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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:688093'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.94 Med: 8.06 Max: 24.07
Current: 5.42
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Suzhou Shihua New Material Technology Co was 24.07. The lowest was 4.94. And the median was 8.06.
SHSE:688093's Price-to-Net-Current-Asset-Value is ranked worse than 52.01% of 946
companies
in the Chemicals industry
Industry Median: 5.03
vs SHSE:688093: 5.42
Suzhou Shihua New Material Technology Co (SHSE:688093) 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.
Suzhou Shihua New Material Technology Co Net Current Asset Value Related Terms
Suzhou Shihua New Material Technology 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.
Suzhou Shihua New Material Technology Co Net Current Asset Value Chart
Suzhou Shihua New Material Technology Co Annual Data
SHSE:688093 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Suzhou Shihua New Material Technology 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.
Suzhou Shihua New Material Technology Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Suzhou Shihua New Material Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Suzhou Shihua New Material Technology 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 ¥4.95 mean?
Suzhou Shihua New Material Technology Co (SHSE:688093) has a Net Current Asset Value of ¥4.95 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 Suzhou Shihua New Material Technology Co and its competitors. This is 39% below median its historical median of 8.06. Over the past decade, Suzhou Shihua New Material Technology Co's Net Current Asset Value has ranged from 4.94 to 24.07. According to the industry distribution chart, Suzhou Shihua New Material Technology Co ranks #492 out of 946 companies in the Chemicals industry, placing it in the top 52%.
Is Suzhou Shihua New Material Technology Co's Net Current Asset Value too high?
Suzhou Shihua New Material Technology Co's current Net Current Asset Value of ¥4.95 is 39% below median its 10-year median of 8.06. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 24.07. Based on the distribution chart, Suzhou Shihua New Material Technology Co ranks #492 out of 946 companies in the Chemicals industry, which is below the industry midpoint. Overall, Suzhou Shihua New Material Technology Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suzhou Shihua New Material Technology Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Suzhou Shihua New Material Technology Co ranks #492 out of 946 companies for Net Current Asset Value. This places Suzhou Shihua New Material Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 5.03. Historically, Suzhou Shihua New Material Technology Co's own Net Current Asset Value has ranged from 4.94 to 24.07 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.03, based on 946 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 Suzhou Shihua New Material Technology Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suzhou Shihua New Material Technology Co's current Net Current Asset Value is ¥4.95, which is 39% below median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suzhou Shihua New Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Suzhou Shihua New Material Technology Co (SHSE:688093) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥39.95, compared to a current price of ¥26.81 — trading 32.9% below its estimated fair value. The current Net Current Asset Value is ¥4.95, which is 39% below median its 10-year median of 8.06. Suzhou Shihua New Material Technology Co's overall GF Score™ is 89/100 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 Suzhou Shihua New Material Technology Co (SHSE:688093), the current Net Current Asset Value is ¥4.95 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 Suzhou Shihua New Material Technology Co (SHSE:688093) Overvalued in 2026?
Based on GuruFocus' analysis, Suzhou Shihua New Material Technology Co stock appears to be undervalued.
The current stock price of ¥26.81 is trading 32.9% below its estimated GF Value™ of ¥39.95.
GuruFocus considers Suzhou Shihua New Material Technology Co to be Significantly Undervalued.
Key valuation signals for SHSE:688093:
Net Current Asset Value: ¥4.95 (39% below median its 10-year median of 8.06)
GF Value™: ¥39.95 vs. price of ¥26.81 (32.9% below fair value)
No single metric tells the full story. See the SHSE:688093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suzhou Shihua New Material Technology Co Ltd is engaged in design, development, and manufacturing of functional materials. The copany's products are categorized under Precision Process Material, Multiple Function Material, and Display Module Material. Its products are widely used in consumer electronics, smart wearable devices, new energy vehicles, medical electronics, and other fields, providing customers with a complete application solution.
89GF Score
Get the complete analysis for SHSE:688093
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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