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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:MTRE3'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.55 Med: 1.01 Max: 2.34
Current: 0.8
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mitre Realty Empreendimentos E Participacoes was 2.34. The lowest was 0.55. And the median was 1.01.
BSP:MTRE3's Price-to-Net-Current-Asset-Value is ranked better than 81.46% of 755
companies
in the Real Estate industry
Industry Median: 2.16
vs BSP:MTRE3: 0.80
Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) 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.
Mitre Realty Empreendimentos E Participacoes Net Current Asset Value Related Terms
Mitre Realty Empreendimentos E Participacoes 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.
Mitre Realty Empreendimentos E Participacoes Net Current Asset Value Chart
Mitre Realty Empreendimentos E Participacoes Annual Data
Mitre Realty Empreendimentos E Participacoes Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Mitre Realty Empreendimentos E Participacoes'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.
Mitre Realty Empreendimentos E Participacoes Price-to-Net-Current-Asset-Value vs Real Estate 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$3.73 mean?
Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) has a Net Current Asset Value of R$3.73 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 Mitre Realty Empreendimentos E Participacoes and its competitors. This is 269% above median its historical median of 1.01. Over the past decade, Mitre Realty Empreendimentos E Participacoes' Net Current Asset Value has ranged from 0.55 to 2.34. According to the industry distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #140 out of 755 companies in the Real Estate industry, placing it in the top 18.5%.
Is Mitre Realty Empreendimentos E Participacoes' Net Current Asset Value too high?
Mitre Realty Empreendimentos E Participacoes' current Net Current Asset Value of R$3.73 is 269% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.34. Based on the distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #140 out of 755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Mitre Realty Empreendimentos E Participacoes has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitre Realty Empreendimentos E Participacoes' Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #140 out of 755 companies for Net Current Asset Value. This places Mitre Realty Empreendimentos E Participacoes in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.16. Historically, Mitre Realty Empreendimentos E Participacoes' own Net Current Asset Value has ranged from 0.55 to 2.34 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.16, based on 755 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 Mitre Realty Empreendimentos E Participacoes and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitre Realty Empreendimentos E Participacoes's current Net Current Asset Value is R$3.73, which is 269% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitre Realty Empreendimentos E Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$4.13, compared to a current price of R$3.00 — trading 27.4% below its estimated fair value. The current Net Current Asset Value is R$3.73, which is 269% above median its 10-year median of 1.01. Mitre Realty Empreendimentos E Participacoes' overall GF Score™ is 78/100 with 9 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 Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3), the current Net Current Asset Value is R$3.73 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 Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Overvalued in 2026?
Based on GuruFocus' analysis, Mitre Realty Empreendimentos E Participacoes stock appears to be undervalued.
The current stock price of R$3.00 is trading 27.4% below its estimated GF Value™ of R$4.13.
GuruFocus considers Mitre Realty Empreendimentos E Participacoes to be Modestly Undervalued.
Key valuation signals for BSP:MTRE3:
Net Current Asset Value: R$3.73 (269% above median its 10-year median of 1.01)
GF Value™: R$4.13 vs. price of R$3.00 (27.4% below fair value)
No single metric tells the full story. See the BSP:MTRE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitre Realty Empreendimentos E Participacoes Business Description
Mitre Realty Empreendimentos E Participacoes SA, along with its subsidiaries, is engaged in the development, construction, and sale of residential and commercial real estate units. The Group mainly operates in the Sao Paulo region, focusing on two distinct product lines: the middle-income market, represented by the Raizes line; and the other aimed at the upper-middle-income market, represented by the Haus Mitre line. It predominantly offers two and three-bedroom apartments for end users, as well as, to a lesser extent, one-bedroom units and studios with services, exclusive access, and common areas. The majority of the Group's revenue is generated from the sale of real estate units.
78GF Score
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