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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:600428's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.035 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
COSCO SHIPPING Specialized Carriers Co (SHSE:600428) 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.
COSCO SHIPPING Specialized Carriers Co Net Current Asset Value Related Terms
COSCO SHIPPING Specialized Carriers 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.
COSCO SHIPPING Specialized Carriers Co Net Current Asset Value Chart
COSCO SHIPPING Specialized Carriers Co Annual Data
COSCO SHIPPING Specialized Carriers Co Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.
COSCO SHIPPING Specialized Carriers Co Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where COSCO SHIPPING Specialized Carriers 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 ¥-5.12 mean?
COSCO SHIPPING Specialized Carriers Co (SHSE:600428) has a Net Current Asset Value of ¥-5.12 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on COSCO SHIPPING Specialized Carriers Co and its competitors. According to the industry distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #999999 out of 358 companies in the Transportation industry.
Is COSCO SHIPPING Specialized Carriers Co's Net Current Asset Value too high?
COSCO SHIPPING Specialized Carriers Co's current Net Current Asset Value is ¥-5.12. Based on the distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #999999 out of 358 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, COSCO SHIPPING Specialized Carriers Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COSCO SHIPPING Specialized Carriers Co's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, COSCO SHIPPING Specialized Carriers Co ranks #999999 out of 358 companies for Net Current Asset Value. This places COSCO SHIPPING Specialized Carriers Co in the lower half of its industry. The industry median Net Current Asset Value is 4.04. 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.04, based on 358 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 COSCO SHIPPING Specialized Carriers Co and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COSCO SHIPPING Specialized Carriers Co's current Net Current Asset Value is ¥-5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COSCO SHIPPING Specialized Carriers Co stock overvalued right now?
Based on GuruFocus' analysis, COSCO SHIPPING Specialized Carriers Co (SHSE:600428) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.08, compared to a current price of ¥11.47 — trading 26.3% above its estimated fair value. The current Net Current Asset Value is ¥-5.12. COSCO SHIPPING Specialized Carriers Co's overall GF Score™ is 77/100 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 COSCO SHIPPING Specialized Carriers Co (SHSE:600428), the current Net Current Asset Value is ¥-5.12 as of Jun. 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 COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Overvalued in 2026?
Based on GuruFocus' analysis, COSCO SHIPPING Specialized Carriers Co stock appears to be overvalued.
The current stock price of ¥11.47 is trading 26.3% above its estimated GF Value™ of ¥9.08.
GuruFocus considers COSCO SHIPPING Specialized Carriers Co to be Modestly Overvalued.
Key valuation signals for SHSE:600428:
Net Current Asset Value: ¥-5.12
GF Value™: ¥9.08 vs. price of ¥11.47 (26.3% above fair value)
No single metric tells the full story. See the SHSE:600428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COSCO SHIPPING Specialized Carriers Co Ltd is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.
77GF Score
Get the complete analysis for SHSE:600428
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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