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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:02545'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.59 Med: 0.65 Max: 0.77
Current: 0.77
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zhonggan Communication (Group) Holdings was 0.77. The lowest was 0.59. And the median was 0.65.
HKSE:02545's Price-to-Net-Current-Asset-Value is ranked better than 91.92% of 99
companies
in the Telecommunication Services industry
Industry Median: 4.95
vs HKSE:02545: 0.77
Zhonggan Communication (Group) Holdings (HKSE:02545) 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.
Zhonggan Communication (Group) Holdings Net Current Asset Value Related Terms
Zhonggan Communication (Group) Holdings 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.
Zhonggan Communication (Group) Holdings Net Current Asset Value Chart
Zhonggan Communication (Group) Holdings Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.05
0.16
0.06
0.55
0.56
Zhonggan Communication (Group) Holdings Semi-Annual Data
HKSE:02545 vs VZ, TMUS, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, Zhonggan Communication (Group) Holdings'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.
Zhonggan Communication (Group) Holdings Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Zhonggan Communication (Group) Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zhonggan Communication (Group) Holdings'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$0.56 mean?
Zhonggan Communication (Group) Holdings (HKSE:02545) has a Net Current Asset Value of HK$0.56 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 Zhonggan Communication (Group) Holdings and its competitors. According to the industry distribution chart, Zhonggan Communication (Group) Holdings ranks #8 out of 99 companies in the Telecommunication Services industry, placing it in the top 8.1%.
Is Zhonggan Communication (Group) Holdings' Net Current Asset Value too high?
Zhonggan Communication (Group) Holdings' current Net Current Asset Value is HK$0.56. Based on the distribution chart, Zhonggan Communication (Group) Holdings ranks #8 out of 99 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zhonggan Communication (Group) Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Zhonggan Communication (Group) Holdings' Net Current Asset Value compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Zhonggan Communication (Group) Holdings ranks #8 out of 99 companies for Net Current Asset Value. This places Zhonggan Communication (Group) Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.95. 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 4.95, based on 99 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 Zhonggan Communication (Group) Holdings and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 4.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhonggan Communication (Group) Holdings's current Net Current Asset Value is HK$0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhonggan Communication (Group) Holdings stock overvalued right now?
Zhonggan Communication (Group) Holdings (HKSE:02545) has a current Net Current Asset Value of HK$0.56. The current Net Current Asset Value is HK$0.56. Zhonggan Communication (Group) Holdings' overall GF Score™ is 12/100 with 9 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 Zhonggan Communication (Group) Holdings (HKSE:02545), the current Net Current Asset Value is HK$0.56 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.
Zhonggan Communication (Group) Holdings Ltd is an integrated service provider and software developer in China. It focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services. Telecommunications Infrastructure Services comprises infrastructure Construction Services and Infrastructure Maintenance Services. Digitalisation Solution Services comprise Integrated Solution Services, System Maintenance Services, and Software Solution Services. Key revenue is generated from Telecommunications Infrastructure Services.
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