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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).
Azeus Systems Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was S$0.88.
The historical rank and industry rank for Azeus Systems Holdings's Net Current Asset Value or its related term are showing as below:
SGX:BBW'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.85 Med: 5.28 Max: 12.21
Current: 11.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Azeus Systems Holdings was 12.21. The lowest was 0.85. And the median was 5.28.
SGX:BBW's Price-to-Net-Current-Asset-Value is ranked worse than 74.06% of 1754
companies
in the Software industry
Industry Median: 5.185
vs SGX:BBW: 11.25
Azeus Systems Holdings (SGX:BBW) 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.
Azeus Systems Holdings Net Current Asset Value Related Terms
Azeus Systems Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Azeus Systems 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.
Azeus Systems Holdings Net Current Asset Value Chart
SGX:BBW vs IBM, ACN, CTSH: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Azeus Systems 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.
Azeus Systems Holdings Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Azeus Systems Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Azeus Systems 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$0.88 mean?
Azeus Systems Holdings (SGX:BBW) has a Net Current Asset Value of S$0.88 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Azeus Systems Holdings and its competitors. According to the industry distribution chart, Azeus Systems Holdings ranks #1299 out of 1754 companies in the Software industry, placing it in the top 74.1%.
Is Azeus Systems Holdings' Net Current Asset Value too high?
Azeus Systems Holdings' current Net Current Asset Value is S$0.88. Based on the distribution chart, Azeus Systems Holdings ranks #1299 out of 1754 companies in the Software industry, which is below the industry midpoint. Overall, Azeus Systems Holdings has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Azeus Systems Holdings' Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Azeus Systems Holdings ranks #1299 out of 1754 companies for Net Current Asset Value. This places Azeus Systems Holdings in the lower half of its industry. The industry median Net Current Asset Value is 5.19. 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 Software company?
The median Net Current Asset Value among Software companies is 5.19, based on 1,754 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 Azeus Systems Holdings and its competitors. For the Software industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azeus Systems Holdings's current Net Current Asset Value is S$0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azeus Systems Holdings stock overvalued right now?
Based on GuruFocus' analysis, Azeus Systems Holdings (SGX:BBW) is currently considered Significantly Undervalued. The stock's GF Value™ is S$15.10, compared to a current price of S$9.90 — trading 34.4% below its estimated fair value. The current Net Current Asset Value is S$0.88. Azeus Systems Holdings' overall GF Score™ is 90/100 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 Azeus Systems Holdings (SGX:BBW), the current Net Current Asset Value is S$0.88 as of Mar. 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.
Is Azeus Systems Holdings (SGX:BBW) Overvalued in 2026?
Based on GuruFocus' analysis, Azeus Systems Holdings stock appears to be undervalued.
The current stock price of S$9.90 is trading 34.4% below its estimated GF Value™ of S$15.10.
GuruFocus considers Azeus Systems Holdings to be Significantly Undervalued.
Key valuation signals for SGX:BBW:
Net Current Asset Value: S$0.88
GF Value™: S$15.10 vs. price of S$9.90 (34.4% below fair value)
No single metric tells the full story. See the SGX:BBW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azeus Systems Holdings Ltd is an investment holding company that provides IT products and services in Hong Kong, Asia, the United Kingdom, Europe, Australia, New Zealand, North America, South America, the Middle East, and Africa. It operates through two segments, IT Services and Azeus Product. The IT Service segment includes designing and implementing a broad range of IT software and systems, as well as developing and integrating various software programmes of IT systems to fulfill the outsourcing needs of its customers. Its Product includes developing innovative technologies and solutions such as proprietary products known as AzeusCare, an enterprise level social care management system, and Convene, an award-winning Board Portal.
90GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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