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).
MingYang Smart Energy Group's net current asset value per share for the quarter that ended in Mar. 2026 was €-3.09.
The historical rank and industry rank for MingYang Smart Energy Group's Net Current Asset Value or its related term are showing as below:
FRA:RW20's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 5.14 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
MingYang Smart Energy Group (FRA:RW20) 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.
MingYang Smart Energy Group Net Current Asset Value Related Terms
MingYang Smart Energy Group 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.
MingYang Smart Energy Group Net Current Asset Value Chart
FRA:RW20 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group'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.
MingYang Smart Energy Group Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MingYang Smart Energy Group'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 €-3.09 mean?
MingYang Smart Energy Group (FRA:RW20) has a Net Current Asset Value of €-3.09 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on MingYang Smart Energy Group and its competitors. According to the industry distribution chart, MingYang Smart Energy Group ranks #999999 out of 2215 companies in the Industrial Products industry.
Is MingYang Smart Energy Group's Net Current Asset Value too high?
MingYang Smart Energy Group's current Net Current Asset Value is €-3.09. Based on the distribution chart, MingYang Smart Energy Group ranks #999999 out of 2215 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, MingYang Smart Energy Group has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does MingYang Smart Energy Group's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, MingYang Smart Energy Group ranks #999999 out of 2215 companies for Net Current Asset Value. This places MingYang Smart Energy Group in the lower half of its industry. The industry median Net Current Asset Value is 5.14. 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 5.14, based on 2,215 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 MingYang Smart Energy Group and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MingYang Smart Energy Group's current Net Current Asset Value is €-3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MingYang Smart Energy Group stock overvalued right now?
MingYang Smart Energy Group (FRA:RW20) has a current Net Current Asset Value of €-3.09. The stock's GF Value™ is €16.28, compared to a current price of €11.00 — trading 32.4% below its estimated fair value. The current Net Current Asset Value is €-3.09. MingYang Smart Energy Group's overall GF Score™ is 67/100 with 10 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 MingYang Smart Energy Group (FRA:RW20), the current Net Current Asset Value is €-3.09 as of Mar. 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 MingYang Smart Energy Group (FRA:RW20) Overvalued in 2026?
Based on GuruFocus' analysis, MingYang Smart Energy Group stock appears to be undervalued.
The current stock price of €11.00 is trading 32.4% below its estimated GF Value™ of €16.28.
Key valuation signals for FRA:RW20:
Net Current Asset Value: €-3.09
GF Value™: €16.28 vs. price of €11.00 (32.4% below fair value)
No single metric tells the full story. See the FRA:RW20 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MingYang Smart Energy Group Ltd is a wind turbine manufacturer that provides accessible green and smart energy and a full lifecycle renewable solutions provider. The Group's business is divided into segments namely High-end energy equipment manufacturing sector, wind turbine equipment manufacturing and sales, Operation and maintenance services and photovoltaic products manufacturing and sales; and Energy products and services sector includes construction, management, and operation of energy investment projects, power demand side management, energy efficiency management.
67GF Score
Get the complete analysis for FRA:RW20
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