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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).
ENGIE Brasil Energia's net current asset value per share for the quarter that ended in Mar. 2026 was R$-30.50.
The historical rank and industry rank for ENGIE Brasil Energia's Net Current Asset Value or its related term are showing as below:
BSP:EGIE3's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
ENGIE Brasil Energia (BSP:EGIE3) 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.
ENGIE Brasil Energia Net Current Asset Value Related Terms
ENGIE Brasil Energia Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ENGIE Brasil Energia'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.
ENGIE Brasil Energia Net Current Asset Value Chart
ENGIE Brasil Energia Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, ENGIE Brasil Energia'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.
ENGIE Brasil Energia Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ENGIE Brasil Energia's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ENGIE Brasil Energia'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$-30.50 mean?
ENGIE Brasil Energia (BSP:EGIE3) has a Net Current Asset Value of R$-30.50 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ENGIE Brasil Energia and its competitors. According to the industry distribution chart, ENGIE Brasil Energia ranks #999999 out of 105 companies in the Utilities - Independent Power Producers industry.
Is ENGIE Brasil Energia's Net Current Asset Value too high?
ENGIE Brasil Energia's current Net Current Asset Value is R$-30.50. Based on the distribution chart, ENGIE Brasil Energia ranks #999999 out of 105 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, ENGIE Brasil Energia has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENGIE Brasil Energia's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ENGIE Brasil Energia ranks #999999 out of 105 companies for Net Current Asset Value. This places ENGIE Brasil Energia in the lower half of its industry. The industry median Net Current Asset Value is 5.20. 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 - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.20, based on 105 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 ENGIE Brasil Energia and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENGIE Brasil Energia's current Net Current Asset Value is R$-30.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENGIE Brasil Energia stock overvalued right now?
Based on GuruFocus' analysis, ENGIE Brasil Energia (BSP:EGIE3) is currently considered Fairly Valued. The stock's GF Value™ is R$33.25, compared to a current price of R$30.15 — trading 9.3% below its estimated fair value. The current Net Current Asset Value is R$-30.50. ENGIE Brasil Energia's overall GF Score™ is 69/100 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 ENGIE Brasil Energia (BSP:EGIE3), the current Net Current Asset Value is R$-30.50 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 ENGIE Brasil Energia (BSP:EGIE3) Overvalued in 2026?
Based on GuruFocus' analysis, ENGIE Brasil Energia stock appears to be undervalued.
The current stock price of R$30.15 is trading 9.3% below its estimated GF Value™ of R$33.25.
GuruFocus considers ENGIE Brasil Energia to be Fairly Valued.
Key valuation signals for BSP:EGIE3:
Net Current Asset Value: R$-30.50
GF Value™: R$33.25 vs. price of R$30.15 (9.3% below fair value)
No single metric tells the full story. See the BSP:EGIE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENGIE Brasil Energia SA develops, operates, and commercializes electric energy power plants in Brazil. The company operates in four segments: Generation and sale: this is the Company's main business, and it includes the generation and sale of the electricity in the portfolio; Transmission: the Company is responsible for the construction and installation of the infrastructure related to the transmission concession of the Gralha Azul, Novo Estado, Gaviao Real, Asa Branca and Grauna Transmission Systems, being exposed to the risks and benefits of this construction; Trading: this segment aims to obtain results through the variation in energy prices, within previously established risk limits; Gas transportation: operates in the gas markets through its joint-venture TAG.
69GF Score
Get the complete analysis for BSP:EGIE3
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