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).
SFDMY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.27 Med: 4.35 Max: 8.97
Current: 6.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shanghai Fudan Microelectronics Group Co was 8.97. The lowest was 3.27. And the median was 4.35.
SFDMY's Price-to-Net-Current-Asset-Value is ranked better than 64.44% of 720
companies
in the Semiconductors industry
Industry Median: 9.615
vs SFDMY: 6.11
Shanghai Fudan Microelectronics Group Co (OTCPK:SFDMY) 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.
Shanghai Fudan Microelectronics Group Co Net Current Asset Value Related Terms
Shanghai Fudan Microelectronics Group 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.
Shanghai Fudan Microelectronics Group Co Net Current Asset Value Chart
Shanghai Fudan Microelectronics Group Co Annual Data
SFDMY vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, Shanghai Fudan Microelectronics Group 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.
Shanghai Fudan Microelectronics Group Co Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shanghai Fudan Microelectronics Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shanghai Fudan Microelectronics Group 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 $19.59 mean?
Shanghai Fudan Microelectronics Group Co (SFDMY) has a Net Current Asset Value of $19.59 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 Shanghai Fudan Microelectronics Group Co and its competitors. This is 350% above median its historical median of 4.35. Over the past decade, Shanghai Fudan Microelectronics Group Co's Net Current Asset Value has ranged from 3.27 to 8.97. According to the industry distribution chart, Shanghai Fudan Microelectronics Group Co ranks #256 out of 720 companies in the Semiconductors industry, placing it in the top 35.6%.
Is Shanghai Fudan Microelectronics Group Co's Net Current Asset Value too high?
Shanghai Fudan Microelectronics Group Co's current Net Current Asset Value of $19.59 is 350% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 8.97. The Semiconductors industry median Net Current Asset Value is 9.62. Shanghai Fudan Microelectronics Group Co's value of $19.59 is 103.7% above this industry median. Based on the distribution chart, Shanghai Fudan Microelectronics Group Co ranks #256 out of 720 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Shanghai Fudan Microelectronics Group Co has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Fudan Microelectronics Group Co's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Fudan Microelectronics Group Co ranks #256 out of 720 companies for Net Current Asset Value. This puts Shanghai Fudan Microelectronics Group Co in the upper half of its industry. The industry median Net Current Asset Value is 9.62. Shanghai Fudan Microelectronics Group Co's value of $19.59 is 103.7% above this benchmark. Historically, Shanghai Fudan Microelectronics Group Co's own Net Current Asset Value has ranged from 3.27 to 8.97 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 9.62, Shanghai Fudan Microelectronics Group Co has consistently been above the industry average. 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.62, based on 720 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. Shanghai Fudan Microelectronics Group Co's current Net Current Asset Value of $19.59 is 103.7% above the industry median. 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 Shanghai Fudan Microelectronics Group Co and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Fudan Microelectronics Group Co's current Net Current Asset Value is $19.59, which is 350% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Fudan Microelectronics Group Co stock overvalued right now?
Shanghai Fudan Microelectronics Group Co (SFDMY) has a current Net Current Asset Value of $19.59. The stock's GF Value™ is $38.06, compared to a current price of $49.75 — trading 30.7% above its estimated fair value. The current Net Current Asset Value is $19.59, which is 350% above median its 10-year median of 4.35 and 103.7% above the Semiconductors industry median of 9.62. Shanghai Fudan Microelectronics Group Co's overall GF Score™ is 91/100 with 5 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 Shanghai Fudan Microelectronics Group Co (SFDMY), the current Net Current Asset Value is $19.59 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.
Is Shanghai Fudan Microelectronics Group Co (SFDMY) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Fudan Microelectronics Group Co stock appears to be overvalued.
The current stock price of $49.75 is trading 30.7% above its estimated GF Value™ of $38.06.
Key valuation signals for SFDMY:
Net Current Asset Value: $19.59 (350% above median its 10-year median of 4.35)
GF Value™: $38.06 vs. price of $49.75 (30.7% above fair value)
Industry Position: 103.7% above the Semiconductors median (#256 of 720)
No single metric tells the full story. See the SFDMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Fudan Microelectronics Group Co Business Description
Shanghai Fudan Microelectronics Group Co Ltd is a China-based company. Along with its subsidiaries, it is engaged in the design, development, and sale of integrated circuit products; and integrated circuit product testing services. The company is organised into business units based on products and services and has two reportable segments as follows: The design, development and sale of IC products segment (Design segment): Production of security and identification chips, non-volatile memory, smart meter chips, FPGAs, and other chips; and The provision of testing services for the IC products segment (Testing segment): IC chip and IC product testing services.
91GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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