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.
CARE RatingsBOM:534804 +1.00%81 Net Current Asset Value is ₹168.08 as of Mar. 2026, which is 100% below its 10-year median of 6.10. GuruFocus rates BOM:534804 with a GF Score™ of 81/100 and a GF Value™ of ₹1,709.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 502 Capital Markets companies, CARE Ratings ranks worse than 79.28% 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).
CARE Ratings's net current asset value per share for the quarter that ended in Mar. 2026 was ₹168.08.
The historical rank and industry rank for CARE Ratings's Net Current Asset Value or its related term are showing as below:
BOM:534804'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.62 Med: 6.1 Max: 13.61
Current: 10.39
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of CARE Ratings was 13.61. The lowest was 2.62. And the median was 6.10.
BOM:534804's Price-to-Net-Current-Asset-Value is ranked worse than 79.28% of 502
companies
in the Capital Markets industry
Industry Median: 2.69
vs BOM:534804: 10.39
CARE Ratings (BOM:534804) 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.
CARE Ratings Net Current Asset Value Related Terms
CARE Ratings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for CARE Ratings'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:534804 vs SPGI, CME, ICE: Net Current Asset Value Comparison
For the Financial Data & Stock Exchanges subindustry, CARE Ratings'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.
CARE Ratings Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CARE Ratings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CARE Ratings'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 ₹168.08 mean?
CARE Ratings (BOM:534804) has a Net Current Asset Value of ₹168.08 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 CARE Ratings and its competitors. This is 2655% above median its historical median of 6.10. Over the past decade, CARE Ratings' Net Current Asset Value has ranged from 2.62 to 13.61. According to the industry distribution chart, CARE Ratings ranks #398 out of 502 companies in the Capital Markets industry, placing it in the top 79.3%.
Is CARE Ratings' Net Current Asset Value too high?
CARE Ratings' current Net Current Asset Value of ₹168.08 is 2655% above median its 10-year median of 6.10. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 13.61. Based on the distribution chart, CARE Ratings ranks #398 out of 502 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, CARE Ratings has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CARE Ratings' Net Current Asset Value compare to SPGI and CME?
According to the Capital Markets industry distribution chart, CARE Ratings ranks #398 out of 502 companies for Net Current Asset Value. This places CARE Ratings in the lower half of its industry. The industry median Net Current Asset Value is 2.69. Historically, CARE Ratings' own Net Current Asset Value has ranged from 2.62 to 13.61 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.69, based on 502 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 CARE Ratings and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CARE Ratings's current Net Current Asset Value is ₹168.08, which is 2655% above median its own 10-year median of 6.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CARE Ratings stock overvalued right now?
Based on GuruFocus' analysis, CARE Ratings (BOM:534804) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,709.11, compared to a current price of ₹1,746.10 — trading 2.2% above its estimated fair value. The current Net Current Asset Value is ₹168.08, which is 2655% above median its 10-year median of 6.10. CARE Ratings' overall GF Score™ is 81/100 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 CARE Ratings (BOM:534804), the current Net Current Asset Value is ₹168.08 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 CARE Ratings (BOM:534804) Overvalued in 2026?
Based on GuruFocus' analysis, CARE Ratings stock appears to be overvalued.
The current stock price of ₹1,746.10 is trading 2.2% above its estimated GF Value™ of ₹1,709.11.
GuruFocus considers CARE Ratings to be Fairly Valued.
Key valuation signals for BOM:534804:
Net Current Asset Value: ₹168.08 (2655% above median its 10-year median of 6.10)
GF Value™: ₹1,709.11 vs. price of ₹1,746.10 (2.2% above fair value)
No single metric tells the full story. See the BOM:534804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CARE Ratings Ltd provides various credit ratings that helps corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations. The company works in Bank Loan Ratings; Capital Market Instruments, Including NCDs/ Bonds/ Hybrids/ CPs/CDs, etc; Structured Finance Ratings; Monitoring Agency Services for Equity Capital; Rating of REITs /InvITs; Resolution Plan Ratings; Recovery Ratings; Issuer Ratings. The company's segment includes Ratings and related services; and Others. The company generates majority of revenue from Ratings and related services. The company has presence in India, and Outside India. It generates majority of revenue from India.
81GF Score
Get the complete analysis for BOM:534804
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
BOM:534804 has been successfully added to your 
