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MetaX Integrated Circuits (Shanghai) CoSHSE:688802 +5.26%7 Net Current Asset Value is ¥29.64 as of Mar. 2026, which is 100% below its 10-year median of 19.72. GuruFocus rates SHSE:688802 with a GF Score™ of 7/100. The stock has 5 warning signs investors should review. Among 1,846 Hardware companies, MetaX Integrated Circuits (Shanghai) Co ranks worse than 90.36% on this metric.
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:688802'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 19.12 Med: 19.72 Max: 27.7
Current: 27.7
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of MetaX Integrated Circuits (Shanghai) Co was 27.70. The lowest was 19.12. And the median was 19.72.
SHSE:688802's Price-to-Net-Current-Asset-Value is ranked worse than 90.36% of 1846
companies
in the Hardware industry
Industry Median: 4.98
vs SHSE:688802: 27.70
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) 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.
MetaX Integrated Circuits (Shanghai) Co Net Current Asset Value Related Terms
MetaX Integrated Circuits (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.
MetaX Integrated Circuits (Shanghai) Co Net Current Asset Value Chart
MetaX Integrated Circuits (Shanghai) Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
72.44
99.26
83.15
30.34
MetaX Integrated Circuits (Shanghai) Co Quarterly Data
SHSE:688802 vs APH, GLW: Net Current Asset Value Comparison
For the Electronic Components subindustry, MetaX Integrated Circuits (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.
MetaX Integrated Circuits (Shanghai) Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, MetaX Integrated Circuits (Shanghai) Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MetaX Integrated Circuits (Shanghai) 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 ¥29.64 mean?
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) has a Net Current Asset Value of ¥29.64 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 MetaX Integrated Circuits (Shanghai) Co and its competitors. This is 50% above median its historical median of 19.72. Over the past decade, MetaX Integrated Circuits (Shanghai) Co's Net Current Asset Value has ranged from 19.12 to 27.70. According to the industry distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #1668 out of 1846 companies in the Hardware industry, placing it in the top 90.4%.
Is MetaX Integrated Circuits (Shanghai) Co's Net Current Asset Value too high?
MetaX Integrated Circuits (Shanghai) Co's current Net Current Asset Value of ¥29.64 is 50% above median its 10-year median of 19.72. Over the past 10 years, this metric has ranged from a low of 19.12 to a high of 27.70. Based on the distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #1668 out of 1846 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MetaX Integrated Circuits (Shanghai) Co has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does MetaX Integrated Circuits (Shanghai) Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #1668 out of 1846 companies for Net Current Asset Value. This places MetaX Integrated Circuits (Shanghai) Co in the lower half of its industry. The industry median Net Current Asset Value is 4.98. Historically, MetaX Integrated Circuits (Shanghai) Co's own Net Current Asset Value has ranged from 19.12 to 27.70 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 4.98, based on 1,846 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 MetaX Integrated Circuits (Shanghai) Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MetaX Integrated Circuits (Shanghai) Co's current Net Current Asset Value is ¥29.64, which is 50% above median its own 10-year median of 19.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetaX Integrated Circuits (Shanghai) Co stock overvalued right now?
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) has a current Net Current Asset Value of ¥29.64. The current Net Current Asset Value is ¥29.64, which is 50% above median its 10-year median of 19.72. MetaX Integrated Circuits (Shanghai) Co's overall GF Score™ is 7/100 with 5 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 MetaX Integrated Circuits (Shanghai) Co (SHSE:688802), the current Net Current Asset Value is ¥29.64 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.
MetaX Integrated Circuits (Shanghai) Co Business Description
MetaX Integrated Circuits (Shanghai) Co Ltd is engaged in the research, design, and sale of high-performance GPU chips and computing platforms. Its business activities include technical services, technology development, consulting, and technology transfer in the areas of integrated circuit, electronic, communication, computer software and hardware, and network technologies. The company also provides integrated circuit design, software development, and sells electronic products.
7GF Score
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