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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:688523's Price-to-Net-Current-Asset-Value is ranked worse than 95.5% of 200
companies
in the Aerospace & Defense industry
Industry Median: 8.17
vs SHSE:688523: 94.44
Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) 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.
Hunan Aerospace Huanyu Communication Technology Co Net Current Asset Value Related Terms
Hunan Aerospace Huanyu Communication 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.
Hunan Aerospace Huanyu Communication Technology Co Net Current Asset Value Chart
Hunan Aerospace Huanyu Communication Technology Co Annual Data
SHSE:688523 vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Hunan Aerospace Huanyu Communication 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.
Hunan Aerospace Huanyu Communication Technology Co Price-to-Net-Current-Asset-Value vs Aerospace & Defense 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 ¥0.48 mean?
Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) has a Net Current Asset Value of ¥0.48 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 Hunan Aerospace Huanyu Communication Technology Co and its competitors. This is 97% below median its historical median of 15.19. Over the past decade, Hunan Aerospace Huanyu Communication Technology Co's Net Current Asset Value has ranged from 11.66 to 134.56. According to the industry distribution chart, Hunan Aerospace Huanyu Communication Technology Co ranks #191 out of 200 companies in the Aerospace & Defense industry, placing it in the top 95.5%.
Is Hunan Aerospace Huanyu Communication Technology Co's Net Current Asset Value too high?
Hunan Aerospace Huanyu Communication Technology Co's current Net Current Asset Value of ¥0.48 is 97% below median its 10-year median of 15.19. Over the past 10 years, this metric has ranged from a low of 11.66 to a high of 134.56. Based on the distribution chart, Hunan Aerospace Huanyu Communication Technology Co ranks #191 out of 200 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Hunan Aerospace Huanyu Communication Technology Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hunan Aerospace Huanyu Communication Technology Co's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Hunan Aerospace Huanyu Communication Technology Co ranks #191 out of 200 companies for Net Current Asset Value. This places Hunan Aerospace Huanyu Communication Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 8.17. Historically, Hunan Aerospace Huanyu Communication Technology Co's own Net Current Asset Value has ranged from 11.66 to 134.56 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 Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.17, based on 200 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 Hunan Aerospace Huanyu Communication Technology Co and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hunan Aerospace Huanyu Communication Technology Co's current Net Current Asset Value is ¥0.48, which is 97% below median its own 10-year median of 15.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hunan Aerospace Huanyu Communication Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥28.07, compared to a current price of ¥45.33 — trading 61.5% above its estimated fair value. The current Net Current Asset Value is ¥0.48, which is 97% below median its 10-year median of 15.19. Hunan Aerospace Huanyu Communication Technology Co's overall GF Score™ is 74/100 with 9 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 Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523), the current Net Current Asset Value is ¥0.48 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 Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) Overvalued in 2026?
Based on GuruFocus' analysis, Hunan Aerospace Huanyu Communication Technology Co stock appears to be overvalued.
The current stock price of Â¥45.33 is trading 61.5% above its estimated GF Value™ of Â¥28.07.
GuruFocus considers Hunan Aerospace Huanyu Communication Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688523:
Net Current Asset Value: ¥0.48 (97% below median its 10-year median of 15.19)
GF Value™: Â¥28.07 vs. price of Â¥45.33 (61.5% above fair value)
No single metric tells the full story. See the SHSE:688523 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hunan Aerospace Huanyu Communication Technology Co Ltd is mainly engaged in the research, development, manufacturing, and service of spaceborne high-end microwave communication systems, satellite communication systems, aerospace technology equipment, and high-end composite material parts and components. The company is committed to providing product support and engineering application services for majorily aerospace host units.
74GF Score
Get the complete analysis for SHSE:688523
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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