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Penguin InternationalSGX:BTM +2.00%88 Net Current Asset Value is S$0.14 as of Dec. 2025, which is 100% below its 10-year median of 2.46. GuruFocus rates SGX:BTM with a GF Score™ of 88/100 and a GF Value™ of S$1.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 198 Aerospace & Defense companies, Penguin International ranks worse than 61.11% 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).
Penguin International's net current asset value per share for the quarter that ended in Dec. 2025 was S$0.14.
The historical rank and industry rank for Penguin International's Net Current Asset Value or its related term are showing as below:
SGX:BTM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.25 Med: 2.46 Max: 17.38
Current: 10.93
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Penguin International was 17.38. The lowest was 1.25. And the median was 2.46.
SGX:BTM's Price-to-Net-Current-Asset-Value is ranked worse than 61.11% of 198
companies
in the Aerospace & Defense industry
Industry Median: 7.56
vs SGX:BTM: 10.93
Penguin International (SGX:BTM) 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.
Penguin International Net Current Asset Value Related Terms
Penguin International Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Penguin International'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.
Penguin International Net Current Asset Value Chart
SGX:BTM vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Penguin International'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.
Penguin International Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Penguin International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Penguin International'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$0.14 mean?
Penguin International (SGX:BTM) has a Net Current Asset Value of S$0.14 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 Penguin International and its competitors. This is 94% below median its historical median of 2.46. Over the past decade, Penguin International's Net Current Asset Value has ranged from 1.25 to 17.38. According to the industry distribution chart, Penguin International ranks #121 out of 198 companies in the Aerospace & Defense industry, placing it in the top 61.1%.
Is Penguin International's Net Current Asset Value too high?
Penguin International's current Net Current Asset Value of S$0.14 is 94% below median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 17.38. Based on the distribution chart, Penguin International ranks #121 out of 198 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Penguin International has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Penguin International's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Penguin International ranks #121 out of 198 companies for Net Current Asset Value. This places Penguin International in the lower half of its industry. The industry median Net Current Asset Value is 7.56. Historically, Penguin International's own Net Current Asset Value has ranged from 1.25 to 17.38 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 Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.56, based on 198 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 Penguin International and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Penguin International's current Net Current Asset Value is S$0.14, which is 94% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Penguin International stock overvalued right now?
Based on GuruFocus' analysis, Penguin International (SGX:BTM) is currently considered Fairly Valued. The stock's GF Value™ is S$1.46, compared to a current price of S$1.53 — trading 4.8% above its estimated fair value. The current Net Current Asset Value is S$0.14, which is 94% below median its 10-year median of 2.46. Penguin International's overall GF Score™ is 88/100 with 2 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 Penguin International (SGX:BTM), the current Net Current Asset Value is S$0.14 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 Penguin International (SGX:BTM) Overvalued in 2026?
Based on GuruFocus' analysis, Penguin International stock appears to be overvalued.
The current stock price of S$1.53 is trading 4.8% above its estimated GF Value™ of S$1.46.
GuruFocus considers Penguin International to be Fairly Valued.
Key valuation signals for SGX:BTM:
Net Current Asset Value: S$0.14 (94% below median its 10-year median of 2.46)
GF Value™: S$1.46 vs. price of S$1.53 (4.8% above fair value)
No single metric tells the full story. See the SGX:BTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penguin International Ltd is a marine and offshore services company. Its services include shipyard services and offshore charters. The company's segments include the chartering segment, which provides chartering of vessels; and the shipbuilding and ship repairs and maintenance segment, which acts as a builder of high speed aluminum commercial vessels and contractor for ship repairs and maintenance services. Its principal activity is to act as (i) owners and operators of passenger ferries, (ii) designers and builders of search-and-rescue vessels, and (iii) investment holding. Its subsidiaries own and operate crew boats, fast supply intervention vessels, passenger ferries, as well as shipyards.
88GF 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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