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Lee & Man Chemical CoHKSE:00746 +2.20%74 Net Current Asset Value is HK$0.09 as of Jun. 2026, which is 100% below its 10-year median of 20.31. GuruFocus rates HKSE:00746 with a GF Score™ of 74/100 and a GF Value™ of HK$3.94 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 950 Chemicals companies, Lee & Man Chemical Co ranks worse than 93.37% 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).
Lee & Man Chemical Co's net current asset value per share for the quarter that ended in Jun. 2026 was HK$0.09.
The historical rank and industry rank for Lee & Man Chemical Co's Net Current Asset Value or its related term are showing as below:
HKSE:00746'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.47 Med: 20.31 Max: 65.75
Current: 49
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Lee & Man Chemical Co was 65.75. The lowest was 7.47. And the median was 20.31.
HKSE:00746's Price-to-Net-Current-Asset-Value is ranked worse than 93.37% of 950
companies
in the Chemicals industry
Industry Median: 5.075
vs HKSE:00746: 49.00
Lee & Man Chemical Co (HKSE:00746) 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.
Lee & Man Chemical Co Net Current Asset Value Related Terms
Lee & Man Chemical Co Net Current Asset Value Historical Data
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The historical data trend for Lee & Man Chemical Co'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.
Lee & Man Chemical Co Net Current Asset Value Chart
HKSE:00746 vs DOW: Net Current Asset Value Comparison
For the Chemicals subindustry, Lee & Man Chemical 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.
Lee & Man Chemical Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Lee & Man Chemical Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Lee & Man Chemical 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 HK$0.09 mean?
Lee & Man Chemical Co (HKSE:00746) has a Net Current Asset Value of HK$0.09 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Lee & Man Chemical Co and its competitors. This is 100% below median its historical median of 20.31. Over the past decade, Lee & Man Chemical Co's Net Current Asset Value has ranged from 7.47 to 65.75. According to the industry distribution chart, Lee & Man Chemical Co ranks #887 out of 950 companies in the Chemicals industry, placing it in the top 93.4%.
Is Lee & Man Chemical Co's Net Current Asset Value too high?
Lee & Man Chemical Co's current Net Current Asset Value of HK$0.09 is 100% below median its 10-year median of 20.31. Over the past 10 years, this metric has ranged from a low of 7.47 to a high of 65.75. Based on the distribution chart, Lee & Man Chemical Co ranks #887 out of 950 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Lee & Man Chemical Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Chemical Co's Net Current Asset Value compare to DOW?
According to the Chemicals industry distribution chart, Lee & Man Chemical Co ranks #887 out of 950 companies for Net Current Asset Value. This places Lee & Man Chemical Co in the lower half of its industry. The industry median Net Current Asset Value is 5.08. Historically, Lee & Man Chemical Co's own Net Current Asset Value has ranged from 7.47 to 65.75 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.08, based on 950 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 Lee & Man Chemical Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee & Man Chemical Co's current Net Current Asset Value is HK$0.09, which is 100% below median its own 10-year median of 20.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Chemical Co (HKSE:00746) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$3.94, compared to a current price of HK$4.41 — trading 11.9% above its estimated fair value. The current Net Current Asset Value is HK$0.09, which is 100% below median its 10-year median of 20.31. Lee & Man Chemical Co's overall GF Score™ is 74/100 with 3 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 Lee & Man Chemical Co (HKSE:00746), the current Net Current Asset Value is HK$0.09 as of Jun. 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 Lee & Man Chemical Co (HKSE:00746) Overvalued in 2026?
Based on GuruFocus' analysis, Lee & Man Chemical Co stock appears to be overvalued.
The current stock price of HK$4.41 is trading 11.9% above its estimated GF Value™ of HK$3.94.
GuruFocus considers Lee & Man Chemical Co to be Modestly Overvalued.
Key valuation signals for HKSE:00746:
Net Current Asset Value: HK$0.09 (100% below median its 10-year median of 20.31)
GF Value™: HK$3.94 vs. price of HK$4.41 (11.9% above fair value)
No single metric tells the full story. See the HKSE:00746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lee & Man Chemical Co Ltd is an investment holding company. The company is engaged in the manufacture and sale of chemical products. Its products include Polymers, Basic Chemicals, Food / Water Additives, Paper Additives, and Lithium Ion Battery Additives. Its segment includes the Chemical segment manufacture and sale of chemical products; and the Property segment engaged in the development and sale of properties, properties held for rental, and supply of related property services. It generates the majority of its revenue from the Chemical segment. Its operations of the two segments are both located in the PRC. Its revenue of the Group's from external customers is derived from the PRC.
74GF 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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