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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).
The historical rank and industry rank for Shanxi Dayu Biological Functions Co's Net Current Asset Value or its related term are showing as below:
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shanxi Dayu Biological Functions Co was 25.17. The lowest was 4.16. And the median was 10.65.
BJSE:920970's Price-to-Net-Current-Asset-Value is not ranked *
in the Biotechnology industry.
Industry Median: 4.8 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Shanxi Dayu Biological Functions Co (BJSE:920970) 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.
Shanxi Dayu Biological Functions Co Net Current Asset Value Related Terms
Shanxi Dayu Biological Functions 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.
Shanxi Dayu Biological Functions Co Net Current Asset Value Chart
BJSE:920970 vs VRTX, REGN, MRNA: Net Current Asset Value Comparison
For the Biotechnology subindustry, Shanxi Dayu Biological Functions 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.
Shanxi Dayu Biological Functions Co Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Shanxi Dayu Biological Functions Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shanxi Dayu Biological Functions 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 ¥-1.10 mean?
Shanxi Dayu Biological Functions Co (BJSE:920970) has a Net Current Asset Value of ¥-1.10 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 Shanxi Dayu Biological Functions Co and its competitors. According to the industry distribution chart, Shanxi Dayu Biological Functions Co ranks #999999 out of 931 companies in the Biotechnology industry.
Is Shanxi Dayu Biological Functions Co's Net Current Asset Value too high?
Shanxi Dayu Biological Functions Co's current Net Current Asset Value is ¥-1.10. Based on the distribution chart, Shanxi Dayu Biological Functions Co ranks #999999 out of 931 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Shanxi Dayu Biological Functions Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanxi Dayu Biological Functions Co's Net Current Asset Value compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Shanxi Dayu Biological Functions Co ranks #999999 out of 931 companies for Net Current Asset Value. This places Shanxi Dayu Biological Functions Co in the lower half of its industry. The industry median Net Current Asset Value is 4.80. 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.80, based on 931 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 Shanxi Dayu Biological Functions Co and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Dayu Biological Functions Co's current Net Current Asset Value is ¥-1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Dayu Biological Functions Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Dayu Biological Functions Co (BJSE:920970) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.30, compared to a current price of ¥6.69 — trading 8.4% below its estimated fair value. The current Net Current Asset Value is ¥-1.10. Shanxi Dayu Biological Functions Co's overall GF Score™ is 66/100 with 8 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 Shanxi Dayu Biological Functions Co (BJSE:920970), the current Net Current Asset Value is ¥-1.10 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 Shanxi Dayu Biological Functions Co (BJSE:920970) Overvalued in 2026?
Based on GuruFocus' analysis, Shanxi Dayu Biological Functions Co stock appears to be undervalued.
The current stock price of ¥6.69 is trading 8.4% below its estimated GF Value™ of ¥7.30.
GuruFocus considers Shanxi Dayu Biological Functions Co to be Fairly Valued.
Key valuation signals for BJSE:920970:
Net Current Asset Value: ¥-1.10
GF Value™: ¥7.30 vs. price of ¥6.69 (8.4% below fair value)
No single metric tells the full story. See the BJSE:920970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanxi Dayu Biological Functions Co Ltd engages in the research and development of bioengineering technology and product application. Its main products are probiotics, enzyme preparations, fermented traditional Chinese medicine, biological preparations, and veterinary preparations.
66GF Score
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