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Sichuan Hongda CoSHSE:600331 +4.12%58 Net Current Asset Value is ¥0.74 as of Mar. 2026, which is 100% below its 10-year median of 15.20. GuruFocus rates SHSE:600331 with a GF Score™ of 58/100 and a GF Value™ of ¥6.85 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,347 Metals & Mining companies, Sichuan Hongda Co ranks worse than 78.69% 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).
Sichuan Hongda Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥0.74.
The historical rank and industry rank for Sichuan Hongda Co's Net Current Asset Value or its related term are showing as below:
SHSE:600331'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.82 Med: 15.2 Max: 19.84
Current: 15.01
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sichuan Hongda Co was 19.84. The lowest was 8.82. And the median was 15.20.
SHSE:600331's Price-to-Net-Current-Asset-Value is ranked worse than 78.69% of 1347
companies
in the Metals & Mining industry
Industry Median: 6.41
vs SHSE:600331: 15.01
Sichuan Hongda Co (SHSE:600331) 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.
Sichuan Hongda Co Net Current Asset Value Related Terms
Sichuan Hongda Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sichuan Hongda 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.
Sichuan Hongda Co Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Sichuan Hongda 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.
Sichuan Hongda Co Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sichuan Hongda Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sichuan Hongda 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 ¥0.74 mean?
Sichuan Hongda Co (SHSE:600331) has a Net Current Asset Value of ¥0.74 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 Sichuan Hongda Co and its competitors. This is 95% below median its historical median of 15.20. Over the past decade, Sichuan Hongda Co's Net Current Asset Value has ranged from 8.82 to 19.84. According to the industry distribution chart, Sichuan Hongda Co ranks #1060 out of 1347 companies in the Metals & Mining industry, placing it in the top 78.7%.
Is Sichuan Hongda Co's Net Current Asset Value too high?
Sichuan Hongda Co's current Net Current Asset Value of ¥0.74 is 95% below median its 10-year median of 15.20. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 19.84. Based on the distribution chart, Sichuan Hongda Co ranks #1060 out of 1347 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Sichuan Hongda Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Hongda Co's Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, Sichuan Hongda Co ranks #1060 out of 1347 companies for Net Current Asset Value. This places Sichuan Hongda Co in the lower half of its industry. The industry median Net Current Asset Value is 6.41. Historically, Sichuan Hongda Co's own Net Current Asset Value has ranged from 8.82 to 19.84 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.41, based on 1,347 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 Sichuan Hongda Co and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Hongda Co's current Net Current Asset Value is ¥0.74, which is 95% below median its own 10-year median of 15.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Hongda Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Hongda Co (SHSE:600331) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.85, compared to a current price of ¥11.11 — trading 62.2% above its estimated fair value. The current Net Current Asset Value is ¥0.74, which is 95% below median its 10-year median of 15.20. Sichuan Hongda Co's overall GF Score™ is 58/100 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 Sichuan Hongda Co (SHSE:600331), the current Net Current Asset Value is ¥0.74 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 Sichuan Hongda Co (SHSE:600331) Overvalued in 2026?
Based on GuruFocus' analysis, Sichuan Hongda Co stock appears to be overvalued.
The current stock price of ¥11.11 is trading 62.2% above its estimated GF Value™ of ¥6.85.
GuruFocus considers Sichuan Hongda Co to be Significantly Overvalued.
Key valuation signals for SHSE:600331:
Net Current Asset Value: ¥0.74 (95% below median its 10-year median of 15.20)
GF Value™: ¥6.85 vs. price of ¥11.11 (62.2% above fair value)
No single metric tells the full story. See the SHSE:600331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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