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).
Jangho Group Co's net current asset value per share for the quarter that ended in Mar. 2024 was ¥1.65.
The historical rank and industry rank for Jangho Group Co's Net Current Asset Value or its related term are showing as below:
SHSE:601886'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.1 Med: 4.99 Max: 17.46
Current: 3.62
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Jangho Group Co was 17.46. The lowest was 2.10. And the median was 4.99.
SHSE:601886's Price-to-Net-Current-Asset-Value is ranked worse than 56.5% of 954
companies
in the Construction industry
Industry Median: 2.995
vs SHSE:601886: 3.62
Jangho Group Co Net Current Asset Value Historical Data
The historical data trend for Jangho Group Co's Net Current Asset Value can be seen below:
* 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.
Competitive Comparison of Jangho Group Co's Net Current Asset Value
For the Engineering & Construction subindustry, Jangho Group 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.
Jangho Group Co's Price-to-Net-Current-Asset-Value Distribution in the Construction Industry
For the Construction industry and Industrials sector, Jangho Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Jangho Group Co's Price-to-Net-Current-Asset-Value falls into.
Jangho Group Co Net Current Asset Value Calculation
Jangho Group Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Jangho Group Co (SHSE:601886) 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.
Jangho Group Co Net Current Asset Value Related Terms
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Jangho Group Co (SHSE:601886) Business Description
Jangho Group Co Ltd is a China based company operating in the field of green architectural decoration and health care. In the Architectural decoration, the company focuses on curtain wall and interior decoration (including design), and others. In the Health care field, the company focuses on ophthalmology, third-party testing, and community hospitals. It has a business presence in China and other international countries. The organization's brands are Jangho curtain wall, Sundart, Gangyuan decoration, Gangyuan Curtain wall, SLD, Vision and Zeming Eye hospital.
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