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:JASC11's Price-to-Net-Current-Asset-Value is ranked worse than 77.57% of 107
companies
in the REITs industry
Industry Median: 7.87
vs BSP:JASC11: 30.67
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) 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.
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Net Current Asset Value Related Terms
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii 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.
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Net Current Asset Value Chart
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.10
-2.72
-1.11
4.09
3.26
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.10
-2.72
-1.11
4.09
3.26
BSP:JASC11 vs EQIX, AMT, DLR: Net Current Asset Value Comparison
* 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.
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii 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$3.26 mean?
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) has a Net Current Asset Value of R$3.26 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii and its competitors. This is 88% below median its historical median of 28.02. Over the past decade, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Net Current Asset Value has ranged from 24.45 to 31.58. According to the industry distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #83 out of 107 companies in the REITs industry, placing it in the top 77.6%.
Is Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Net Current Asset Value too high?
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's current Net Current Asset Value of R$3.26 is 88% below median its 10-year median of 28.02. Over the past 10 years, this metric has ranged from a low of 24.45 to a high of 31.58. Based on the distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #83 out of 107 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Net Current Asset Value compare to EQIX and AMT?
According to the REITs industry distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #83 out of 107 companies for Net Current Asset Value. This places Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii in the lower half of its industry. The industry median Net Current Asset Value is 7.87. Historically, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's own Net Current Asset Value has ranged from 24.45 to 31.58 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 7.87, 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii and its competitors. For the REITs industry, the median Net Current Asset Value is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's current Net Current Asset Value is R$3.26, which is 88% below median its own 10-year median of 28.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii stock overvalued right now?
Based on GuruFocus' analysis, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$176.39, compared to a current price of R$100.00 — trading 43.3% below its estimated fair value. The current Net Current Asset Value is R$3.26, which is 88% below median its 10-year median of 28.02. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's overall GF Score™ is 48/100 with 2 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11), the current Net Current Asset Value is R$3.26 as of Dec. 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) Overvalued in 2026?
Based on GuruFocus' analysis, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii stock appears to be undervalued.
The current stock price of R$100.00 is trading 43.3% below its estimated GF Value™ of R$176.39.
GuruFocus considers Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii to be Significantly Undervalued.
Key valuation signals for BSP:JASC11:
Net Current Asset Value: R$3.26 (88% below median its 10-year median of 28.02)
GF Value™: R$176.39 vs. price of R$100.00 (43.3% below fair value)
No single metric tells the full story. See the BSP:JASC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Business Description
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii acquires a fraction or all of the Real Estate Assets in which to invest or even develop them individually or jointly with third parties, either in a condominium or in partnership. The Fund's objective is to obtain income, through the investment of Shareholders' Equity in commercial exploitation, through leasing, and assignment of rights.
48GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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