Swire PropertiesSWPFF 64 Net Current Asset Value is $-1.21 as of Dec. 2025. GuruFocus rates SWPFF with a GF Score™ of 64/100 and a GF Value™ of $2.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 757 Real Estate companies, Swire Properties ranks worse than 132100.26% 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).
Swire Properties's net current asset value per share for the quarter that ended in Dec. 2025 was $-1.21.
The historical rank and industry rank for Swire Properties's Net Current Asset Value or its related term are showing as below:
SWPFF's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.12 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Swire Properties (OTCPK:SWPFF) 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.
Swire Properties Net Current Asset Value Related Terms
Swire Properties Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Swire Properties'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.
SWPFF vs CBRE, BEKE, CSGP: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Swire Properties'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.
Swire Properties Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Swire Properties's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Swire Properties'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 $-1.21 mean?
Swire Properties (SWPFF) has a Net Current Asset Value of $-1.21 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 Swire Properties and its competitors. According to the industry distribution chart, Swire Properties ranks #999999 out of 757 companies in the Real Estate industry.
Is Swire Properties' Net Current Asset Value too high?
Swire Properties' current Net Current Asset Value is $-1.21. Based on the distribution chart, Swire Properties ranks #999999 out of 757 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Swire Properties has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' Net Current Asset Value compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swire Properties ranks #999999 out of 757 companies for Net Current Asset Value. This places Swire Properties in the lower half of its industry. The industry median Net Current Asset Value is 2.12. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.12, based on 757 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 Swire Properties and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swire Properties's current Net Current Asset Value is $-1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (SWPFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.47, compared to a current price of $2.60 — trading 5.3% above its estimated fair value. The current Net Current Asset Value is $-1.21. Swire Properties' overall GF Score™ is 64/100 with 5 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 Swire Properties (SWPFF), the current Net Current Asset Value is $-1.21 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 Swire Properties (SWPFF) Overvalued in 2026?
Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued.
The current stock price of $2.60 is trading 5.3% above its estimated GF Value™ of $2.47.
GuruFocus considers Swire Properties to be Fairly Valued.
Key valuation signals for SWPFF:
Net Current Asset Value: $-1.21
GF Value™: $2.47 vs. price of $2.60 (5.3% above fair value)
No single metric tells the full story. See the SWPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
64GF Score
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