Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
The industry rank for North Asia Strategic Holdings's Net-Net Working Capital or its related term are showing as below:
HKSE:08080's Price-to-Net-Net-Working-Capital is ranked better than 98.25% of 57
companies
in the Industrial Distribution industry
Industry Median: 6.93
vs HKSE:08080: 0.46
North Asia Strategic Holdings (HKSE:08080) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
North Asia Strategic Holdings Net-Net Working Capital Related Terms
North Asia Strategic Holdings Net-Net Working Capital 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.
North Asia Strategic Holdings Net-Net Working Capital Chart
HKSE:08080 vs GWW, FAST, FERG: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, North Asia Strategic Holdings's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.
North Asia Strategic Holdings Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, North Asia Strategic Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where North Asia Strategic Holdings's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of HK$0.82 mean?
North Asia Strategic Holdings (HKSE:08080) has a Net-Net Working Capital of HK$0.82 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on North Asia Strategic Holdings According to the industry distribution chart, North Asia Strategic Holdings ranks #1 out of 57 companies in the Industrial Distribution industry, placing it in the top 1.8%.
Is North Asia Strategic Holdings' Net-Net Working Capital too high?
North Asia Strategic Holdings' current Net-Net Working Capital is HK$0.82. Based on the distribution chart, North Asia Strategic Holdings ranks #1 out of 57 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, North Asia Strategic Holdings has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Asia Strategic Holdings' Net-Net Working Capital compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, North Asia Strategic Holdings ranks #1 out of 57 companies for Net-Net Working Capital. This places North Asia Strategic Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Industrial Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 6.93, based on 57 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on North Asia Strategic Holdings For the Industrial Distribution industry, the median Net-Net Working Capital is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Asia Strategic Holdings's current Net-Net Working Capital is HK$0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Asia Strategic Holdings stock overvalued right now?
Based on GuruFocus' analysis, North Asia Strategic Holdings (HKSE:08080) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.38 — trading 50% above its estimated fair value. The current Net-Net Working Capital is HK$0.82. North Asia Strategic Holdings' overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For North Asia Strategic Holdings (HKSE:08080), the current Net-Net Working Capital is HK$0.82 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 North Asia Strategic Holdings (HKSE:08080) Overvalued in 2026?
Based on GuruFocus' analysis, North Asia Strategic Holdings stock appears to be overvalued.
The current stock price of HK$0.38 is trading 50% above its estimated GF Value™ of HK$0.25.
GuruFocus considers North Asia Strategic Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08080:
Net-Net Working Capital: HK$0.82
GF Value™: HK$0.25 vs. price of HK$0.38 (50% above fair value)
No single metric tells the full story. See the HKSE:08080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Asia Strategic Holdings Ltd is an investment holding company. Through its subsidiaries, the company is engaged in the business segments of Hi-tech distribution and services operation, Lease operation and electronic payment solution. It derives maximum revenue from the Hi-tech distribution and services operation segment, which includes trading of surface mount technology (SMT) assembly equipment, machinery and spare parts and provision of related installation, training, repair and maintenance services for SMT assembly equipment. The Leasing operations involve the provision of finance to its customers via a wide array of assets under finance lease arrangements. The group's activities are principally carried out in Hong Kong, China and the rest of Asia.
52GF Score
Get the complete analysis for HKSE:08080
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08080 has been successfully added to your 
