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Kung Sing EngineeringTPE:5521 +0.99%72 Net Current Asset Value is NT$9.48 as of Dec. 2025, which is 100% below its 10-year median of 1.24. GuruFocus rates TPE:5521 with a GF Score™ of 72/100 and a GF Value™ of NT$16.63 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,063 Construction companies, Kung Sing Engineering ranks better than 85.98% 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).
Kung Sing Engineering's net current asset value per share for the quarter that ended in Dec. 2025 was NT$9.48.
The historical rank and industry rank for Kung Sing Engineering's Net Current Asset Value or its related term are showing as below:
TPE:5521'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.75 Med: 1.24 Max: 2.46
Current: 1.08
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kung Sing Engineering was 2.46. The lowest was 0.75. And the median was 1.24.
TPE:5521's Price-to-Net-Current-Asset-Value is ranked better than 85.98% of 1063
companies
in the Construction industry
Industry Median: 3.19
vs TPE:5521: 1.08
Kung Sing Engineering (TPE:5521) 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.
Kung Sing Engineering Net Current Asset Value Related Terms
Kung Sing Engineering Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kung Sing Engineering'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.
Kung Sing Engineering Net Current Asset Value Chart
TPE:5521 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kung Sing Engineering'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.
Kung Sing Engineering Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kung Sing Engineering's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kung Sing Engineering'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$9.48 mean?
Kung Sing Engineering (TPE:5521) has a Net Current Asset Value of NT$9.48 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 Kung Sing Engineering and its competitors. This is 665% above median its historical median of 1.24. Over the past decade, Kung Sing Engineering's Net Current Asset Value has ranged from 0.75 to 2.46. According to the industry distribution chart, Kung Sing Engineering ranks #149 out of 1063 companies in the Construction industry, placing it in the top 14%.
Is Kung Sing Engineering's Net Current Asset Value too high?
Kung Sing Engineering's current Net Current Asset Value of NT$9.48 is 665% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.46. Based on the distribution chart, Kung Sing Engineering ranks #149 out of 1063 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kung Sing Engineering has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kung Sing Engineering's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kung Sing Engineering ranks #149 out of 1063 companies for Net Current Asset Value. This places Kung Sing Engineering in the top 14% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.19. Historically, Kung Sing Engineering's own Net Current Asset Value has ranged from 0.75 to 2.46 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,063 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 Kung Sing Engineering and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kung Sing Engineering's current Net Current Asset Value is NT$9.48, which is 665% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kung Sing Engineering stock overvalued right now?
Based on GuruFocus' analysis, Kung Sing Engineering (TPE:5521) is currently considered Possible Value Trap. The stock's GF Value™ is NT$16.63, compared to a current price of NT$10.25 — trading 38.4% below its estimated fair value. The current Net Current Asset Value is NT$9.48, which is 665% above median its 10-year median of 1.24. Kung Sing Engineering's overall GF Score™ is 72/100 with 6 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 Kung Sing Engineering (TPE:5521), the current Net Current Asset Value is NT$9.48 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 Kung Sing Engineering (TPE:5521) Overvalued in 2026?
Based on GuruFocus' analysis, Kung Sing Engineering stock appears to be undervalued.
The current stock price of NT$10.25 is trading 38.4% below its estimated GF Value™ of NT$16.63.
GuruFocus considers Kung Sing Engineering to be Possible Value Trap.
Key valuation signals for TPE:5521:
Net Current Asset Value: NT$9.48 (665% above median its 10-year median of 1.24)
GF Value™: NT$16.63 vs. price of NT$10.25 (38.4% below fair value)
No single metric tells the full story. See the TPE:5521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kung Sing Engineering Corp is engaged in civil engineering and construction projects. It constructs highways, tunnels, bridges, mass transportation systems, schools, as well as residential and commercial buildings. The main business activities of the Company are the construction and repair of roads and bridges.
72GF Score
Get the complete analysis for TPE:5521
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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