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Global TestingSGX:AYN 73 Net Current Asset Value is S$0.85 as of Dec. 2025, which is 100% below its 10-year median of 1.97. GuruFocus rates SGX:AYN with a GF Score™ of 73/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 720 Semiconductors companies, Global Testing ranks better than 93.47% 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).
Global Testing's net current asset value per share for the quarter that ended in Dec. 2025 was S$0.85.
The historical rank and industry rank for Global Testing's Net Current Asset Value or its related term are showing as below:
SGX:AYN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.17 Med: 1.97 Max: 15
Current: 1.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Global Testing was 15.00. The lowest was 1.17. And the median was 1.97.
SGX:AYN's Price-to-Net-Current-Asset-Value is ranked better than 93.47% of 720
companies
in the Semiconductors industry
Industry Median: 7.91
vs SGX:AYN: 1.42
Global Testing (SGX:AYN) 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.
Global Testing Net Current Asset Value Related Terms
Global Testing Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Global Testing'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.
SGX:AYN vs AMAT, LRCX, KLAC: Net Current Asset Value Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Global Testing'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$0.85 mean?
Global Testing (SGX:AYN) has a Net Current Asset Value of S$0.85 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 Global Testing and its competitors. This is 57% below median its historical median of 1.97. Over the past decade, Global Testing's Net Current Asset Value has ranged from 1.17 to 15.00. According to the industry distribution chart, Global Testing ranks #47 out of 720 companies in the Semiconductors industry, placing it in the top 6.5%.
Is Global Testing's Net Current Asset Value too high?
Global Testing's current Net Current Asset Value of S$0.85 is 57% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 15.00. Based on the distribution chart, Global Testing ranks #47 out of 720 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Global Testing has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Net Current Asset Value compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #47 out of 720 companies for Net Current Asset Value. This places Global Testing in the top 7% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.91. Historically, Global Testing's own Net Current Asset Value has ranged from 1.17 to 15.00 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 a Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 7.91, based on 720 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 Global Testing and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 7.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Net Current Asset Value is S$0.85, which is 57% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.21 — trading 4.3% above its estimated fair value. The current Net Current Asset Value is S$0.85, which is 57% below median its 10-year median of 1.97. Global Testing's overall GF Score™ is 73/100. 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 Global Testing (SGX:AYN), the current Net Current Asset Value is S$0.85 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be overvalued.
The current stock price of S$1.21 is trading 4.3% above its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Net Current Asset Value: S$0.85 (57% below median its 10-year median of 1.97)
GF Value™: S$1.16 vs. price of S$1.21 (4.3% above fair value)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
73GF Score
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