Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
JiangSu Changling Hydraulic CoSHSE:605389 +0.88%63 Net Current Asset Value is ¥6.45 as of Mar. 2026, which is 100% below its 10-year median of 3.44. GuruFocus rates SHSE:605389 with a GF Score™ of 63/100 and a GF Value™ of ¥28.83 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,217 Industrial Products companies, JiangSu Changling Hydraulic Co ranks worse than 75.01% 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).
The historical rank and industry rank for JiangSu Changling Hydraulic Co's Net Current Asset Value or its related term are showing as below:
SHSE:605389'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.64 Med: 3.44 Max: 11.78
Current: 11.78
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of JiangSu Changling Hydraulic Co was 11.78. The lowest was 2.64. And the median was 3.44.
SHSE:605389's Price-to-Net-Current-Asset-Value is ranked worse than 75.01% of 2217
companies
in the Industrial Products industry
Industry Median: 5.17
vs SHSE:605389: 11.78
JiangSu Changling Hydraulic Co (SHSE:605389) 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.
JiangSu Changling Hydraulic Co Net Current Asset Value Related Terms
JiangSu Changling Hydraulic 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.
JiangSu Changling Hydraulic Co Net Current Asset Value Chart
SHSE:605389 vs SNA, RBC, SWK: Net Current Asset Value Comparison
For the Tools & Accessories subindustry, JiangSu Changling Hydraulic 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.
JiangSu Changling Hydraulic Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JiangSu Changling Hydraulic Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where JiangSu Changling Hydraulic 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 ¥6.45 mean?
JiangSu Changling Hydraulic Co (SHSE:605389) has a Net Current Asset Value of ¥6.45 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 JiangSu Changling Hydraulic Co and its competitors. This is 88% above median its historical median of 3.44. Over the past decade, JiangSu Changling Hydraulic Co's Net Current Asset Value has ranged from 2.64 to 11.78. According to the industry distribution chart, JiangSu Changling Hydraulic Co ranks #1663 out of 2217 companies in the Industrial Products industry, placing it in the top 75%.
Is JiangSu Changling Hydraulic Co's Net Current Asset Value too high?
JiangSu Changling Hydraulic Co's current Net Current Asset Value of ¥6.45 is 88% above median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 11.78. Based on the distribution chart, JiangSu Changling Hydraulic Co ranks #1663 out of 2217 companies in the Industrial Products industry, which is below the industry midpoint. Overall, JiangSu Changling Hydraulic Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JiangSu Changling Hydraulic Co's Net Current Asset Value compare to SNA and RBC?
According to the Industrial Products industry distribution chart, JiangSu Changling Hydraulic Co ranks #1663 out of 2217 companies for Net Current Asset Value. This places JiangSu Changling Hydraulic Co in the lower half of its industry. The industry median Net Current Asset Value is 5.17. Historically, JiangSu Changling Hydraulic Co's own Net Current Asset Value has ranged from 2.64 to 11.78 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.17, based on 2,217 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 JiangSu Changling Hydraulic Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JiangSu Changling Hydraulic Co's current Net Current Asset Value is ¥6.45, which is 88% above median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiangSu Changling Hydraulic Co stock overvalued right now?
Based on GuruFocus' analysis, JiangSu Changling Hydraulic Co (SHSE:605389) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥28.83, compared to a current price of ¥76.00 — trading 163.6% above its estimated fair value. The current Net Current Asset Value is ¥6.45, which is 88% above median its 10-year median of 3.44. JiangSu Changling Hydraulic Co's overall GF Score™ is 63/100 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 JiangSu Changling Hydraulic Co (SHSE:605389), the current Net Current Asset Value is ¥6.45 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 JiangSu Changling Hydraulic Co (SHSE:605389) Overvalued in 2026?
Based on GuruFocus' analysis, JiangSu Changling Hydraulic Co stock appears to be overvalued.
The current stock price of ¥76.00 is trading 163.6% above its estimated GF Value™ of ¥28.83.
GuruFocus considers JiangSu Changling Hydraulic Co to be Significantly Overvalued.
Key valuation signals for SHSE:605389:
Net Current Asset Value: ¥6.45 (88% above median its 10-year median of 3.44)
GF Value™: ¥28.83 vs. price of ¥76.00 (163.6% above fair value)
No single metric tells the full story. See the SHSE:605389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JiangSu Changling Hydraulic Co Ltd is engaged in the research and development, production, and sales of key hydraulic components for construction machinery. The main products are hydraulic central rotary joints for construction machinery and hydraulic crawler tensioners, hydraulic valves and others.
63GF Score
Get the complete analysis for SHSE:605389
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:605389 has been successfully added to your 
