ZTO Express (Cayman)MEX:ZTO N 88 Net Current Asset Value is MXN10.90 as of Mar. 2026, which is 100% below its 10-year median of 11.04. GuruFocus rates MEX:ZTO N with a GF Score™ of 88/100 and a GF Value™ of MXN514.29. The stock has 2 warning signs investors should review. Among 358 Transportation companies, ZTO Express (Cayman) ranks worse than 93.02% on this metric.
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).
ZTO Express (Cayman)'s net current asset value per share for the quarter that ended in Mar. 2026 was MXN10.90.
The historical rank and industry rank for ZTO Express (Cayman)'s Net Current Asset Value or its related term are showing as below:
MEX:ZTO N'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.42 Med: 11.04 Max: 1955
Current: 39.08
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of ZTO Express (Cayman) was 1955.00. The lowest was 5.42. And the median was 11.04.
MEX:ZTO N's Price-to-Net-Current-Asset-Value is ranked worse than 93.02% of 358
companies
in the Transportation industry
Industry Median: 3.93
vs MEX:ZTO N: 39.08
ZTO Express (Cayman) (MEX:ZTO N) 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.
ZTO Express (Cayman) Net Current Asset Value Related Terms
ZTO Express (Cayman) Net Current Asset Value Historical Data
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The historical data trend for ZTO Express (Cayman)'s Net Current Asset Value can be seen below:
* 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.
ZTO Express (Cayman) Net Current Asset Value Chart
MEX:ZTO N vs EXPD, CHRW, FDXF: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.
ZTO Express (Cayman) Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'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 MXN10.90 mean?
ZTO Express (Cayman) (MEX:ZTO N) has a Net Current Asset Value of MXN10.90 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ZTO Express (Cayman) and its competitors. This is near median its historical median of 11.04. Over the past decade, ZTO Express (Cayman)'s Net Current Asset Value has ranged from 5.42 to 1,955.00. According to the industry distribution chart, ZTO Express (Cayman) ranks #333 out of 358 companies in the Transportation industry, placing it in the top 93%.
Is ZTO Express (Cayman)'s Net Current Asset Value too high?
ZTO Express (Cayman)'s current Net Current Asset Value of MXN10.90 is near median its 10-year median of 11.04. Over the past 10 years, this metric has ranged from a low of 5.42 to a high of 1,955.00. Based on the distribution chart, ZTO Express (Cayman) ranks #333 out of 358 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, ZTO Express (Cayman) has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Net Current Asset Value compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #333 out of 358 companies for Net Current Asset Value. This places ZTO Express (Cayman) in the lower half of its industry. The industry median Net Current Asset Value is 3.93. Historically, ZTO Express (Cayman)'s own Net Current Asset Value has ranged from 5.42 to 1,955.00 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 3.93, based on 358 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 ZTO Express (Cayman) and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current Net Current Asset Value is MXN10.90, which is near median its own 10-year median of 11.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
ZTO Express (Cayman) (MEX:ZTO N) has a current Net Current Asset Value of MXN10.90. The stock's GF Value™ is MXN514.29, compared to a current price of MXN426.00 — trading 17.2% below its estimated fair value. The current Net Current Asset Value is MXN10.90, which is near median its 10-year median of 11.04. ZTO Express (Cayman)'s overall GF Score™ is 88/100 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 ZTO Express (Cayman) (MEX:ZTO N), the current Net Current Asset Value is MXN10.90 as of Mar. 2026. 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.
Is ZTO Express (Cayman) (MEX:ZTO N) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of MXN426.00 is trading 17.2% below its estimated GF Value™ of MXN514.29.
Key valuation signals for MEX:ZTO N:
Net Current Asset Value: MXN10.90 (near median its 10-year median of 11.04)
GF Value™: MXN514.29 vs. price of MXN426.00 (17.2% below fair value)
No single metric tells the full story. See the MEX:ZTO N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
88GF Score
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