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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).
The historical rank and industry rank for Pilani Investment and Industries'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 Pilani Investment and Industries was 13.12. The lowest was 0.96. And the median was 2.28.
BOM:539883's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.36 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Pilani Investment and Industries (BOM:539883) 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.
Pilani Investment and Industries Net Current Asset Value Related Terms
Pilani Investment and Industries 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.
Pilani Investment and Industries Net Current Asset Value Chart
BOM:539883 vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Pilani Investment and Industries'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.
Pilani Investment and Industries Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pilani Investment and Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Pilani Investment and Industries'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 ₹-2,776.42 mean?
Pilani Investment and Industries (BOM:539883) has a Net Current Asset Value of ₹-2,776.42 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 Pilani Investment and Industries and its competitors. Over the past decade, Pilani Investment and Industries' Net Current Asset Value has ranged from 0.96 to 13.12. According to the industry distribution chart, Pilani Investment and Industries ranks #999999 out of 375 companies in the Asset Management industry.
Is Pilani Investment and Industries' Net Current Asset Value too high?
Pilani Investment and Industries' current Net Current Asset Value is ₹-2,776.42. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 13.12. Based on the distribution chart, Pilani Investment and Industries ranks #999999 out of 375 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pilani Investment and Industries has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pilani Investment and Industries' Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Pilani Investment and Industries ranks #999999 out of 375 companies for Net Current Asset Value. This places Pilani Investment and Industries in the lower half of its industry. The industry median Net Current Asset Value is 3.36. Historically, Pilani Investment and Industries' own Net Current Asset Value has ranged from 0.96 to 13.12 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 3.36, based on 375 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 Pilani Investment and Industries and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pilani Investment and Industries's current Net Current Asset Value is ₹-2,776.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilani Investment and Industries stock overvalued right now?
Based on GuruFocus' analysis, Pilani Investment and Industries (BOM:539883) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,170.04, compared to a current price of ₹4,302.00 — trading 3.2% above its estimated fair value. The current Net Current Asset Value is ₹-2,776.42. Pilani Investment and Industries' overall GF Score™ is 67/100 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 Pilani Investment and Industries (BOM:539883), the current Net Current Asset Value is ₹-2,776.42 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 Pilani Investment and Industries (BOM:539883) Overvalued in 2026?
Based on GuruFocus' analysis, Pilani Investment and Industries stock appears to be overvalued.
The current stock price of ₹4,302.00 is trading 3.2% above its estimated GF Value™ of ₹4,170.04.
GuruFocus considers Pilani Investment and Industries to be Fairly Valued.
Key valuation signals for BOM:539883:
Net Current Asset Value: ₹-2,776.42
GF Value™: ₹4,170.04 vs. price of ₹4,302.00 (3.2% above fair value)
No single metric tells the full story. See the BOM:539883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pilani Investment and Industries Corp Ltd is engaged in investment and financing activities, including investments in various companies and mutual funds, and the granting of unsecured loans to various companies. The company operates only in India.
67GF Score
Get the complete analysis for BOM:539883
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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