Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Asset Plus's share price for the quarter that ended in Mar. 2026 was NZ$0.18. Asset Plus's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 362.72 Mil. Therefore, Asset Plus's market cap for the quarter that ended in Mar. 2026 was NZ$65.29 Mil.
Asset Plus's quarterly market cap
increased
from Mar. 2025 (NZ$67.47 Mil) to Sep. 2025 (NZ$79.80 Mil) but then
declined
from Sep. 2025 (NZ$79.80 Mil) to Mar. 2026 (NZ$65.29 Mil).
Asset Plus's annual market cap
declined
from Mar. 2024 (NZ$81.61 Mil) to Mar. 2025 (NZ$67.47 Mil) and
declined
from Mar. 2025 (NZ$67.47 Mil) to Mar. 2026 (NZ$65.29 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Asset Plus's Enterprise Value for Today is NZ$104.67 Mil.
Asset Plus (NZSE:APL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Asset Plus Market Cap Related Terms
Asset Plus Market Cap Historical Data
* Premium members only.
The historical data trend for Asset Plus's Market Cap 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.
For the REIT - Diversified subindustry, Asset Plus's Market Cap, along with its competitors' market caps and Market Cap 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.
Asset Plus Market Cap vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Market Cap distribution charts can be found below:
* The bar in red indicates where Asset Plus's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Asset Plus's Market Cap for the fiscal year that ended in Mar. 2026 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.
Asset Plus (NZSE:APL) has a Market Cap of NZ$60.57 Mil as of Jul. 17, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Asset Plus and its competitors. According to the industry distribution chart, Asset Plus ranks #795 out of 971 companies in the REITs industry, placing it in the top 81.9%.
Is Asset Plus' Market Cap too high?
Asset Plus' current Market Cap is NZ$60.57 Mil. Based on the distribution chart, Asset Plus ranks #795 out of 971 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Market Cap compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #795 out of 971 companies for Market Cap. This places Asset Plus in the lower half of its industry. The industry median Market Cap is 290.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a REITs company?
The median Market Cap among REITs companies is 290.93, based on 971 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Asset Plus and its competitors. For the REITs industry, the median Market Cap is 290.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Market Cap is NZ$60.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 26.1% below its estimated fair value. The current Market Cap is NZ$60.57 Mil. Asset Plus' overall GF Score™ is 38/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Asset Plus (NZSE:APL), the current Market Cap is NZ$60.57 Mil as of Jul. 17, 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 26.1% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Market Cap: NZ$60.57 Mil
GF Value™: NZ$0.23 vs. price of NZ$0.17 (26.1% below fair value)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
38GF Score
Get the complete analysis for NZSE:APL
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:APL has been successfully added to your 
