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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:920592'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.61 Med: 11.2 Max: 17.39
Current: 6.96
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hi-Think Yondervision (Beijing) Tech Co was 17.39. The lowest was 2.61. And the median was 11.20.
BJSE:920592's Price-to-Net-Current-Asset-Value is ranked worse than 62.33% of 1752
companies
in the Software industry
Industry Median: 5.04
vs BJSE:920592: 6.96
Hi-Think Yondervision (Beijing) Tech Co (BJSE:920592) 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.
Hi-Think Yondervision (Beijing) Tech Co Net Current Asset Value Related Terms
Hi-Think Yondervision (Beijing) Tech 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.
Hi-Think Yondervision (Beijing) Tech Co Net Current Asset Value Chart
Hi-Think Yondervision (Beijing) Tech Co Annual Data
BJSE:920592 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Hi-Think Yondervision (Beijing) Tech 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.
Hi-Think Yondervision (Beijing) Tech Co Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Hi-Think Yondervision (Beijing) Tech Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hi-Think Yondervision (Beijing) Tech 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 ¥2.94 mean?
Hi-Think Yondervision (Beijing) Tech Co (BJSE:920592) has a Net Current Asset Value of ¥2.94 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hi-Think Yondervision (Beijing) Tech Co and its competitors. This is 74% below median its historical median of 11.20. Over the past decade, Hi-Think Yondervision (Beijing) Tech Co's Net Current Asset Value has ranged from 2.61 to 17.39. According to the industry distribution chart, Hi-Think Yondervision (Beijing) Tech Co ranks #1092 out of 1752 companies in the Software industry, placing it in the top 62.3%.
Is Hi-Think Yondervision (Beijing) Tech Co's Net Current Asset Value too high?
Hi-Think Yondervision (Beijing) Tech Co's current Net Current Asset Value of ¥2.94 is 74% below median its 10-year median of 11.20. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 17.39. Based on the distribution chart, Hi-Think Yondervision (Beijing) Tech Co ranks #1092 out of 1752 companies in the Software industry, which is below the industry midpoint. Overall, Hi-Think Yondervision (Beijing) Tech Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Think Yondervision (Beijing) Tech Co's Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Hi-Think Yondervision (Beijing) Tech Co ranks #1092 out of 1752 companies for Net Current Asset Value. This places Hi-Think Yondervision (Beijing) Tech Co in the lower half of its industry. The industry median Net Current Asset Value is 5.04. Historically, Hi-Think Yondervision (Beijing) Tech Co's own Net Current Asset Value has ranged from 2.61 to 17.39 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 a Software company?
The median Net Current Asset Value among Software companies is 5.04, based on 1,752 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 Hi-Think Yondervision (Beijing) Tech Co and its competitors. For the Software industry, the median Net Current Asset Value is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Think Yondervision (Beijing) Tech Co's current Net Current Asset Value is ¥2.94, which is 74% below median its own 10-year median of 11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Think Yondervision (Beijing) Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Hi-Think Yondervision (Beijing) Tech Co (BJSE:920592) is currently considered Possible Value Trap. The stock's GF Value™ is ¥30.67, compared to a current price of ¥20.47 — trading 33.3% below its estimated fair value. The current Net Current Asset Value is ¥2.94, which is 74% below median its 10-year median of 11.20. Hi-Think Yondervision (Beijing) Tech Co's overall GF Score™ is 74/100 with 4 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 Hi-Think Yondervision (Beijing) Tech Co (BJSE:920592), the current Net Current Asset Value is ¥2.94 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 Hi-Think Yondervision (Beijing) Tech Co (BJSE:920592) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Think Yondervision (Beijing) Tech Co stock appears to be undervalued.
The current stock price of ¥20.47 is trading 33.3% below its estimated GF Value™ of ¥30.67.
GuruFocus considers Hi-Think Yondervision (Beijing) Tech Co to be Possible Value Trap.
Key valuation signals for BJSE:920592:
Net Current Asset Value: ¥2.94 (74% below median its 10-year median of 11.20)
GF Value™: ¥30.67 vs. price of ¥20.47 (33.3% below fair value)
No single metric tells the full story. See the BJSE:920592 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Think Yondervision (Beijing) Tech Co Ltd is a provider of digital solutions for housing provident funds and banking And service operators, providing housing provident fund management agencies and banks across the country with information system-related software customization development, maintenance services, third-party product sales and integration, outsourcing services and other services across multiple scenarios. At present, the company's business mainly includes five sectors: digital provident fund, digital port, digital financial services, service outsourcing, and data intelligence services. It has always focused on the field of housing finance, providing high-quality software products and digital services for housing provident fund management institutions across the country.
74GF Score
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