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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).
Cheerwin Group's net current asset value per share for the quarter that ended in Dec. 2025 was €0.22.
The historical rank and industry rank for Cheerwin Group's Net Current Asset Value or its related term are showing as below:
FRA:1RQ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.81 Med: 0.91 Max: 1.38
Current: 1.12
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cheerwin Group was 1.38. The lowest was 0.81. And the median was 0.91.
FRA:1RQ's Price-to-Net-Current-Asset-Value is ranked better than 89.16% of 1042
companies
in the Consumer Packaged Goods industry
Industry Median: 4.145
vs FRA:1RQ: 1.12
Cheerwin Group (FRA:1RQ) 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.
Cheerwin Group Net Current Asset Value Related Terms
Cheerwin Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Cheerwin Group's Net Current Asset Value can be seen below:
* 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.
FRA:1RQ vs PG, CL, KVUE: Net Current Asset Value Comparison
For the Household & Personal Products subindustry, Cheerwin Group'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.
Cheerwin Group Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cheerwin Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cheerwin Group'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 €0.22 mean?
Cheerwin Group (FRA:1RQ) has a Net Current Asset Value of €0.22 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Cheerwin Group and its competitors. According to the industry distribution chart, Cheerwin Group ranks #113 out of 1042 companies in the Consumer Packaged Goods industry, placing it in the top 10.8%.
Is Cheerwin Group's Net Current Asset Value too high?
Cheerwin Group's current Net Current Asset Value is €0.22. Based on the distribution chart, Cheerwin Group ranks #113 out of 1042 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Cheerwin Group has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Cheerwin Group's Net Current Asset Value compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Cheerwin Group ranks #113 out of 1042 companies for Net Current Asset Value. This places Cheerwin Group in the top 11% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.15. 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.15, based on 1,042 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 Cheerwin Group and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheerwin Group's current Net Current Asset Value is €0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheerwin Group stock overvalued right now?
Cheerwin Group (FRA:1RQ) has a current Net Current Asset Value of €0.22. The stock's GF Value™ is €0.28, compared to a current price of €0.24 — trading 15.7% below its estimated fair value. The current Net Current Asset Value is €0.22. Cheerwin Group'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 Cheerwin Group (FRA:1RQ), the current Net Current Asset Value is €0.22 as of Dec. 2025. 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 Cheerwin Group (FRA:1RQ) Overvalued in 2026?
Based on GuruFocus' analysis, Cheerwin Group stock appears to be undervalued.
The current stock price of €0.24 is trading 15.7% below its estimated GF Value™ of €0.28.
Key valuation signals for FRA:1RQ:
Net Current Asset Value: €0.22
GF Value™: €0.28 vs. price of €0.24 (15.7% below fair value)
No single metric tells the full story. See the FRA:1RQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheerwin Group Ltd is an investment holding company. It is mainly engaged in the manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in China. The company's revenue is geographically derived from the PRC.
90GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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