Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kangxin New Materials CoSHSE:600076 +1.97%47 Net Current Asset Value is ¥0.94 as of Mar. 2026, which is 100% below its 10-year median of 3.33. GuruFocus rates SHSE:600076 with a GF Score™ of 47/100 and a GF Value™ of ¥2.60 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 127 Forest Products companies, Kangxin New Materials Co ranks worse than 51.97% 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).
Kangxin New Materials Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥0.94.
The historical rank and industry rank for Kangxin New Materials Co's Net Current Asset Value or its related term are showing as below:
SHSE:600076'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.31 Med: 3.33 Max: 16.47
Current: 3.3
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kangxin New Materials Co was 16.47. The lowest was 1.31. And the median was 3.33.
SHSE:600076's Price-to-Net-Current-Asset-Value is ranked worse than 51.97% of 127
companies
in the Forest Products industry
Industry Median: 3.14
vs SHSE:600076: 3.30
Kangxin New Materials Co (SHSE:600076) 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.
Kangxin New Materials Co Net Current Asset Value Related Terms
Kangxin New Materials Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kangxin New Materials Co'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.
Kangxin New Materials Co Net Current Asset Value Chart
SHSE:600076 vs SSD, UFPI, BCC: Net Current Asset Value Comparison
For the Lumber & Wood Production subindustry, Kangxin New Materials 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.
Kangxin New Materials Co Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kangxin New Materials 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 ¥0.94 mean?
Kangxin New Materials Co (SHSE:600076) has a Net Current Asset Value of ¥0.94 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 Kangxin New Materials Co and its competitors. This is 72% below median its historical median of 3.33. Over the past decade, Kangxin New Materials Co's Net Current Asset Value has ranged from 1.31 to 16.47. According to the industry distribution chart, Kangxin New Materials Co ranks #66 out of 127 companies in the Forest Products industry, placing it in the top 52%.
Is Kangxin New Materials Co's Net Current Asset Value too high?
Kangxin New Materials Co's current Net Current Asset Value of ¥0.94 is 72% below median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 16.47. Based on the distribution chart, Kangxin New Materials Co ranks #66 out of 127 companies in the Forest Products industry, which is below the industry midpoint. Overall, Kangxin New Materials Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kangxin New Materials Co's Net Current Asset Value compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Kangxin New Materials Co ranks #66 out of 127 companies for Net Current Asset Value. This places Kangxin New Materials Co in the lower half of its industry. The industry median Net Current Asset Value is 3.14. Historically, Kangxin New Materials Co's own Net Current Asset Value has ranged from 1.31 to 16.47 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 Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.14, based on 127 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 Kangxin New Materials Co and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kangxin New Materials Co's current Net Current Asset Value is ¥0.94, which is 72% below median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kangxin New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Kangxin New Materials Co (SHSE:600076) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.60, compared to a current price of ¥3.10 — trading 19.2% above its estimated fair value. The current Net Current Asset Value is ¥0.94, which is 72% below median its 10-year median of 3.33. Kangxin New Materials Co's overall GF Score™ is 47/100 with 4 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 Kangxin New Materials Co (SHSE:600076), the current Net Current Asset Value is ¥0.94 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 Kangxin New Materials Co (SHSE:600076) Overvalued in 2026?
Based on GuruFocus' analysis, Kangxin New Materials Co stock appears to be overvalued.
The current stock price of ¥3.10 is trading 19.2% above its estimated GF Value™ of ¥2.60.
GuruFocus considers Kangxin New Materials Co to be Modestly Overvalued.
Key valuation signals for SHSE:600076:
Net Current Asset Value: ¥0.94 (72% below median its 10-year median of 3.33)
GF Value™: ¥2.60 vs. price of ¥3.10 (19.2% above fair value)
No single metric tells the full story. See the SHSE:600076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.
47GF Score
Get the complete analysis for SHSE:600076
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600076 has been successfully added to your 
