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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).
Guangzhou R&F Properties Co's net current asset value per share for the quarter that ended in Dec. 2025 was €-2.41.
The historical rank and industry rank for Guangzhou R&F Properties Co's Net Current Asset Value or its related term are showing as below:
STU:G5HA's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.11 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Guangzhou R&F Properties Co (STU:G5HA) 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.
Guangzhou R&F Properties Co Net Current Asset Value Related Terms
Guangzhou R&F Properties 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.
Guangzhou R&F Properties Co Net Current Asset Value Chart
Guangzhou R&F Properties Co Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Guangzhou R&F Properties 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.
Guangzhou R&F Properties Co Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Guangzhou R&F Properties Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Guangzhou R&F Properties 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 €-2.41 mean?
Guangzhou R&F Properties Co (STU:G5HA) has a Net Current Asset Value of €-2.41 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Guangzhou R&F Properties Co and its competitors. According to the industry distribution chart, Guangzhou R&F Properties Co ranks #999999 out of 756 companies in the Real Estate industry.
Is Guangzhou R&F Properties Co's Net Current Asset Value too high?
Guangzhou R&F Properties Co's current Net Current Asset Value is €-2.41. Based on the distribution chart, Guangzhou R&F Properties Co ranks #999999 out of 756 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Guangzhou R&F Properties Co has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Guangzhou R&F Properties Co's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Guangzhou R&F Properties Co ranks #999999 out of 756 companies for Net Current Asset Value. This places Guangzhou R&F Properties Co in the lower half of its industry. The industry median Net Current Asset Value is 2.11. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.11, based on 756 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 Guangzhou R&F Properties Co and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangzhou R&F Properties Co's current Net Current Asset Value is €-2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou R&F Properties Co stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou R&F Properties Co (STU:G5HA) is currently considered Possible Value Trap. The stock's GF Value™ is €0.04, compared to a current price of €0.03 — trading 37.5% below its estimated fair value. The current Net Current Asset Value is €-2.41. Guangzhou R&F Properties Co's overall GF Score™ is 32/100 with 4 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 Guangzhou R&F Properties Co (STU:G5HA), the current Net Current Asset Value is €-2.41 as of Dec. 2025. 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 Guangzhou R&F Properties Co (STU:G5HA) Overvalued in 2026?
Based on GuruFocus' analysis, Guangzhou R&F Properties Co stock appears to be undervalued.
The current stock price of €0.03 is trading 37.5% below its estimated GF Value™ of €0.04.
GuruFocus considers Guangzhou R&F Properties Co to be Possible Value Trap.
Key valuation signals for STU:G5HA:
Net Current Asset Value: €-2.41
GF Value™: €0.04 vs. price of €0.03 (37.5% below fair value)
No single metric tells the full story. See the STU:G5HA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangzhou R&F Properties Co Ltd is principally engaged in the development and sale of properties, property investment, hotel operations, and the provision of other property development-related services. The company operates its business through four segments: Property Development, Property Investment, Hotel Operations, and Others. The majority of its revenue is generated from the Property Development. The company mainly focuses on mass residential property development projects on a variety of scales. The company operates its business in the domestic market and overseas markets.
32GF Score
Get the complete analysis for STU:G5HA
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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