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 Shougang Fushan Resources Group's Net Current Asset Value or its related term are showing as below:
FSHYF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.82 Med: 4.46 Max: 7.02
Current: 2.86
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shougang Fushan Resources Group was 7.02. The lowest was 2.82. And the median was 4.46.
FSHYF's Price-to-Net-Current-Asset-Value is ranked better than 52.32% of 367
companies
in the Steel industry
Industry Median: 2.99
vs FSHYF: 2.86
Shougang Fushan Resources Group (OTCPK:FSHYF) 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.
Shougang Fushan Resources Group Net Current Asset Value Related Terms
Shougang Fushan Resources 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.
Shougang Fushan Resources Group Net Current Asset Value Chart
FSHYF vs HCC, AMR, METC: Net Current Asset Value Comparison
For the Coking Coal subindustry, Shougang Fushan Resources 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.
Shougang Fushan Resources Group Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shougang Fushan Resources 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 $0.10 mean?
Shougang Fushan Resources Group (FSHYF) has a Net Current Asset Value of $0.10 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 Shougang Fushan Resources Group and its competitors. This is 98% below median its historical median of 4.46. Over the past decade, Shougang Fushan Resources Group's Net Current Asset Value has ranged from 2.82 to 7.02. According to the industry distribution chart, Shougang Fushan Resources Group ranks #175 out of 367 companies in the Steel industry, placing it in the top 47.7%.
Is Shougang Fushan Resources Group's Net Current Asset Value too high?
Shougang Fushan Resources Group's current Net Current Asset Value of $0.10 is 98% below median its 10-year median of 4.46. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 7.02. The Steel industry median Net Current Asset Value is 2.99. Shougang Fushan Resources Group's value of $0.10 is 96.7% below this industry median. Based on the distribution chart, Shougang Fushan Resources Group ranks #175 out of 367 companies in the Steel industry, which is above the industry midpoint. Overall, Shougang Fushan Resources Group has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shougang Fushan Resources Group's Net Current Asset Value compare to HCC and AMR?
According to the Steel industry distribution chart, Shougang Fushan Resources Group ranks #175 out of 367 companies for Net Current Asset Value. This puts Shougang Fushan Resources Group in the upper half of its industry. The industry median Net Current Asset Value is 2.99. Shougang Fushan Resources Group's value of $0.10 is 96.7% below this benchmark. Historically, Shougang Fushan Resources Group's own Net Current Asset Value has ranged from 2.82 to 7.02 over the past decade. While the company's 10-year median is 4.46 vs. the industry median of 2.99, Shougang Fushan Resources Group has consistently been below the industry average. 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 367 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. Shougang Fushan Resources Group's current Net Current Asset Value of $0.10 is 96.7% below the industry median. 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 Shougang Fushan Resources Group and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shougang Fushan Resources Group's current Net Current Asset Value is $0.10, which is 98% below median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shougang Fushan Resources Group stock overvalued right now?
Based on GuruFocus' analysis, Shougang Fushan Resources Group (FSHYF) is currently considered Fairly Valued. The stock's GF Value™ is $0.33, compared to a current price of $0.31 — trading 4.6% below its estimated fair value. The current Net Current Asset Value is $0.10, which is 98% below median its 10-year median of 4.46 and 96.7% below the Steel industry median of 2.99. Shougang Fushan Resources Group's overall GF Score™ is 59/100 with 7 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 Shougang Fushan Resources Group (FSHYF), the current Net Current Asset Value is $0.10 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 Shougang Fushan Resources Group (FSHYF) Overvalued in 2026?
Based on GuruFocus' analysis, Shougang Fushan Resources Group stock appears to be undervalued.
The current stock price of $0.31 is trading 4.6% below its estimated GF Value™ of $0.33.
GuruFocus considers Shougang Fushan Resources Group to be Fairly Valued.
Key valuation signals for FSHYF:
Net Current Asset Value: $0.10 (98% below median its 10-year median of 4.46)
GF Value™: $0.33 vs. price of $0.31 (4.6% below fair value)
Industry Position: 96.7% below the Steel median (#175 of 367)
No single metric tells the full story. See the FSHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shougang Fushan Resources Group Business Description
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, producing, and selling coking coal products in the PRC. It derives revenue from the sale of clean coking coal, sales of self-produced by-products and trading of coal products. The Group operates coking coal mines and coal preparation plants. It has three premium operating coking coal mines in Liulin County, Shanxi Province (Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine), along with three premium coking coal mines and the associated coal preparation plants for the production of raw and clean coking coal. The Group has a business presence in the PRC and Hong Kong. The Group generates overall revenue from the PRC.
59GF Score
Get the complete analysis for FSHYF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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