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PNE IndustriesSGX:BDA 43 Net Current Asset Value is S$0.68 as of Mar. 2026, which is 100% below its 10-year median of 0.93. GuruFocus rates SGX:BDA with a GF Score™ of 43/100 and a GF Value™ of S$0.54 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,847 Hardware companies, PNE Industries ranks better than 97.51% 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).
PNE Industries's net current asset value per share for the quarter that ended in Mar. 2026 was S$0.68.
The historical rank and industry rank for PNE Industries's Net Current Asset Value or its related term are showing as below:
SGX:BDA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.58 Med: 0.93 Max: 1.26
Current: 0.58
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PNE Industries was 1.26. The lowest was 0.58. And the median was 0.93.
SGX:BDA's Price-to-Net-Current-Asset-Value is ranked better than 97.51% of 1847
companies
in the Hardware industry
Industry Median: 5.09
vs SGX:BDA: 0.58
PNE Industries (SGX:BDA) 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.
PNE Industries Net Current Asset Value Related Terms
PNE Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for PNE Industries'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:BDA vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, PNE Industries'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.
PNE Industries Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, PNE Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PNE Industries'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$0.68 mean?
PNE Industries (SGX:BDA) has a Net Current Asset Value of S$0.68 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 PNE Industries and its competitors. This is 27% below median its historical median of 0.93. Over the past decade, PNE Industries' Net Current Asset Value has ranged from 0.58 to 1.26. According to the industry distribution chart, PNE Industries ranks #46 out of 1847 companies in the Hardware industry, placing it in the top 2.5%.
Is PNE Industries' Net Current Asset Value too high?
PNE Industries' current Net Current Asset Value of S$0.68 is 27% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.26. Based on the distribution chart, PNE Industries ranks #46 out of 1847 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, PNE Industries has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNE Industries' Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, PNE Industries ranks #46 out of 1847 companies for Net Current Asset Value. This places PNE Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.09. Historically, PNE Industries' own Net Current Asset Value has ranged from 0.58 to 1.26 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.09, based on 1,847 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 PNE Industries and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNE Industries's current Net Current Asset Value is S$0.68, which is 27% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNE Industries stock overvalued right now?
Based on GuruFocus' analysis, PNE Industries (SGX:BDA) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.54, compared to a current price of S$0.40 — trading 26.9% below its estimated fair value. The current Net Current Asset Value is S$0.68, which is 27% below median its 10-year median of 0.93. PNE Industries' overall GF Score™ is 43/100 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 PNE Industries (SGX:BDA), the current Net Current Asset Value is S$0.68 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 PNE Industries (SGX:BDA) Overvalued in 2026?
Based on GuruFocus' analysis, PNE Industries stock appears to be undervalued.
The current stock price of S$0.40 is trading 26.9% below its estimated GF Value™ of S$0.54.
GuruFocus considers PNE Industries to be Modestly Undervalued.
Key valuation signals for SGX:BDA:
Net Current Asset Value: S$0.68 (27% below median its 10-year median of 0.93)
GF Value™: S$0.54 vs. price of S$0.40 (26.9% below fair value)
No single metric tells the full story. See the SGX:BDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNE Industries Ltd is an investment holding company and provision of management services. Its business operates in two segments. The Contract Manufacturing segment includes the manufacturing of electronic controllers and other electrical and electronic products. The Trading segment operates in the manufacturing and trading of emergency lighting equipment and related products. The Contract Manufacturing segment generates maximum revenue for the company. Geographically the company exports its products to Romania, the Netherlands, Singapore, Europe, the People's Republic of China, Malaysia, and Other regions.
43GF Score
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