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AECC Aviation Power CoSHSE:600893 -2.81%69 Net Current Asset Value is ¥2.52 as of Mar. 2026, which is 100% below its 10-year median of 14.05. GuruFocus rates SHSE:600893 with a GF Score™ of 69/100 and a GF Value™ of ¥47.14 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 198 Aerospace & Defense companies, AECC Aviation Power Co ranks worse than 68.69% 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).
AECC Aviation Power Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥2.52.
The historical rank and industry rank for AECC Aviation Power Co's Net Current Asset Value or its related term are showing as below:
SHSE:600893'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.58 Med: 14.05 Max: 23.69
Current: 13.73
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of AECC Aviation Power Co was 23.69. The lowest was 10.58. And the median was 14.05.
SHSE:600893's Price-to-Net-Current-Asset-Value is ranked worse than 68.69% of 198
companies
in the Aerospace & Defense industry
Industry Median: 7.56
vs SHSE:600893: 13.73
AECC Aviation Power Co (SHSE:600893) 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.
AECC Aviation Power Co Net Current Asset Value Related Terms
AECC Aviation Power Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for AECC Aviation Power 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.
AECC Aviation Power Co Net Current Asset Value Chart
SHSE:600893 vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, AECC Aviation Power 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.
AECC Aviation Power Co Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, AECC Aviation Power Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where AECC Aviation Power 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 ¥2.52 mean?
AECC Aviation Power Co (SHSE:600893) has a Net Current Asset Value of ¥2.52 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 AECC Aviation Power Co and its competitors. This is 82% below median its historical median of 14.05. Over the past decade, AECC Aviation Power Co's Net Current Asset Value has ranged from 10.58 to 23.69. According to the industry distribution chart, AECC Aviation Power Co ranks #136 out of 198 companies in the Aerospace & Defense industry, placing it in the top 68.7%.
Is AECC Aviation Power Co's Net Current Asset Value too high?
AECC Aviation Power Co's current Net Current Asset Value of ¥2.52 is 82% below median its 10-year median of 14.05. Over the past 10 years, this metric has ranged from a low of 10.58 to a high of 23.69. Based on the distribution chart, AECC Aviation Power Co ranks #136 out of 198 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, AECC Aviation Power Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AECC Aviation Power Co's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, AECC Aviation Power Co ranks #136 out of 198 companies for Net Current Asset Value. This places AECC Aviation Power Co in the lower half of its industry. The industry median Net Current Asset Value is 7.56. Historically, AECC Aviation Power Co's own Net Current Asset Value has ranged from 10.58 to 23.69 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 Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.56, based on 198 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 AECC Aviation Power Co and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AECC Aviation Power Co's current Net Current Asset Value is ¥2.52, which is 82% below median its own 10-year median of 14.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AECC Aviation Power Co stock overvalued right now?
Based on GuruFocus' analysis, AECC Aviation Power Co (SHSE:600893) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥47.14, compared to a current price of ¥34.60 — trading 26.6% below its estimated fair value. The current Net Current Asset Value is ¥2.52, which is 82% below median its 10-year median of 14.05. AECC Aviation Power Co's overall GF Score™ is 69/100 with 10 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 AECC Aviation Power Co (SHSE:600893), the current Net Current Asset Value is ¥2.52 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 AECC Aviation Power Co (SHSE:600893) Overvalued in 2026?
Based on GuruFocus' analysis, AECC Aviation Power Co stock appears to be undervalued.
The current stock price of ¥34.60 is trading 26.6% below its estimated GF Value™ of ¥47.14.
GuruFocus considers AECC Aviation Power Co to be Modestly Undervalued.
Key valuation signals for SHSE:600893:
Net Current Asset Value: ¥2.52 (82% below median its 10-year median of 14.05)
GF Value™: ¥47.14 vs. price of ¥34.60 (26.6% below fair value)
No single metric tells the full story. See the SHSE:600893 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing, and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy, and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.
69GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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