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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).
The historical rank and industry rank for Jiangsu Horizon Chain Supermarket Co's Net Current Asset Value or its related term are showing as below:
HKSE:02625'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.21 Med: 3.07 Max: 3.07
Current: 1.21
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Jiangsu Horizon Chain Supermarket Co was 3.07. The lowest was 1.21. And the median was 3.07.
HKSE:02625's Price-to-Net-Current-Asset-Value is ranked better than 79.5% of 556
companies
in the Retail - Cyclical industry
Industry Median: 3.25
vs HKSE:02625: 1.21
Jiangsu Horizon Chain Supermarket Co (HKSE:02625) 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.
Jiangsu Horizon Chain Supermarket Co Net Current Asset Value Related Terms
Jiangsu Horizon Chain Supermarket 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.
Jiangsu Horizon Chain Supermarket Co Net Current Asset Value Chart
Jiangsu Horizon Chain Supermarket Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-0.15
0.18
0.51
0.62
1.47
Jiangsu Horizon Chain Supermarket Co Semi-Annual Data
HKSE:02625 vs DDS: Net Current Asset Value Comparison
For the Department Stores subindustry, Jiangsu Horizon Chain Supermarket 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.
Jiangsu Horizon Chain Supermarket Co Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Jiangsu Horizon Chain Supermarket Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Jiangsu Horizon Chain Supermarket 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$1.47 mean?
Jiangsu Horizon Chain Supermarket Co (HKSE:02625) has a Net Current Asset Value of HK$1.47 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 Jiangsu Horizon Chain Supermarket Co and its competitors. According to the industry distribution chart, Jiangsu Horizon Chain Supermarket Co ranks #114 out of 556 companies in the Retail - Cyclical industry, placing it in the top 20.5%.
Is Jiangsu Horizon Chain Supermarket Co's Net Current Asset Value too high?
Jiangsu Horizon Chain Supermarket Co's current Net Current Asset Value is HK$1.47. Based on the distribution chart, Jiangsu Horizon Chain Supermarket Co ranks #114 out of 556 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu Horizon Chain Supermarket Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Horizon Chain Supermarket Co's Net Current Asset Value compare to DDS?
According to the Retail - Cyclical industry distribution chart, Jiangsu Horizon Chain Supermarket Co ranks #114 out of 556 companies for Net Current Asset Value. This places Jiangsu Horizon Chain Supermarket Co in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.25. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.25, based on 556 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 Jiangsu Horizon Chain Supermarket Co and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Horizon Chain Supermarket Co's current Net Current Asset Value is HK$1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Horizon Chain Supermarket Co stock overvalued right now?
Jiangsu Horizon Chain Supermarket Co (HKSE:02625) has a current Net Current Asset Value of HK$1.47. The current Net Current Asset Value is HK$1.47. Jiangsu Horizon Chain Supermarket Co's overall GF Score™ is 14/100 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 Jiangsu Horizon Chain Supermarket Co (HKSE:02625), the current Net Current Asset Value is HK$1.47 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.
Jiangsu Horizon Chain Supermarket Co Ltd is a wholesaler of grains and oil headquartered in Yangzhou, with retail operations of supermarkets and convenience stores focusing on the central region of Jiangsu Province under its brand (Hongxinlong). It operates approximately 51 supermarkets and 109 convenience stores in Jiangsu Province, out of which 49 supermarkets and 108 convenience stores are located in Yangzhou, and two supermarkets and one convenience store are located in Taizhou. Apart from supermarkets and convenience stores, the company also operates two Malls located in Yangzhou, namely Jiangdu Mall and Hongxinlong Mall. For its wholesale operations, It sells grains and oil, food products, and other products to resellers and other retail operators including other operators.
14GF Score
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