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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:01956's Price-to-Net-Current-Asset-Value is ranked worse than 92.33% of 1761
companies
in the Software industry
Industry Median: 5.09
vs HKSE:01956: 37.51
Beijing Zhongke WengeAI Science and Technology Co (HKSE:01956) 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.
Beijing Zhongke WengeAI Science and Technology Co Net Current Asset Value Related Terms
Beijing Zhongke WengeAI Science and Technology 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.
Beijing Zhongke WengeAI Science and Technology Co Net Current Asset Value Chart
Beijing Zhongke WengeAI Science and Technology Co Annual Data
Trend
Dec23
Dec24
Dec25
Net Current Asset Value
3.24
3.54
2.49
Beijing Zhongke WengeAI Science and Technology Co Semi-Annual Data
Dec23
Dec24
Dec25
Net Current Asset Value
3.24
3.54
2.49
HKSE:01956 vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Beijing Zhongke WengeAI Science and Technology 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.
Beijing Zhongke WengeAI Science and Technology Co Price-to-Net-Current-Asset-Value vs Software 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$2.49 mean?
Beijing Zhongke WengeAI Science and Technology Co (HKSE:01956) has a Net Current Asset Value of HK$2.49 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 Beijing Zhongke WengeAI Science and Technology Co and its competitors. According to the industry distribution chart, Beijing Zhongke WengeAI Science and Technology Co ranks #1626 out of 1761 companies in the Software industry, placing it in the top 92.3%.
Is Beijing Zhongke WengeAI Science and Technology Co's Net Current Asset Value too high?
Beijing Zhongke WengeAI Science and Technology Co's current Net Current Asset Value is HK$2.49. Based on the distribution chart, Beijing Zhongke WengeAI Science and Technology Co ranks #1626 out of 1761 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Beijing Zhongke WengeAI Science and Technology Co has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Beijing Zhongke WengeAI Science and Technology Co's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, Beijing Zhongke WengeAI Science and Technology Co ranks #1626 out of 1761 companies for Net Current Asset Value. This places Beijing Zhongke WengeAI Science and Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 5.09. 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 Software company?
The median Net Current Asset Value among Software companies is 5.09, based on 1,761 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 Beijing Zhongke WengeAI Science and Technology Co and its competitors. For the Software industry, the median Net Current Asset Value is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Zhongke WengeAI Science and Technology Co's current Net Current Asset Value is HK$2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Zhongke WengeAI Science and Technology Co stock overvalued right now?
Beijing Zhongke WengeAI Science and Technology Co (HKSE:01956) has a current Net Current Asset Value of HK$2.49. The current Net Current Asset Value is HK$2.49. Beijing Zhongke WengeAI Science and Technology Co's overall GF Score™ is 10/100 with 4 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 Beijing Zhongke WengeAI Science and Technology Co (HKSE:01956), the current Net Current Asset Value is HK$2.49 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.
Beijing Zhongke WengeAI Science and Technology Co Ltd is an AI technology and service provider in China, specializing in complex data analytics and AI-assisted decision-making. The company develops critical AI capabilities, offering a portfolio of full-stack AI services. Its services include data governance, domain knowledge management, large language and multimodal model development, decision automation, evaluation solutions, and low-code AI application development. The company provides AI-based solutions to organizations across sectors including public services, media and communications, and commercial enterprises. The majority of the company's revenue is derived from the provision of AI services to its clients in the Chinese Mainland.
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