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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).
Shandong Wantong Hydraulic Co's net current asset value per share for the quarter that ended in Jun. 2026 was ¥3.74.
The historical rank and industry rank for Shandong Wantong Hydraulic Co's Net Current Asset Value or its related term are showing as below:
BJSE:920839'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.86 Med: 4.35 Max: 12.29
Current: 6.78
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shandong Wantong Hydraulic Co was 12.29. The lowest was 2.86. And the median was 4.35.
BJSE:920839's Price-to-Net-Current-Asset-Value is ranked worse than 58.32% of 2229
companies
in the Industrial Products industry
Industry Median: 5.31
vs BJSE:920839: 6.78
Shandong Wantong Hydraulic Co (BJSE:920839) 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 Wantong Hydraulic Co Net Current Asset Value Related Terms
Shandong Wantong Hydraulic 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 Wantong Hydraulic Co Net Current Asset Value Chart
BJSE:920839 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Shandong Wantong Hydraulic 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 Wantong Hydraulic Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shandong Wantong Hydraulic Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shandong Wantong Hydraulic 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 ¥3.74 mean?
Shandong Wantong Hydraulic Co (BJSE:920839) has a Net Current Asset Value of ¥3.74 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 Wantong Hydraulic Co and its competitors. According to the industry distribution chart, Shandong Wantong Hydraulic Co ranks #1300 out of 2229 companies in the Industrial Products industry, placing it in the top 58.3%.
Is Shandong Wantong Hydraulic Co's Net Current Asset Value too high?
Shandong Wantong Hydraulic Co's current Net Current Asset Value is ¥3.74. Based on the distribution chart, Shandong Wantong Hydraulic Co ranks #1300 out of 2229 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shandong Wantong Hydraulic Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shandong Wantong Hydraulic Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shandong Wantong Hydraulic Co ranks #1300 out of 2229 companies for Net Current Asset Value. This places Shandong Wantong Hydraulic Co in the lower half of its industry. The industry median Net Current Asset Value is 5.31. 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.31, based on 2,229 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 Wantong Hydraulic Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Wantong Hydraulic Co's current Net Current Asset Value is ¥3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Wantong Hydraulic Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Wantong Hydraulic Co (BJSE:920839) is currently considered Fairly Valued. The stock's GF Value™ is ¥25.41, compared to a current price of ¥25.35 — trading 0.2% below its estimated fair value. The current Net Current Asset Value is ¥3.74. Shandong Wantong Hydraulic Co's overall GF Score™ is 90/100 with 1 warning sign 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 Wantong Hydraulic Co (BJSE:920839), the current Net Current Asset Value is ¥3.74 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 Wantong Hydraulic Co (BJSE:920839) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Wantong Hydraulic Co stock appears to be undervalued.
The current stock price of ¥25.35 is trading 0.2% below its estimated GF Value™ of ¥25.41.
GuruFocus considers Shandong Wantong Hydraulic Co to be Fairly Valued.
Key valuation signals for BJSE:920839:
Net Current Asset Value: ¥3.74
GF Value™: ¥25.41 vs. price of ¥25.35 (0.2% below fair value)
No single metric tells the full story. See the BJSE:920839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Wantong Hydraulic Co Ltd engages in research and development, manufacturing, and sales of hydraulic cylinders, mainly producing automobile hydraulic cylinders and mining hydraulic cylinders. Its product offerings comprise Piston cylinders, Telescopic cylinders, Tie rod cylinders, Side tipper cylinders, Excavator hydraulic cylinders, and Suspension cylinders.
90GF Score
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