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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).
Wingtech Technology Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥-6.74.
The historical rank and industry rank for Wingtech Technology Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wingtech Technology Co was 259.88. The lowest was 117.65. And the median was 170.09.
SHSE:600745's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 5.08 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Wingtech Technology Co (SHSE:600745) 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.
Wingtech Technology Co Net Current Asset Value Related Terms
Wingtech Technology Co Net Current Asset Value Historical Data
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The historical data trend for Wingtech Technology 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.
Wingtech Technology Co Net Current Asset Value Chart
SHSE:600745 vs CSCO, MSI, HPE: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Wingtech Technology 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.
Wingtech Technology Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Wingtech Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wingtech Technology 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 ¥-6.74 mean?
Wingtech Technology Co (SHSE:600745) has a Net Current Asset Value of ¥-6.74 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 Wingtech Technology Co and its competitors. Over the past decade, Wingtech Technology Co's Net Current Asset Value has ranged from 117.65 to 259.88. According to the industry distribution chart, Wingtech Technology Co ranks #999999 out of 1847 companies in the Hardware industry.
Is Wingtech Technology Co's Net Current Asset Value too high?
Wingtech Technology Co's current Net Current Asset Value is ¥-6.74. Over the past 10 years, this metric has ranged from a low of 117.65 to a high of 259.88. Based on the distribution chart, Wingtech Technology Co ranks #999999 out of 1847 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Wingtech Technology Co has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wingtech Technology Co's Net Current Asset Value compare to CSCO and MSI?
According to the Hardware industry distribution chart, Wingtech Technology Co ranks #999999 out of 1847 companies for Net Current Asset Value. This places Wingtech Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 5.08. Historically, Wingtech Technology Co's own Net Current Asset Value has ranged from 117.65 to 259.88 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.08, based on 1,847 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 Wingtech Technology Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wingtech Technology Co's current Net Current Asset Value is ¥-6.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wingtech Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Wingtech Technology Co (SHSE:600745) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.98, compared to a current price of ¥16.84 — trading 53.4% above its estimated fair value. The current Net Current Asset Value is ¥-6.74. Wingtech Technology Co's overall GF Score™ is 39/100 with 8 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 Wingtech Technology Co (SHSE:600745), the current Net Current Asset Value is ¥-6.74 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 Wingtech Technology Co (SHSE:600745) Overvalued in 2026?
Based on GuruFocus' analysis, Wingtech Technology Co stock appears to be overvalued.
The current stock price of ¥16.84 is trading 53.4% above its estimated GF Value™ of ¥10.98.
GuruFocus considers Wingtech Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:600745:
Net Current Asset Value: ¥-6.74
GF Value™: ¥10.98 vs. price of ¥16.84 (53.4% above fair value)
No single metric tells the full story. See the SHSE:600745 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wingtech Technology Co Ltd is a China-based semiconductor and product integration company that integrates R&D, design, and production manufacturing. The company's operations are organized into three segments. The Product Integration Business Segment focuses on designing and producing mobile internet devices, with smartphones being the core product line. The Semiconductor Business Segment is dedicated to the innovation, development, and fabrication of semiconductor components. The Other Business Segment includes various supplementary operations that support the company's overall activities.
39GF Score
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