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Hengtong Logistic CoSHSE:603223 -0.38%61 Net Current Asset Value is ¥1.14 as of Mar. 2026, which is 100% below its 10-year median of 17.19. GuruFocus rates SHSE:603223 with a GF Score™ of 61/100 and a GF Value™ of ¥7.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 364 Transportation companies, Hengtong Logistic Co ranks worse than 72.8% 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).
Hengtong Logistic Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥1.14.
The historical rank and industry rank for Hengtong Logistic Co's Net Current Asset Value or its related term are showing as below:
SHSE:603223'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.82 Med: 17.19 Max: 929.04
Current: 9.18
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hengtong Logistic Co was 929.04. The lowest was 3.82. And the median was 17.19.
SHSE:603223's Price-to-Net-Current-Asset-Value is ranked worse than 72.8% of 364
companies
in the Transportation industry
Industry Median: 4.095
vs SHSE:603223: 9.18
Hengtong Logistic Co (SHSE:603223) 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.
Hengtong Logistic Co Net Current Asset Value Related Terms
Hengtong Logistic Co Net Current Asset Value Historical Data
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The historical data trend for Hengtong Logistic 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.
Hengtong Logistic Co Net Current Asset Value Chart
SHSE:603223 vs ODFL, XPO, KNX: Net Current Asset Value Comparison
For the Trucking subindustry, Hengtong Logistic 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.
Hengtong Logistic Co Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Hengtong Logistic Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hengtong Logistic 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 ¥1.14 mean?
Hengtong Logistic Co (SHSE:603223) has a Net Current Asset Value of ¥1.14 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 Hengtong Logistic Co and its competitors. This is 93% below median its historical median of 17.19. Over the past decade, Hengtong Logistic Co's Net Current Asset Value has ranged from 3.82 to 929.04. According to the industry distribution chart, Hengtong Logistic Co ranks #265 out of 364 companies in the Transportation industry, placing it in the top 72.8%.
Is Hengtong Logistic Co's Net Current Asset Value too high?
Hengtong Logistic Co's current Net Current Asset Value of ¥1.14 is 93% below median its 10-year median of 17.19. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 929.04. Based on the distribution chart, Hengtong Logistic Co ranks #265 out of 364 companies in the Transportation industry, which is below the industry midpoint. Overall, Hengtong Logistic Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengtong Logistic Co's Net Current Asset Value compare to ODFL and XPO?
According to the Transportation industry distribution chart, Hengtong Logistic Co ranks #265 out of 364 companies for Net Current Asset Value. This places Hengtong Logistic Co in the lower half of its industry. The industry median Net Current Asset Value is 4.10. Historically, Hengtong Logistic Co's own Net Current Asset Value has ranged from 3.82 to 929.04 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 a Transportation company?
The median Net Current Asset Value among Transportation companies is 4.10, based on 364 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 Hengtong Logistic Co and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengtong Logistic Co's current Net Current Asset Value is ¥1.14, which is 93% below median its own 10-year median of 17.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengtong Logistic Co stock overvalued right now?
Based on GuruFocus' analysis, Hengtong Logistic Co (SHSE:603223) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.32, compared to a current price of ¥10.46 — trading 42.9% above its estimated fair value. The current Net Current Asset Value is ¥1.14, which is 93% below median its 10-year median of 17.19. Hengtong Logistic Co's overall GF Score™ is 61/100 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 Hengtong Logistic Co (SHSE:603223), the current Net Current Asset Value is ¥1.14 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 Hengtong Logistic Co (SHSE:603223) Overvalued in 2026?
Based on GuruFocus' analysis, Hengtong Logistic Co stock appears to be overvalued.
The current stock price of ¥10.46 is trading 42.9% above its estimated GF Value™ of ¥7.32.
GuruFocus considers Hengtong Logistic Co to be Significantly Overvalued.
Key valuation signals for SHSE:603223:
Net Current Asset Value: ¥1.14 (93% below median its 10-year median of 17.19)
GF Value™: ¥7.32 vs. price of ¥10.46 (42.9% above fair value)
No single metric tells the full story. See the SHSE:603223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengtong Logistic Co Ltd is an automotive freight transportation logistics company. It provides services including road freight transport, heavy truck sales and vehicle maintenance, vehicle transportation, lifting, port storage and driver training. It consists of three patterns: physical logistics, clean energy, and internet logistics.
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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