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Southern Packaging GroupSGX:BQP 38 Net Current Asset Value is S$0.04 as of Dec. 2025, which is 100% below its 10-year median of 12.67. GuruFocus rates SGX:BQP with a GF Score™ of 38/100 and a GF Value™ of S$0.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 222 Packaging & Containers companies, Southern Packaging Group ranks worse than 68.47% 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).
Southern Packaging Group's net current asset value per share for the quarter that ended in Dec. 2025 was S$0.04.
The historical rank and industry rank for Southern Packaging Group's Net Current Asset Value or its related term are showing as below:
SGX:BQP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.39 Med: 12.67 Max: 58
Current: 8
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Southern Packaging Group was 58.00. The lowest was 3.39. And the median was 12.67.
SGX:BQP's Price-to-Net-Current-Asset-Value is ranked worse than 68.47% of 222
companies
in the Packaging & Containers industry
Industry Median: 3.515
vs SGX:BQP: 8.00
Southern Packaging Group (SGX:BQP) 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.
Southern Packaging Group Net Current Asset Value Related Terms
Southern Packaging Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Southern Packaging Group'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.
Southern Packaging Group Net Current Asset Value Chart
SGX:BQP vs SW, PKG, IP: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, Southern Packaging Group'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.
Southern Packaging Group Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Southern Packaging Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Southern Packaging Group'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$0.04 mean?
Southern Packaging Group (SGX:BQP) has a Net Current Asset Value of S$0.04 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 Southern Packaging Group and its competitors. This is 100% below median its historical median of 12.67. Over the past decade, Southern Packaging Group's Net Current Asset Value has ranged from 3.39 to 58.00. According to the industry distribution chart, Southern Packaging Group ranks #152 out of 222 companies in the Packaging & Containers industry, placing it in the top 68.5%.
Is Southern Packaging Group's Net Current Asset Value too high?
Southern Packaging Group's current Net Current Asset Value of S$0.04 is 100% below median its 10-year median of 12.67. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 58.00. Based on the distribution chart, Southern Packaging Group ranks #152 out of 222 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Southern Packaging Group has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southern Packaging Group's Net Current Asset Value compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Southern Packaging Group ranks #152 out of 222 companies for Net Current Asset Value. This places Southern Packaging Group in the lower half of its industry. The industry median Net Current Asset Value is 3.52. Historically, Southern Packaging Group's own Net Current Asset Value has ranged from 3.39 to 58.00 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 Packaging & Containers company?
The median Net Current Asset Value among Packaging & Containers companies is 3.52, based on 222 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 Southern Packaging Group and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Packaging Group's current Net Current Asset Value is S$0.04, which is 100% below median its own 10-year median of 12.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Packaging Group stock overvalued right now?
Based on GuruFocus' analysis, Southern Packaging Group (SGX:BQP) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.42, compared to a current price of S$0.32 — trading 23.8% below its estimated fair value. The current Net Current Asset Value is S$0.04, which is 100% below median its 10-year median of 12.67. Southern Packaging Group's overall GF Score™ is 38/100 with 7 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 Southern Packaging Group (SGX:BQP), the current Net Current Asset Value is S$0.04 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 Southern Packaging Group (SGX:BQP) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Packaging Group stock appears to be undervalued.
The current stock price of S$0.32 is trading 23.8% below its estimated GF Value™ of S$0.42.
GuruFocus considers Southern Packaging Group to be Modestly Undervalued.
Key valuation signals for SGX:BQP:
Net Current Asset Value: S$0.04 (100% below median its 10-year median of 12.67)
GF Value™: S$0.42 vs. price of S$0.32 (23.8% below fair value)
No single metric tells the full story. See the SGX:BQP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Packaging Group Ltd is engaged in the production of flexible and rigid packaging products used in the food, medical, personal grooming, and household industries. It has three segments Flexible packaging segment mainly manufactures plastic packaging bags with designs supplied by customers for the pharmaceutical industry, food and beverage industry, and hygiene industry; the Rigid packaging segment mainly manufactures polyethylene terephthalate (PET) bottles together with the printing of design onto the bottle for the pharmaceutical industry, food and beverage industry, and hygiene industry; property development segment refers to business of developing and holding property for future sale in the ordinary course of business or earn rental income.
38GF Score
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