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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).
BKK:QHOP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.27 Med: 108.67 Max: 406
Current: 340
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Quality Hospitality Leasehold Property Fund was 406.00. The lowest was 5.27. And the median was 108.67.
BKK:QHOP's Price-to-Net-Current-Asset-Value is ranked worse than 96.19% of 105
companies
in the REITs industry
Industry Median: 7.7
vs BKK:QHOP: 340.00
Quality Hospitality Leasehold Property Fund (BKK:QHOP) 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.
Quality Hospitality Leasehold Property Fund Net Current Asset Value Related Terms
Quality Hospitality Leasehold Property 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.
Quality Hospitality Leasehold Property Fund Net Current Asset Value Chart
Quality Hospitality Leasehold Property Fund Annual Data
BKK:QHOP vs EQIX, AMT, DLR: Net Current Asset Value Comparison
For the REIT - Specialty subindustry, Quality Hospitality Leasehold Property 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.
Quality Hospitality Leasehold Property Fund Price-to-Net-Current-Asset-Value vs REITs Industry
* 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 ฿0.01 mean?
Quality Hospitality Leasehold Property Fund (BKK:QHOP) has a Net Current Asset Value of ฿0.01 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 Quality Hospitality Leasehold Property Fund and its competitors. This is 100% below median its historical median of 108.67. Over the past decade, Quality Hospitality Leasehold Property Fund's Net Current Asset Value has ranged from 5.27 to 406.00. According to the industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #101 out of 105 companies in the REITs industry, placing it in the top 96.2%.
Is Quality Hospitality Leasehold Property Fund's Net Current Asset Value too high?
Quality Hospitality Leasehold Property Fund's current Net Current Asset Value of ฿0.01 is 100% below median its 10-year median of 108.67. Over the past 10 years, this metric has ranged from a low of 5.27 to a high of 406.00. Based on the distribution chart, Quality Hospitality Leasehold Property Fund ranks #101 out of 105 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Quality Hospitality Leasehold Property Fund has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quality Hospitality Leasehold Property Fund's Net Current Asset Value compare to EQIX and AMT?
According to the REITs industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #101 out of 105 companies for Net Current Asset Value. This places Quality Hospitality Leasehold Property Fund in the lower half of its industry. The industry median Net Current Asset Value is 7.70. Historically, Quality Hospitality Leasehold Property Fund's own Net Current Asset Value has ranged from 5.27 to 406.00 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 7.70, based on 105 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 Quality Hospitality Leasehold Property Fund and its competitors. For the REITs industry, the median Net Current Asset Value is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quality Hospitality Leasehold Property Fund's current Net Current Asset Value is ฿0.01, which is 100% below median its own 10-year median of 108.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Hospitality Leasehold Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund (BKK:QHOP) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿10.89, compared to a current price of ฿3.40 — trading 68.8% below its estimated fair value. The current Net Current Asset Value is ฿0.01, which is 100% below median its 10-year median of 108.67. Quality Hospitality Leasehold Property Fund's overall GF Score™ is 72/100 with 3 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP), the current Net Current Asset Value is ฿0.01 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP) Overvalued in 2026?
Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund stock appears to be undervalued.
The current stock price of ฿3.40 is trading 68.8% below its estimated GF Value™ of ฿10.89.
GuruFocus considers Quality Hospitality Leasehold Property Fund to be Significantly Undervalued.
Key valuation signals for BKK:QHOP:
Net Current Asset Value: ฿0.01 (100% below median its 10-year median of 108.67)
GF Value™: ฿10.89 vs. price of ฿3.40 (68.8% below fair value)
No single metric tells the full story. See the BKK:QHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quality Hospitality Leasehold Property Fund is a close-ended leasehold property fund and a specific property fund. The Fund's objective is to mobilize funds from the public and general investors to purchase and lease immovable properties and to seek benefits from those properties including the modification, development, and disposal of the properties, which the Fund invests in or possesses by way of letting, subletting and disposal for the benefit of the properties themselves and to generate income and return for unit holders and the Fund.
72GF Score
Get the complete analysis for BKK:QHOP
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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