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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).
American Realty Investors's net current asset value per share for the quarter that ended in Jun. 2026 was $0.10.
The historical rank and industry rank for American Realty Investors's Net Current Asset Value or its related term are showing as below:
ARL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 21.19 Med: 44.4 Max: 222.7
Current: 160.8
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of American Realty Investors was 222.70. The lowest was 21.19. And the median was 44.40.
ARL's Price-to-Net-Current-Asset-Value is ranked worse than 99.6% of 759
companies
in the Real Estate industry
Industry Median: 2.15
vs ARL: 160.80
American Realty Investors (NYSE:ARL) 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.
American Realty Investors Net Current Asset Value Related Terms
American Realty Investors Net Current Asset Value Historical Data
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The historical data trend for American Realty Investors'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.
American Realty Investors Net Current Asset Value Chart
ARL vs RMAX, NTPIF, CHCI: Net Current Asset Value Comparison
For the Real Estate Services subindustry, American Realty Investors'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.
American Realty Investors Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, American Realty Investors's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where American Realty Investors'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 $0.10 mean?
American Realty Investors (ARL) has a Net Current Asset Value of $0.10 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on American Realty Investors and its competitors. According to the industry distribution chart, American Realty Investors ranks #756 out of 759 companies in the Real Estate industry, placing it in the top 99.6%.
Is American Realty Investors' Net Current Asset Value too high?
American Realty Investors' current Net Current Asset Value is $0.10. The Real Estate industry median Net Current Asset Value is 2.15. American Realty Investors' value of $0.10 is 95.3% below this industry median. Based on the distribution chart, American Realty Investors ranks #756 out of 759 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, American Realty Investors has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Realty Investors' Net Current Asset Value compare to RMAX and NTPIF?
According to the Real Estate industry distribution chart, American Realty Investors ranks #756 out of 759 companies for Net Current Asset Value. This places American Realty Investors in the lower half of its industry. The industry median Net Current Asset Value is 2.15. American Realty Investors' value of $0.10 is 95.3% below this benchmark. 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 2.15, based on 759 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. American Realty Investors's current Net Current Asset Value of $0.10 is 95.3% below the industry median. 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 American Realty Investors and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Realty Investors's current Net Current Asset Value is $0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Realty Investors stock overvalued right now?
Based on GuruFocus' analysis, American Realty Investors (ARL) is currently considered Fairly Valued. The stock's GF Value™ is $16.41, compared to a current price of $16.08 — trading 2% below its estimated fair value. The current Net Current Asset Value is $0.10 and 95.3% below the Real Estate industry median of 2.15. American Realty Investors' overall GF Score™ is 61/100 with 6 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 American Realty Investors (ARL), the current Net Current Asset Value is $0.10 as of Jun. 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 American Realty Investors (ARL) Overvalued in 2026?
Based on GuruFocus' analysis, American Realty Investors stock appears to be undervalued.
The current stock price of $16.08 is trading 2% below its estimated GF Value™ of $16.41.
GuruFocus considers American Realty Investors to be Fairly Valued.
Key valuation signals for ARL:
Net Current Asset Value: $0.10
GF Value™: $16.41 vs. price of $16.08 (2% below fair value)
Industry Position: 95.3% below the Real Estate median (#756 of 759)
No single metric tells the full story. See the ARL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Realty Investors Inc is a fully integrated externally managed real estate company. The company operates high-quality multifamily and commercial properties throughout the Southern United States and also invests in mortgage notes receivable and in land that is either held for appreciation or development. It operates in two reportable segments: the acquisition, development, ownership and management of multifamily properties (Residential Segment) and the acquisition, ownership and management of commercial real estate properties (Commercial Segment). Maximum revenue is generated from its Residential segment, which includes the rental of apartments and other tenants.
61GF Score
Get the complete analysis for ARL
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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