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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).
Espire Hospitality's net current asset value per share for the quarter that ended in Mar. 2026 was ₹-54.35.
The historical rank and industry rank for Espire Hospitality'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 Espire Hospitality was 350.00. The lowest was 17.64. And the median was 74.07.
BOM:532016's Price-to-Net-Current-Asset-Value is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.05 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Espire Hospitality (BOM:532016) 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.
Espire Hospitality Net Current Asset Value Related Terms
Espire Hospitality Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Espire Hospitality'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.
BOM:532016 vs LVS, MGM, WYNN: Net Current Asset Value Comparison
For the Resorts & Casinos subindustry, Espire Hospitality'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.
Espire Hospitality Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Espire Hospitality's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Espire Hospitality'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 ₹-54.35 mean?
Espire Hospitality (BOM:532016) has a Net Current Asset Value of ₹-54.35 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 Espire Hospitality and its competitors. Over the past decade, Espire Hospitality's Net Current Asset Value has ranged from 17.64 to 350.00. According to the industry distribution chart, Espire Hospitality ranks #999999 out of 309 companies in the Travel & Leisure industry.
Is Espire Hospitality's Net Current Asset Value too high?
Espire Hospitality's current Net Current Asset Value is ₹-54.35. Over the past 10 years, this metric has ranged from a low of 17.64 to a high of 350.00. Based on the distribution chart, Espire Hospitality ranks #999999 out of 309 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Espire Hospitality has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Espire Hospitality's Net Current Asset Value compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Espire Hospitality ranks #999999 out of 309 companies for Net Current Asset Value. This places Espire Hospitality in the lower half of its industry. The industry median Net Current Asset Value is 4.05. Historically, Espire Hospitality's own Net Current Asset Value has ranged from 17.64 to 350.00 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.05, based on 309 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 Espire Hospitality and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Espire Hospitality's current Net Current Asset Value is ₹-54.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Espire Hospitality stock overvalued right now?
Based on GuruFocus' analysis, Espire Hospitality (BOM:532016) is currently considered Possible Value Trap. The stock's GF Value™ is ₹486.24, compared to a current price of ₹170.80 — trading 64.9% below its estimated fair value. The current Net Current Asset Value is ₹-54.35. Espire Hospitality's overall GF Score™ is 48/100 with 4 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 Espire Hospitality (BOM:532016), the current Net Current Asset Value is ₹-54.35 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 Espire Hospitality (BOM:532016) Overvalued in 2026?
Based on GuruFocus' analysis, Espire Hospitality stock appears to be undervalued.
The current stock price of ₹170.80 is trading 64.9% below its estimated GF Value™ of ₹486.24.
GuruFocus considers Espire Hospitality to be Possible Value Trap.
Key valuation signals for BOM:532016:
Net Current Asset Value: ₹-54.35
GF Value™: ₹486.24 vs. price of ₹170.80 (64.9% below fair value)
No single metric tells the full story. See the BOM:532016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Espire Hospitality Ltd is a company that engages in the Hotel Sector and real estate development activities. The company is engaged in the business of hospitality that includes operating, managing, developing, renovating, and promoting hotels and resorts and other related services. The company deals in the Hotel and Resorts segment. The hotels operated by the company include Country Inn Nature Resorts (Bhimtal), Country Inn Tarika (Jim Corbett), Country Inn Tarika Varca Beach (Goa), Country Inn Express (Sajjangarh), Zana - Luxury Escapes (Udaipur), Country Inn Hall of Heritage (Amritsar), and others. The company derives maximum revenue from Room Rent & Room Package Sale services.
48GF Score
Get the complete analysis for BOM:532016
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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