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Net Holding AS's quarterly construction in progress
declined
from Sep. 2025 (₺4,646 Mil) to Dec. 2025 (₺2,811 Mil) but then
increased
from Dec. 2025 (₺2,811 Mil) to Mar. 2026 (₺4,290 Mil).
Net Holding AS's annual construction in progress
declined
from Dec. 2023 (₺4,121 Mil) to Dec. 2024 (₺1,898 Mil) but then
increased
from Dec. 2024 (₺1,898 Mil) to Dec. 2025 (₺2,811 Mil).
Net Holding AS Construction In Progress Historical Data
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The historical data trend for Net Holding AS's Construction In Progress 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.
Net Holding AS Construction In Progress Calculation
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
What does a Construction In Progress of ₺4,290 Mil mean?
Net Holding AS (IST:NTHOL) has a Construction In Progress of ₺4,290 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Net Holding AS and its competitors.
Is Net Holding AS's Construction In Progress too high?
Net Holding AS's current Construction In Progress is ₺4,290 Mil. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's Construction In Progress compare to BKNG and ABNB?
Net Holding AS's Construction In Progress of ₺4,290 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Travel & Leisure company?
A good Construction In Progress depends on the Travel & Leisure industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Net Holding AS and its competitors. Net Holding AS's current Construction In Progress is ₺4,290 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current Construction In Progress is ₺4,290 Mil. Net Holding AS's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Net Holding AS (IST:NTHOL), the current Construction In Progress is ₺4,290 Mil 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued.
The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10.
GuruFocus considers Net Holding AS to be Modestly Undervalued.
Key valuation signals for IST:NTHOL:
Construction In Progress: ₺4,290 Mil
GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score
Get the complete analysis for IST:NTHOL
Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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