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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:HSRE11's Price-to-Net-Current-Asset-Value is ranked worse than 100% of 105
companies
in the REITs industry
Industry Median: 7.7
vs BSP:HSRE11: 876.50
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Net Current Asset Value Related Terms
Hsi Renda Imobiliaria - Fundo DE 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.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Net Current Asset Value Chart
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Annual Data
BSP:HSRE11 vs VICI, WPC: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario'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.
Hsi Renda Imobiliaria - Fundo DE 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$0.10 mean?
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) has a Net Current Asset Value of R$0.10 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 Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario and its competitors. This is 100% below median its historical median of 3,590.00. Over the past decade, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Net Current Asset Value has ranged from 876.50 to 10,424.00. According to the industry distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #105 out of 105 companies in the REITs industry.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Net Current Asset Value too high?
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's current Net Current Asset Value of R$0.10 is 100% below median its 10-year median of 3,590.00. Over the past 10 years, this metric has ranged from a low of 876.50 to a high of 10,424.00. Based on the distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #105 out of 105 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario ranks #105 out of 105 companies for Net Current Asset Value. This places Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Net Current Asset Value is 7.70. Historically, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's own Net Current Asset Value has ranged from 876.50 to 10,424.00 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 7.70, 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 Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Net Current Asset Value is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's current Net Current Asset Value is R$0.10, which is 100% below median its own 10-year median of 3,590.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$108.58, compared to a current price of R$87.65 — trading 19.3% below its estimated fair value. The current Net Current Asset Value is R$0.10, which is 100% below median its 10-year median of 3,590.00. Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario's overall GF Score™ is 77/100 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 Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11), the current Net Current Asset Value is R$0.10 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.
Is Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario (BSP:HSRE11) Overvalued in 2026?
Based on GuruFocus' analysis, Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$87.65 is trading 19.3% below its estimated GF Value™ of R$108.58.
GuruFocus considers Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario to be Modestly Undervalued.
Key valuation signals for BSP:HSRE11:
Net Current Asset Value: R$0.10 (100% below median its 10-year median of 3,590.00)
GF Value™: R$108.58 vs. price of R$87.65 (19.3% below fair value)
No single metric tells the full story. See the BSP:HSRE11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario Business Description
Hsi Renda Imobiliaria - Fundo DE Investimento Imobiliario aims to obtain income and capital gains through investment in real estate or real rights over real estate.
77GF Score
Get the complete analysis for BSP:HSRE11
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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