Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Net Current Asset Value: R$97.85 (As of Dec. 2025)— 9784% Above Median
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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:SNCI11's Price-to-Net-Current-Asset-Value is ranked better than 90.48% of 105
companies
in the REITs industry
Industry Median: 7.67
vs BSP:SNCI11: 0.87
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) 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.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Net Current Asset Value Related Terms
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa 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.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Net Current Asset Value Chart
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
100.52
97.40
101.45
95.55
97.85
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
100.52
97.40
101.45
95.55
97.85
BSP:SNCI11 vs NLY, AGNC, STWD: 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.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa 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$97.85 mean?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) has a Net Current Asset Value of R$97.85 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. This is 9784% above median its historical median of 0.99. Over the past decade, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Net Current Asset Value has ranged from 0.86 to 1.01. According to the industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #10 out of 105 companies in the REITs industry, placing it in the top 9.5%.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Net Current Asset Value too high?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Net Current Asset Value of R$97.85 is 9784% above median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.01. Based on the distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #10 out of 105 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Net Current Asset Value compare to NLY and AGNC?
According to the REITs industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #10 out of 105 companies for Net Current Asset Value. This places Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa in the top 10% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.67. Historically, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's own Net Current Asset Value has ranged from 0.86 to 1.01 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 7.67, 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. For the REITs industry, the median Net Current Asset Value is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Net Current Asset Value is R$97.85, which is 9784% above median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock overvalued right now?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$144.57, compared to a current price of R$84.75 — trading 41.4% below its estimated fair value. The current Net Current Asset Value is R$97.85, which is 9784% above median its 10-year median of 0.99. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's overall GF Score™ is 58/100 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11), the current Net Current Asset Value is R$97.85 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Overvalued in 2026?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock appears to be undervalued.
The current stock price of R$84.75 is trading 41.4% below its estimated GF Value™ of R$144.57.
GuruFocus considers Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa to be Significantly Undervalued.
Key valuation signals for BSP:SNCI11:
Net Current Asset Value: R$97.85 (9784% above median its 10-year median of 0.99)
GF Value™: R$144.57 vs. price of R$84.75 (41.4% below fair value)
No single metric tells the full story. See the BSP:SNCI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Business Description
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda objective is to invest, in real estate receivables certificates that include mortgage bills (LH); real estate credit bills (LCI); guaranteed real estate bills (LIG); certificates of additional construction potential issued pursuant to CVM Resolution 84; quotas of private equity investment funds; quotas of credit rights investment funds; shares or quotas of companies; shares, debentures, subscription warrants, their coupons, rights, subscription receipts, and other financial assets, securities, and marketable securities; real estate, as well as in any real rights over real estate, or through indirect investment in real estate by means of acquiring other Target Assets; and other financial assets, titles, and securities.
58GF Score
Get the complete analysis for BSP:SNCI11
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:SNCI11 has been successfully added to your 
