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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).
The historical rank and industry rank for Hung Ching Developmentnstruction Co's Net Current Asset Value or its related term are showing as below:
TPE:2527'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.23 Med: 13.33 Max: 150.31
Current: 150.31
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hung Ching Developmentnstruction Co was 150.31. The lowest was 3.23. And the median was 13.33.
TPE:2527's Price-to-Net-Current-Asset-Value is ranked worse than 99.87% of 755
companies
in the Real Estate industry
Industry Median: 2.14
vs TPE:2527: 150.31
Hung Ching Developmentnstruction Co (TPE:2527) 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.
Hung Ching Developmentnstruction Co Net Current Asset Value Related Terms
Hung Ching Developmentnstruction Co 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.
Hung Ching Developmentnstruction Co Net Current Asset Value Chart
TPE:2527 vs CBRE, BEKE, JLL: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Hung Ching Developmentnstruction Co'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.
Hung Ching Developmentnstruction Co Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hung Ching Developmentnstruction Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hung Ching Developmentnstruction Co'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 NT$0.32 mean?
Hung Ching Developmentnstruction Co (TPE:2527) has a Net Current Asset Value of NT$0.32 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 Hung Ching Developmentnstruction Co and its competitors. This is 98% below median its historical median of 13.33. Over the past decade, Hung Ching Developmentnstruction Co's Net Current Asset Value has ranged from 3.23 to 150.31. According to the industry distribution chart, Hung Ching Developmentnstruction Co ranks #754 out of 755 companies in the Real Estate industry, placing it in the top 99.9%.
Is Hung Ching Developmentnstruction Co's Net Current Asset Value too high?
Hung Ching Developmentnstruction Co's current Net Current Asset Value of NT$0.32 is 98% below median its 10-year median of 13.33. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 150.31. Based on the distribution chart, Hung Ching Developmentnstruction Co ranks #754 out of 755 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Hung Ching Developmentnstruction Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hung Ching Developmentnstruction Co's Net Current Asset Value compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hung Ching Developmentnstruction Co ranks #754 out of 755 companies for Net Current Asset Value. This places Hung Ching Developmentnstruction Co in the lower half of its industry. The industry median Net Current Asset Value is 2.14. Historically, Hung Ching Developmentnstruction Co's own Net Current Asset Value has ranged from 3.23 to 150.31 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.14, based on 755 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 Hung Ching Developmentnstruction Co and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hung Ching Developmentnstruction Co's current Net Current Asset Value is NT$0.32, which is 98% below median its own 10-year median of 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hung Ching Developmentnstruction Co stock overvalued right now?
Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co (TPE:2527) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.09, compared to a current price of NT$48.10 — trading 494.6% above its estimated fair value. The current Net Current Asset Value is NT$0.32, which is 98% below median its 10-year median of 13.33. Hung Ching Developmentnstruction Co's overall GF Score™ is 55/100 with 16 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 Hung Ching Developmentnstruction Co (TPE:2527), the current Net Current Asset Value is NT$0.32 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 Hung Ching Developmentnstruction Co (TPE:2527) Overvalued in 2026?
Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co stock appears to be overvalued.
The current stock price of NT$48.10 is trading 494.6% above its estimated GF Value™ of NT$8.09.
GuruFocus considers Hung Ching Developmentnstruction Co to be Significantly Overvalued.
Key valuation signals for TPE:2527:
Net Current Asset Value: NT$0.32 (98% below median its 10-year median of 13.33)
GF Value™: NT$8.09 vs. price of NT$48.10 (494.6% above fair value)
No single metric tells the full story. See the TPE:2527 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hung Ching Developmentnstruction Co Business Description
Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in appointment of contractors to build public housing developments and commercial buildings for leasing and selling and in and management and investment of other relevant business. The company's reportable segments are as follows: i) Real estate development - sales of residential and commercial property and plant, ii) Construction - building of residential and commercial property and plant, iii) Lease - lease of investment property, and iv) Others - property management and related services for investment properties. The majority of revenue is derived from the Real estate development segment. It mainly operates in two geographical areas, Taiwan and China, with key revenue generated from Taiwan.
55GF Score
Get the complete analysis for TPE:2527
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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