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Springview HoldingsSPHL -3.56%18 Net Current Asset Value is $2.94 as of Dec. 2025, which is 69% below its 10-year median of 9.43. GuruFocus rates SPHL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 71 Homebuilding & Construction companies, Springview Holdings ranks better than 73.24% 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).
Springview Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was $2.94.
The historical rank and industry rank for Springview Holdings's Net Current Asset Value or its related term are showing as below:
SPHL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.71 Med: 9.43 Max: 18.15
Current: 0.93
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Springview Holdings was 18.15. The lowest was 0.71. And the median was 9.43.
SPHL's Price-to-Net-Current-Asset-Value is ranked better than 73.24% of 71
companies
in the Homebuilding & Construction industry
Industry Median: 1.5
vs SPHL: 0.93
Springview Holdings (NAS:SPHL) 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.
Springview Holdings Net Current Asset Value Related Terms
Springview Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Springview Holdings'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.
SPHL vs DREM, BDCC, DHI: Net Current Asset Value Comparison
For the Residential Construction subindustry, Springview 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.
Springview Holdings Price-to-Net-Current-Asset-Value vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Springview Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Springview 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 $2.94 mean?
Springview Holdings (SPHL) has a Net Current Asset Value of $2.94 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 Springview Holdings and its competitors. This is 69% below median its historical median of 9.43. Over the past decade, Springview Holdings' Net Current Asset Value has ranged from 0.71 to 18.15. According to the industry distribution chart, Springview Holdings ranks #19 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 26.8%.
Is Springview Holdings' Net Current Asset Value too high?
Springview Holdings' current Net Current Asset Value of $2.94 is 69% below median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 18.15. The Homebuilding & Construction industry median Net Current Asset Value is 1.50. Springview Holdings' value of $2.94 is 96% above this industry median. Based on the distribution chart, Springview Holdings ranks #19 out of 71 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Springview Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Springview Holdings' Net Current Asset Value compare to DREM and BDCC?
According to the Homebuilding & Construction industry distribution chart, Springview Holdings ranks #19 out of 71 companies for Net Current Asset Value. This puts Springview Holdings in the upper half of its industry. The industry median Net Current Asset Value is 1.50. Springview Holdings' value of $2.94 is 96% above this benchmark. Historically, Springview Holdings' own Net Current Asset Value has ranged from 0.71 to 18.15 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 1.50, Springview Holdings has consistently been above 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 Homebuilding & Construction company?
The median Net Current Asset Value among Homebuilding & Construction companies is 1.50, based on 71 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. Springview Holdings's current Net Current Asset Value of $2.94 is 96% above 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 Springview Holdings and its competitors. For the Homebuilding & Construction industry, the median Net Current Asset Value is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Springview Holdings's current Net Current Asset Value is $2.94, which is 69% below median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Springview Holdings stock overvalued right now?
Springview Holdings (SPHL) has a current Net Current Asset Value of $2.94. The current Net Current Asset Value is $2.94, which is 69% below median its 10-year median of 9.43 and 96% above the Homebuilding & Construction industry median of 1.50. Springview Holdings' overall GF Score™ is 18/100 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 Springview Holdings (SPHL), the current Net Current Asset Value is $2.94 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.
Springview Holdings Ltd conducts its operations through its indirect wholly-owned subsidiary, which designs and constructs residential and commercial buildings in Singapore. It also provides four main types of work, including new construction, reconstruction, Additions and Alterations (A&A), and other general contracting services such as renovation and design consultation. The company operates and manages its business as a single segment in the development of construction projects. It derives maximum revenue from its Residential Customers.
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