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.
Qualitas Real Estateome FundASX:QRI 30 Net Current Asset Value is A$1.60 as of Dec. 2025, which is 100% below its 10-year median of 68.51. GuruFocus rates ASX:QRI with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 376 Asset Management companies, Qualitas Real Estateome Fund ranks better than 82.45% 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).
Qualitas Real Estateome Fund's net current asset value per share for the quarter that ended in Dec. 2025 was A$1.60.
The historical rank and industry rank for Qualitas Real Estateome Fund's Net Current Asset Value or its related term are showing as below:
ASX:QRI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.92 Med: 68.51 Max: 161.76
Current: 0.97
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Qualitas Real Estateome Fund was 161.76. The lowest was 0.92. And the median was 68.51.
ASX:QRI's Price-to-Net-Current-Asset-Value is ranked better than 82.45% of 376
companies
in the Asset Management industry
Industry Median: 3.4
vs ASX:QRI: 0.97
Qualitas Real Estateome Fund (ASX:QRI) 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.
Qualitas Real Estateome Fund Net Current Asset Value Related Terms
Qualitas Real Estateome 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.
Qualitas Real Estateome Fund Net Current Asset Value Chart
ASX:QRI vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Qualitas Real Estateome 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.
Qualitas Real Estateome Fund Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Qualitas Real Estateome Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Qualitas Real Estateome 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$1.60 mean?
Qualitas Real Estateome Fund (ASX:QRI) has a Net Current Asset Value of A$1.60 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 Qualitas Real Estateome Fund and its competitors. This is 98% below median its historical median of 68.51. Over the past decade, Qualitas Real Estateome Fund's Net Current Asset Value has ranged from 0.92 to 161.76. According to the industry distribution chart, Qualitas Real Estateome Fund ranks #66 out of 376 companies in the Asset Management industry, placing it in the top 17.6%.
Is Qualitas Real Estateome Fund's Net Current Asset Value too high?
Qualitas Real Estateome Fund's current Net Current Asset Value of A$1.60 is 98% below median its 10-year median of 68.51. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 161.76. Based on the distribution chart, Qualitas Real Estateome Fund ranks #66 out of 376 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Qualitas Real Estateome Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Qualitas Real Estateome Fund's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Qualitas Real Estateome Fund ranks #66 out of 376 companies for Net Current Asset Value. This places Qualitas Real Estateome Fund in the top 18% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.40. Historically, Qualitas Real Estateome Fund's own Net Current Asset Value has ranged from 0.92 to 161.76 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 an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.40, based on 376 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 Qualitas Real Estateome Fund and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas Real Estateome Fund's current Net Current Asset Value is A$1.60, which is 98% below median its own 10-year median of 68.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas Real Estateome Fund stock overvalued right now?
Qualitas Real Estateome Fund (ASX:QRI) has a current Net Current Asset Value of A$1.60. The current Net Current Asset Value is A$1.60, which is 98% below median its 10-year median of 68.51. Qualitas Real Estateome Fund's overall GF Score™ is 30/100 with 5 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 Qualitas Real Estateome Fund (ASX:QRI), the current Net Current Asset Value is A$1.60 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.
Qualitas Real Estate Income Fund is a real estate investment management firm that seeks to invest the Trust's capital in a portfolio of investments that provide unitholders with exposure to real estate loans secured by first and second mortgages, predominantly located in Australia.
30GF Score
Get the complete analysis for ASX:QRI
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:QRI has been successfully added to your 
