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Heatec Jietong HoldingsSGX:5OR Net Current Asset Value is S$0.02 as of Dec. 2025, which is 100% below its 10-year median of 1.33. The stock has 3 warning signs investors should review. Among 305 Oil & Gas companies, Heatec Jietong Holdings ranks better than 78.36% 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).
Heatec Jietong Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was S$0.02.
The historical rank and industry rank for Heatec Jietong Holdings's Net Current Asset Value or its related term are showing as below:
SGX:5OR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.39 Med: 1.33 Max: 3
Current: 1.65
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Heatec Jietong Holdings was 3.00. The lowest was 0.39. And the median was 1.33.
SGX:5OR's Price-to-Net-Current-Asset-Value is ranked better than 78.36% of 305
companies
in the Oil & Gas industry
Industry Median: 4
vs SGX:5OR: 1.65
Heatec Jietong Holdings (SGX:5OR) 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.
Heatec Jietong Holdings Net Current Asset Value Related Terms
Heatec Jietong Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Heatec Jietong 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.
Heatec Jietong Holdings Net Current Asset Value Chart
SGX:5OR vs SLB, BKR, FTI: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Heatec Jietong 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.
Heatec Jietong Holdings Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Heatec Jietong Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Heatec Jietong 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 S$0.02 mean?
Heatec Jietong Holdings (SGX:5OR) has a Net Current Asset Value of S$0.02 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 Heatec Jietong Holdings and its competitors. This is 98% below median its historical median of 1.33. Over the past decade, Heatec Jietong Holdings' Net Current Asset Value has ranged from 0.39 to 3.00. According to the industry distribution chart, Heatec Jietong Holdings ranks #66 out of 305 companies in the Oil & Gas industry, placing it in the top 21.6%.
Is Heatec Jietong Holdings' Net Current Asset Value too high?
Heatec Jietong Holdings' current Net Current Asset Value of S$0.02 is 98% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 3.00. Based on the distribution chart, Heatec Jietong Holdings ranks #66 out of 305 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Heatec Jietong Holdings' Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Heatec Jietong Holdings ranks #66 out of 305 companies for Net Current Asset Value. This places Heatec Jietong Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.00. Historically, Heatec Jietong Holdings' own Net Current Asset Value has ranged from 0.39 to 3.00 over the past decade. 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 4.00, based on 305 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. 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 Heatec Jietong Holdings and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heatec Jietong Holdings's current Net Current Asset Value is S$0.02, which is 98% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heatec Jietong Holdings stock overvalued right now?
Based on GuruFocus' analysis, Heatec Jietong Holdings (SGX:5OR) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.02, compared to a current price of S$0.03 — trading 65% above its estimated fair value. The current Net Current Asset Value is S$0.02, which is 98% below median its 10-year median of 1.33. 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 Heatec Jietong Holdings (SGX:5OR), the current Net Current Asset Value is S$0.02 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.
Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical Cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in the servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The group's operations are carried out in Singapore and the People's Republic of China.
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