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Real Investor Fundo De Investimento ImobiliarioBSP:RINV11 +0.10%36 Net Current Asset Value is R$105.10 as of Dec. 2025, which is 100% below its 10-year median of 1.03. GuruFocus rates BSP:RINV11 with a GF Scoreâ„¢ of 36/100. The stock has 1 warning sign investors should review. Among 374 Asset Management companies, Real Investor Fundo De Investimento Imobiliario ranks better than 80.75% on this metric.
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:RINV11's Price-to-Net-Current-Asset-Value is ranked better than 80.75% of 374
companies
in the Asset Management industry
Industry Median: 3.375
vs BSP:RINV11: 0.98
Real Investor Fundo De Investimento Imobiliario (BSP:RINV11) 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 GrahamÂ’s 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.
Real Investor Fundo De Investimento Imobiliario Net Current Asset Value Related Terms
Real Investor 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.
Real Investor Fundo De Investimento Imobiliario Net Current Asset Value Chart
Real Investor Fundo De Investimento Imobiliario Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
94.87
106.34
94.22
105.10
Real Investor Fundo De Investimento Imobiliario Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
94.87
106.34
94.22
105.10
BSP:RINV11 vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Real Investor 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.
Real Investor Fundo De Investimento Imobiliario Price-to-Net-Current-Asset-Value vs Asset Management 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$105.10 mean?
Real Investor Fundo De Investimento Imobiliario (BSP:RINV11) has a Net Current Asset Value of R$105.10 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 Real Investor Fundo De Investimento Imobiliario and its competitors. This is 10104% above median its historical median of 1.03. Over the past decade, Real Investor Fundo De Investimento Imobiliario's Net Current Asset Value has ranged from 0.98 to 1.04. According to the industry distribution chart, Real Investor Fundo De Investimento Imobiliario ranks #72 out of 374 companies in the Asset Management industry, placing it in the top 19.3%.
Is Real Investor Fundo De Investimento Imobiliario's Net Current Asset Value too high?
Real Investor Fundo De Investimento Imobiliario's current Net Current Asset Value of R$105.10 is 10104% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.04. Based on the distribution chart, Real Investor Fundo De Investimento Imobiliario ranks #72 out of 374 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Real Investor Fundo De Investimento Imobiliario has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Real Investor Fundo De Investimento Imobiliario's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Real Investor Fundo De Investimento Imobiliario ranks #72 out of 374 companies for Net Current Asset Value. This places Real Investor Fundo De Investimento Imobiliario in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.38. Historically, Real Investor Fundo De Investimento Imobiliario's own Net Current Asset Value has ranged from 0.98 to 1.04 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 an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.38, based on 374 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 Real Investor Fundo De Investimento Imobiliario and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Investor Fundo De Investimento Imobiliario's current Net Current Asset Value is R$105.10, which is 10104% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Investor Fundo De Investimento Imobiliario stock overvalued right now?
Real Investor Fundo De Investimento Imobiliario (BSP:RINV11) has a current Net Current Asset Value of R$105.10. The current Net Current Asset Value is R$105.10, which is 10104% above median its 10-year median of 1.03. Real Investor Fundo De Investimento Imobiliario's overall GF Score™ is 36/100 with 1 warning sign 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 Real Investor Fundo De Investimento Imobiliario (BSP:RINV11), the current Net Current Asset Value is R$105.10 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.
Real Investor Fundo De Investimento Imobiliario Business Description
Real Investor Fundo De Investimento Imobiliario is an asset management company. Its funds include Investment Funds; Real Estate Funds and Pension Funds.
36GF Score
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