Net current asset value discount

Is the stock's market capitalization below current assets less all liabilities?

Valuation VAL-017 Waterfall Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

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0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Net current asset value
0.8 x
Lowest item: Total liabilities
-0.22 x
Average
0.24 x
Number of items
4 items

NCAV bridge

Market capitalization / net current asset value (x) (Waterfall)

Market capitalization discount

Net current assets (million) (Bar)

Current asset quality

Market capitalization / net current asset value (x) and Net current assets (million) (Table)

Sample data rows

Value itemsMarket capitalization / net current asset value (x)Net current assets (million)Data date (sample)
Current assets 0.38 -1355 2026-10-16
Total liabilities -0.22 -394 2026-10-16
Net current asset value 0.8 -834 2026-10-16
Equity market cap -0.01 -146 2026-10-16
Total 0.95 -2729 2026-10-16