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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:603882'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.88 Med: 14.89 Max: 63.23
Current: 3.81
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Guangzhou Kingmed Diagnostics Group Co was 63.23. The lowest was 2.88. And the median was 14.89.
SHSE:603882's Price-to-Net-Current-Asset-Value is ranked worse than 50.51% of 99
companies
in the Medical Diagnostics & Research industry
Industry Median: 3.81
vs SHSE:603882: 3.81
Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) 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.
Guangzhou Kingmed Diagnostics Group Co Net Current Asset Value Related Terms
Guangzhou Kingmed Diagnostics Group 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.
Guangzhou Kingmed Diagnostics Group Co Net Current Asset Value Chart
Guangzhou Kingmed Diagnostics Group Co Annual Data
SHSE:603882 vs TMO, DHR, IDXX: Net Current Asset Value Comparison
For the Diagnostics & Research subindustry, Guangzhou Kingmed Diagnostics Group 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.
Guangzhou Kingmed Diagnostics Group Co Price-to-Net-Current-Asset-Value vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Guangzhou Kingmed Diagnostics Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Guangzhou Kingmed Diagnostics Group 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 ¥7.20 mean?
Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) has a Net Current Asset Value of ¥7.20 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 Guangzhou Kingmed Diagnostics Group Co and its competitors. This is 52% below median its historical median of 14.89. Over the past decade, Guangzhou Kingmed Diagnostics Group Co's Net Current Asset Value has ranged from 2.88 to 63.23. According to the industry distribution chart, Guangzhou Kingmed Diagnostics Group Co ranks #50 out of 99 companies in the Medical Diagnostics & Research industry, placing it in the top 50.5%.
Is Guangzhou Kingmed Diagnostics Group Co's Net Current Asset Value too high?
Guangzhou Kingmed Diagnostics Group Co's current Net Current Asset Value of ¥7.20 is 52% below median its 10-year median of 14.89. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 63.23. Based on the distribution chart, Guangzhou Kingmed Diagnostics Group Co ranks #50 out of 99 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Guangzhou Kingmed Diagnostics Group Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guangzhou Kingmed Diagnostics Group Co's Net Current Asset Value compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Guangzhou Kingmed Diagnostics Group Co ranks #50 out of 99 companies for Net Current Asset Value. This places Guangzhou Kingmed Diagnostics Group Co in the lower half of its industry. The industry median Net Current Asset Value is 3.81. Historically, Guangzhou Kingmed Diagnostics Group Co's own Net Current Asset Value has ranged from 2.88 to 63.23 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 Medical Diagnostics & Research company?
The median Net Current Asset Value among Medical Diagnostics & Research companies is 3.81, based on 99 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 Guangzhou Kingmed Diagnostics Group Co and its competitors. For the Medical Diagnostics & Research industry, the median Net Current Asset Value is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangzhou Kingmed Diagnostics Group Co's current Net Current Asset Value is ¥7.20, which is 52% below median its own 10-year median of 14.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou Kingmed Diagnostics Group Co stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) is currently considered Fairly Valued. The stock's GF Value™ is ¥28.04, compared to a current price of ¥27.42 — trading 2.2% below its estimated fair value. The current Net Current Asset Value is ¥7.20, which is 52% below median its 10-year median of 14.89. Guangzhou Kingmed Diagnostics Group Co's overall GF Score™ is 74/100 with 7 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 Guangzhou Kingmed Diagnostics Group Co (SHSE:603882), the current Net Current Asset Value is ¥7.20 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 Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Overvalued in 2026?
Based on GuruFocus' analysis, Guangzhou Kingmed Diagnostics Group Co stock appears to be undervalued.
The current stock price of ¥27.42 is trading 2.2% below its estimated GF Value™ of ¥28.04.
GuruFocus considers Guangzhou Kingmed Diagnostics Group Co to be Fairly Valued.
Key valuation signals for SHSE:603882:
Net Current Asset Value: ¥7.20 (52% below median its 10-year median of 14.89)
GF Value™: ¥28.04 vs. price of ¥27.42 (2.2% below fair value)
No single metric tells the full story. See the SHSE:603882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangzhou Kingmed Diagnostics Group Co Business Description
Founded in 1994, KingMed is the largest independent clinical laboratory in China. It was listed on the Shanghai Stock Exchange in 2017. As of 2024, KingMed has 50 centralized labs and provides over 4000 test items. Over 90% of its total revenue comes from clinical diagnostics. Furthermore, KingMed has been actively investing in its cold chain logistics. Its service network covers the most intensely populated areas in China.
74GF 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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