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Khong GuanSGX:K03 75 Net Current Asset Value is S$0.63 as of Jan. 2026, which is 100% below its 10-year median of 1.97. GuruFocus rates SGX:K03 with a GF Score™ of 75/100 and a GF Value™ of S$1.03 (Fairly Valued). The stock has 3 warning signs investors should review. Among 137 Retail - Defensive companies, Khong Guan ranks better than 75.18% 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).
Khong Guan's net current asset value per share for the quarter that ended in Jan. 2026 was S$0.63.
The historical rank and industry rank for Khong Guan's Net Current Asset Value or its related term are showing as below:
SGX:K03'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.5 Med: 1.97 Max: 2.46
Current: 1.57
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Khong Guan was 2.46. The lowest was 1.50. And the median was 1.97.
SGX:K03's Price-to-Net-Current-Asset-Value is ranked better than 75.18% of 137
companies
in the Retail - Defensive industry
Industry Median: 3.26
vs SGX:K03: 1.57
Khong Guan (SGX:K03) 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.
Khong Guan Net Current Asset Value Related Terms
Khong Guan Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Khong Guan'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:K03 vs SYY, USFD, PFGC: Net Current Asset Value Comparison
For the Food Distribution subindustry, Khong Guan'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.
Khong Guan Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Khong Guan's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Khong Guan'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$0.63 mean?
Khong Guan (SGX:K03) has a Net Current Asset Value of S$0.63 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Khong Guan and its competitors. This is 68% below median its historical median of 1.97. Over the past decade, Khong Guan's Net Current Asset Value has ranged from 1.50 to 2.46. According to the industry distribution chart, Khong Guan ranks #34 out of 137 companies in the Retail - Defensive industry, placing it in the top 24.8%.
Is Khong Guan's Net Current Asset Value too high?
Khong Guan's current Net Current Asset Value of S$0.63 is 68% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 2.46. Based on the distribution chart, Khong Guan ranks #34 out of 137 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Khong Guan has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Khong Guan's Net Current Asset Value compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Khong Guan ranks #34 out of 137 companies for Net Current Asset Value. This places Khong Guan in the top 25% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.26. Historically, Khong Guan's own Net Current Asset Value has ranged from 1.50 to 2.46 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.26, based on 137 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 Khong Guan and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khong Guan's current Net Current Asset Value is S$0.63, which is 68% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khong Guan stock overvalued right now?
Based on GuruFocus' analysis, Khong Guan (SGX:K03) is currently considered Fairly Valued. The stock's GF Value™ is S$1.03, compared to a current price of S$0.99 — trading 3.9% below its estimated fair value. The current Net Current Asset Value is S$0.63, which is 68% below median its 10-year median of 1.97. Khong Guan's overall GF Score™ is 75/100 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 Khong Guan (SGX:K03), the current Net Current Asset Value is S$0.63 as of Jan. 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 Khong Guan (SGX:K03) Overvalued in 2026?
Based on GuruFocus' analysis, Khong Guan stock appears to be undervalued.
The current stock price of S$0.99 is trading 3.9% below its estimated GF Value™ of S$1.03.
GuruFocus considers Khong Guan to be Fairly Valued.
Key valuation signals for SGX:K03:
Net Current Asset Value: S$0.63 (68% below median its 10-year median of 1.97)
GF Value™: S$1.03 vs. price of S$0.99 (3.9% below fair value)
No single metric tells the full story. See the SGX:K03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khong Guan Ltd is a Singapore-based investment holding company. It has two reportable operating segments; Trading of wheat flour and consumer goods, which is engaged in trading of wheat flour and consumer goods in Singapore and Malaysia; and Others which is involved in trading and holding of quoted and unquoted shares in Singapore and Malaysia. The company generates maximum revenue from the Trading of wheat flour and consumer goods segment. Geographically, it derives a majority of its revenue from Malaysia and the rest from Singapore.
75GF Score
Get the complete analysis for SGX:K03
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