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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:08090'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.38
Current: 3.18
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shandong Baogai New Materials Technology Co was 3.38. The lowest was 0.00. And the median was 0.00.
HKSE:08090's Price-to-Net-Current-Asset-Value is ranked better than 57.87% of 178
companies
in the Building Materials industry
Industry Median: 3.995
vs HKSE:08090: 3.18
Shandong Baogai New Materials Technology Co (HKSE:08090) 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.
Shandong Baogai New Materials Technology Co Net Current Asset Value Related Terms
Shandong Baogai New Materials 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.
Shandong Baogai New Materials Technology Co Net Current Asset Value Chart
Shandong Baogai New Materials Technology Co Annual Data
Trend
Dec23
Dec24
Dec25
Net Current Asset Value
0.90
1.30
1.62
Shandong Baogai New Materials Technology Co Quarterly Data
Dec23
Dec24
Dec25
Net Current Asset Value
0.90
1.30
1.62
HKSE:08090 vs CRH, VMC, MLM: Net Current Asset Value Comparison
For the Building Materials subindustry, Shandong Baogai New Materials 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.
Shandong Baogai New Materials Technology Co Price-to-Net-Current-Asset-Value vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Shandong Baogai New Materials Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shandong Baogai New Materials Technology 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$1.62 mean?
Shandong Baogai New Materials Technology Co (HKSE:08090) has a Net Current Asset Value of HK$1.62 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 Shandong Baogai New Materials Technology Co and its competitors. According to the industry distribution chart, Shandong Baogai New Materials Technology Co ranks #75 out of 178 companies in the Building Materials industry, placing it in the top 42.1%.
Is Shandong Baogai New Materials Technology Co's Net Current Asset Value too high?
Shandong Baogai New Materials Technology Co's current Net Current Asset Value is HK$1.62. Based on the distribution chart, Shandong Baogai New Materials Technology Co ranks #75 out of 178 companies in the Building Materials industry, which is above the industry midpoint. Overall, Shandong Baogai New Materials Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Baogai New Materials Technology Co's Net Current Asset Value compare to CRH and VMC?
According to the Building Materials industry distribution chart, Shandong Baogai New Materials Technology Co ranks #75 out of 178 companies for Net Current Asset Value. This puts Shandong Baogai New Materials Technology Co in the upper half of its industry. The industry median Net Current Asset Value is 4.00. 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 Building Materials company?
The median Net Current Asset Value among Building Materials companies is 4.00, based on 178 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 Shandong Baogai New Materials Technology Co and its competitors. For the Building Materials industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Baogai New Materials Technology Co's current Net Current Asset Value is HK$1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Baogai New Materials Technology Co stock overvalued right now?
Shandong Baogai New Materials Technology Co (HKSE:08090) has a current Net Current Asset Value of HK$1.62. The current Net Current Asset Value is HK$1.62. Shandong Baogai New Materials Technology Co's overall GF Score™ is 20/100 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 Shandong Baogai New Materials Technology Co (HKSE:08090), the current Net Current Asset Value is HK$1.62 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.
Shandong Baogai New Materials Technology Co Business Description
Shandong Baogai New Materials Technology Co Ltd is a specialized manufacturer in China's composite trench cover industry, specializing in composite trench cover products for engineering and infrastructure needs. The principal activities of the company are engaged in the R&D, manufacturing, and sales of high-performance glass fiber-reinforced polymer trench covers, including cable trench covers, drainage covers,and manhole covers. The majority of the company's revenue is derived from the sale of cable trench covers and the rest from drainage trench covers, manhole trench covers, and others. Geographically, the maximum revenue is generated from the Chinese Mainland.
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