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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:920753's Price-to-Net-Current-Asset-Value is ranked worse than 66.61% of 620
companies
in the Business Services industry
Industry Median: 3.725
vs BJSE:920753: 6.39
Tianfangbiao Standardization Certification and Testing Co (BJSE:920753) 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.
Tianfangbiao Standardization Certification and Testing Co Net Current Asset Value Related Terms
Tianfangbiao Standardization Certification and Testing 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.
Tianfangbiao Standardization Certification and Testing Co Net Current Asset Value Chart
Tianfangbiao Standardization Certification and Testing Co Annual Data
BJSE:920753 vs CTAS, CPRT, GPN: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Tianfangbiao Standardization Certification and Testing 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.
Tianfangbiao Standardization Certification and Testing Co Price-to-Net-Current-Asset-Value vs Business Services Industry
* 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 ¥2.40 mean?
Tianfangbiao Standardization Certification and Testing Co (BJSE:920753) has a Net Current Asset Value of ¥2.40 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 Tianfangbiao Standardization Certification and Testing Co and its competitors. This is 77% below median its historical median of 10.59. Over the past decade, Tianfangbiao Standardization Certification and Testing Co's Net Current Asset Value has ranged from 2.67 to 16.90. According to the industry distribution chart, Tianfangbiao Standardization Certification and Testing Co ranks #413 out of 620 companies in the Business Services industry, placing it in the top 66.6%.
Is Tianfangbiao Standardization Certification and Testing Co's Net Current Asset Value too high?
Tianfangbiao Standardization Certification and Testing Co's current Net Current Asset Value of ¥2.40 is 77% below median its 10-year median of 10.59. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 16.90. Based on the distribution chart, Tianfangbiao Standardization Certification and Testing Co ranks #413 out of 620 companies in the Business Services industry, which is below the industry midpoint. Overall, Tianfangbiao Standardization Certification and Testing Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tianfangbiao Standardization Certification and Testing Co's Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Tianfangbiao Standardization Certification and Testing Co ranks #413 out of 620 companies for Net Current Asset Value. This places Tianfangbiao Standardization Certification and Testing Co in the lower half of its industry. The industry median Net Current Asset Value is 3.73. Historically, Tianfangbiao Standardization Certification and Testing Co's own Net Current Asset Value has ranged from 2.67 to 16.90 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.73, based on 620 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 Tianfangbiao Standardization Certification and Testing Co and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianfangbiao Standardization Certification and Testing Co's current Net Current Asset Value is ¥2.40, which is 77% below median its own 10-year median of 10.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianfangbiao Standardization Certification and Testing Co stock overvalued right now?
Based on GuruFocus' analysis, Tianfangbiao Standardization Certification and Testing Co (BJSE:920753) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥29.58, compared to a current price of ¥15.33 — trading 48.2% below its estimated fair value. The current Net Current Asset Value is ¥2.40, which is 77% below median its 10-year median of 10.59. Tianfangbiao Standardization Certification and Testing Co's overall GF Score™ is 70/100 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 Tianfangbiao Standardization Certification and Testing Co (BJSE:920753), the current Net Current Asset Value is ¥2.40 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 Tianfangbiao Standardization Certification and Testing Co (BJSE:920753) Overvalued in 2026?
Based on GuruFocus' analysis, Tianfangbiao Standardization Certification and Testing Co stock appears to be undervalued.
The current stock price of ¥15.33 is trading 48.2% below its estimated GF Value™ of ¥29.58.
GuruFocus considers Tianfangbiao Standardization Certification and Testing Co to be Significantly Undervalued.
Key valuation signals for BJSE:920753:
Net Current Asset Value: ¥2.40 (77% below median its 10-year median of 10.59)
GF Value™: ¥29.58 vs. price of ¥15.33 (48.2% below fair value)
No single metric tells the full story. See the BJSE:920753 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianfangbiao Standardization Certification and Testing Co Ltd engages in testing and inspection services for consumer goods, medical devices, and industrial products. Its services comprise Product quality testing and certification services; technical consultation and technical services for textile testing and testing standards; development, consulting, service, transfer, and standard formulation of product quality testing technologies; development, sales, appraisal, and leasing of testing equipment; entrusted testing of product quality.
70GF Score
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