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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).
Chuangxin Industries Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-4.36.
The historical rank and industry rank for Chuangxin Industries Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:02788's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 7.22 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Chuangxin Industries Holdings (HKSE:02788) 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.
Chuangxin Industries Holdings Net Current Asset Value Related Terms
Chuangxin Industries 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.
Chuangxin Industries Holdings Net Current Asset Value Chart
Chuangxin Industries Holdings Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-5.80
-5.12
-7.09
-4.36
Chuangxin Industries Holdings Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-5.80
-5.12
-7.09
-4.36
HKSE:02788 vs AA, CENX, CSTM: Net Current Asset Value Comparison
For the Aluminum subindustry, Chuangxin Industries 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.
Chuangxin Industries Holdings Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Chuangxin Industries Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chuangxin Industries 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$-4.36 mean?
Chuangxin Industries Holdings (HKSE:02788) has a Net Current Asset Value of HK$-4.36 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Chuangxin Industries Holdings and its competitors. According to the industry distribution chart, Chuangxin Industries Holdings ranks #999999 out of 1377 companies in the Metals & Mining industry.
Is Chuangxin Industries Holdings' Net Current Asset Value too high?
Chuangxin Industries Holdings' current Net Current Asset Value is HK$-4.36. Based on the distribution chart, Chuangxin Industries Holdings ranks #999999 out of 1377 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Chuangxin Industries Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Chuangxin Industries Holdings' Net Current Asset Value compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Chuangxin Industries Holdings ranks #999999 out of 1377 companies for Net Current Asset Value. This places Chuangxin Industries Holdings in the lower half of its industry. The industry median Net Current Asset Value is 7.22. 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 7.22, based on 1,377 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 Chuangxin Industries Holdings and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chuangxin Industries Holdings's current Net Current Asset Value is HK$-4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chuangxin Industries Holdings stock overvalued right now?
Chuangxin Industries Holdings (HKSE:02788) has a current Net Current Asset Value of HK$-4.36. The current Net Current Asset Value is HK$-4.36. Chuangxin Industries Holdings' overall GF Score™ is 17/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Chuangxin Industries Holdings (HKSE:02788), the current Net Current Asset Value is HK$-4.36 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.
Chuangxin Industries Holdings Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the production and sales of electrolytic aluminum and alumina in the People's Republic of China (PRC), focusing on alumina refining and aluminum smelting within the upstream of the aluminum industry chain. The company operates in two segments: i) Electrolytic Aluminum Business: Production and sales of aluminum ingots and liquid aluminum, ii) Alumina Business: Production and sales of alumina and other related types of products. The majority of its revenue is generated from the Electrolytic Aluminum Business.
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