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Hebei Hengshui Laobaigan Liquor CoSHSE:600559 -3.32%87 Net Current Asset Value is ¥2.16 as of Mar. 2026, which is 100% below its 10-year median of 17.48. GuruFocus rates SHSE:600559 with a GF Score™ of 87/100 and a GF Value™ of ¥14.85 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Hebei Hengshui Laobaigan Liquor Co ranks worse than 50.85% 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).
The historical rank and industry rank for Hebei Hengshui Laobaigan Liquor Co's Net Current Asset Value or its related term are showing as below:
SHSE:600559'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.26 Med: 17.48 Max: 175.38
Current: 5.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hebei Hengshui Laobaigan Liquor Co was 175.38. The lowest was 5.26. And the median was 17.48.
SHSE:600559's Price-to-Net-Current-Asset-Value is ranked worse than 50.85% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.095
vs SHSE:600559: 5.26
Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) 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.
Hebei Hengshui Laobaigan Liquor Co Net Current Asset Value Related Terms
Hebei Hengshui Laobaigan Liquor 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.
Hebei Hengshui Laobaigan Liquor Co Net Current Asset Value Chart
SHSE:600559 vs BF.B: Net Current Asset Value Comparison
For the Beverages - Wineries & Distilleries subindustry, Hebei Hengshui Laobaigan Liquor 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.
Hebei Hengshui Laobaigan Liquor Co Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Hebei Hengshui Laobaigan Liquor Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hebei Hengshui Laobaigan Liquor 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 ¥2.16 mean?
Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) has a Net Current Asset Value of ¥2.16 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 Hebei Hengshui Laobaigan Liquor Co and its competitors. This is 88% below median its historical median of 17.48. Over the past decade, Hebei Hengshui Laobaigan Liquor Co's Net Current Asset Value has ranged from 5.26 to 175.38. According to the industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #60 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 50.8%.
Is Hebei Hengshui Laobaigan Liquor Co's Net Current Asset Value too high?
Hebei Hengshui Laobaigan Liquor Co's current Net Current Asset Value of ¥2.16 is 88% below median its 10-year median of 17.48. Over the past 10 years, this metric has ranged from a low of 5.26 to a high of 175.38. Based on the distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #60 out of 118 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Hebei Hengshui Laobaigan Liquor Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hebei Hengshui Laobaigan Liquor Co's Net Current Asset Value compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #60 out of 118 companies for Net Current Asset Value. This places Hebei Hengshui Laobaigan Liquor Co in the lower half of its industry. The industry median Net Current Asset Value is 5.10. Historically, Hebei Hengshui Laobaigan Liquor Co's own Net Current Asset Value has ranged from 5.26 to 175.38 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 Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.10, based on 118 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 Hebei Hengshui Laobaigan Liquor Co and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Hengshui Laobaigan Liquor Co's current Net Current Asset Value is ¥2.16, which is 88% below median its own 10-year median of 17.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Hengshui Laobaigan Liquor Co stock overvalued right now?
Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.85, compared to a current price of ¥11.35 — trading 23.6% below its estimated fair value. The current Net Current Asset Value is ¥2.16, which is 88% below median its 10-year median of 17.48. Hebei Hengshui Laobaigan Liquor Co's overall GF Score™ is 87/100 with 6 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559), the current Net Current Asset Value is ¥2.16 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) Overvalued in 2026?
Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co stock appears to be undervalued.
The current stock price of ¥11.35 is trading 23.6% below its estimated GF Value™ of ¥14.85.
GuruFocus considers Hebei Hengshui Laobaigan Liquor Co to be Modestly Undervalued.
Key valuation signals for SHSE:600559:
Net Current Asset Value: ¥2.16 (88% below median its 10-year median of 17.48)
GF Value™: ¥14.85 vs. price of ¥11.35 (23.6% below fair value)
No single metric tells the full story. See the SHSE:600559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hebei Hengshui Laobaigan Liquor Co Business Description
Hebei Hengshui Laobaigan Liquor Co Ltd is engaged in the brewing industry. It is a manufacturer in the white liquor industry in China. The company's products include Hengshui old white and Eighteen White Square and 67 degrees.
87GF Score
Get the complete analysis for SHSE:600559
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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