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.
Changchun Yidong Clutch CoSHSE:600148 -1.52%50 Net Current Asset Value is ¥1.74 as of Mar. 2026, which is 100% below its 10-year median of 10.27. GuruFocus rates SHSE:600148 with a GF Score™ of 50/100 and a GF Value™ of ¥22.74 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 705 Vehicles & Parts companies, Changchun Yidong Clutch Co ranks worse than 68.79% 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).
Changchun Yidong Clutch Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥1.74.
The historical rank and industry rank for Changchun Yidong Clutch Co's Net Current Asset Value or its related term are showing as below:
SHSE:600148'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.53 Med: 10.27 Max: 37.38
Current: 7.8
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Changchun Yidong Clutch Co was 37.38. The lowest was 6.53. And the median was 10.27.
SHSE:600148's Price-to-Net-Current-Asset-Value is ranked worse than 68.79% of 705
companies
in the Vehicles & Parts industry
Industry Median: 4.5
vs SHSE:600148: 7.80
Changchun Yidong Clutch Co (SHSE:600148) 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.
Changchun Yidong Clutch Co Net Current Asset Value Related Terms
Changchun Yidong Clutch 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.
Changchun Yidong Clutch Co Net Current Asset Value Chart
SHSE:600148 vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Changchun Yidong Clutch 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.
Changchun Yidong Clutch Co Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Changchun Yidong Clutch Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Changchun Yidong Clutch 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 ¥1.74 mean?
Changchun Yidong Clutch Co (SHSE:600148) has a Net Current Asset Value of ¥1.74 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 Changchun Yidong Clutch Co and its competitors. This is 83% below median its historical median of 10.27. Over the past decade, Changchun Yidong Clutch Co's Net Current Asset Value has ranged from 6.53 to 37.38. According to the industry distribution chart, Changchun Yidong Clutch Co ranks #485 out of 705 companies in the Vehicles & Parts industry, placing it in the top 68.8%.
Is Changchun Yidong Clutch Co's Net Current Asset Value too high?
Changchun Yidong Clutch Co's current Net Current Asset Value of ¥1.74 is 83% below median its 10-year median of 10.27. Over the past 10 years, this metric has ranged from a low of 6.53 to a high of 37.38. Based on the distribution chart, Changchun Yidong Clutch Co ranks #485 out of 705 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Changchun Yidong Clutch Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changchun Yidong Clutch Co's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Changchun Yidong Clutch Co ranks #485 out of 705 companies for Net Current Asset Value. This places Changchun Yidong Clutch Co in the lower half of its industry. The industry median Net Current Asset Value is 4.50. Historically, Changchun Yidong Clutch Co's own Net Current Asset Value has ranged from 6.53 to 37.38 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 4.50, based on 705 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 Changchun Yidong Clutch Co and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changchun Yidong Clutch Co's current Net Current Asset Value is ¥1.74, which is 83% below median its own 10-year median of 10.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changchun Yidong Clutch Co stock overvalued right now?
Based on GuruFocus' analysis, Changchun Yidong Clutch Co (SHSE:600148) is currently considered Possible Value Trap. The stock's GF Value™ is ¥22.74, compared to a current price of ¥13.58 — trading 40.3% below its estimated fair value. The current Net Current Asset Value is ¥1.74, which is 83% below median its 10-year median of 10.27. Changchun Yidong Clutch Co's overall GF Score™ is 50/100 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 Changchun Yidong Clutch Co (SHSE:600148), the current Net Current Asset Value is ¥1.74 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 Changchun Yidong Clutch Co (SHSE:600148) Overvalued in 2026?
Based on GuruFocus' analysis, Changchun Yidong Clutch Co stock appears to be undervalued.
The current stock price of ¥13.58 is trading 40.3% below its estimated GF Value™ of ¥22.74.
GuruFocus considers Changchun Yidong Clutch Co to be Possible Value Trap.
Key valuation signals for SHSE:600148:
Net Current Asset Value: ¥1.74 (83% below median its 10-year median of 10.27)
GF Value™: ¥22.74 vs. price of ¥13.58 (40.3% below fair value)
No single metric tells the full story. See the SHSE:600148 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changchun Yidong Clutch Co Ltd is engaged in the production of the automotive diaphragm spring clutch. The product line includes - DSP430 clutch, DSP210 clutch, DS395 clutch, hydraulic lock, hydraulic cylinder, manual pump, and electric pump.
50GF Score
Get the complete analysis for SHSE:600148
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:600148 has been successfully added to your 
