Arcelik ASACKAY +7.10%75 Net Current Asset Value is $-25.86 as of Mar. 2026. GuruFocus rates ACKAY with a GF Score™ of 75/100 and a GF Value™ of $9.86 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 282 Furnishings, Fixtures & Appliances companies, Arcelik AS ranks worse than 354609.57% 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).
Arcelik AS's net current asset value per share for the quarter that ended in Mar. 2026 was $-25.86.
The historical rank and industry rank for Arcelik AS's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Arcelik AS was 868.67. The lowest was 12.50. And the median was 67.81.
ACKAY's Price-to-Net-Current-Asset-Value is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 3.54 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Arcelik AS (OTCPK:ACKAY) 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.
Arcelik AS Net Current Asset Value Related Terms
Arcelik AS Net Current Asset Value Historical Data
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The historical data trend for Arcelik AS'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.
ACKAY vs SN, SGI, MHK: Net Current Asset Value Comparison
For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.
Arcelik AS Price-to-Net-Current-Asset-Value vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Arcelik AS'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 $-25.86 mean?
Arcelik AS (ACKAY) has a Net Current Asset Value of $-25.86 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 Arcelik AS and its competitors. Over the past decade, Arcelik AS's Net Current Asset Value has ranged from 12.50 to 868.67. According to the industry distribution chart, Arcelik AS ranks #999999 out of 282 companies in the Furnishings, Fixtures & Appliances industry.
Is Arcelik AS's Net Current Asset Value too high?
Arcelik AS's current Net Current Asset Value is $-25.86. Over the past 10 years, this metric has ranged from a low of 12.50 to a high of 868.67. Based on the distribution chart, Arcelik AS ranks #999999 out of 282 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Arcelik AS has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's Net Current Asset Value compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Arcelik AS ranks #999999 out of 282 companies for Net Current Asset Value. This places Arcelik AS in the lower half of its industry. The industry median Net Current Asset Value is 3.54. Historically, Arcelik AS's own Net Current Asset Value has ranged from 12.50 to 868.67 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 Furnishings, Fixtures & Appliances company?
The median Net Current Asset Value among Furnishings, Fixtures & Appliances companies is 3.54, based on 282 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 Arcelik AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Net Current Asset Value is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcelik AS's current Net Current Asset Value is $-25.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (ACKAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.86, compared to a current price of $12.52 — trading 27% above its estimated fair value. The current Net Current Asset Value is $-25.86. Arcelik AS's overall GF Score™ is 75/100 with 8 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 Arcelik AS (ACKAY), the current Net Current Asset Value is $-25.86 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 Arcelik AS (ACKAY) Overvalued in 2026?
Based on GuruFocus' analysis, Arcelik AS stock appears to be overvalued.
The current stock price of $12.52 is trading 27% above its estimated GF Value™ of $9.86.
GuruFocus considers Arcelik AS to be Modestly Overvalued.
Key valuation signals for ACKAY:
Net Current Asset Value: $-25.86
GF Value™: $9.86 vs. price of $12.52 (27% above fair value)
No single metric tells the full story. See the ACKAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
75GF Score
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