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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).
Strong Petrochemical Holdings's net current asset value per share for the quarter that ended in Jun. 2025 was €0.01.
The historical rank and industry rank for Strong Petrochemical Holdings's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Strong Petrochemical Holdings was 2.77. The lowest was 0.55. And the median was 0.92.
FRA:K20A's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.93 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Strong Petrochemical Holdings (FRA:K20A) 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.
Strong Petrochemical Holdings Net Current Asset Value Related Terms
Strong Petrochemical Holdings 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.
Strong Petrochemical Holdings Net Current Asset Value Chart
FRA:K20A vs PSX, MPC, VLO: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Strong Petrochemical Holdings'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.
Strong Petrochemical Holdings Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Strong Petrochemical Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Strong Petrochemical Holdings'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 €0.01 mean?
Strong Petrochemical Holdings (FRA:K20A) has a Net Current Asset Value of €0.01 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Strong Petrochemical Holdings and its competitors. This is 99% below median its historical median of 0.92. Over the past decade, Strong Petrochemical Holdings' Net Current Asset Value has ranged from 0.55 to 2.77.
Is Strong Petrochemical Holdings' Net Current Asset Value too high?
Strong Petrochemical Holdings' current Net Current Asset Value of €0.01 is 99% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.77. Overall, Strong Petrochemical Holdings has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Strong Petrochemical Holdings' Net Current Asset Value compare to PSX and MPC?
Strong Petrochemical Holdings' Net Current Asset Value of €0.01 can be compared against companies in the Oil & Gas industry. The industry median Net Current Asset Value is 3.93. Historically, Strong Petrochemical Holdings' own Net Current Asset Value has ranged from 0.55 to 2.77 over the past decade. 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.93, based on 299 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 Strong Petrochemical Holdings and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Strong Petrochemical Holdings's current Net Current Asset Value is €0.01, which is 99% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strong Petrochemical Holdings stock overvalued right now?
Strong Petrochemical Holdings (FRA:K20A) has a current Net Current Asset Value of €0.01. The current Net Current Asset Value is €0.01, which is 99% below median its 10-year median of 0.92. Strong Petrochemical Holdings' overall GF Score™ is 41/100 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 Strong Petrochemical Holdings (FRA:K20A), the current Net Current Asset Value is €0.01 as of Jun. 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.
Strong Petrochemical Holdings Business Description
Strong Petrochemical Holdings Ltd is a Hong Kong-based company engaged in the trading of Coal, crude oil, petroleum products, Storage, and petrochemicals. Its segments include the Trading business and Storage business. The Trading business segment includes trading of commodities including crude oil, petroleum products, petrochemicals, coal, and iron ore. The Storage business segment includes the provision of general storage and other ancillary services concerning petroleum products and petrochemicals. The majority of the firm's revenue comes from the People's Republic of China.
41GF Score
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