Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Zhejiang Zhenshi New Materials CoSHSE:601112 -2.00%11 Net Current Asset Value is ¥1.48 as of Mar. 2026, which is 100% below its 10-year median of 12.84. GuruFocus rates SHSE:601112 with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 2,213 Industrial Products companies, Zhejiang Zhenshi New Materials Co ranks worse than 72.16% 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 Zhejiang Zhenshi New Materials Co's Net Current Asset Value or its related term are showing as below:
SHSE:601112'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.24 Med: 12.84 Max: 12.84
Current: 10.24
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zhejiang Zhenshi New Materials Co was 12.84. The lowest was 10.24. And the median was 12.84.
SHSE:601112's Price-to-Net-Current-Asset-Value is ranked worse than 72.16% of 2213
companies
in the Industrial Products industry
Industry Median: 5.04
vs SHSE:601112: 10.24
Zhejiang Zhenshi New Materials Co (SHSE:601112) 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.
Zhejiang Zhenshi New Materials Co Net Current Asset Value Related Terms
Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co Net Current Asset Value Chart
SHSE:601112 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Zhenshi New Materials Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zhejiang Zhenshi New Materials 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 ¥1.48 mean?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a Net Current Asset Value of ¥1.48 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 Zhejiang Zhenshi New Materials Co and its competitors. This is 88% below median its historical median of 12.84. Over the past decade, Zhejiang Zhenshi New Materials Co's Net Current Asset Value has ranged from 10.24 to 12.84. According to the industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #1597 out of 2213 companies in the Industrial Products industry, placing it in the top 72.2%.
Is Zhejiang Zhenshi New Materials Co's Net Current Asset Value too high?
Zhejiang Zhenshi New Materials Co's current Net Current Asset Value of ¥1.48 is 88% below median its 10-year median of 12.84. Over the past 10 years, this metric has ranged from a low of 10.24 to a high of 12.84. Based on the distribution chart, Zhejiang Zhenshi New Materials Co ranks #1597 out of 2213 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zhejiang Zhenshi New Materials Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zhenshi New Materials Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #1597 out of 2213 companies for Net Current Asset Value. This places Zhejiang Zhenshi New Materials Co in the lower half of its industry. The industry median Net Current Asset Value is 5.04. Historically, Zhejiang Zhenshi New Materials Co's own Net Current Asset Value has ranged from 10.24 to 12.84 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.04, based on 2,213 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 Zhejiang Zhenshi New Materials Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zhenshi New Materials Co's current Net Current Asset Value is ¥1.48, which is 88% below median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zhenshi New Materials Co stock overvalued right now?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a current Net Current Asset Value of ¥1.48. The current Net Current Asset Value is ¥1.48, which is 88% below median its 10-year median of 12.84. Zhejiang Zhenshi New Materials Co's overall GF Score™ is 11/100 with 3 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 Zhejiang Zhenshi New Materials Co (SHSE:601112), the current Net Current Asset Value is ¥1.48 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.
Zhejiang Zhenshi New Materials Co Business Description
Zhejiang Zhenshi New Materials Co Ltd is engaged in the research and development, production, and sale of fiber reinforcement materials for clean energy applications. Its activities include the manufacturing and sale of fiberglass, glass fiber reinforced plastic products, high-performance fibers and composites, as well as related power electronic components. The company specializes in the research and development, production and sales of high-performance fiber weaving, thermosetting and thermoplastic composite products. The products are used in new energy wind power, solar photovoltaic, new energy vehicles, transportation, building materials and home furnishings.
11GF Score
Get the complete analysis for SHSE:601112
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:601112 has been successfully added to your 
