What is Asia-Pac Financial Investment Co Net Current Asset Value?
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 Asia-Pac Financial Investment Co's Net Current Asset Value or its related term are showing as below:
HKSE:08193'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.48 Med: 1.78 Max: 16.27
Current: 0.52
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Asia-Pac Financial Investment Co was 16.27. The lowest was 0.48. And the median was 1.78.
HKSE:08193's Price-to-Net-Current-Asset-Value is ranked better than 92.69% of 465
companies
in the Capital Markets industry
Industry Median: 3.19
vs HKSE:08193: 0.52
Asia-Pac Financial Investment 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.
* Premium members only.
Asia-Pac Financial Investment Co Net Current Asset Value Chart
Competitive Comparison of Asia-Pac Financial Investment Co's Net Current Asset Value
For the Capital Markets subindustry, Asia-Pac Financial Investment 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.
Asia-Pac Financial Investment Co's Price-to-Net-Current-Asset-Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Asia-Pac Financial Investment Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asia-Pac Financial Investment Co's Price-to-Net-Current-Asset-Value falls into.
Asia-Pac Financial Investment Co Net Current Asset Value Calculation
Asia-Pac Financial Investment Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Asia-Pac Financial Investment Co (HKSE:08193) 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.
Asia-Pac Financial Investment Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Asia-Pac Financial Investment Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Asia-Pac Financial Investment Co (HKSE:08193) Business Description
Asia-Pac Financial Investment Co Ltd is a Hong Kong-based company with four reporting segments. The asset advisory services and asset appraisal segment offers asset appraisal and advisory services for a wide range of asset classes, and it contributes the majority of revenue. The corporate services and consultancy segment offers advice to corporations in a wide range of areas, such as corporate governance and enterprise risk management. The media advertising segment offers media advertising business services. The financial services segment comprises financial credit services, trading and exchanging services, and consultancy or agency services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:08193 has been successfully added to your 