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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).
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wangli Security & Surveillance Product Co was 75.47. The lowest was 13.73. And the median was 27.06.
SHSE:605268's Price-to-Net-Current-Asset-Value is not ranked *
in the Business Services industry.
Industry Median: 3.815 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Wangli Security & Surveillance Product Co (SHSE:605268) 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.
Wangli Security & Surveillance Product Co Net Current Asset Value Related Terms
Wangli Security & Surveillance Product 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.
Wangli Security & Surveillance Product Co Net Current Asset Value Chart
Wangli Security & Surveillance Product Co Annual Data
SHSE:605268 vs ALLE, MSA, ADT: Net Current Asset Value Comparison
For the Security & Protection Services subindustry, Wangli Security & Surveillance Product 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.
Wangli Security & Surveillance Product Co Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Wangli Security & Surveillance Product Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wangli Security & Surveillance Product 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 ¥-0.48 mean?
Wangli Security & Surveillance Product Co (SHSE:605268) has a Net Current Asset Value of ¥-0.48 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 Wangli Security & Surveillance Product Co and its competitors. Over the past decade, Wangli Security & Surveillance Product Co's Net Current Asset Value has ranged from 13.73 to 75.47. According to the industry distribution chart, Wangli Security & Surveillance Product Co ranks #999999 out of 626 companies in the Business Services industry.
Is Wangli Security & Surveillance Product Co's Net Current Asset Value too high?
Wangli Security & Surveillance Product Co's current Net Current Asset Value is ¥-0.48. Over the past 10 years, this metric has ranged from a low of 13.73 to a high of 75.47. Based on the distribution chart, Wangli Security & Surveillance Product Co ranks #999999 out of 626 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Wangli Security & Surveillance Product Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wangli Security & Surveillance Product Co's Net Current Asset Value compare to ALLE and MSA?
According to the Business Services industry distribution chart, Wangli Security & Surveillance Product Co ranks #999999 out of 626 companies for Net Current Asset Value. This places Wangli Security & Surveillance Product Co in the lower half of its industry. The industry median Net Current Asset Value is 3.82. Historically, Wangli Security & Surveillance Product Co's own Net Current Asset Value has ranged from 13.73 to 75.47 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.82, based on 626 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 Wangli Security & Surveillance Product Co and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wangli Security & Surveillance Product Co's current Net Current Asset Value is ¥-0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wangli Security & Surveillance Product Co stock overvalued right now?
Based on GuruFocus' analysis, Wangli Security & Surveillance Product Co (SHSE:605268) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.29, compared to a current price of ¥9.22 — trading 10.4% below its estimated fair value. The current Net Current Asset Value is ¥-0.48. Wangli Security & Surveillance Product Co's overall GF Score™ is 86/100 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 Wangli Security & Surveillance Product Co (SHSE:605268), the current Net Current Asset Value is ¥-0.48 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 Wangli Security & Surveillance Product Co (SHSE:605268) Overvalued in 2026?
Based on GuruFocus' analysis, Wangli Security & Surveillance Product Co stock appears to be undervalued.
The current stock price of ¥9.22 is trading 10.4% below its estimated GF Value™ of ¥10.29.
GuruFocus considers Wangli Security & Surveillance Product Co to be Modestly Undervalued.
Key valuation signals for SHSE:605268:
Net Current Asset Value: ¥-0.48
GF Value™: ¥10.29 vs. price of ¥9.22 (10.4% below fair value)
No single metric tells the full story. See the SHSE:605268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.
86GF Score
Get the complete analysis for SHSE:605268
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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