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Grace Fabric Technology CoSHSE:603256 -10.00%67 Net Current Asset Value is ¥0.37 as of Mar. 2026, which is 100% below its 10-year median of 22.54. GuruFocus rates SHSE:603256 with a GF Score™ of 67/100 and a GF Value™ of ¥20.94 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 944 Chemicals companies, Grace Fabric Technology Co ranks worse than 98.94% 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).
Grace Fabric Technology Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥0.37.
The historical rank and industry rank for Grace Fabric Technology Co's Net Current Asset Value or its related term are showing as below:
SHSE:603256'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.4 Med: 22.54 Max: 338.27
Current: 338.27
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Grace Fabric Technology Co was 338.27. The lowest was 17.40. And the median was 22.54.
SHSE:603256's Price-to-Net-Current-Asset-Value is ranked worse than 98.94% of 944
companies
in the Chemicals industry
Industry Median: 4.92
vs SHSE:603256: 338.27
Grace Fabric Technology Co (SHSE:603256) 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.
Grace Fabric Technology Co Net Current Asset Value Related Terms
Grace Fabric Technology 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.
Grace Fabric Technology Co Net Current Asset Value Chart
SHSE:603256 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Grace Fabric Technology 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.
Grace Fabric Technology Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Grace Fabric Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Grace Fabric Technology 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 ¥0.37 mean?
Grace Fabric Technology Co (SHSE:603256) has a Net Current Asset Value of ¥0.37 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 Grace Fabric Technology Co and its competitors. This is 98% below median its historical median of 22.54. Over the past decade, Grace Fabric Technology Co's Net Current Asset Value has ranged from 17.40 to 338.27. According to the industry distribution chart, Grace Fabric Technology Co ranks #934 out of 944 companies in the Chemicals industry, placing it in the top 98.9%.
Is Grace Fabric Technology Co's Net Current Asset Value too high?
Grace Fabric Technology Co's current Net Current Asset Value of ¥0.37 is 98% below median its 10-year median of 22.54. Over the past 10 years, this metric has ranged from a low of 17.40 to a high of 338.27. Based on the distribution chart, Grace Fabric Technology Co ranks #934 out of 944 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Grace Fabric Technology 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 Grace Fabric Technology Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Grace Fabric Technology Co ranks #934 out of 944 companies for Net Current Asset Value. This places Grace Fabric Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 4.92. Historically, Grace Fabric Technology Co's own Net Current Asset Value has ranged from 17.40 to 338.27 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 4.92, based on 944 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 Grace Fabric Technology Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grace Fabric Technology Co's current Net Current Asset Value is ¥0.37, which is 98% below median its own 10-year median of 22.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grace Fabric Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Grace Fabric Technology Co (SHSE:603256) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.94, compared to a current price of ¥125.16 — trading 497.7% above its estimated fair value. The current Net Current Asset Value is ¥0.37, which is 98% below median its 10-year median of 22.54. Grace Fabric Technology Co's overall GF Score™ is 67/100 with 6 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 Grace Fabric Technology Co (SHSE:603256), the current Net Current Asset Value is ¥0.37 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 Grace Fabric Technology Co (SHSE:603256) Overvalued in 2026?
Based on GuruFocus' analysis, Grace Fabric Technology Co stock appears to be overvalued.
The current stock price of ¥125.16 is trading 497.7% above its estimated GF Value™ of ¥20.94.
GuruFocus considers Grace Fabric Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:603256:
Net Current Asset Value: ¥0.37 (98% below median its 10-year median of 22.54)
GF Value™: ¥20.94 vs. price of ¥125.16 (497.7% above fair value)
No single metric tells the full story. See the SHSE:603256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grace Fabric Technology Co Ltd is mainly engaged in the research and development, production and sales of electronic grade glass fiber cloth. The company's main products are high-end electronic grade glass fiber cloth products, mainly including ultra-thin, ultra-thin, thin electronic grade fiberglass cloth.
67GF Score
Get the complete analysis for SHSE:603256
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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