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).
STC:VCG's Price-to-Net-Current-Asset-Value is ranked better than 57.53% of 219
companies
in the Conglomerates industry
Industry Median: 4.07
vs STC:VCG: 3.23
Vietnam Construction and Import-Export Joint Stock (STC:VCG) 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.
Vietnam Construction and Import-Export Joint Stock Net Current Asset Value Related Terms
Vietnam Construction and Import-Export Joint Stock 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.
Vietnam Construction and Import-Export Joint Stock Net Current Asset Value Chart
Vietnam Construction and Import-Export Joint Stock Annual Data
STC:VCG vs HON, MMM: Net Current Asset Value Comparison
For the Conglomerates subindustry, Vietnam Construction and Import-Export Joint Stock'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.
Vietnam Construction and Import-Export Joint Stock Price-to-Net-Current-Asset-Value vs Conglomerates Industry
* 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 ₫5,615.39 mean?
Vietnam Construction and Import-Export Joint Stock (STC:VCG) has a Net Current Asset Value of ₫5,615.39 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Vietnam Construction and Import-Export Joint Stock and its competitors. This is 142062% above median its historical median of 3.95. Over the past decade, Vietnam Construction and Import-Export Joint Stock's Net Current Asset Value has ranged from 3.23 to 79.00. According to the industry distribution chart, Vietnam Construction and Import-Export Joint Stock ranks #93 out of 219 companies in the Conglomerates industry, placing it in the top 42.5%.
Is Vietnam Construction and Import-Export Joint Stock's Net Current Asset Value too high?
Vietnam Construction and Import-Export Joint Stock's current Net Current Asset Value of ₫5,615.39 is 142062% above median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 79.00. Based on the distribution chart, Vietnam Construction and Import-Export Joint Stock ranks #93 out of 219 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Vietnam Construction and Import-Export Joint Stock has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Construction and Import-Export Joint Stock's Net Current Asset Value compare to HON and MMM?
According to the Conglomerates industry distribution chart, Vietnam Construction and Import-Export Joint Stock ranks #93 out of 219 companies for Net Current Asset Value. This puts Vietnam Construction and Import-Export Joint Stock in the upper half of its industry. The industry median Net Current Asset Value is 4.07. Historically, Vietnam Construction and Import-Export Joint Stock's own Net Current Asset Value has ranged from 3.23 to 79.00 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 Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.07, based on 219 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 Vietnam Construction and Import-Export Joint Stock and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam Construction and Import-Export Joint Stock's current Net Current Asset Value is ₫5,615.39, which is 142062% above median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Construction and Import-Export Joint Stock stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Construction and Import-Export Joint Stock (STC:VCG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫25,546.47, compared to a current price of ₫18,148.15 — trading 29% below its estimated fair value. The current Net Current Asset Value is ₫5,615.39, which is 142062% above median its 10-year median of 3.95. Vietnam Construction and Import-Export Joint Stock's overall GF Score™ is 91/100 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 Vietnam Construction and Import-Export Joint Stock (STC:VCG), the current Net Current Asset Value is ₫5,615.39 as of Mar. 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 Vietnam Construction and Import-Export Joint Stock (STC:VCG) Overvalued in 2026?
Based on GuruFocus' analysis, Vietnam Construction and Import-Export Joint Stock stock appears to be undervalued.
The current stock price of ₫18,148.15 is trading 29% below its estimated GF Value™ of ₫25,546.47.
GuruFocus considers Vietnam Construction and Import-Export Joint Stock to be Modestly Undervalued.
Key valuation signals for STC:VCG:
Net Current Asset Value: ₫5,615.39 (142062% above median its 10-year median of 3.95)
GF Value™: ₫25,546.47 vs. price of ₫18,148.15 (29% below fair value)
No single metric tells the full story. See the STC:VCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vietnam Construction and Import-Export Joint Stock Business Description
Vietnam Construction and Import-Export Joint Stock Corp is engaged in investing and trading real estate properties, construction of civil and industrial works, traffic and irrigation works, investing and trading infrastructure related services and other services. The company's segment includes: Construction services; Sale of real estate properties; Industrial production (comprises electric, water and concrete, stone production); and Trading, education services and other services. The firm generates key revenue from Construction services segment.
91GF 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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