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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).
NBTM New Materials Group Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥-1.07.
The historical rank and industry rank for NBTM New Materials Group Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of NBTM New Materials Group Co was 162.26. The lowest was 6.74. And the median was 10.82.
SHSE:600114's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.595 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
NBTM New Materials Group Co (SHSE:600114) 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.
NBTM New Materials Group Co Net Current Asset Value Related Terms
NBTM New Materials 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.
NBTM New Materials Group Co Net Current Asset Value Chart
SHSE:600114 vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, NBTM New Materials 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.
NBTM New Materials Group Co Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NBTM New Materials Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NBTM New Materials 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 ¥-1.07 mean?
NBTM New Materials Group Co (SHSE:600114) has a Net Current Asset Value of ¥-1.07 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 NBTM New Materials Group Co and its competitors. Over the past decade, NBTM New Materials Group Co's Net Current Asset Value has ranged from 6.74 to 162.26. According to the industry distribution chart, NBTM New Materials Group Co ranks #999999 out of 704 companies in the Vehicles & Parts industry.
Is NBTM New Materials Group Co's Net Current Asset Value too high?
NBTM New Materials Group Co's current Net Current Asset Value is ¥-1.07. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 162.26. Based on the distribution chart, NBTM New Materials Group Co ranks #999999 out of 704 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, NBTM New Materials Group Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NBTM New Materials Group Co's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NBTM New Materials Group Co ranks #999999 out of 704 companies for Net Current Asset Value. This places NBTM New Materials Group Co in the lower half of its industry. The industry median Net Current Asset Value is 4.60. Historically, NBTM New Materials Group Co's own Net Current Asset Value has ranged from 6.74 to 162.26 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.60, based on 704 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 NBTM New Materials Group Co and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBTM New Materials Group Co's current Net Current Asset Value is ¥-1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBTM New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, NBTM New Materials Group Co (SHSE:600114) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.57, compared to a current price of ¥27.23 — trading 15.5% above its estimated fair value. The current Net Current Asset Value is ¥-1.07. NBTM New Materials Group Co's overall GF Score™ is 90/100 with 1 warning sign 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 NBTM New Materials Group Co (SHSE:600114), the current Net Current Asset Value is ¥-1.07 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 NBTM New Materials Group Co (SHSE:600114) Overvalued in 2026?
Based on GuruFocus' analysis, NBTM New Materials Group Co stock appears to be overvalued.
The current stock price of ¥27.23 is trading 15.5% above its estimated GF Value™ of ¥23.57.
GuruFocus considers NBTM New Materials Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:600114:
Net Current Asset Value: ¥-1.07
GF Value™: ¥23.57 vs. price of ¥27.23 (15.5% above fair value)
No single metric tells the full story. See the SHSE:600114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.
90GF Score
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