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San Miguel Brewery Hong KongSMGLF 51 Net Current Asset Value is $0.11 as of Dec. 2025, which is 96% below its 10-year median of 2.78. GuruFocus rates SMGLF with a GF Score™ of 51/100 and a GF Value™ of $0.14. The stock has 1 warning sign investors should review. Among 117 Beverages - Alcoholic companies, San Miguel Brewery Hong Kong ranks better than 90.6% 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).
San Miguel Brewery Hong Kong's net current asset value per share for the quarter that ended in Dec. 2025 was $0.11.
The historical rank and industry rank for San Miguel Brewery Hong Kong's Net Current Asset Value or its related term are showing as below:
SMGLF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.24 Med: 2.78 Max: 15.38
Current: 1.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of San Miguel Brewery Hong Kong was 15.38. The lowest was 1.24. And the median was 2.78.
SMGLF's Price-to-Net-Current-Asset-Value is ranked better than 90.6% of 117
companies
in the Beverages - Alcoholic industry
Industry Median: 5.29
vs SMGLF: 1.42
San Miguel Brewery Hong Kong (OTCPK:SMGLF) 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.
San Miguel Brewery Hong Kong Net Current Asset Value Related Terms
San Miguel Brewery Hong Kong 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.
San Miguel Brewery Hong Kong Net Current Asset Value Chart
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong'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 $0.11 mean?
San Miguel Brewery Hong Kong (SMGLF) has a Net Current Asset Value of $0.11 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 San Miguel Brewery Hong Kong and its competitors. This is 96% below median its historical median of 2.78. Over the past decade, San Miguel Brewery Hong Kong's Net Current Asset Value has ranged from 1.24 to 15.38. According to the industry distribution chart, San Miguel Brewery Hong Kong ranks #11 out of 117 companies in the Beverages - Alcoholic industry, placing it in the top 9.4%.
Is San Miguel Brewery Hong Kong's Net Current Asset Value too high?
San Miguel Brewery Hong Kong's current Net Current Asset Value of $0.11 is 96% below median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 15.38. The Beverages - Alcoholic industry median Net Current Asset Value is 5.29. San Miguel Brewery Hong Kong's value of $0.11 is 97.9% below this industry median. Based on the distribution chart, San Miguel Brewery Hong Kong ranks #11 out of 117 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, San Miguel Brewery Hong Kong has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does San Miguel Brewery Hong Kong's Net Current Asset Value compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, San Miguel Brewery Hong Kong ranks #11 out of 117 companies for Net Current Asset Value. This places San Miguel Brewery Hong Kong in the top 9% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.29. San Miguel Brewery Hong Kong's value of $0.11 is 97.9% below this benchmark. Historically, San Miguel Brewery Hong Kong's own Net Current Asset Value has ranged from 1.24 to 15.38 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 5.29, San Miguel Brewery Hong Kong has consistently been below the industry average. 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 Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.29, based on 117 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. San Miguel Brewery Hong Kong's current Net Current Asset Value of $0.11 is 97.9% below the industry median. 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 San Miguel Brewery Hong Kong and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel Brewery Hong Kong's current Net Current Asset Value is $0.11, which is 96% below median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Brewery Hong Kong stock overvalued right now?
San Miguel Brewery Hong Kong (SMGLF) has a current Net Current Asset Value of $0.11. The stock's GF Value™ is $0.14, compared to a current price of $0.17 — trading 21.4% above its estimated fair value. The current Net Current Asset Value is $0.11, which is 96% below median its 10-year median of 2.78 and 97.9% below the Beverages - Alcoholic industry median of 5.29. San Miguel Brewery Hong Kong's overall GF Score™ is 51/100 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 San Miguel Brewery Hong Kong (SMGLF), the current Net Current Asset Value is $0.11 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 San Miguel Brewery Hong Kong (SMGLF) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong stock appears to be overvalued.
The current stock price of $0.17 is trading 21.4% above its estimated GF Value™ of $0.14.
Key valuation signals for SMGLF:
Net Current Asset Value: $0.11 (96% below median its 10-year median of 2.78)
GF Value™: $0.14 vs. price of $0.17 (21.4% above fair value)
Industry Position: 97.9% below the Beverages - Alcoholic median (#11 of 117)
No single metric tells the full story. See the SMGLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned, and draught beers. Its two reportable segments are: The Hong Kong operations comprise the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas; and The Mainland China operations comprise the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
51GF Score
Get the complete analysis for SMGLF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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