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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).
The historical rank and industry rank for Yangzijiang Maritime Development's Net Current Asset Value or its related term are showing as below:
SGX:8YZ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.95 Med: 4.43 Max: 5.9
Current: 5.8
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Yangzijiang Maritime Development was 5.90. The lowest was 2.95. And the median was 4.43.
SGX:8YZ's Price-to-Net-Current-Asset-Value is ranked worse than 62.9% of 372
companies
in the Asset Management industry
Industry Median: 3.55
vs SGX:8YZ: 5.80
Yangzijiang Maritime Development (SGX:8YZ) 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.
Yangzijiang Maritime Development Net Current Asset Value Related Terms
Yangzijiang Maritime Development Net Current Asset Value Historical Data
* 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.
Yangzijiang Maritime Development Net Current Asset Value Chart
SGX:8YZ vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Yangzijiang Maritime Development'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.
Yangzijiang Maritime Development Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Yangzijiang Maritime Development's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Yangzijiang Maritime Development'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$0.10 mean?
Yangzijiang Maritime Development (SGX:8YZ) has a Net Current Asset Value of S$0.10 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Yangzijiang Maritime Development and its competitors. According to the industry distribution chart, Yangzijiang Maritime Development ranks #234 out of 372 companies in the Asset Management industry, placing it in the top 62.9%.
Is Yangzijiang Maritime Development's Net Current Asset Value too high?
Yangzijiang Maritime Development's current Net Current Asset Value is S$0.10. Based on the distribution chart, Yangzijiang Maritime Development ranks #234 out of 372 companies in the Asset Management industry, which is below the industry midpoint. Overall, Yangzijiang Maritime Development has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Yangzijiang Maritime Development's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Yangzijiang Maritime Development ranks #234 out of 372 companies for Net Current Asset Value. This places Yangzijiang Maritime Development in the lower half of its industry. The industry median Net Current Asset Value is 3.55. 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 Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.55, based on 372 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 Yangzijiang Maritime Development and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yangzijiang Maritime Development's current Net Current Asset Value is S$0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yangzijiang Maritime Development stock overvalued right now?
Yangzijiang Maritime Development (SGX:8YZ) has a current Net Current Asset Value of S$0.10. The current Net Current Asset Value is S$0.10. Yangzijiang Maritime Development's overall GF Score™ is 21/100 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 Yangzijiang Maritime Development (SGX:8YZ), the current Net Current Asset Value is S$0.10 as of Jun. 2026. 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.
Yangzijiang Maritime Development Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in maritime investments, ship agency, ship broking, and the provision of ship financing services. The principal activities of the company consist of: Maritime Business, Cash Management, and Other Non-Maritime Investments. The majority of the income is generated from the Cash Management segment. Geographically, the company manages the business in Singapore.
21GF Score
Get the complete analysis for SGX:8YZ
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