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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:688501's Price-to-Net-Current-Asset-Value is ranked better than 51.85% of 2216
companies
in the Industrial Products industry
Industry Median: 4.94
vs SHSE:688501: 4.69
Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) 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 GrahamÂ’s 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.
Qingdao Daneng Environmental Protection Equipment Co Net Current Asset Value Related Terms
Qingdao Daneng Environmental Protection Equipment 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.
Qingdao Daneng Environmental Protection Equipment Co Net Current Asset Value Chart
Qingdao Daneng Environmental Protection Equipment Co Annual Data
SHSE:688501 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Qingdao Daneng Environmental Protection Equipment 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.
Qingdao Daneng Environmental Protection Equipment Co Price-to-Net-Current-Asset-Value vs Industrial Products 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 ¥3.34 mean?
Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) has a Net Current Asset Value of ¥3.34 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 Qingdao Daneng Environmental Protection Equipment Co and its competitors. This is 37% below median its historical median of 5.31. Over the past decade, Qingdao Daneng Environmental Protection Equipment Co's Net Current Asset Value has ranged from 2.69 to 10.55. According to the industry distribution chart, Qingdao Daneng Environmental Protection Equipment Co ranks #1067 out of 2216 companies in the Industrial Products industry, placing it in the top 48.1%.
Is Qingdao Daneng Environmental Protection Equipment Co's Net Current Asset Value too high?
Qingdao Daneng Environmental Protection Equipment Co's current Net Current Asset Value of ¥3.34 is 37% below median its 10-year median of 5.31. Over the past 10 years, this metric has ranged from a low of 2.69 to a high of 10.55. Based on the distribution chart, Qingdao Daneng Environmental Protection Equipment Co ranks #1067 out of 2216 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Qingdao Daneng Environmental Protection Equipment Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Qingdao Daneng Environmental Protection Equipment Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Qingdao Daneng Environmental Protection Equipment Co ranks #1067 out of 2216 companies for Net Current Asset Value. This puts Qingdao Daneng Environmental Protection Equipment Co in the upper half of its industry. The industry median Net Current Asset Value is 4.94. Historically, Qingdao Daneng Environmental Protection Equipment Co's own Net Current Asset Value has ranged from 2.69 to 10.55 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 4.94, based on 2,216 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 Qingdao Daneng Environmental Protection Equipment Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Daneng Environmental Protection Equipment Co's current Net Current Asset Value is ¥3.34, which is 37% below median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Daneng Environmental Protection Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) is currently considered Possible Value Trap. The stock's GF Value™ is ¥27.76, compared to a current price of ¥15.68 — trading 43.5% below its estimated fair value. The current Net Current Asset Value is ¥3.34, which is 37% below median its 10-year median of 5.31. Qingdao Daneng Environmental Protection Equipment Co's overall GF Score™ is 75/100 with 7 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 Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501), the current Net Current Asset Value is ¥3.34 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 Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Daneng Environmental Protection Equipment Co stock appears to be undervalued.
The current stock price of Â¥15.68 is trading 43.5% below its estimated GF Value™ of Â¥27.76.
GuruFocus considers Qingdao Daneng Environmental Protection Equipment Co to be Possible Value Trap.
Key valuation signals for SHSE:688501:
Net Current Asset Value: ¥3.34 (37% below median its 10-year median of 5.31)
GF Value™: Â¥27.76 vs. price of Â¥15.68 (43.5% below fair value)
No single metric tells the full story. See the SHSE:688501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Daneng Environmental Protection Equipment Co Business Description
Qingdao Daneng Environmental Protection Equipment Co Ltd is involved in the energy-saving and environmental protection industry. It provides customers with a full range of energy-saving and environmentally-friendly products. The company's technology and products have covered the prevention and control of pollutants such as slag, dust, flue gas, fine particulate matter, NOX, SOX, desulfurization wastewater, and boiler slag and flue gas waste heat recover.
75GF Score
Get the complete analysis for SHSE:688501
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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