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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).
BSP:AFLT3'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.1 Med: 15 Max: 47.06
Current: 43.18
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Afluente Transmissao de Energia Eletrica was 47.06. The lowest was 3.10. And the median was 15.00.
BSP:AFLT3's Price-to-Net-Current-Asset-Value is ranked worse than 93.33% of 90
companies
in the Utilities - Regulated industry
Industry Median: 4.065
vs BSP:AFLT3: 43.18
Afluente Transmissao de Energia Eletrica (BSP:AFLT3) 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.
Afluente Transmissao de Energia Eletrica Net Current Asset Value Related Terms
Afluente Transmissao de Energia Eletrica 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.
Afluente Transmissao de Energia Eletrica Net Current Asset Value Chart
Afluente Transmissao de Energia Eletrica Annual Data
BSP:AFLT3 vs NEE, SO, DUK: Net Current Asset Value Comparison
For the Utilities - Regulated Electric subindustry, Afluente Transmissao de Energia Eletrica'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.
Afluente Transmissao de Energia Eletrica Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Afluente Transmissao de Energia Eletrica's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Afluente Transmissao de Energia Eletrica'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 R$0.17 mean?
Afluente Transmissao de Energia Eletrica (BSP:AFLT3) has a Net Current Asset Value of R$0.17 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Afluente Transmissao de Energia Eletrica and its competitors. This is 99% below median its historical median of 15.00. Over the past decade, Afluente Transmissao de Energia Eletrica's Net Current Asset Value has ranged from 3.10 to 47.06. According to the industry distribution chart, Afluente Transmissao de Energia Eletrica ranks #84 out of 90 companies in the Utilities - Regulated industry, placing it in the top 93.3%.
Is Afluente Transmissao de Energia Eletrica's Net Current Asset Value too high?
Afluente Transmissao de Energia Eletrica's current Net Current Asset Value of R$0.17 is 99% below median its 10-year median of 15.00. Over the past 10 years, this metric has ranged from a low of 3.10 to a high of 47.06. Based on the distribution chart, Afluente Transmissao de Energia Eletrica ranks #84 out of 90 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Afluente Transmissao de Energia Eletrica has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afluente Transmissao de Energia Eletrica's Net Current Asset Value compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Afluente Transmissao de Energia Eletrica ranks #84 out of 90 companies for Net Current Asset Value. This places Afluente Transmissao de Energia Eletrica in the lower half of its industry. The industry median Net Current Asset Value is 4.07. Historically, Afluente Transmissao de Energia Eletrica's own Net Current Asset Value has ranged from 3.10 to 47.06 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 Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.07, based on 90 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 Afluente Transmissao de Energia Eletrica and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afluente Transmissao de Energia Eletrica's current Net Current Asset Value is R$0.17, which is 99% below median its own 10-year median of 15.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afluente Transmissao de Energia Eletrica stock overvalued right now?
Based on GuruFocus' analysis, Afluente Transmissao de Energia Eletrica (BSP:AFLT3) is currently considered Fairly Valued. The stock's GF Value™ is R$7.14, compared to a current price of R$7.34 — trading 2.8% above its estimated fair value. The current Net Current Asset Value is R$0.17, which is 99% below median its 10-year median of 15.00. Afluente Transmissao de Energia Eletrica's 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 Afluente Transmissao de Energia Eletrica (BSP:AFLT3), the current Net Current Asset Value is R$0.17 as of Jun. 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 Afluente Transmissao de Energia Eletrica (BSP:AFLT3) Overvalued in 2026?
Based on GuruFocus' analysis, Afluente Transmissao de Energia Eletrica stock appears to be overvalued.
The current stock price of R$7.34 is trading 2.8% above its estimated GF Value™ of R$7.14.
GuruFocus considers Afluente Transmissao de Energia Eletrica to be Fairly Valued.
Key valuation signals for BSP:AFLT3:
Net Current Asset Value: R$0.17 (99% below median its 10-year median of 15.00)
GF Value™: R$7.14 vs. price of R$7.34 (2.8% above fair value)
No single metric tells the full story. See the BSP:AFLT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afluente Transmissao de Energia Eletrica Business Description
Afluente Transmissao de Energia Eletrica SA operates in the electric power transmission industry. It is active in the study, planning, design, construction, operation, maintenance, and exploration of systems of electric power transmission. The firm operates transmission lines and sub-stations in Bahia, Brazil.
67GF Score
Get the complete analysis for BSP:AFLT3
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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