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Grand Banks YachtsSGX:G50 65 Net Current Asset Value is S$0.04 as of Dec. 2025, which is 100% below its 10-year median of 3.35. GuruFocus rates SGX:G50 with a GF Score™ of 65/100 and a GF Value™ of S$0.64 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 314 Travel & Leisure companies, Grand Banks Yachts ranks worse than 82.8% 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).
Grand Banks Yachts'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 Grand Banks Yachts's Net Current Asset Value or its related term are showing as below:
SGX:G50'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.05 Med: 3.35 Max: 20.13
Current: 18.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Grand Banks Yachts was 20.13. The lowest was 2.05. And the median was 3.35.
SGX:G50's Price-to-Net-Current-Asset-Value is ranked worse than 82.8% of 314
companies
in the Travel & Leisure industry
Industry Median: 4.275
vs SGX:G50: 18.25
Grand Banks Yachts (SGX:G50) 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.
Grand Banks Yachts Net Current Asset Value Related Terms
Grand Banks Yachts Net Current Asset Value Historical Data
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The historical data trend for Grand Banks Yachts'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:G50 vs AS, HAS, LTH: Net Current Asset Value Comparison
For the Leisure subindustry, Grand Banks Yachts'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.
Grand Banks Yachts Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Banks Yachts's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Grand Banks Yachts'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?
Grand Banks Yachts (SGX:G50) 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 Grand Banks Yachts and its competitors. This is 99% below median its historical median of 3.35. Over the past decade, Grand Banks Yachts' Net Current Asset Value has ranged from 2.05 to 20.13. According to the industry distribution chart, Grand Banks Yachts ranks #260 out of 314 companies in the Travel & Leisure industry, placing it in the top 82.8%.
Is Grand Banks Yachts' Net Current Asset Value too high?
Grand Banks Yachts' current Net Current Asset Value of S$0.04 is 99% below median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 20.13. Based on the distribution chart, Grand Banks Yachts ranks #260 out of 314 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Grand Banks Yachts has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Banks Yachts' Net Current Asset Value compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Banks Yachts ranks #260 out of 314 companies for Net Current Asset Value. This places Grand Banks Yachts in the lower half of its industry. The industry median Net Current Asset Value is 4.28. Historically, Grand Banks Yachts' own Net Current Asset Value has ranged from 2.05 to 20.13 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.28, based on 314 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 Grand Banks Yachts and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Banks Yachts's current Net Current Asset Value is S$0.04, which is 99% below median its own 10-year median of 3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Banks Yachts stock overvalued right now?
Based on GuruFocus' analysis, Grand Banks Yachts (SGX:G50) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.64, compared to a current price of S$0.73 — trading 14.1% above its estimated fair value. The current Net Current Asset Value is S$0.04, which is 99% below median its 10-year median of 3.35. Grand Banks Yachts' overall GF Score™ is 65/100 with 1 warning sign 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 Grand Banks Yachts (SGX:G50), 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 Grand Banks Yachts (SGX:G50) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Banks Yachts stock appears to be overvalued.
The current stock price of S$0.73 is trading 14.1% above its estimated GF Value™ of S$0.64.
GuruFocus considers Grand Banks Yachts to be Modestly Overvalued.
Key valuation signals for SGX:G50:
Net Current Asset Value: S$0.04 (99% below median its 10-year median of 3.35)
GF Value™: S$0.64 vs. price of S$0.73 (14.1% above fair value)
No single metric tells the full story. See the SGX:G50 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Banks Yachts Ltd, along with its subsidiaries, is an investment holding company involved in manufacturing, selling, and exporting luxury yachts overseas. The company has two segments: Manufacturing and Trading, and Others. The Manufacturing and Trading segment involves the manufacturing and sale of yachts to end customers. The Others segment includes ancillary sales such as brokerage income, service income, and sales of trade-in boats. The majority of the company's revenue comes from the Manufacturing and Trading of Yachts segment. Geographically, the company exports its products to the United States of America, Europe, Australia, and Asia, with the United States of America generating the maximum revenue.
65GF 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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