Ming Shing Group HoldingsPMA +21.80%17 Net-Net Working Capital is $-0.65 as of Sep. 2025. GuruFocus rates PMA with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 485 Construction companies, Ming Shing Group Holdings ranks worse than 206185.36% on this metric.
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.
Ming Shing Group Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2025 was $-0.65.
The industry rank for Ming Shing Group Holdings's Net-Net Working Capital or its related term are showing as below:
PMA's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.4 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ming Shing Group Holdings (NAS:PMA) 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.
Ming Shing Group Holdings Net-Net Working Capital Related Terms
Ming Shing Group Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ming Shing Group Holdings's Net-Net Working Capital 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.
Ming Shing Group Holdings Net-Net Working Capital Chart
PMA vs ONEG, ZDAI, SKK: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Ming Shing Group 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.
Ming Shing Group Holdings Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Ming Shing Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ming Shing Group 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 $-0.65 mean?
Ming Shing Group Holdings (PMA) has a Net-Net Working Capital of $-0.65 as of Sep. 2025. 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 Ming Shing Group Holdings According to the industry distribution chart, Ming Shing Group Holdings ranks #999999 out of 485 companies in the Construction industry.
Is Ming Shing Group Holdings' Net-Net Working Capital too high?
Ming Shing Group Holdings' current Net-Net Working Capital is $-0.65. Based on the distribution chart, Ming Shing Group Holdings ranks #999999 out of 485 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ming Shing Group Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ming Shing Group Holdings' Net-Net Working Capital compare to ONEG and ZDAI?
According to the Construction industry distribution chart, Ming Shing Group Holdings ranks #999999 out of 485 companies for Net-Net Working Capital. This places Ming Shing Group Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.40. 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 a Construction company?
The median Net-Net Working Capital among Construction companies is 6.40, based on 485 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 Ming Shing Group Holdings For the Construction industry, the median Net-Net Working Capital is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ming Shing Group Holdings's current Net-Net Working Capital is $-0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Shing Group Holdings stock overvalued right now?
Ming Shing Group Holdings (PMA) has a current Net-Net Working Capital of $-0.65. The current Net-Net Working Capital is $-0.65. Ming Shing Group Holdings' overall GF Score™ is 17/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Ming Shing Group Holdings (PMA), the current Net-Net Working Capital is $-0.65 as of Sep. 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.
Ming Shing Group Holdings Ltd is a holding company, which is principally operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects. It derives maximum revenue from Private sector.
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