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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shanghai Material Trading CoSHSE:600822 +1.40%47 Net Current Asset Value is ¥1.93 as of Mar. 2026, which is 100% below its 10-year median of 16.86. GuruFocus rates SHSE:600822 with a GF Score™ of 47/100 and a GF Value™ of ¥5.83 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 218 Conglomerates companies, Shanghai Material Trading Co ranks worse than 51.38% 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).
Shanghai Material Trading Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥1.93.
The historical rank and industry rank for Shanghai Material Trading Co's Net Current Asset Value or its related term are showing as below:
SHSE:600822'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.03 Med: 16.86 Max: 520
Current: 4.14
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shanghai Material Trading Co was 520.00. The lowest was 4.03. And the median was 16.86.
SHSE:600822's Price-to-Net-Current-Asset-Value is ranked worse than 51.38% of 218
companies
in the Conglomerates industry
Industry Median: 4.095
vs SHSE:600822: 4.14
Shanghai Material Trading Co (SHSE:600822) 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.
Shanghai Material Trading Co Net Current Asset Value Related Terms
Shanghai Material Trading 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 Material Trading Co Net Current Asset Value Chart
SHSE:600822 vs MMM, HON: Net Current Asset Value Comparison
For the Conglomerates subindustry, Shanghai Material Trading 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 Material Trading Co Price-to-Net-Current-Asset-Value vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Shanghai Material Trading Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shanghai Material Trading 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 ¥1.93 mean?
Shanghai Material Trading Co (SHSE:600822) has a Net Current Asset Value of ¥1.93 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 Material Trading Co and its competitors. This is 89% below median its historical median of 16.86. Over the past decade, Shanghai Material Trading Co's Net Current Asset Value has ranged from 4.03 to 520.00. According to the industry distribution chart, Shanghai Material Trading Co ranks #112 out of 218 companies in the Conglomerates industry, placing it in the top 51.4%.
Is Shanghai Material Trading Co's Net Current Asset Value too high?
Shanghai Material Trading Co's current Net Current Asset Value of ¥1.93 is 89% below median its 10-year median of 16.86. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 520.00. Based on the distribution chart, Shanghai Material Trading Co ranks #112 out of 218 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Shanghai Material Trading Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Material Trading Co's Net Current Asset Value compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shanghai Material Trading Co ranks #112 out of 218 companies for Net Current Asset Value. This places Shanghai Material Trading Co in the lower half of its industry. The industry median Net Current Asset Value is 4.10. Historically, Shanghai Material Trading Co's own Net Current Asset Value has ranged from 4.03 to 520.00 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 Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.10, based on 218 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 Material Trading Co and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Material Trading Co's current Net Current Asset Value is ¥1.93, which is 89% below median its own 10-year median of 16.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Material Trading Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Material Trading Co (SHSE:600822) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.83, compared to a current price of ¥7.99 — trading 37% above its estimated fair value. The current Net Current Asset Value is ¥1.93, which is 89% below median its 10-year median of 16.86. Shanghai Material Trading Co's overall GF Score™ is 47/100 with 1 warning sign 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 Material Trading Co (SHSE:600822), the current Net Current Asset Value is ¥1.93 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 Material Trading Co (SHSE:600822) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Material Trading Co stock appears to be overvalued.
The current stock price of ¥7.99 is trading 37% above its estimated GF Value™ of ¥5.83.
GuruFocus considers Shanghai Material Trading Co to be Significantly Overvalued.
Key valuation signals for SHSE:600822:
Net Current Asset Value: ¥1.93 (89% below median its 10-year median of 16.86)
GF Value™: ¥5.83 vs. price of ¥7.99 (37% above fair value)
No single metric tells the full story. See the SHSE:600822 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Material Trading Co Ltd is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.
47GF Score
Get the complete analysis for SHSE:600822
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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