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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).
BJSE:920304'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.1 Med: 8.98 Max: 948
Current: 948
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shandong Huayang Dr Chemical Industry Co was 948.00. The lowest was 3.10. And the median was 8.98.
BJSE:920304's Price-to-Net-Current-Asset-Value is ranked worse than 99.39% of 164
companies
in the Agriculture industry
Industry Median: 3.695
vs BJSE:920304: 948.00
Shandong Huayang Dr Chemical Industry Co (BJSE:920304) 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.
Shandong Huayang Dr Chemical Industry Co Net Current Asset Value Related Terms
Shandong Huayang Dr Chemical Industry 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.
Shandong Huayang Dr Chemical Industry Co Net Current Asset Value Chart
Shandong Huayang Dr Chemical Industry Co Annual Data
BJSE:920304 vs CTVA, CF, MOS: Net Current Asset Value Comparison
For the Agricultural Inputs subindustry, Shandong Huayang Dr Chemical Industry 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.
Shandong Huayang Dr Chemical Industry Co Price-to-Net-Current-Asset-Value vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Shandong Huayang Dr Chemical Industry Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shandong Huayang Dr Chemical Industry Co'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 ¥0.01 mean?
Shandong Huayang Dr Chemical Industry Co (BJSE:920304) has a Net Current Asset Value of ¥0.01 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Shandong Huayang Dr Chemical Industry Co and its competitors. This is 100% below median its historical median of 8.98. Over the past decade, Shandong Huayang Dr Chemical Industry Co's Net Current Asset Value has ranged from 3.10 to 948.00. According to the industry distribution chart, Shandong Huayang Dr Chemical Industry Co ranks #163 out of 164 companies in the Agriculture industry, placing it in the top 99.4%.
Is Shandong Huayang Dr Chemical Industry Co's Net Current Asset Value too high?
Shandong Huayang Dr Chemical Industry Co's current Net Current Asset Value of ¥0.01 is 100% below median its 10-year median of 8.98. Over the past 10 years, this metric has ranged from a low of 3.10 to a high of 948.00. Based on the distribution chart, Shandong Huayang Dr Chemical Industry Co ranks #163 out of 164 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Shandong Huayang Dr Chemical Industry Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Huayang Dr Chemical Industry Co's Net Current Asset Value compare to CTVA and CF?
According to the Agriculture industry distribution chart, Shandong Huayang Dr Chemical Industry Co ranks #163 out of 164 companies for Net Current Asset Value. This places Shandong Huayang Dr Chemical Industry Co in the lower half of its industry. The industry median Net Current Asset Value is 3.70. Historically, Shandong Huayang Dr Chemical Industry Co's own Net Current Asset Value has ranged from 3.10 to 948.00 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 an Agriculture company?
The median Net Current Asset Value among Agriculture companies is 3.70, based on 164 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 Shandong Huayang Dr Chemical Industry Co and its competitors. For the Agriculture industry, the median Net Current Asset Value is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Huayang Dr Chemical Industry Co's current Net Current Asset Value is ¥0.01, which is 100% below median its own 10-year median of 8.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Huayang Dr Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Huayang Dr Chemical Industry Co (BJSE:920304) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥11.90, compared to a current price of ¥9.48 — trading 20.3% below its estimated fair value. The current Net Current Asset Value is ¥0.01, which is 100% below median its 10-year median of 8.98. Shandong Huayang Dr Chemical Industry Co's overall GF Score™ is 74/100 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 Shandong Huayang Dr Chemical Industry Co (BJSE:920304), the current Net Current Asset Value is ¥0.01 as of Jun. 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 Shandong Huayang Dr Chemical Industry Co (BJSE:920304) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Huayang Dr Chemical Industry Co stock appears to be undervalued.
The current stock price of ¥9.48 is trading 20.3% below its estimated GF Value™ of ¥11.90.
GuruFocus considers Shandong Huayang Dr Chemical Industry Co to be Modestly Undervalued.
Key valuation signals for BJSE:920304:
Net Current Asset Value: ¥0.01 (100% below median its 10-year median of 8.98)
GF Value™: ¥11.90 vs. price of ¥9.48 (20.3% below fair value)
No single metric tells the full story. See the BJSE:920304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Huayang Dr Chemical Industry Co Ltd engages in research and development, production, and sales of nitric acid and its downstream potassium nitrate, magnesium nitrate, nitro water-soluble fertilizer, and other products.
74GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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