 96.19% 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).
Powell Max's net current asset value per share for the quarter that ended in Dec. 2025 was $5.07.
The historical rank and industry rank for Powell Max's Net Current Asset Value or its related term are showing as below:
PMAX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.31 Med: 17.56 Max: 31.55
Current: 0.32
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Powell Max was 31.55. The lowest was 0.31. And the median was 17.56.
PMAX's Price-to-Net-Current-Asset-Value is ranked better than 96.19% of 499
companies
in the Capital Markets industry
Industry Median: 2.73
vs PMAX: 0.32
Powell Max (NAS:PMAX) 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.
Powell Max Net Current Asset Value Related Terms
Powell Max Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Powell Max'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.
PMAX vs MWAI, NCPL, ABTS: Net Current Asset Value Comparison
For the Capital Markets subindustry, Powell Max'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.
Powell Max Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Powell Max's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Powell Max'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 $5.07 mean?
Powell Max (PMAX) has a Net Current Asset Value of $5.07 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 Powell Max and its competitors. This is 71% below median its historical median of 17.56. Over the past decade, Powell Max's Net Current Asset Value has ranged from 0.31 to 31.55. According to the industry distribution chart, Powell Max ranks #19 out of 499 companies in the Capital Markets industry, placing it in the top 3.8%.
Is Powell Max's Net Current Asset Value too high?
Powell Max's current Net Current Asset Value of $5.07 is 71% below median its 10-year median of 17.56. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 31.55. The Capital Markets industry median Net Current Asset Value is 2.73. Powell Max's value of $5.07 is 85.7% above this industry median. Based on the distribution chart, Powell Max ranks #19 out of 499 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Powell Max has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Powell Max's Net Current Asset Value compare to MWAI and NCPL?
According to the Capital Markets industry distribution chart, Powell Max ranks #19 out of 499 companies for Net Current Asset Value. This places Powell Max in the top 4% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.73. Powell Max's value of $5.07 is 85.7% above this benchmark. Historically, Powell Max's own Net Current Asset Value has ranged from 0.31 to 31.55 over the past decade. While the company's 10-year median is 17.56 vs. the industry median of 2.73, Powell Max has consistently been above 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.73, based on 499 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. Powell Max's current Net Current Asset Value of $5.07 is 85.7% above 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 Powell Max and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Powell Max's current Net Current Asset Value is $5.07, which is 71% below median its own 10-year median of 17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powell Max stock overvalued right now?
Powell Max (PMAX) has a current Net Current Asset Value of $5.07. The current Net Current Asset Value is $5.07, which is 71% below median its 10-year median of 17.56 and 85.7% above the Capital Markets industry median of 2.73. Powell Max's overall GF Score™ is 13/100 with 7 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 Powell Max (PMAX), the current Net Current Asset Value is $5.07 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.
Powell Max Ltd operates as a financial communications platform supporting listed companies and IPO applicants throughout the capital markets lifecycle. Substantially all of the company's revenue is generated from Hong Kong. The group focused on supporting the disclosure, reporting, and transaction needs of corporate clients and their advisors. Its mission is to combine industry knowledge, execution capabilities, and a commitment to service to deliver accurate, timely, and reliable solutions for customers.
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