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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:603200'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.34 Med: 6.01 Max: 47.04
Current: 20.14
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shanghai Emperor Of Cleaning Hi-Tech Co was 47.04. The lowest was 3.34. And the median was 6.01.
SHSE:603200's Price-to-Net-Current-Asset-Value is ranked worse than 86% of 2221
companies
in the Industrial Products industry
Industry Median: 5.24
vs SHSE:603200: 20.14
Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) 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.
Shanghai Emperor Of Cleaning Hi-Tech Co Net Current Asset Value Related Terms
Shanghai Emperor Of Cleaning Hi-Tech 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.
Shanghai Emperor Of Cleaning Hi-Tech Co Net Current Asset Value Chart
Shanghai Emperor Of Cleaning Hi-Tech Co Annual Data
SHSE:603200 vs VLTO, ZWS, CECO: Net Current Asset Value Comparison
For the Pollution & Treatment Controls subindustry, Shanghai Emperor Of Cleaning Hi-Tech 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.
Shanghai Emperor Of Cleaning Hi-Tech Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shanghai Emperor Of Cleaning Hi-Tech Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shanghai Emperor Of Cleaning Hi-Tech 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 ¥1.90 mean?
Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) has a Net Current Asset Value of ¥1.90 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 Shanghai Emperor Of Cleaning Hi-Tech Co and its competitors. This is 68% below median its historical median of 6.01. Over the past decade, Shanghai Emperor Of Cleaning Hi-Tech Co's Net Current Asset Value has ranged from 3.34 to 47.04. According to the industry distribution chart, Shanghai Emperor Of Cleaning Hi-Tech Co ranks #1910 out of 2221 companies in the Industrial Products industry, placing it in the top 86%.
Is Shanghai Emperor Of Cleaning Hi-Tech Co's Net Current Asset Value too high?
Shanghai Emperor Of Cleaning Hi-Tech Co's current Net Current Asset Value of ¥1.90 is 68% below median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 47.04. Based on the distribution chart, Shanghai Emperor Of Cleaning Hi-Tech Co ranks #1910 out of 2221 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shanghai Emperor Of Cleaning Hi-Tech Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Emperor Of Cleaning Hi-Tech Co's Net Current Asset Value compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Shanghai Emperor Of Cleaning Hi-Tech Co ranks #1910 out of 2221 companies for Net Current Asset Value. This places Shanghai Emperor Of Cleaning Hi-Tech Co in the lower half of its industry. The industry median Net Current Asset Value is 5.24. Historically, Shanghai Emperor Of Cleaning Hi-Tech Co's own Net Current Asset Value has ranged from 3.34 to 47.04 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 5.24, based on 2,221 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 Shanghai Emperor Of Cleaning Hi-Tech Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Emperor Of Cleaning Hi-Tech Co's current Net Current Asset Value is ¥1.90, which is 68% below median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Emperor Of Cleaning Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.98, compared to a current price of ¥38.27 — trading 74.1% above its estimated fair value. The current Net Current Asset Value is ¥1.90, which is 68% below median its 10-year median of 6.01. Shanghai Emperor Of Cleaning Hi-Tech Co's overall GF Score™ is 67/100 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 Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200), the current Net Current Asset Value is ¥1.90 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 Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Emperor Of Cleaning Hi-Tech Co stock appears to be overvalued.
The current stock price of ¥38.27 is trading 74.1% above its estimated GF Value™ of ¥21.98.
GuruFocus considers Shanghai Emperor Of Cleaning Hi-Tech Co to be Significantly Overvalued.
Key valuation signals for SHSE:603200:
Net Current Asset Value: ¥1.90 (68% below median its 10-year median of 6.01)
GF Value™: ¥21.98 vs. price of ¥38.27 (74.1% above fair value)
No single metric tells the full story. See the SHSE:603200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Emperor Of Cleaning Hi-Tech Co Ltd is a overall solution service provider for water treatment technology, mainly based on chemical water treatment technology. Its water treatment business includes sales and service of water treatment chemicals, operation management of water treatment systems, sales and installation of dosing equipment, and water handling system integration.
67GF Score
Get the complete analysis for SHSE:603200
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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