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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:02635's Price-to-Net-Current-Asset-Value is ranked better than 52.74% of 1752
companies
in the Software industry
Industry Median: 5.005
vs HKSE:02635: 4.85
Nuobikan Artificial Intelligence Technology (Chengdu) Co (HKSE:02635) 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.
Nuobikan Artificial Intelligence Technology (Chengdu) Co Net Current Asset Value Related Terms
Nuobikan Artificial Intelligence Technology (Chengdu) 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.
Nuobikan Artificial Intelligence Technology (Chengdu) Co Net Current Asset Value Chart
Nuobikan Artificial Intelligence Technology (Chengdu) Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.86
1.06
1.44
2.39
Nuobikan Artificial Intelligence Technology (Chengdu) Co Semi-Annual Data
HKSE:02635 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Nuobikan Artificial Intelligence Technology (Chengdu) 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.
Nuobikan Artificial Intelligence Technology (Chengdu) 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$2.39 mean?
Nuobikan Artificial Intelligence Technology (Chengdu) Co (HKSE:02635) has a Net Current Asset Value of HK$2.39 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 Nuobikan Artificial Intelligence Technology (Chengdu) Co and its competitors. This is 85% below median its historical median of 15.67. Over the past decade, Nuobikan Artificial Intelligence Technology (Chengdu) Co's Net Current Asset Value has ranged from 4.85 to 15.67. According to the industry distribution chart, Nuobikan Artificial Intelligence Technology (Chengdu) Co ranks #828 out of 1752 companies in the Software industry, placing it in the top 47.3%.
Is Nuobikan Artificial Intelligence Technology (Chengdu) Co's Net Current Asset Value too high?
Nuobikan Artificial Intelligence Technology (Chengdu) Co's current Net Current Asset Value of HK$2.39 is 85% below median its 10-year median of 15.67. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 15.67. Based on the distribution chart, Nuobikan Artificial Intelligence Technology (Chengdu) Co ranks #828 out of 1752 companies in the Software industry, which is above the industry midpoint. Overall, Nuobikan Artificial Intelligence Technology (Chengdu) Co has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Nuobikan Artificial Intelligence Technology (Chengdu) Co's Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Nuobikan Artificial Intelligence Technology (Chengdu) Co ranks #828 out of 1752 companies for Net Current Asset Value. This puts Nuobikan Artificial Intelligence Technology (Chengdu) Co in the upper half of its industry. The industry median Net Current Asset Value is 5.01. Historically, Nuobikan Artificial Intelligence Technology (Chengdu) Co's own Net Current Asset Value has ranged from 4.85 to 15.67 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 Software company?
The median Net Current Asset Value among Software companies is 5.01, based on 1,752 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 Nuobikan Artificial Intelligence Technology (Chengdu) Co and its competitors. For the Software industry, the median Net Current Asset Value is 5.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuobikan Artificial Intelligence Technology (Chengdu) Co's current Net Current Asset Value is HK$2.39, which is 85% below median its own 10-year median of 15.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuobikan Artificial Intelligence Technology (Chengdu) Co stock overvalued right now?
Nuobikan Artificial Intelligence Technology (Chengdu) Co (HKSE:02635) has a current Net Current Asset Value of HK$2.39. The current Net Current Asset Value is HK$2.39, which is 85% below median its 10-year median of 15.67. Nuobikan Artificial Intelligence Technology (Chengdu) Co's overall GF Score™ is 22/100 with 1 warning sign 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 Nuobikan Artificial Intelligence Technology (Chengdu) Co (HKSE:02635), the current Net Current Asset Value is HK$2.39 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.
Nuobikan Artificial Intelligence Technology (Chengdu) Co Ltd develops and sells monitoring and inspection products and solutions for railway operation and power grid companies, and other urban management solutions in the PRC. It mainly provides integrated software and hardware solutions adopting comprehensive AI industry models for monitoring, inspection and maintenance purposes. The company generates revenue from businesses including (i) rail transit for transportation solution business, (ii) electricity for energy solution business, and (iii) urban management solution business. The company generates the majority of revenue from the Urban management solution business. Geographically, it derives the maximum revenue from China.
22GF Score
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