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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).
Budapest Ingatlan Nyrt's net current asset value per share for the quarter that ended in Dec. 2025 was Ft-20.93.
The historical rank and industry rank for Budapest Ingatlan Nyrt's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Budapest Ingatlan Nyrt was 84.25. The lowest was 5.95. And the median was 45.10.
BUD:BIF's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.73 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Budapest Ingatlan Nyrt (BUD:BIF) 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.
Budapest Ingatlan Nyrt Net Current Asset Value Related Terms
Budapest Ingatlan Nyrt Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Budapest Ingatlan Nyrt's Net Current Asset Value can be seen below:
* 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.
Budapest Ingatlan Nyrt Net Current Asset Value Chart
BUD:BIF vs VICI, WPC, BNL: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, Budapest Ingatlan Nyrt'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.
Budapest Ingatlan Nyrt Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Budapest Ingatlan Nyrt's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Budapest Ingatlan Nyrt'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 Ft-20.93 mean?
Budapest Ingatlan Nyrt (BUD:BIF) has a Net Current Asset Value of Ft-20.93 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 Budapest Ingatlan Nyrt and its competitors. Over the past decade, Budapest Ingatlan Nyrt's Net Current Asset Value has ranged from 5.95 to 84.25. According to the industry distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 107 companies in the REITs industry.
Is Budapest Ingatlan Nyrt's Net Current Asset Value too high?
Budapest Ingatlan Nyrt's current Net Current Asset Value is Ft-20.93. Over the past 10 years, this metric has ranged from a low of 5.95 to a high of 84.25. Based on the distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 107 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Budapest Ingatlan Nyrt has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Budapest Ingatlan Nyrt's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 107 companies for Net Current Asset Value. This places Budapest Ingatlan Nyrt in the lower half of its industry. The industry median Net Current Asset Value is 7.73. Historically, Budapest Ingatlan Nyrt's own Net Current Asset Value has ranged from 5.95 to 84.25 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 7.73, 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 Budapest Ingatlan Nyrt and its competitors. For the REITs industry, the median Net Current Asset Value is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Ingatlan Nyrt's current Net Current Asset Value is Ft-20.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Ingatlan Nyrt stock overvalued right now?
Based on GuruFocus' analysis, Budapest Ingatlan Nyrt (BUD:BIF) is currently considered Significantly Undervalued. The stock's GF Value™ is Ft577.86, compared to a current price of Ft279.00 — trading 51.7% below its estimated fair value. The current Net Current Asset Value is Ft-20.93. Budapest Ingatlan Nyrt's overall GF Score™ is 74/100 with 3 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 Budapest Ingatlan Nyrt (BUD:BIF), the current Net Current Asset Value is Ft-20.93 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 Budapest Ingatlan Nyrt (BUD:BIF) Overvalued in 2026?
Based on GuruFocus' analysis, Budapest Ingatlan Nyrt stock appears to be undervalued.
The current stock price of Ft279.00 is trading 51.7% below its estimated GF Value™ of Ft577.86.
GuruFocus considers Budapest Ingatlan Nyrt to be Significantly Undervalued.
Key valuation signals for BUD:BIF:
Net Current Asset Value: Ft-20.93
GF Value™: Ft577.86 vs. price of Ft279.00 (51.7% below fair value)
No single metric tells the full story. See the BUD:BIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Budapest Ingatlan Nyrt operates as a real estate investment trust. The company focuses on developing, managing, and operating a diversified real estate portfolio consisting of office buildings, parking garages, construction lots, residential properties, building plots, and hotels. The company's operating business segments are Income-generating investment properties and the Harsanylejto project. A majority of its revenue is generated from the Income-generating investment properties segment, which relates to investment properties owned, leased, and rented out by the company and its subsidiaries. All of the company's occupied income-generating properties are located in Budapest, Hungary.
74GF 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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