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GigaDevice SemiconductorSHSE:603986 -7.56%83 Net Current Asset Value is ¥24.08 as of Mar. 2026, which is 100% below its 10-year median of 12.86. GuruFocus rates SHSE:603986 with a GF Score™ of 83/100 and a GF Value™ of ¥279.95 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 724 Semiconductors companies, GigaDevice Semiconductor ranks worse than 72.1% 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).
GigaDevice Semiconductor's net current asset value per share for the quarter that ended in Mar. 2026 was ¥24.08.
The historical rank and industry rank for GigaDevice Semiconductor's Net Current Asset Value or its related term are showing as below:
SHSE:603986'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.45 Med: 12.86 Max: 58.31
Current: 16.77
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of GigaDevice Semiconductor was 58.31. The lowest was 4.45. And the median was 12.86.
SHSE:603986's Price-to-Net-Current-Asset-Value is ranked worse than 72.1% of 724
companies
in the Semiconductors industry
Industry Median: 7.67
vs SHSE:603986: 16.77
GigaDevice Semiconductor (SHSE:603986) 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.
GigaDevice Semiconductor Net Current Asset Value Related Terms
GigaDevice Semiconductor Net Current Asset Value Historical Data
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The historical data trend for GigaDevice Semiconductor'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.
GigaDevice Semiconductor Net Current Asset Value Chart
SHSE:603986 vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, GigaDevice Semiconductor'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.
GigaDevice Semiconductor Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GigaDevice Semiconductor's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where GigaDevice Semiconductor'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 ¥24.08 mean?
GigaDevice Semiconductor (SHSE:603986) has a Net Current Asset Value of ¥24.08 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 GigaDevice Semiconductor and its competitors. This is 87% above median its historical median of 12.86. Over the past decade, GigaDevice Semiconductor's Net Current Asset Value has ranged from 4.45 to 58.31. According to the industry distribution chart, GigaDevice Semiconductor ranks #522 out of 724 companies in the Semiconductors industry, placing it in the top 72.1%.
Is GigaDevice Semiconductor's Net Current Asset Value too high?
GigaDevice Semiconductor's current Net Current Asset Value of ¥24.08 is 87% above median its 10-year median of 12.86. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 58.31. Based on the distribution chart, GigaDevice Semiconductor ranks #522 out of 724 companies in the Semiconductors industry, which is below the industry midpoint. Overall, GigaDevice Semiconductor has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GigaDevice Semiconductor's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GigaDevice Semiconductor ranks #522 out of 724 companies for Net Current Asset Value. This places GigaDevice Semiconductor in the lower half of its industry. The industry median Net Current Asset Value is 7.67. Historically, GigaDevice Semiconductor's own Net Current Asset Value has ranged from 4.45 to 58.31 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 7.67, based on 724 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 GigaDevice Semiconductor and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GigaDevice Semiconductor's current Net Current Asset Value is ¥24.08, which is 87% above median its own 10-year median of 12.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GigaDevice Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, GigaDevice Semiconductor (SHSE:603986) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥279.95, compared to a current price of ¥403.71 — trading 44.2% above its estimated fair value. The current Net Current Asset Value is ¥24.08, which is 87% above median its 10-year median of 12.86. GigaDevice Semiconductor's overall GF Score™ is 83/100 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 GigaDevice Semiconductor (SHSE:603986), the current Net Current Asset Value is ¥24.08 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 GigaDevice Semiconductor (SHSE:603986) Overvalued in 2026?
Based on GuruFocus' analysis, GigaDevice Semiconductor stock appears to be overvalued.
The current stock price of ¥403.71 is trading 44.2% above its estimated GF Value™ of ¥279.95.
GuruFocus considers GigaDevice Semiconductor to be Significantly Overvalued.
Key valuation signals for SHSE:603986:
Net Current Asset Value: ¥24.08 (87% above median its 10-year median of 12.86)
GF Value™: ¥279.95 vs. price of ¥403.71 (44.2% above fair value)
No single metric tells the full story. See the SHSE:603986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.
83GF Score
Get the complete analysis for SHSE:603986
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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