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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).
Telecomunicacoes Brasileiras's net current asset value per share for the quarter that ended in Mar. 2026 was R$-3.15.
The historical rank and industry rank for Telecomunicacoes Brasileiras's Net Current Asset Value or its related term are showing as below:
BSP:TELB3's Price-to-Net-Current-Asset-Value is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.47 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Telecomunicacoes Brasileiras (BSP:TELB3) 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.
Telecomunicacoes Brasileiras Net Current Asset Value Related Terms
Telecomunicacoes Brasileiras 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.
Telecomunicacoes Brasileiras Net Current Asset Value Chart
BSP:TELB3 vs TMUS, VZ, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, Telecomunicacoes Brasileiras'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.
Telecomunicacoes Brasileiras Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telecomunicacoes Brasileiras's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Telecomunicacoes Brasileiras's Price-to-Net-Current-Asset-Value falls into.
* 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$-3.15 mean?
Telecomunicacoes Brasileiras (BSP:TELB3) has a Net Current Asset Value of R$-3.15 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Telecomunicacoes Brasileiras and its competitors. According to the industry distribution chart, Telecomunicacoes Brasileiras ranks #999999 out of 97 companies in the Telecommunication Services industry.
Is Telecomunicacoes Brasileiras' Net Current Asset Value too high?
Telecomunicacoes Brasileiras' current Net Current Asset Value is R$-3.15. Based on the distribution chart, Telecomunicacoes Brasileiras ranks #999999 out of 97 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telecomunicacoes Brasileiras has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Telecomunicacoes Brasileiras' Net Current Asset Value compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecomunicacoes Brasileiras ranks #999999 out of 97 companies for Net Current Asset Value. This places Telecomunicacoes Brasileiras in the lower half of its industry. The industry median Net Current Asset Value is 5.47. 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.47, based on 97 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 Telecomunicacoes Brasileiras and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecomunicacoes Brasileiras's current Net Current Asset Value is R$-3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecomunicacoes Brasileiras stock overvalued right now?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras (BSP:TELB3) is currently considered Possible Value Trap. The stock's GF Value™ is R$14.84, compared to a current price of R$10.19 — trading 31.3% below its estimated fair value. The current Net Current Asset Value is R$-3.15. Telecomunicacoes Brasileiras' overall GF Score™ is 62/100 with 5 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 Telecomunicacoes Brasileiras (BSP:TELB3), the current Net Current Asset Value is R$-3.15 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 Telecomunicacoes Brasileiras (BSP:TELB3) Overvalued in 2026?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras stock appears to be undervalued.
The current stock price of R$10.19 is trading 31.3% below its estimated GF Value™ of R$14.84.
GuruFocus considers Telecomunicacoes Brasileiras to be Possible Value Trap.
Key valuation signals for BSP:TELB3:
Net Current Asset Value: R$-3.15
GF Value™: R$14.84 vs. price of R$10.19 (31.3% below fair value)
No single metric tells the full story. See the BSP:TELB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services.
62GF Score
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