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Ningbo Jintian Copper Group CoSHSE:601609 -4.15%82 Net Current Asset Value is ¥1.55 as of Mar. 2026, which is 100% below its 10-year median of 7.25. GuruFocus rates SHSE:601609 with a GF Score™ of 82/100 and a GF Value™ of ¥7.61 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,350 Metals & Mining companies, Ningbo Jintian Copper Group Co ranks better than 52.3% 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 Ningbo Jintian Copper Group Co's Net Current Asset Value or its related term are showing as below:
SHSE:601609'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.97 Med: 7.25 Max: 9.66
Current: 6.12
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ningbo Jintian Copper Group Co was 9.66. The lowest was 5.97. And the median was 7.25.
SHSE:601609's Price-to-Net-Current-Asset-Value is ranked better than 52.3% of 1350
companies
in the Metals & Mining industry
Industry Median: 6.4
vs SHSE:601609: 6.12
Ningbo Jintian Copper Group Co (SHSE:601609) 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.
Ningbo Jintian Copper Group Co Net Current Asset Value Related Terms
Ningbo Jintian Copper Group 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.
Ningbo Jintian Copper Group Co Net Current Asset Value Chart
SHSE:601609 vs SCCO, FCX: Net Current Asset Value Comparison
For the Copper subindustry, Ningbo Jintian Copper Group 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.
Ningbo Jintian Copper Group Co Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ningbo Jintian Copper Group 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 ¥1.55 mean?
Ningbo Jintian Copper Group Co (SHSE:601609) has a Net Current Asset Value of ¥1.55 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 Ningbo Jintian Copper Group Co and its competitors. This is 79% below median its historical median of 7.25. Over the past decade, Ningbo Jintian Copper Group Co's Net Current Asset Value has ranged from 5.97 to 9.66. According to the industry distribution chart, Ningbo Jintian Copper Group Co ranks #644 out of 1350 companies in the Metals & Mining industry, placing it in the top 47.7%.
Is Ningbo Jintian Copper Group Co's Net Current Asset Value too high?
Ningbo Jintian Copper Group Co's current Net Current Asset Value of ¥1.55 is 79% below median its 10-year median of 7.25. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 9.66. Based on the distribution chart, Ningbo Jintian Copper Group Co ranks #644 out of 1350 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ningbo Jintian Copper Group Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Jintian Copper Group Co's Net Current Asset Value compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ningbo Jintian Copper Group Co ranks #644 out of 1350 companies for Net Current Asset Value. This puts Ningbo Jintian Copper Group Co in the upper half of its industry. The industry median Net Current Asset Value is 6.40. Historically, Ningbo Jintian Copper Group Co's own Net Current Asset Value has ranged from 5.97 to 9.66 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.40, based on 1,350 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 Ningbo Jintian Copper Group Co and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Jintian Copper Group Co's current Net Current Asset Value is ¥1.55, which is 79% below median its own 10-year median of 7.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Jintian Copper Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Jintian Copper Group Co (SHSE:601609) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.61, compared to a current price of ¥9.48 — trading 24.6% above its estimated fair value. The current Net Current Asset Value is ¥1.55, which is 79% below median its 10-year median of 7.25. Ningbo Jintian Copper Group Co's overall GF Score™ is 82/100 with 5 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 Ningbo Jintian Copper Group Co (SHSE:601609), the current Net Current Asset Value is ¥1.55 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 Ningbo Jintian Copper Group Co (SHSE:601609) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Jintian Copper Group Co stock appears to be overvalued.
The current stock price of ¥9.48 is trading 24.6% above its estimated GF Value™ of ¥7.61.
GuruFocus considers Ningbo Jintian Copper Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:601609:
Net Current Asset Value: ¥1.55 (79% below median its 10-year median of 7.25)
GF Value™: ¥7.61 vs. price of ¥9.48 (24.6% above fair value)
No single metric tells the full story. See the SHSE:601609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Jintian Copper Group Co Business Description
Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.
82GF 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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