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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:601882'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.32 Med: 9.48 Max: 53.7
Current: 5.32
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ningbo Haitian Precision Machinery Co was 53.70. The lowest was 5.32. And the median was 9.48.
SHSE:601882's Price-to-Net-Current-Asset-Value is ranked worse than 53% of 2217
companies
in the Industrial Products industry
Industry Median: 4.89
vs SHSE:601882: 5.32
Ningbo Haitian Precision Machinery Co (SHSE:601882) 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 Haitian Precision Machinery Co Net Current Asset Value Related Terms
Ningbo Haitian Precision Machinery 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 Haitian Precision Machinery Co Net Current Asset Value Chart
SHSE:601882 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Ningbo Haitian Precision Machinery 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 Haitian Precision Machinery Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Haitian Precision Machinery Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ningbo Haitian Precision Machinery 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 ¥3.37 mean?
Ningbo Haitian Precision Machinery Co (SHSE:601882) has a Net Current Asset Value of ¥3.37 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 Haitian Precision Machinery Co and its competitors. This is 64% below median its historical median of 9.48. Over the past decade, Ningbo Haitian Precision Machinery Co's Net Current Asset Value has ranged from 5.32 to 53.70. According to the industry distribution chart, Ningbo Haitian Precision Machinery Co ranks #1175 out of 2217 companies in the Industrial Products industry, placing it in the top 53%.
Is Ningbo Haitian Precision Machinery Co's Net Current Asset Value too high?
Ningbo Haitian Precision Machinery Co's current Net Current Asset Value of ¥3.37 is 64% below median its 10-year median of 9.48. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 53.70. Based on the distribution chart, Ningbo Haitian Precision Machinery Co ranks #1175 out of 2217 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Haitian Precision Machinery Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Haitian Precision Machinery Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ningbo Haitian Precision Machinery Co ranks #1175 out of 2217 companies for Net Current Asset Value. This places Ningbo Haitian Precision Machinery Co in the lower half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Ningbo Haitian Precision Machinery Co's own Net Current Asset Value has ranged from 5.32 to 53.70 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 4.89, based on 2,217 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 Haitian Precision Machinery Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Haitian Precision Machinery Co's current Net Current Asset Value is ¥3.37, which is 64% below median its own 10-year median of 9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Haitian Precision Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Haitian Precision Machinery Co (SHSE:601882) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥23.55, compared to a current price of ¥17.94 — trading 23.8% below its estimated fair value. The current Net Current Asset Value is ¥3.37, which is 64% below median its 10-year median of 9.48. Ningbo Haitian Precision Machinery Co's overall GF Score™ is 95/100 with 2 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 Haitian Precision Machinery Co (SHSE:601882), the current Net Current Asset Value is ¥3.37 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 Haitian Precision Machinery Co (SHSE:601882) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Haitian Precision Machinery Co stock appears to be undervalued.
The current stock price of ¥17.94 is trading 23.8% below its estimated GF Value™ of ¥23.55.
GuruFocus considers Ningbo Haitian Precision Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:601882:
Net Current Asset Value: ¥3.37 (64% below median its 10-year median of 9.48)
GF Value™: ¥23.55 vs. price of ¥17.94 (23.8% below fair value)
No single metric tells the full story. See the SHSE:601882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Haitian Precision Machinery Co Business Description
Ningbo Haitian Precision Machinery Co Ltd is the manufacturer of machine tools. The company produces a line of machine tools that includes horizontal machining centre series, vertical machining centre series, double-column machining centre series, CNC lathe/turning centre and milling machining centre series and high-speed double-column machining centre series. Its products are mainly used in military, automotive, aerospace, locomotive, energy, shipping and other industry sectors.
95GF Score
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