Alro (BSE:ALR) Net Current Asset Value: lei-0.53 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSE:ALR Alro SA BSE:ALR
60 GF Score
Price lei1.41
GF Value lei1.98
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Alro Net Current Asset Value?

Alro BSE:ALR 60 Net Current Asset Value is lei-0.53 as of Mar. 2026. GuruFocus rates BSE:ALR with a GF Score™ of 60/100 and a GF Value™ of lei1.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,339 Metals & Mining companies, Alro ranks worse than 74682.52% 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).

Alro's net current asset value per share for the quarter that ended in Mar. 2026 was lei-0.53.

The historical rank and industry rank for Alro'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 Alro was 77.75. The lowest was 4.49. And the median was 4.99.

BSE:ALR's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 6.6
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Alro  (BSE:ALR) 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 Graham’s 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.


Alro Net Current Asset Value Related Terms


Alro Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Alro'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.

Alro Net Current Asset Value Chart

Alro Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 0.35 -0.40 -0.60 -0.58

Alro Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.55 -0.56 -0.59 -0.58 -0.53

BSE:ALR vs AA, CENX, CSTM: Net Current Asset Value Comparison

For the Aluminum subindustry, Alro'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.


Alro Price-to-Net-Current-Asset-Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alro's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Alro's Price-to-Net-Current-Asset-Value falls into.


BSE:ALR
60GF Score
Alro SA BSE:ALR
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alro Net Current Asset Value Calculation

Alro's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1841.389-2253.005-0.074-0)/713.779
=-0.58

Alro's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2026 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2026 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1982.342-2364.001-0.055-0)/713.779
=-0.53

* 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 lei-0.53 mean?
Alro (BSE:ALR) has a Net Current Asset Value of lei-0.53 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 Alro and its competitors. Over the past decade, Alro's Net Current Asset Value has ranged from 4.49 to 77.75. According to the industry distribution chart, Alro ranks #999999 out of 1339 companies in the Metals & Mining industry.
Is Alro's Net Current Asset Value too high?
Alro's current Net Current Asset Value is lei-0.53. Over the past 10 years, this metric has ranged from a low of 4.49 to a high of 77.75. Based on the distribution chart, Alro ranks #999999 out of 1339 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Alro has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alro's Net Current Asset Value compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Alro ranks #999999 out of 1339 companies for Net Current Asset Value. This places Alro in the lower half of its industry. The industry median Net Current Asset Value is 6.60. Historically, Alro's own Net Current Asset Value has ranged from 4.49 to 77.75 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.60, based on 1,339 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 Alro and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alro's current Net Current Asset Value is lei-0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alro stock overvalued right now?
Based on GuruFocus' analysis, Alro (BSE:ALR) is currently considered Modestly Undervalued. The stock's GF Value™ is lei1.98, compared to a current price of lei1.41 — trading 29% below its estimated fair value. The current Net Current Asset Value is lei-0.53. Alro's overall GF Score™ is 60/100 with 2 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 Alro (BSE:ALR), the current Net Current Asset Value is lei-0.53 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 Alro (BSE:ALR) Overvalued in 2026?

Based on GuruFocus' analysis, Alro stock appears to be undervalued. The current stock price of lei1.41 is trading 29% below its estimated GF Value™ of lei1.98. GuruFocus considers Alro to be Modestly Undervalued.

Key valuation signals for BSE:ALR:

  • Net Current Asset Value: lei-0.53
  • GF Value™: lei1.98 vs. price of lei1.41 (29% below fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the BSE:ALR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alro Business Description

Address 116 Pitesti Street, Olt County, Slatina, ROU, 230048
Alro SA is a vertically integrated aluminium producer in Europe. The company operates in three segments: Alumina, Primary Aluminium and Processed Aluminium. Alumina segment consists of the group's alumina production operations, which is the main raw material for aluminium smelting. This segment includes ALUM. Primary Aluminium segment manufactures primary aluminium products such as wire rod, slabs and billets and mainly includes the Anodes section, the Electrolysis section, the Casting House and the Eco Recycling Facility. Processed Aluminium segment develops flat rolled products such as plates, sheets, coils and strips, and extruded products. Geographically the company operates in Romania, Other EU countries, Other European non-EU countries, USA, and Other countries.
60GF Score

Get the complete analysis for BSE:ALR

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

lei1.41
Price
lei1.98
GF Value