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Guangdong Meiyan Jixiang Hydropower CoSHSE:600868 -0.73%63 Net Current Asset Value is ¥0.05 as of Mar. 2026, which is 100% below its 10-year median of 23.57. GuruFocus rates SHSE:600868 with a GF Score™ of 63/100 and a GF Value™ of ¥2.83 (Fairly Valued). The stock has 4 warning signs investors should review. Among 105 Utilities - Independent Power Producers companies, Guangdong Meiyan Jixiang Hydropower Co ranks worse than 94.29% 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).
SHSE:600868'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.36 Med: 23.57 Max: 167
Current: 54.2
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Guangdong Meiyan Jixiang Hydropower Co was 167.00. The lowest was 7.36. And the median was 23.57.
SHSE:600868's Price-to-Net-Current-Asset-Value is ranked worse than 94.29% of 105
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.96
vs SHSE:600868: 54.20
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) 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.
Guangdong Meiyan Jixiang Hydropower Co Net Current Asset Value Related Terms
Guangdong Meiyan Jixiang Hydropower 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.
Guangdong Meiyan Jixiang Hydropower Co Net Current Asset Value Chart
Guangdong Meiyan Jixiang Hydropower Co Annual Data
Guangdong Meiyan Jixiang Hydropower Co Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Guangdong Meiyan Jixiang Hydropower 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.
Guangdong Meiyan Jixiang Hydropower Co Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Guangdong Meiyan Jixiang Hydropower Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Guangdong Meiyan Jixiang Hydropower 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 ¥0.05 mean?
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) has a Net Current Asset Value of ¥0.05 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 Guangdong Meiyan Jixiang Hydropower Co and its competitors. This is 100% below median its historical median of 23.57. Over the past decade, Guangdong Meiyan Jixiang Hydropower Co's Net Current Asset Value has ranged from 7.36 to 167.00. According to the industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #99 out of 105 companies in the Utilities - Independent Power Producers industry, placing it in the top 94.3%.
Is Guangdong Meiyan Jixiang Hydropower Co's Net Current Asset Value too high?
Guangdong Meiyan Jixiang Hydropower Co's current Net Current Asset Value of ¥0.05 is 100% below median its 10-year median of 23.57. Over the past 10 years, this metric has ranged from a low of 7.36 to a high of 167.00. Based on the distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #99 out of 105 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Guangdong Meiyan Jixiang Hydropower Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Meiyan Jixiang Hydropower Co's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #99 out of 105 companies for Net Current Asset Value. This places Guangdong Meiyan Jixiang Hydropower Co in the lower half of its industry. The industry median Net Current Asset Value is 4.96. Historically, Guangdong Meiyan Jixiang Hydropower Co's own Net Current Asset Value has ranged from 7.36 to 167.00 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.96, based on 105 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 Guangdong Meiyan Jixiang Hydropower Co and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Meiyan Jixiang Hydropower Co's current Net Current Asset Value is ¥0.05, which is 100% below median its own 10-year median of 23.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Meiyan Jixiang Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.83, compared to a current price of ¥2.71 — trading 4.2% below its estimated fair value. The current Net Current Asset Value is ¥0.05, which is 100% below median its 10-year median of 23.57. Guangdong Meiyan Jixiang Hydropower Co's overall GF Score™ is 63/100 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 Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868), the current Net Current Asset Value is ¥0.05 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 Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co stock appears to be undervalued.
The current stock price of ¥2.71 is trading 4.2% below its estimated GF Value™ of ¥2.83.
GuruFocus considers Guangdong Meiyan Jixiang Hydropower Co to be Fairly Valued.
Key valuation signals for SHSE:600868:
Net Current Asset Value: ¥0.05 (100% below median its 10-year median of 23.57)
GF Value™: ¥2.83 vs. price of ¥2.71 (4.2% below fair value)
No single metric tells the full story. See the SHSE:600868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Meiyan Jixiang Hydropower Co Ltd is mainly engaged in power generation and hydropower generation in China. The company's main business is hydropower generation. Its business divisions include hydroelectric generation, copper foil production, cement industry, silver mining, education services business and sales. The company mainly operates its business in Guangdong Province.
63GF Score
Get the complete analysis for SHSE:600868
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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