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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).
Zhejiang Wansheng Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥-1.41.
The historical rank and industry rank for Zhejiang Wansheng Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zhejiang Wansheng Co was 1290.31. The lowest was 5.33. And the median was 30.80.
SHSE:603010's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.15 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Zhejiang Wansheng Co (SHSE:603010) 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 Wansheng Co Net Current Asset Value Related Terms
Zhejiang Wansheng Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Zhejiang Wansheng 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.
Zhejiang Wansheng Co Net Current Asset Value Chart
SHSE:603010 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Zhejiang Wansheng 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 Wansheng Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiang Wansheng Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zhejiang Wansheng 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 ¥-1.41 mean?
Zhejiang Wansheng Co (SHSE:603010) has a Net Current Asset Value of ¥-1.41 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 Wansheng Co and its competitors. Over the past decade, Zhejiang Wansheng Co's Net Current Asset Value has ranged from 5.33 to 1,290.31. According to the industry distribution chart, Zhejiang Wansheng Co ranks #999999 out of 949 companies in the Chemicals industry.
Is Zhejiang Wansheng Co's Net Current Asset Value too high?
Zhejiang Wansheng Co's current Net Current Asset Value is ¥-1.41. Over the past 10 years, this metric has ranged from a low of 5.33 to a high of 1,290.31. Based on the distribution chart, Zhejiang Wansheng Co ranks #999999 out of 949 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Wansheng Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Wansheng Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Zhejiang Wansheng Co ranks #999999 out of 949 companies for Net Current Asset Value. This places Zhejiang Wansheng Co in the lower half of its industry. The industry median Net Current Asset Value is 5.15. Historically, Zhejiang Wansheng Co's own Net Current Asset Value has ranged from 5.33 to 1,290.31 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.15, based on 949 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 Wansheng Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Wansheng Co's current Net Current Asset Value is ¥-1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Wansheng Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Wansheng Co (SHSE:603010) is currently considered Fairly Valued. The stock's GF Value™ is ¥11.03, compared to a current price of ¥10.90 — trading 1.2% below its estimated fair value. The current Net Current Asset Value is ¥-1.41. Zhejiang Wansheng Co's overall GF Score™ is 61/100 with 8 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 Wansheng Co (SHSE:603010), the current Net Current Asset Value is ¥-1.41 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 Zhejiang Wansheng Co (SHSE:603010) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Wansheng Co stock appears to be undervalued.
The current stock price of ¥10.90 is trading 1.2% below its estimated GF Value™ of ¥11.03.
GuruFocus considers Zhejiang Wansheng Co to be Fairly Valued.
Key valuation signals for SHSE:603010:
Net Current Asset Value: ¥-1.41
GF Value™: ¥11.03 vs. price of ¥10.90 (1.2% below fair value)
No single metric tells the full story. See the SHSE:603010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Wansheng Co Ltd is a China-based chemical producer. The company is engaged in the manufacturing and sale of organic phosphorus-based flame retardants for rigid and flexible foam, special amines, and cardanol based curing agents and diluents. Its products are mainly used in the aerospace, automotive, electronics, construction, and furniture industry. The firm has a global presence and its products are exported to various countries and regions including the United States, Europe, South America, South Korea, Japan, and Southeast Asia.
61GF 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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