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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).
XJ International Holdings Co's net current asset value per share for the quarter that ended in Feb. 2026 was €-0.06.
The historical rank and industry rank for XJ International Holdings Co's Net Current Asset Value or its related term are showing as below:
FRA:HE1's Price-to-Net-Current-Asset-Value is not ranked *
in the Education industry.
Industry Median: 4.88 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
XJ International Holdings Co (FRA:HE1) 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.
XJ International Holdings Co Net Current Asset Value Related Terms
XJ International Holdings 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.
XJ International Holdings Co Net Current Asset Value Chart
FRA:HE1 vs EDU, TAL, LAUR: Net Current Asset Value Comparison
For the Education & Training Services subindustry, XJ International Holdings 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.
XJ International Holdings Co Price-to-Net-Current-Asset-Value vs Education Industry
For the Education industry and Consumer Defensive sector, XJ International Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where XJ International Holdings 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 €-0.06 mean?
XJ International Holdings Co (FRA:HE1) has a Net Current Asset Value of €-0.06 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on XJ International Holdings Co and its competitors. According to the industry distribution chart, XJ International Holdings Co ranks #999999 out of 119 companies in the Education industry.
Is XJ International Holdings Co's Net Current Asset Value too high?
XJ International Holdings Co's current Net Current Asset Value is €-0.06. Based on the distribution chart, XJ International Holdings Co ranks #999999 out of 119 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, XJ International Holdings Co has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does XJ International Holdings Co's Net Current Asset Value compare to EDU and TAL?
According to the Education industry distribution chart, XJ International Holdings Co ranks #999999 out of 119 companies for Net Current Asset Value. This places XJ International Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.88. 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 Education company?
The median Net Current Asset Value among Education companies is 4.88, based on 119 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 XJ International Holdings Co and its competitors. For the Education industry, the median Net Current Asset Value is 4.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XJ International Holdings Co's current Net Current Asset Value is €-0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XJ International Holdings Co stock overvalued right now?
XJ International Holdings Co (FRA:HE1) has a current Net Current Asset Value of €-0.06. The stock's GF Value™ is €0.03, compared to a current price of €0.02 — trading 43.3% below its estimated fair value. The current Net Current Asset Value is €-0.06. XJ International Holdings Co's overall GF Score™ is 54/100 with 5 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 XJ International Holdings Co (FRA:HE1), the current Net Current Asset Value is €-0.06 as of Feb. 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 XJ International Holdings Co (FRA:HE1) Overvalued in 2026?
Based on GuruFocus' analysis, XJ International Holdings Co stock appears to be undervalued.
The current stock price of €0.02 is trading 43.3% below its estimated GF Value™ of €0.03.
Key valuation signals for FRA:HE1:
Net Current Asset Value: €-0.06
GF Value™: €0.03 vs. price of €0.02 (43.3% below fair value)
No single metric tells the full story. See the FRA:HE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XJ International Holdings Co Ltd formerly Hope Education Group Co Ltd is an investment holding company engaged in providing educational services. The company operates higher educational schools which include universities and junior colleges. Some of its colleges are Southwest Jiaotong University Hope Colleges, Business College of Guizhou University of Finance and Economics, Sichuan TOP IT Vocational Institute, and One Technical College among others. Its operating segments are the Domestic education which is the key revenue generating segment, global education segment and others. The company generates its revenue from tuition fees, boarding fees, sales of books and daily necessities, and others. Geographically company also operates in Malaysia, Thailand and Hungary.
54GF Score
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