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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).
SHSE:600151's Price-to-Net-Current-Asset-Value is ranked worse than 87.55% of 707
companies
in the Vehicles & Parts industry
Industry Median: 4.7
vs SHSE:600151: 24.00
Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) 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 GrahamÂ’s 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 Aerospace Automobile Electromechanical Co Net Current Asset Value Related Terms
Shanghai Aerospace Automobile Electromechanical 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 Aerospace Automobile Electromechanical Co Net Current Asset Value Chart
Shanghai Aerospace Automobile Electromechanical Co Annual Data
SHSE:600151 vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Shanghai Aerospace Automobile Electromechanical 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 Aerospace Automobile Electromechanical Co Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
* 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 ¥0.38 mean?
Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) has a Net Current Asset Value of ¥0.38 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 Shanghai Aerospace Automobile Electromechanical Co and its competitors. This is 99% below median its historical median of 36.99. Over the past decade, Shanghai Aerospace Automobile Electromechanical Co's Net Current Asset Value has ranged from 23.97 to 759.00. According to the industry distribution chart, Shanghai Aerospace Automobile Electromechanical Co ranks #619 out of 707 companies in the Vehicles & Parts industry, placing it in the top 87.6%.
Is Shanghai Aerospace Automobile Electromechanical Co's Net Current Asset Value too high?
Shanghai Aerospace Automobile Electromechanical Co's current Net Current Asset Value of ¥0.38 is 99% below median its 10-year median of 36.99. Over the past 10 years, this metric has ranged from a low of 23.97 to a high of 759.00. Based on the distribution chart, Shanghai Aerospace Automobile Electromechanical Co ranks #619 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Shanghai Aerospace Automobile Electromechanical Co has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Aerospace Automobile Electromechanical Co's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shanghai Aerospace Automobile Electromechanical Co ranks #619 out of 707 companies for Net Current Asset Value. This places Shanghai Aerospace Automobile Electromechanical Co in the lower half of its industry. The industry median Net Current Asset Value is 4.70. Historically, Shanghai Aerospace Automobile Electromechanical Co's own Net Current Asset Value has ranged from 23.97 to 759.00 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.70, based on 707 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 Shanghai Aerospace Automobile Electromechanical Co and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Aerospace Automobile Electromechanical Co's current Net Current Asset Value is ¥0.38, which is 99% below median its own 10-year median of 36.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Aerospace Automobile Electromechanical Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.80, compared to a current price of ¥9.12 — trading 140% above its estimated fair value. The current Net Current Asset Value is ¥0.38, which is 99% below median its 10-year median of 36.99. Shanghai Aerospace Automobile Electromechanical Co's overall GF Score™ is 43/100 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 Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151), the current Net Current Asset Value is ¥0.38 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 Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Aerospace Automobile Electromechanical Co stock appears to be overvalued.
The current stock price of Â¥9.12 is trading 140% above its estimated GF Value™ of Â¥3.80.
GuruFocus considers Shanghai Aerospace Automobile Electromechanical Co to be Significantly Overvalued.
Key valuation signals for SHSE:600151:
Net Current Asset Value: ¥0.38 (99% below median its 10-year median of 36.99)
GF Value™: Â¥3.80 vs. price of Â¥9.12 (140% above fair value)
No single metric tells the full story. See the SHSE:600151 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Aerospace Automobile Electromechanical Co Business Description
Shanghai Aerospace Automobile Electromechanical Co Ltd manufactures and sells solar products in China and internationally. It manufactures ingots, wafers, cells, solar modules, and solar systems. It also provides various auto parts, such as HVAC assembly products, air conditioning systems, serpentine and parallel flow condensers, serpentine heating cores, aluminum brazing heating cores and air-conditioner pipelines among other products.
43GF Score
Get the complete analysis for SHSE:600151
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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