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 Armac Locacao Logistica e Servicos's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Armac Locacao Logistica e Servicos was 35.16. The lowest was 35.16. And the median was 35.16.
BSP:ARML3's Price-to-Net-Current-Asset-Value is not ranked *
in the Business Services industry.
Industry Median: 3.76 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Armac Locacao Logistica e Servicos (BSP:ARML3) 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.
Armac Locacao Logistica e Servicos Net Current Asset Value Related Terms
Armac Locacao Logistica e Servicos 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.
Armac Locacao Logistica e Servicos Net Current Asset Value Chart
BSP:ARML3 vs URI, SUNB, AER: Net Current Asset Value Comparison
For the Rental & Leasing Services subindustry, Armac Locacao Logistica e Servicos'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.
Armac Locacao Logistica e Servicos Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Armac Locacao Logistica e Servicos's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Armac Locacao Logistica e Servicos'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$-6.75 mean?
Armac Locacao Logistica e Servicos (BSP:ARML3) has a Net Current Asset Value of R$-6.75 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 Armac Locacao Logistica e Servicos and its competitors. Over the past decade, Armac Locacao Logistica e Servicos' Net Current Asset Value has ranged from 35.16 to 35.16. According to the industry distribution chart, Armac Locacao Logistica e Servicos ranks #999999 out of 625 companies in the Business Services industry.
Is Armac Locacao Logistica e Servicos' Net Current Asset Value too high?
Armac Locacao Logistica e Servicos' current Net Current Asset Value is R$-6.75. Over the past 10 years, this metric has ranged from a low of 35.16 to a high of 35.16. Based on the distribution chart, Armac Locacao Logistica e Servicos ranks #999999 out of 625 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Armac Locacao Logistica e Servicos has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Armac Locacao Logistica e Servicos' Net Current Asset Value compare to URI and SUNB?
According to the Business Services industry distribution chart, Armac Locacao Logistica e Servicos ranks #999999 out of 625 companies for Net Current Asset Value. This places Armac Locacao Logistica e Servicos in the lower half of its industry. The industry median Net Current Asset Value is 3.76. Historically, Armac Locacao Logistica e Servicos' own Net Current Asset Value has ranged from 35.16 to 35.16 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.76, based on 625 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 Armac Locacao Logistica e Servicos and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armac Locacao Logistica e Servicos's current Net Current Asset Value is R$-6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armac Locacao Logistica e Servicos stock overvalued right now?
Based on GuruFocus' analysis, Armac Locacao Logistica e Servicos (BSP:ARML3) is currently considered Possible Value Trap. The stock's GF Value™ is R$9.23, compared to a current price of R$2.86 — trading 69% below its estimated fair value. The current Net Current Asset Value is R$-6.75. Armac Locacao Logistica e Servicos' overall GF Score™ is 80/100 with 7 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 Armac Locacao Logistica e Servicos (BSP:ARML3), the current Net Current Asset Value is R$-6.75 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 Armac Locacao Logistica e Servicos (BSP:ARML3) Overvalued in 2026?
Based on GuruFocus' analysis, Armac Locacao Logistica e Servicos stock appears to be undervalued.
The current stock price of R$2.86 is trading 69% below its estimated GF Value™ of R$9.23.
GuruFocus considers Armac Locacao Logistica e Servicos to be Possible Value Trap.
Key valuation signals for BSP:ARML3:
Net Current Asset Value: R$-6.75
GF Value™: R$9.23 vs. price of R$2.86 (69% below fair value)
No single metric tells the full story. See the BSP:ARML3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Armac Locacao Logistica e Servicos Business Description
Armac Locacao Logistica e Servicos SA is engaged in offering machinery and equipment on a rental basis. Some of its equipment includes pavers, telescopic handlers, Compaction rollers, Motor graders, crawler tractors, excavators, and Loaders among others.
80GF Score
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