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Ever Glory United HoldingsSGX:ZKX +2.42%61 Net Current Asset Value is S$0.03 as of Dec. 2025, which is 100% below its 10-year median of 7.80. GuruFocus rates SGX:ZKX with a GF Score™ of 61/100 and a GF Value™ of S$0.53 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,063 Construction companies, Ever Glory United Holdings ranks worse than 92.57% 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).
Ever Glory United Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was S$0.03.
The historical rank and industry rank for Ever Glory United Holdings's Net Current Asset Value or its related term are showing as below:
SGX:ZKX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.2 Med: 7.8 Max: 28.17
Current: 28.17
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ever Glory United Holdings was 28.17. The lowest was 7.20. And the median was 7.80.
SGX:ZKX's Price-to-Net-Current-Asset-Value is ranked worse than 92.57% of 1063
companies
in the Construction industry
Industry Median: 3.22
vs SGX:ZKX: 28.17
Ever Glory United Holdings (SGX:ZKX) 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.
Ever Glory United Holdings Net Current Asset Value Related Terms
Ever Glory United Holdings Net Current Asset Value Historical Data
* 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.
Ever Glory United Holdings Net Current Asset Value Chart
SGX:ZKX vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Ever Glory United 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.
Ever Glory United Holdings Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Ever Glory United Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ever Glory United 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$0.03 mean?
Ever Glory United Holdings (SGX:ZKX) has a Net Current Asset Value of S$0.03 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 Ever Glory United Holdings and its competitors. This is 100% below median its historical median of 7.80. Over the past decade, Ever Glory United Holdings' Net Current Asset Value has ranged from 7.20 to 28.17. According to the industry distribution chart, Ever Glory United Holdings ranks #984 out of 1063 companies in the Construction industry, placing it in the top 92.6%.
Is Ever Glory United Holdings' Net Current Asset Value too high?
Ever Glory United Holdings' current Net Current Asset Value of S$0.03 is 100% below median its 10-year median of 7.80. Over the past 10 years, this metric has ranged from a low of 7.20 to a high of 28.17. Based on the distribution chart, Ever Glory United Holdings ranks #984 out of 1063 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ever Glory United Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ever Glory United Holdings' Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Ever Glory United Holdings ranks #984 out of 1063 companies for Net Current Asset Value. This places Ever Glory United Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.22. Historically, Ever Glory United Holdings' own Net Current Asset Value has ranged from 7.20 to 28.17 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 a Construction company?
The median Net Current Asset Value among Construction companies is 3.22, based on 1,063 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 Ever Glory United Holdings and its competitors. For the Construction industry, the median Net Current Asset Value is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ever Glory United Holdings's current Net Current Asset Value is S$0.03, which is 100% below median its own 10-year median of 7.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever Glory United Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ever Glory United Holdings (SGX:ZKX) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.53, compared to a current price of S$0.85 — trading 59.4% above its estimated fair value. The current Net Current Asset Value is S$0.03, which is 100% below median its 10-year median of 7.80. Ever Glory United Holdings' overall GF Score™ is 61/100 with 4 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 Ever Glory United Holdings (SGX:ZKX), the current Net Current Asset Value is S$0.03 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 Ever Glory United Holdings (SGX:ZKX) Overvalued in 2026?
Based on GuruFocus' analysis, Ever Glory United Holdings stock appears to be overvalued.
The current stock price of S$0.85 is trading 59.4% above its estimated GF Value™ of S$0.53.
GuruFocus considers Ever Glory United Holdings to be Significantly Overvalued.
Key valuation signals for SGX:ZKX:
Net Current Asset Value: S$0.03 (100% below median its 10-year median of 7.80)
GF Value™: S$0.53 vs. price of S$0.85 (59.4% above fair value)
No single metric tells the full story. See the SGX:ZKX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ever Glory United Holdings Ltd is a Singapore-based investment holding company. Along with its subsidiaries, it mainly provides M&E engineering services, which include the supply and installation of air-conditioning and mechanical ventilation (ACMV) systems, electrical engineering systems, fire alarms and fire protection (FP) systems and plumbing, sanitary and gas (PSG) systems, the provision of integrated building services (IBS) etc. These services are offered in private and public sector projects. The Group is organised into two business segments as follows: M&E engineering services encompassing construction contracts, maintenance, and car park services; and the Property development segment relating to the development of properties. Geographically, it mainly operates in Singapore.
61GF Score
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