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.
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:ALZR11's Price-to-Net-Current-Asset-Value is ranked better than 51.4% of 107
companies
in the REITs industry
Industry Median: 7.76
vs BSP:ALZR11: 7.35
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) 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.
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Net Current Asset Value Related Terms
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario 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.
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Net Current Asset Value Chart
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Annual Data
* 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.
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Price-to-Net-Current-Asset-Value vs REITs Industry
* 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$1.36 mean?
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) has a Net Current Asset Value of R$1.36 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario and its competitors. This is 52% below median its historical median of 2.81. Over the past decade, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Net Current Asset Value has ranged from 1.72 to 58.28. According to the industry distribution chart, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario ranks #52 out of 107 companies in the REITs industry, placing it in the top 48.6%.
Is Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Net Current Asset Value too high?
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's current Net Current Asset Value of R$1.36 is 52% below median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 58.28. Based on the distribution chart, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario ranks #52 out of 107 companies in the REITs industry, which is above the industry midpoint. Overall, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario ranks #52 out of 107 companies for Net Current Asset Value. This puts Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario in the upper half of its industry. The industry median Net Current Asset Value is 7.76. Historically, Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's own Net Current Asset Value has ranged from 1.72 to 58.28 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.76, based on 107 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 Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario and its competitors. For the REITs industry, the median Net Current Asset Value is 7.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's current Net Current Asset Value is R$1.36, which is 52% below median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario stock overvalued right now?
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11) has a current Net Current Asset Value of R$1.36. The current Net Current Asset Value is R$1.36, which is 52% below median its 10-year median of 2.81. Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario's overall GF Score™ is 59/100 with 3 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 Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario (BSP:ALZR11), the current Net Current Asset Value is R$1.36 as of Jun. 2025. 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.
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario Business Description
Alianza Trust Renda Imobiliaria Fundo Investimento Imobiliario has a single class of shares, called the Alianza Single Class of Shares. The purpose of this Class is to obtain income and capital gains through the investment of at least 80% of its net worth; directly, in real estate or real rights over completed non-residential properties, concurrent with the execution of atypical lease agreements.
59GF Score
Get the complete analysis for BSP:ALZR11
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
BSP:ALZR11 has been successfully added to your 
