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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 Guolian Minsheng Securities Co's Net Current Asset Value or its related term are showing as below:
FRA:34V'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.58 Med: 1.47 Max: 3.85
Current: 1.41
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Guolian Minsheng Securities Co was 3.85. The lowest was 0.58. And the median was 1.47.
FRA:34V's Price-to-Net-Current-Asset-Value is ranked better than 72.87% of 494
companies
in the Capital Markets industry
Industry Median: 2.735
vs FRA:34V: 1.41
Guolian Minsheng Securities Co (FRA:34V) 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.
Guolian Minsheng Securities Co Net Current Asset Value Related Terms
Guolian Minsheng Securities 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.
Guolian Minsheng Securities Co Net Current Asset Value Chart
FRA:34V vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, Guolian Minsheng Securities 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.
Guolian Minsheng Securities Co Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Guolian Minsheng Securities Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Guolian Minsheng Securities 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 €0.29 mean?
Guolian Minsheng Securities Co (FRA:34V) has a Net Current Asset Value of €0.29 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 Guolian Minsheng Securities Co and its competitors. According to the industry distribution chart, Guolian Minsheng Securities Co ranks #134 out of 494 companies in the Capital Markets industry, placing it in the top 27.1%.
Is Guolian Minsheng Securities Co's Net Current Asset Value too high?
Guolian Minsheng Securities Co's current Net Current Asset Value is €0.29. Based on the distribution chart, Guolian Minsheng Securities Co ranks #134 out of 494 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Guolian Minsheng Securities Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guolian Minsheng Securities Co's Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, Guolian Minsheng Securities Co ranks #134 out of 494 companies for Net Current Asset Value. This puts Guolian Minsheng Securities Co in the upper half of its industry. The industry median Net Current Asset Value is 2.74. 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.74, based on 494 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 Guolian Minsheng Securities Co and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guolian Minsheng Securities Co's current Net Current Asset Value is €0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guolian Minsheng Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Guolian Minsheng Securities Co (FRA:34V) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.50, compared to a current price of €0.39 — trading 21.2% below its estimated fair value. The current Net Current Asset Value is €0.29. Guolian Minsheng Securities Co's overall GF Score™ is 59/100 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 Guolian Minsheng Securities Co (FRA:34V), the current Net Current Asset Value is €0.29 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 Guolian Minsheng Securities Co (FRA:34V) Overvalued in 2026?
Based on GuruFocus' analysis, Guolian Minsheng Securities Co stock appears to be undervalued.
The current stock price of €0.39 is trading 21.2% below its estimated GF Value™ of €0.50.
GuruFocus considers Guolian Minsheng Securities Co to be Modestly Undervalued.
Key valuation signals for FRA:34V:
Net Current Asset Value: €0.29
GF Value™: €0.50 vs. price of €0.39 (21.2% below fair value)
No single metric tells the full story. See the FRA:34V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guolian Minsheng Securities Co Ltd is a China-based financial institution. The company's operating segments include Brokerage and wealth management, Credit transactions, Investment banking, Proprietary trading, Asset management and investment, and Other businesses. It generates maximum revenue from the Brokerage and wealth management segment and the Proprietary trading segment. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation. The Proprietary trading segment includes trading in financial products.
59GF Score
Get the complete analysis for FRA:34V
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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