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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:920931'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.49 Med: 16.94 Max: 36.06
Current: 22.24
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wuxi Dingbang Heat Exchange Equipment Co was 36.06. The lowest was 5.49. And the median was 16.94.
BJSE:920931's Price-to-Net-Current-Asset-Value is ranked worse than 87.9% of 2224
companies
in the Industrial Products industry
Industry Median: 5.275
vs BJSE:920931: 22.24
Wuxi Dingbang Heat Exchange Equipment Co (BJSE:920931) 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.
Wuxi Dingbang Heat Exchange Equipment Co Net Current Asset Value Related Terms
Wuxi Dingbang Heat Exchange Equipment 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.
Wuxi Dingbang Heat Exchange Equipment Co Net Current Asset Value Chart
Wuxi Dingbang Heat Exchange Equipment Co Annual Data
BJSE:920931 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Wuxi Dingbang Heat Exchange Equipment 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.
Wuxi Dingbang Heat Exchange Equipment Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wuxi Dingbang Heat Exchange Equipment Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wuxi Dingbang Heat Exchange Equipment 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 ¥0.49 mean?
Wuxi Dingbang Heat Exchange Equipment Co (BJSE:920931) has a Net Current Asset Value of ¥0.49 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 Wuxi Dingbang Heat Exchange Equipment Co and its competitors. According to the industry distribution chart, Wuxi Dingbang Heat Exchange Equipment Co ranks #1955 out of 2224 companies in the Industrial Products industry, placing it in the top 87.9%.
Is Wuxi Dingbang Heat Exchange Equipment Co's Net Current Asset Value too high?
Wuxi Dingbang Heat Exchange Equipment Co's current Net Current Asset Value is ¥0.49. Based on the distribution chart, Wuxi Dingbang Heat Exchange Equipment Co ranks #1955 out of 2224 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Wuxi Dingbang Heat Exchange Equipment Co has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Wuxi Dingbang Heat Exchange Equipment Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Wuxi Dingbang Heat Exchange Equipment Co ranks #1955 out of 2224 companies for Net Current Asset Value. This places Wuxi Dingbang Heat Exchange Equipment Co in the lower half of its industry. The industry median Net Current Asset Value is 5.28. 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 5.28, based on 2,224 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 Wuxi Dingbang Heat Exchange Equipment Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wuxi Dingbang Heat Exchange Equipment Co's current Net Current Asset Value is ¥0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxi Dingbang Heat Exchange Equipment Co stock overvalued right now?
Wuxi Dingbang Heat Exchange Equipment Co (BJSE:920931) has a current Net Current Asset Value of ¥0.49. The current Net Current Asset Value is ¥0.49. Wuxi Dingbang Heat Exchange Equipment Co's overall GF Score™ is 25/100 with 11 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 Wuxi Dingbang Heat Exchange Equipment Co (BJSE:920931), the current Net Current Asset Value is ¥0.49 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.
Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.
25GF Score
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