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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).
The historical rank and industry rank for Ningbo Solartron Technology Co's Net Current Asset Value or its related term are showing as below:
SHSE:688299'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.47 Med: 9.46 Max: 738.5
Current: 98
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ningbo Solartron Technology Co was 738.50. The lowest was 5.47. And the median was 9.46.
SHSE:688299's Price-to-Net-Current-Asset-Value is ranked worse than 96.51% of 945
companies
in the Chemicals industry
Industry Median: 4.99
vs SHSE:688299: 98.00
Ningbo Solartron Technology Co (SHSE:688299) 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.
Ningbo Solartron Technology Co Net Current Asset Value Related Terms
Ningbo Solartron 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.
Ningbo Solartron Technology Co Net Current Asset Value Chart
SHSE:688299 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Ningbo Solartron 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.
Ningbo Solartron Technology Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ningbo Solartron Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ningbo Solartron 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 ¥0.12 mean?
Ningbo Solartron Technology Co (SHSE:688299) has a Net Current Asset Value of ¥0.12 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 Ningbo Solartron Technology Co and its competitors. This is 99% below median its historical median of 9.46. Over the past decade, Ningbo Solartron Technology Co's Net Current Asset Value has ranged from 5.47 to 738.50. According to the industry distribution chart, Ningbo Solartron Technology Co ranks #912 out of 945 companies in the Chemicals industry, placing it in the top 96.5%.
Is Ningbo Solartron Technology Co's Net Current Asset Value too high?
Ningbo Solartron Technology Co's current Net Current Asset Value of ¥0.12 is 99% below median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 5.47 to a high of 738.50. Based on the distribution chart, Ningbo Solartron Technology Co ranks #912 out of 945 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ningbo Solartron Technology Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Solartron Technology Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Solartron Technology Co ranks #912 out of 945 companies for Net Current Asset Value. This places Ningbo Solartron Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 4.99. Historically, Ningbo Solartron Technology Co's own Net Current Asset Value has ranged from 5.47 to 738.50 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 4.99, based on 945 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 Ningbo Solartron Technology Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Solartron Technology Co's current Net Current Asset Value is ¥0.12, which is 99% below median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Solartron Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co (SHSE:688299) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.92, compared to a current price of ¥11.76 — trading 21.2% below its estimated fair value. The current Net Current Asset Value is ¥0.12, which is 99% below median its 10-year median of 9.46. Ningbo Solartron Technology Co's overall GF Score™ is 73/100 with 6 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 Ningbo Solartron Technology Co (SHSE:688299), the current Net Current Asset Value is ¥0.12 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 Ningbo Solartron Technology Co (SHSE:688299) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co stock appears to be undervalued.
The current stock price of ¥11.76 is trading 21.2% below its estimated GF Value™ of ¥14.92.
GuruFocus considers Ningbo Solartron Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688299:
Net Current Asset Value: ¥0.12 (99% below median its 10-year median of 9.46)
GF Value™: ¥14.92 vs. price of ¥11.76 (21.2% below fair value)
No single metric tells the full story. See the SHSE:688299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Solartron Technology Co Business Description
Ningbo Solartron Technology Co Ltd is mainly engaged in the research, development, production and sales of reflective film, backing base film, optical base film and other special functional films. The main products are reflective film, backing base film, optical base film and other high performance functional films. Used in liquid crystal display, semiconductor lighting, new energy, semiconductor flexible circuit boards and other fields.
73GF Score
Get the complete analysis for SHSE:688299
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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