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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:688459'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.33 Med: 1.6 Max: 1.72
Current: 1.33
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of China Railway Har bin Group of Technology was 1.72. The lowest was 1.33. And the median was 1.60.
SHSE:688459's Price-to-Net-Current-Asset-Value is ranked better than 85% of 360
companies
in the Transportation industry
Industry Median: 3.945
vs SHSE:688459: 1.33
China Railway Har bin Group of Technology (SHSE:688459) 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.
China Railway Har bin Group of Technology Net Current Asset Value Related Terms
China Railway Har bin Group of Technology 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.
China Railway Har bin Group of Technology Net Current Asset Value Chart
China Railway Har bin Group of Technology Annual Data
SHSE:688459 vs UNP, CSX, NSC: Net Current Asset Value Comparison
For the Railroads subindustry, China Railway Har bin Group of Technology'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.
China Railway Har bin Group of Technology Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, China Railway Har bin Group of Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Railway Har bin Group of Technology'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 ¥5.95 mean?
China Railway Har bin Group of Technology (SHSE:688459) has a Net Current Asset Value of ¥5.95 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 China Railway Har bin Group of Technology and its competitors. This is 272% above median its historical median of 1.60. Over the past decade, China Railway Har bin Group of Technology's Net Current Asset Value has ranged from 1.33 to 1.72. According to the industry distribution chart, China Railway Har bin Group of Technology ranks #54 out of 360 companies in the Transportation industry, placing it in the top 15%.
Is China Railway Har bin Group of Technology's Net Current Asset Value too high?
China Railway Har bin Group of Technology's current Net Current Asset Value of ¥5.95 is 272% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 1.72. Based on the distribution chart, China Railway Har bin Group of Technology ranks #54 out of 360 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Railway Har bin Group of Technology has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Railway Har bin Group of Technology's Net Current Asset Value compare to UNP and CSX?
According to the Transportation industry distribution chart, China Railway Har bin Group of Technology ranks #54 out of 360 companies for Net Current Asset Value. This places China Railway Har bin Group of Technology in the top 15% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.95. Historically, China Railway Har bin Group of Technology's own Net Current Asset Value has ranged from 1.33 to 1.72 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 3.95, based on 360 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 China Railway Har bin Group of Technology and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Railway Har bin Group of Technology's current Net Current Asset Value is ¥5.95, which is 272% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Railway Har bin Group of Technology stock overvalued right now?
Based on GuruFocus' analysis, China Railway Har bin Group of Technology (SHSE:688459) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.05, compared to a current price of ¥7.91 — trading 21.3% below its estimated fair value. The current Net Current Asset Value is ¥5.95, which is 272% above median its 10-year median of 1.60. China Railway Har bin Group of Technology's overall GF Score™ is 69/100 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 China Railway Har bin Group of Technology (SHSE:688459), the current Net Current Asset Value is ¥5.95 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 China Railway Har bin Group of Technology (SHSE:688459) Overvalued in 2026?
Based on GuruFocus' analysis, China Railway Har bin Group of Technology stock appears to be undervalued.
The current stock price of ¥7.91 is trading 21.3% below its estimated GF Value™ of ¥10.05.
GuruFocus considers China Railway Har bin Group of Technology to be Modestly Undervalued.
Key valuation signals for SHSE:688459:
Net Current Asset Value: ¥5.95 (272% above median its 10-year median of 1.60)
GF Value™: ¥10.05 vs. price of ¥7.91 (21.3% below fair value)
No single metric tells the full story. See the SHSE:688459 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Railway Har bin Group of Technology Business Description
China Railway Har bin Group of Technology Corp is engaged in the rail transit safety monitoring and testing, railway professional informatization and intelligent equipment business.
69GF Score
Get the complete analysis for SHSE:688459
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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