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XMH HoldingsSGX:BQF +1.77%58 Net Current Asset Value is S$0.54 as of Apr. 2026, which is 100% below its 10-year median of 4.17. GuruFocus rates SGX:BQF with a GF Score™ of 58/100 and a GF Value™ of S$0.86 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,217 Industrial Products companies, XMH Holdings ranks better than 58.68% 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).
XMH Holdings's net current asset value per share for the quarter that ended in Apr. 2026 was S$0.54.
The historical rank and industry rank for XMH Holdings's Net Current Asset Value or its related term are showing as below:
SGX:BQF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.63 Med: 4.17 Max: 14.17
Current: 4.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of XMH Holdings was 14.17. The lowest was 2.63. And the median was 4.17.
SGX:BQF's Price-to-Net-Current-Asset-Value is ranked better than 58.68% of 2217
companies
in the Industrial Products industry
Industry Median: 5.17
vs SGX:BQF: 4.26
XMH Holdings (SGX:BQF) 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.
XMH Holdings Net Current Asset Value Related Terms
XMH Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for XMH 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.
SGX:BQF vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, XMH 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.
XMH Holdings Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, XMH Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where XMH 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$0.54 mean?
XMH Holdings (SGX:BQF) has a Net Current Asset Value of S$0.54 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on XMH Holdings and its competitors. This is 87% below median its historical median of 4.17. Over the past decade, XMH Holdings' Net Current Asset Value has ranged from 2.63 to 14.17. According to the industry distribution chart, XMH Holdings ranks #916 out of 2217 companies in the Industrial Products industry, placing it in the top 41.3%.
Is XMH Holdings' Net Current Asset Value too high?
XMH Holdings' current Net Current Asset Value of S$0.54 is 87% below median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 14.17. Based on the distribution chart, XMH Holdings ranks #916 out of 2217 companies in the Industrial Products industry, which is above the industry midpoint. Overall, XMH Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XMH Holdings' Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, XMH Holdings ranks #916 out of 2217 companies for Net Current Asset Value. This puts XMH Holdings in the upper half of its industry. The industry median Net Current Asset Value is 5.17. Historically, XMH Holdings' own Net Current Asset Value has ranged from 2.63 to 14.17 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.17, based on 2,217 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 XMH Holdings and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XMH Holdings's current Net Current Asset Value is S$0.54, which is 87% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XMH Holdings stock overvalued right now?
Based on GuruFocus' analysis, XMH Holdings (SGX:BQF) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.86, compared to a current price of S$2.30 — trading 167.4% above its estimated fair value. The current Net Current Asset Value is S$0.54, which is 87% below median its 10-year median of 4.17. XMH Holdings' overall GF Score™ is 58/100 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 XMH Holdings (SGX:BQF), the current Net Current Asset Value is S$0.54 as of Apr. 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 XMH Holdings (SGX:BQF) Overvalued in 2026?
Based on GuruFocus' analysis, XMH Holdings stock appears to be overvalued.
The current stock price of S$2.30 is trading 167.4% above its estimated GF Value™ of S$0.86.
GuruFocus considers XMH Holdings to be Significantly Overvalued.
Key valuation signals for SGX:BQF:
Net Current Asset Value: S$0.54 (87% below median its 10-year median of 4.17)
GF Value™: S$0.86 vs. price of S$2.30 (167.4% above fair value)
No single metric tells the full story. See the SGX:BQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.
58GF Score
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