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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 Ka Shui International Holdings's Net Current Asset Value or its related term are showing as below:
FRA:MI8'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.6 Med: 1.36 Max: 7.38
Current: 1.03
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ka Shui International Holdings was 7.38. The lowest was 0.60. And the median was 1.36.
FRA:MI8's Price-to-Net-Current-Asset-Value is ranked better than 92.99% of 2225
companies
in the Industrial Products industry
Industry Median: 5.17
vs FRA:MI8: 1.03
Ka Shui International Holdings (FRA:MI8) 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.
Ka Shui International Holdings Net Current Asset Value Related Terms
Ka Shui International 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.
Ka Shui International Holdings Net Current Asset Value Chart
FRA:MI8 vs CRS, ATI, MLI: Net Current Asset Value Comparison
For the Metal Fabrication subindustry, Ka Shui International 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.
Ka Shui International Holdings Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ka Shui International Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ka Shui International 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 €0.04 mean?
Ka Shui International Holdings (FRA:MI8) has a Net Current Asset Value of €0.04 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 Ka Shui International Holdings and its competitors. This is 97% below median its historical median of 1.36. Over the past decade, Ka Shui International Holdings' Net Current Asset Value has ranged from 0.60 to 7.38. According to the industry distribution chart, Ka Shui International Holdings ranks #156 out of 2225 companies in the Industrial Products industry, placing it in the top 7%.
Is Ka Shui International Holdings' Net Current Asset Value too high?
Ka Shui International Holdings' current Net Current Asset Value of €0.04 is 97% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 7.38. Based on the distribution chart, Ka Shui International Holdings ranks #156 out of 2225 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ka Shui International Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Ka Shui International Holdings' Net Current Asset Value compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Ka Shui International Holdings ranks #156 out of 2225 companies for Net Current Asset Value. This places Ka Shui International Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.17. Historically, Ka Shui International Holdings' own Net Current Asset Value has ranged from 0.60 to 7.38 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.17, based on 2,225 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 Ka Shui International Holdings and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ka Shui International Holdings's current Net Current Asset Value is €0.04, which is 97% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ka Shui International Holdings stock overvalued right now?
Ka Shui International Holdings (FRA:MI8) has a current Net Current Asset Value of €0.04. The stock's GF Value™ is €0.03, compared to a current price of €0.03 — trading 3.3% above its estimated fair value. The current Net Current Asset Value is €0.04, which is 97% below median its 10-year median of 1.36. Ka Shui International Holdings' overall GF Score™ is 49/100 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 Ka Shui International Holdings (FRA:MI8), the current Net Current Asset Value is €0.04 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 Ka Shui International Holdings (FRA:MI8) Overvalued in 2026?
Based on GuruFocus' analysis, Ka Shui International Holdings stock appears to be overvalued.
The current stock price of €0.03 is trading 3.3% above its estimated GF Value™ of €0.03.
Key valuation signals for FRA:MI8:
Net Current Asset Value: €0.04 (97% below median its 10-year median of 1.36)
GF Value™: €0.03 vs. price of €0.03 (3.3% above fair value)
No single metric tells the full story. See the FRA:MI8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ka Shui International Holdings Ltd is involved in the die casting of alloy and plastic injection businesses. The company operates through nine operating divisions: zinc, magnesium, aluminum alloy, plastic products and components, trading of lighting products, provision of motor vehicle repairing services, sales of special purpose vehicles, provision of new energy vehicles power systems and production of other products. It generates maximum revenue from the Plastic segment. Geographically, it derives majority of its revenue from the PRC and has a presence in Hong Kong; the USA, and other countries.
49GF Score
Get the complete analysis for FRA:MI8
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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