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Zhou Hei Ya International Holdings CoFRA:ZHY 81 Net Current Asset Value is €0.03 as of Dec. 2025, which is 100% below its 10-year median of 6.35. GuruFocus rates FRA:ZHY with a GF Score™ of 81/100 and a GF Value™ of €0.18. The stock has 1 warning sign investors should review. Among 1,020 Consumer Packaged Goods companies, Zhou Hei Ya International Holdings Co ranks worse than 61.08% on this metric.
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).
FRA:ZHY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.01 Med: 6.35 Max: 10.73
Current: 4.53
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zhou Hei Ya International Holdings Co was 10.73. The lowest was 3.01. And the median was 6.35.
FRA:ZHY's Price-to-Net-Current-Asset-Value is ranked worse than 61.08% of 1020
companies
in the Consumer Packaged Goods industry
Industry Median: 4.16
vs FRA:ZHY: 4.53
Zhou Hei Ya International Holdings Co (FRA:ZHY) 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.
Zhou Hei Ya International Holdings Co Net Current Asset Value Related Terms
Zhou Hei Ya 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.
Zhou Hei Ya International Holdings Co Net Current Asset Value Chart
FRA:ZHY vs KHC, GIS: Net Current Asset Value Comparison
For the Packaged Foods subindustry, Zhou Hei Ya 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.
Zhou Hei Ya International Holdings Co Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhou Hei Ya International Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zhou Hei Ya 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 €0.03 mean?
Zhou Hei Ya International Holdings Co (FRA:ZHY) has a Net Current Asset Value of €0.03 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 Zhou Hei Ya International Holdings Co and its competitors. This is 100% below median its historical median of 6.35. Over the past decade, Zhou Hei Ya International Holdings Co's Net Current Asset Value has ranged from 3.01 to 10.73. According to the industry distribution chart, Zhou Hei Ya International Holdings Co ranks #623 out of 1020 companies in the Consumer Packaged Goods industry, placing it in the top 61.1%.
Is Zhou Hei Ya International Holdings Co's Net Current Asset Value too high?
Zhou Hei Ya International Holdings Co's current Net Current Asset Value of €0.03 is 100% below median its 10-year median of 6.35. Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 10.73. Based on the distribution chart, Zhou Hei Ya International Holdings Co ranks #623 out of 1020 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Zhou Hei Ya International Holdings Co has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Zhou Hei Ya International Holdings Co's Net Current Asset Value compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Zhou Hei Ya International Holdings Co ranks #623 out of 1020 companies for Net Current Asset Value. This places Zhou Hei Ya International Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.16. Historically, Zhou Hei Ya International Holdings Co's own Net Current Asset Value has ranged from 3.01 to 10.73 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 a Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.16, based on 1,020 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 Zhou Hei Ya International Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhou Hei Ya International Holdings Co's current Net Current Asset Value is €0.03, which is 100% below median its own 10-year median of 6.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhou Hei Ya International Holdings Co stock overvalued right now?
Zhou Hei Ya International Holdings Co (FRA:ZHY) has a current Net Current Asset Value of €0.03. The stock's GF Value™ is €0.18, compared to a current price of €0.09 — trading 49.7% below its estimated fair value. The current Net Current Asset Value is €0.03, which is 100% below median its 10-year median of 6.35. Zhou Hei Ya International Holdings Co's overall GF Score™ is 81/100 with 1 warning sign 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 Zhou Hei Ya International Holdings Co (FRA:ZHY), the current Net Current Asset Value is €0.03 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 Zhou Hei Ya International Holdings Co (FRA:ZHY) Overvalued in 2026?
Based on GuruFocus' analysis, Zhou Hei Ya International Holdings Co stock appears to be undervalued.
The current stock price of €0.09 is trading 49.7% below its estimated GF Value™ of €0.18.
Key valuation signals for FRA:ZHY:
Net Current Asset Value: €0.03 (100% below median its 10-year median of 6.35)
GF Value™: €0.18 vs. price of €0.09 (49.7% below fair value)
No single metric tells the full story. See the FRA:ZHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhou Hei Ya International Holdings Co Ltd is a China-based investment holding company. The Company, along with its subsidiaries, is principally engaged in the production, marketing and retailing of casual braised duck-related casual food. The Company mainly sells its products under the brand name of Zhou Hei Ya. Its products mainly include ducks and duck part products, braised red meat, braised vegetable products and other braised poultry. The Company mainly operates its business in domestic market, with Central China and Southern China as its majority markets.
81GF Score
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