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Aims Property Securities FundASX:APW 37 Net Current Asset Value is A$0.02 as of Dec. 2025, which is 100% below its 10-year median of 24.07. GuruFocus rates ASX:APW with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 104 REITs companies, Aims Property Securities Fund ranks worse than 92.31% 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).
Aims Property Securities Fund's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.02.
The historical rank and industry rank for Aims Property Securities Fund's Net Current Asset Value or its related term are showing as below:
ASX:APW'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.03 Med: 24.07 Max: 198
Current: 198
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aims Property Securities Fund was 198.00. The lowest was 4.03. And the median was 24.07.
ASX:APW's Price-to-Net-Current-Asset-Value is ranked worse than 92.31% of 104
companies
in the REITs industry
Industry Median: 7.5
vs ASX:APW: 198.00
Aims Property Securities Fund (ASX:APW) 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.
Aims Property Securities Fund Net Current Asset Value Related Terms
Aims Property Securities Fund Net Current Asset Value Historical Data
* 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.
Aims Property Securities Fund Net Current Asset Value Chart
ASX:APW vs VICI, WPC, BNL: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, Aims Property Securities Fund'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.
Aims Property Securities Fund Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Aims Property Securities Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aims Property Securities Fund'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 A$0.02 mean?
Aims Property Securities Fund (ASX:APW) has a Net Current Asset Value of A$0.02 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Aims Property Securities Fund and its competitors. This is 100% below median its historical median of 24.07. Over the past decade, Aims Property Securities Fund's Net Current Asset Value has ranged from 4.03 to 198.00. According to the industry distribution chart, Aims Property Securities Fund ranks #96 out of 104 companies in the REITs industry, placing it in the top 92.3%.
Is Aims Property Securities Fund's Net Current Asset Value too high?
Aims Property Securities Fund's current Net Current Asset Value of A$0.02 is 100% below median its 10-year median of 24.07. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 198.00. Based on the distribution chart, Aims Property Securities Fund ranks #96 out of 104 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Aims Property Securities Fund has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Aims Property Securities Fund's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Aims Property Securities Fund ranks #96 out of 104 companies for Net Current Asset Value. This places Aims Property Securities Fund in the lower half of its industry. The industry median Net Current Asset Value is 7.50. Historically, Aims Property Securities Fund's own Net Current Asset Value has ranged from 4.03 to 198.00 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.50, based on 104 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 Aims Property Securities Fund and its competitors. For the REITs industry, the median Net Current Asset Value is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aims Property Securities Fund's current Net Current Asset Value is A$0.02, which is 100% below median its own 10-year median of 24.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aims Property Securities Fund stock overvalued right now?
Aims Property Securities Fund (ASX:APW) has a current Net Current Asset Value of A$0.02. The current Net Current Asset Value is A$0.02, which is 100% below median its 10-year median of 24.07. Aims Property Securities Fund's overall GF Score™ is 37/100 with 1 warning sign 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 Aims Property Securities Fund (ASX:APW), the current Net Current Asset Value is A$0.02 as of Dec. 2025. 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.
Aims Property Securities Fund Business Description
Aims Property Securities Fund is an Australia-based diversified real estate securities fund listed on the Australian Securities Exchange (ASX). It invests prominently in listed and unlisted property trusts, listed property-related companies, and mortgage funds across various property sectors and geographic locations. The fund aims to provide investors with regular quarterly income and long-term capital growth potential. It maintains a portfolio managed by multiple fund managers and follows prudent investment principles emphasizing conservative gearing and liquidity. Revenue is generated through income distributions and capital appreciation of its property investments.
37GF Score
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