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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Renewable Energy InvestmentHKSE:00987 40 Net Current Asset Value is HK$0.18 as of Dec. 2025, which is 100% below its 10-year median of 1.41. GuruFocus rates HKSE:00987 with a GF Score™ of 40/100 and a GF Value™ of HK$0.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 105 Utilities - Independent Power Producers companies, China Renewable Energy Investment ranks better than 86.67% 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).
The historical rank and industry rank for China Renewable Energy Investment's Net Current Asset Value or its related term are showing as below:
HKSE:00987'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.73 Med: 1.41 Max: 19.7
Current: 1.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of China Renewable Energy Investment was 19.70. The lowest was 0.73. And the median was 1.41.
HKSE:00987's Price-to-Net-Current-Asset-Value is ranked better than 86.67% of 105
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.78
vs HKSE:00987: 1.10
China Renewable Energy Investment (HKSE:00987) 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.
China Renewable Energy Investment Net Current Asset Value Related Terms
China Renewable Energy Investment 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.
China Renewable Energy Investment Net Current Asset Value Chart
China Renewable Energy Investment Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, China Renewable Energy Investment'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.
China Renewable Energy Investment Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Renewable Energy Investment's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Renewable Energy Investment'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$0.18 mean?
China Renewable Energy Investment (HKSE:00987) has a Net Current Asset Value of HK$0.18 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 China Renewable Energy Investment and its competitors. This is 87% below median its historical median of 1.41. Over the past decade, China Renewable Energy Investment's Net Current Asset Value has ranged from 0.73 to 19.70. According to the industry distribution chart, China Renewable Energy Investment ranks #14 out of 105 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.3%.
Is China Renewable Energy Investment's Net Current Asset Value too high?
China Renewable Energy Investment's current Net Current Asset Value of HK$0.18 is 87% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 19.70. Based on the distribution chart, China Renewable Energy Investment ranks #14 out of 105 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, China Renewable Energy Investment has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Renewable Energy Investment's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Renewable Energy Investment ranks #14 out of 105 companies for Net Current Asset Value. This places China Renewable Energy Investment in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.78. Historically, China Renewable Energy Investment's own Net Current Asset Value has ranged from 0.73 to 19.70 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.78, based on 105 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 China Renewable Energy Investment and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Renewable Energy Investment's current Net Current Asset Value is HK$0.18, which is 87% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Renewable Energy Investment stock overvalued right now?
Based on GuruFocus' analysis, China Renewable Energy Investment (HKSE:00987) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.20 — trading 65% above its estimated fair value. The current Net Current Asset Value is HK$0.18, which is 87% below median its 10-year median of 1.41. China Renewable Energy Investment's overall GF Score™ is 40/100 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 China Renewable Energy Investment (HKSE:00987), the current Net Current Asset Value is HK$0.18 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 China Renewable Energy Investment (HKSE:00987) Overvalued in 2026?
Based on GuruFocus' analysis, China Renewable Energy Investment stock appears to be overvalued.
The current stock price of HK$0.20 is trading 65% above its estimated GF Value™ of HK$0.12.
GuruFocus considers China Renewable Energy Investment to be Significantly Overvalued.
Key valuation signals for HKSE:00987:
Net Current Asset Value: HK$0.18 (87% below median its 10-year median of 1.41)
GF Value™: HK$0.12 vs. price of HK$0.20 (65% above fair value)
No single metric tells the full story. See the HKSE:00987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Renewable Energy Investment Ltd are principally engaged in renewable energy business. The Group has operations mainly in the People's Republic of China. It is an investment holding company. The Group has a single reportable segment which is renewable energy segment. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe Wind Farm, Changma Wind Farm, Lunaobao Wind Farm, Songxian Wind Farm, Nanxun Distributed Solar Project.
40GF Score
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