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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:688336'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.01 Med: 5.84 Max: 12.15
Current: 6.82
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sunshine Guojian Pharmaceutical (Shanghai) Co was 12.15. The lowest was 3.01. And the median was 5.84.
SHSE:688336's Price-to-Net-Current-Asset-Value is ranked worse than 62.79% of 938
companies
in the Biotechnology industry
Industry Median: 4.72
vs SHSE:688336: 6.82
Sunshine Guojian Pharmaceutical (Shanghai) Co (SHSE:688336) 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.
Sunshine Guojian Pharmaceutical (Shanghai) Co Net Current Asset Value Related Terms
Sunshine Guojian Pharmaceutical (Shanghai) 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.
Sunshine Guojian Pharmaceutical (Shanghai) Co Net Current Asset Value Chart
Sunshine Guojian Pharmaceutical (Shanghai) Co Annual Data
SHSE:688336 vs VRTX, REGN, RVMD: Net Current Asset Value Comparison
For the Biotechnology subindustry, Sunshine Guojian Pharmaceutical (Shanghai) 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.
Sunshine Guojian Pharmaceutical (Shanghai) Co Price-to-Net-Current-Asset-Value vs Biotechnology Industry
* 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 ¥6.43 mean?
Sunshine Guojian Pharmaceutical (Shanghai) Co (SHSE:688336) has a Net Current Asset Value of ¥6.43 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 Sunshine Guojian Pharmaceutical (Shanghai) Co and its competitors. This is 10% above median its historical median of 5.84. Over the past decade, Sunshine Guojian Pharmaceutical (Shanghai) Co's Net Current Asset Value has ranged from 3.01 to 12.15. According to the industry distribution chart, Sunshine Guojian Pharmaceutical (Shanghai) Co ranks #589 out of 938 companies in the Biotechnology industry, placing it in the top 62.8%.
Is Sunshine Guojian Pharmaceutical (Shanghai) Co's Net Current Asset Value too high?
Sunshine Guojian Pharmaceutical (Shanghai) Co's current Net Current Asset Value of ¥6.43 is 10% above median its 10-year median of 5.84. Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 12.15. Based on the distribution chart, Sunshine Guojian Pharmaceutical (Shanghai) Co ranks #589 out of 938 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Sunshine Guojian Pharmaceutical (Shanghai) Co has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunshine Guojian Pharmaceutical (Shanghai) Co's Net Current Asset Value compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Sunshine Guojian Pharmaceutical (Shanghai) Co ranks #589 out of 938 companies for Net Current Asset Value. This places Sunshine Guojian Pharmaceutical (Shanghai) Co in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Historically, Sunshine Guojian Pharmaceutical (Shanghai) Co's own Net Current Asset Value has ranged from 3.01 to 12.15 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.72, based on 938 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 Sunshine Guojian Pharmaceutical (Shanghai) Co and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Guojian Pharmaceutical (Shanghai) Co's current Net Current Asset Value is ¥6.43, which is 10% above median its own 10-year median of 5.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Guojian Pharmaceutical (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Guojian Pharmaceutical (Shanghai) Co (SHSE:688336) is currently considered Possible Value Trap. The stock's GF Value™ is ¥67.47, compared to a current price of ¥43.83 — trading 35% below its estimated fair value. The current Net Current Asset Value is ¥6.43, which is 10% above median its 10-year median of 5.84. Sunshine Guojian Pharmaceutical (Shanghai) Co's overall GF Score™ is 81/100 with 3 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 Sunshine Guojian Pharmaceutical (Shanghai) Co (SHSE:688336), the current Net Current Asset Value is ¥6.43 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 Sunshine Guojian Pharmaceutical (Shanghai) Co (SHSE:688336) Overvalued in 2026?
Based on GuruFocus' analysis, Sunshine Guojian Pharmaceutical (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥43.83 is trading 35% below its estimated GF Value™ of ¥67.47.
GuruFocus considers Sunshine Guojian Pharmaceutical (Shanghai) Co to be Possible Value Trap.
Key valuation signals for SHSE:688336:
Net Current Asset Value: ¥6.43 (10% above median its 10-year median of 5.84)
GF Value™: ¥67.47 vs. price of ¥43.83 (35% below fair value)
No single metric tells the full story. See the SHSE:688336 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunshine Guojian Pharmaceutical (Shanghai) Co Business Description
Sunshine Guojian Pharmaceutical (Shanghai) Co Ltd is a biopharmaceutical company providing safe and effective clinical solutions for the treatment of major diseases such as autoimmune diseases and tumors. The company engages in in research and development, manufacturing and commercialization of therapeutic antibody drugs in China. Its products portfolio includes YISAIPU and Xenopax. Its products in pipeline include 302H, 304R, 602, 601A, 609A and 301S.
81GF Score
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