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).
Longfor Group Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was €-20.60.
The historical rank and industry rank for Longfor Group Holdings's Net Current Asset Value or its related term are showing as below:
FRA:RLF0's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.115 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Longfor Group Holdings (FRA:RLF0) 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.
Longfor Group Holdings Net Current Asset Value Related Terms
Longfor Group Holdings Net Current Asset Value Historical Data
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The historical data trend for Longfor Group Holdings'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.
Longfor Group Holdings Net Current Asset Value Chart
Longfor Group Holdings Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Longfor Group 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.
Longfor Group Holdings Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Longfor Group Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Longfor Group 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 €-20.60 mean?
Longfor Group Holdings (FRA:RLF0) has a Net Current Asset Value of €-20.60 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 Longfor Group Holdings and its competitors. According to the industry distribution chart, Longfor Group Holdings ranks #999999 out of 758 companies in the Real Estate industry.
Is Longfor Group Holdings' Net Current Asset Value too high?
Longfor Group Holdings' current Net Current Asset Value is €-20.60. Based on the distribution chart, Longfor Group Holdings ranks #999999 out of 758 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Longfor Group Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Longfor Group Holdings' Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Longfor Group Holdings ranks #999999 out of 758 companies for Net Current Asset Value. This places Longfor Group Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.12. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.12, based on 758 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 Longfor Group Holdings and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Longfor Group Holdings's current Net Current Asset Value is €-20.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Longfor Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Longfor Group Holdings (FRA:RLF0) is currently considered Fairly Valued. The stock's GF Value™ is €5.97, compared to a current price of €5.85 — trading 2% below its estimated fair value. The current Net Current Asset Value is €-20.60. Longfor Group Holdings' overall GF Score™ is 71/100 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 Longfor Group Holdings (FRA:RLF0), the current Net Current Asset Value is €-20.60 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 Longfor Group Holdings (FRA:RLF0) Overvalued in 2026?
Based on GuruFocus' analysis, Longfor Group Holdings stock appears to be undervalued.
The current stock price of €5.85 is trading 2% below its estimated GF Value™ of €5.97.
GuruFocus considers Longfor Group Holdings to be Fairly Valued.
Key valuation signals for FRA:RLF0:
Net Current Asset Value: €-20.60
GF Value™: €5.97 vs. price of €5.85 (2% below fair value)
No single metric tells the full story. See the FRA:RLF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Longfor Group Holdings, or Longfor, is a non-state-owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management and project management services have been growing fast. As at end-2025, Wu Yajun remained the largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.
71GF 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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