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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).
The historical rank and industry rank for Bondex Supply Chain Management Co's Net Current Asset Value or its related term are showing as below:
SHSE:603836'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.01 Med: 2.44 Max: 3.63
Current: 2.01
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bondex Supply Chain Management Co was 3.63. The lowest was 2.01. And the median was 2.44.
SHSE:603836's Price-to-Net-Current-Asset-Value is ranked better than 73.54% of 359
companies
in the Transportation industry
Industry Median: 4
vs SHSE:603836: 2.01
Bondex Supply Chain Management Co (SHSE:603836) 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.
Bondex Supply Chain Management Co Net Current Asset Value Related Terms
Bondex Supply Chain Management 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.
Bondex Supply Chain Management Co Net Current Asset Value Chart
SHSE:603836 vs UPS, FDX, JBHT: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, Bondex Supply Chain Management 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.
Bondex Supply Chain Management Co Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Bondex Supply Chain Management Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bondex Supply Chain Management 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 ¥4.26 mean?
Bondex Supply Chain Management Co (SHSE:603836) has a Net Current Asset Value of ¥4.26 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 Bondex Supply Chain Management Co and its competitors. This is 75% above median its historical median of 2.44. Over the past decade, Bondex Supply Chain Management Co's Net Current Asset Value has ranged from 2.01 to 3.63. According to the industry distribution chart, Bondex Supply Chain Management Co ranks #95 out of 359 companies in the Transportation industry, placing it in the top 26.5%.
Is Bondex Supply Chain Management Co's Net Current Asset Value too high?
Bondex Supply Chain Management Co's current Net Current Asset Value of ¥4.26 is 75% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 3.63. Based on the distribution chart, Bondex Supply Chain Management Co ranks #95 out of 359 companies in the Transportation industry, which is above the industry midpoint. Overall, Bondex Supply Chain Management Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bondex Supply Chain Management Co's Net Current Asset Value compare to UPS and FDX?
According to the Transportation industry distribution chart, Bondex Supply Chain Management Co ranks #95 out of 359 companies for Net Current Asset Value. This puts Bondex Supply Chain Management Co in the upper half of its industry. The industry median Net Current Asset Value is 4.00. Historically, Bondex Supply Chain Management Co's own Net Current Asset Value has ranged from 2.01 to 3.63 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 4.00, based on 359 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 Bondex Supply Chain Management Co and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bondex Supply Chain Management Co's current Net Current Asset Value is ¥4.26, which is 75% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bondex Supply Chain Management Co stock overvalued right now?
Based on GuruFocus' analysis, Bondex Supply Chain Management Co (SHSE:603836) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.23, compared to a current price of ¥8.55 — trading 7.4% below its estimated fair value. The current Net Current Asset Value is ¥4.26, which is 75% above median its 10-year median of 2.44. Bondex Supply Chain Management Co's overall GF Score™ is 75/100 with 4 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 Bondex Supply Chain Management Co (SHSE:603836), the current Net Current Asset Value is ¥4.26 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 Bondex Supply Chain Management Co (SHSE:603836) Overvalued in 2026?
Based on GuruFocus' analysis, Bondex Supply Chain Management Co stock appears to be undervalued.
The current stock price of ¥8.55 is trading 7.4% below its estimated GF Value™ of ¥9.23.
GuruFocus considers Bondex Supply Chain Management Co to be Fairly Valued.
Key valuation signals for SHSE:603836:
Net Current Asset Value: ¥4.26 (75% above median its 10-year median of 2.44)
GF Value™: ¥9.23 vs. price of ¥8.55 (7.4% below fair value)
No single metric tells the full story. See the SHSE:603836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bondex Supply Chain Management Co Ltd offers logistic services. The service is divided into two categories: general logistics and industry logistics. Under General logistics, it offers a complete range of services including air and sea transport, railway transport, domestic logistics, customs affairs, and others; and under Industry logistics, the company offer tailormade services including door-door delivery, customs affairs management, warehousing and distribution, bonded services and others.
75GF Score
Get the complete analysis for SHSE:603836
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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