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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).
HKSE:00664's Price-to-Net-Current-Asset-Value is ranked better than 55.21% of 317
companies
in the Travel & Leisure industry
Industry Median: 4.16
vs HKSE:00664: 3.72
Hangzhou Tongshifu Cultural and Creative Group Co (HKSE:00664) 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.
Hangzhou Tongshifu Cultural and Creative Group Co Net Current Asset Value Related Terms
Hangzhou Tongshifu Cultural and Creative Group 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.
Hangzhou Tongshifu Cultural and Creative Group Co Net Current Asset Value Chart
Hangzhou Tongshifu Cultural and Creative Group Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
1.91
2.47
3.43
3.77
Hangzhou Tongshifu Cultural and Creative Group Co Quarterly Data
HKSE:00664 vs AS, HAS, LTH: Net Current Asset Value Comparison
For the Leisure subindustry, Hangzhou Tongshifu Cultural and Creative Group 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.
Hangzhou Tongshifu Cultural and Creative Group Co Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
* 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 HK$3.77 mean?
Hangzhou Tongshifu Cultural and Creative Group Co (HKSE:00664) has a Net Current Asset Value of HK$3.77 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 Hangzhou Tongshifu Cultural and Creative Group Co and its competitors. According to the industry distribution chart, Hangzhou Tongshifu Cultural and Creative Group Co ranks #142 out of 317 companies in the Travel & Leisure industry, placing it in the top 44.8%.
Is Hangzhou Tongshifu Cultural and Creative Group Co's Net Current Asset Value too high?
Hangzhou Tongshifu Cultural and Creative Group Co's current Net Current Asset Value is HK$3.77. Based on the distribution chart, Hangzhou Tongshifu Cultural and Creative Group Co ranks #142 out of 317 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Hangzhou Tongshifu Cultural and Creative Group Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Tongshifu Cultural and Creative Group Co's Net Current Asset Value compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Hangzhou Tongshifu Cultural and Creative Group Co ranks #142 out of 317 companies for Net Current Asset Value. This puts Hangzhou Tongshifu Cultural and Creative Group Co in the upper half of its industry. The industry median Net Current Asset Value is 4.16. 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.16, based on 317 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 Hangzhou Tongshifu Cultural and Creative Group Co and its competitors. For the Travel & Leisure 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. Hangzhou Tongshifu Cultural and Creative Group Co's current Net Current Asset Value is HK$3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Tongshifu Cultural and Creative Group Co stock overvalued right now?
Hangzhou Tongshifu Cultural and Creative Group Co (HKSE:00664) has a current Net Current Asset Value of HK$3.77. The current Net Current Asset Value is HK$3.77. Hangzhou Tongshifu Cultural and Creative Group Co's overall GF Score™ is 20/100 with 5 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 Hangzhou Tongshifu Cultural and Creative Group Co (HKSE:00664), the current Net Current Asset Value is HK$3.77 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.
Hangzhou Tongshifu Cultural and Creative Group Co Ltd is principally engaged in the design, development, and sale of copper-based cultural and creative products that integrate traditional craftsmanship with modern design and usage scenarios. It has also expanded its product offerings into other material categories, including gold, silver, and plastic, as complements to its core copper-based portfolio. The Group mainly designs, develops, produces, and manufactures various copper handicrafts under the brands TONGSHIFU, TAITONG, and HAPPY GENERAL. Its product categories include Batman, Transformers, Ne Zha 2, and many more. Its main market is the Chinese Mainland, where it mainly serves retail consumers, with copper-based cultural and creative products remaining its main revenue contributor.
20GF Score
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