Codere Online LuxembourgCDRO +0.53%74 Net Current Asset Value is $0.39 as of Dec. 2025, which is 96% below its 10-year median of 9.80. GuruFocus rates CDRO with a GF Score™ of 74/100 and a GF Value™ of $8.88 (Fairly Valued). The stock has 5 warning signs investors should review. Among 307 Travel & Leisure companies, Codere Online Luxembourg ranks worse than 87.62% 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).
Codere Online Luxembourg's net current asset value per share for the quarter that ended in Dec. 2025 was $0.39.
The historical rank and industry rank for Codere Online Luxembourg's Net Current Asset Value or its related term are showing as below:
CDRO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.56 Med: 9.8 Max: 24.36
Current: 24.36
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Codere Online Luxembourg was 24.36. The lowest was 3.56. And the median was 9.80.
CDRO's Price-to-Net-Current-Asset-Value is ranked worse than 87.62% of 307
companies
in the Travel & Leisure industry
Industry Median: 4
vs CDRO: 24.36
Codere Online Luxembourg (NAS:CDRO) 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.
Codere Online Luxembourg Net Current Asset Value Related Terms
Codere Online Luxembourg Net Current Asset Value Historical Data
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The historical data trend for Codere Online Luxembourg'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.
Codere Online Luxembourg Net Current Asset Value Chart
CDRO vs INSE, MRDN, GAMB: Net Current Asset Value Comparison
For the Gambling subindustry, Codere Online Luxembourg'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.
Codere Online Luxembourg Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Codere Online Luxembourg'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 $0.39 mean?
Codere Online Luxembourg (CDRO) has a Net Current Asset Value of $0.39 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 Codere Online Luxembourg and its competitors. This is 96% below median its historical median of 9.80. Over the past decade, Codere Online Luxembourg's Net Current Asset Value has ranged from 3.56 to 24.36. According to the industry distribution chart, Codere Online Luxembourg ranks #269 out of 307 companies in the Travel & Leisure industry, placing it in the top 87.6%.
Is Codere Online Luxembourg's Net Current Asset Value too high?
Codere Online Luxembourg's current Net Current Asset Value of $0.39 is 96% below median its 10-year median of 9.80. Over the past 10 years, this metric has ranged from a low of 3.56 to a high of 24.36. The Travel & Leisure industry median Net Current Asset Value is 4.00. Codere Online Luxembourg's value of $0.39 is 90.3% below this industry median. Based on the distribution chart, Codere Online Luxembourg ranks #269 out of 307 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Codere Online Luxembourg has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's Net Current Asset Value compare to INSE and MRDN?
According to the Travel & Leisure industry distribution chart, Codere Online Luxembourg ranks #269 out of 307 companies for Net Current Asset Value. This places Codere Online Luxembourg in the lower half of its industry. The industry median Net Current Asset Value is 4.00. Codere Online Luxembourg's value of $0.39 is 90.3% below this benchmark. Historically, Codere Online Luxembourg's own Net Current Asset Value has ranged from 3.56 to 24.36 over the past decade. While the company's 10-year median is 9.80 vs. the industry median of 4.00, Codere Online Luxembourg has consistently been below the industry average. 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.00, based on 307 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. Codere Online Luxembourg's current Net Current Asset Value of $0.39 is 90.3% below the industry median. 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 Codere Online Luxembourg and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codere Online Luxembourg's current Net Current Asset Value is $0.39, which is 96% below median its own 10-year median of 9.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codere Online Luxembourg stock overvalued right now?
Based on GuruFocus' analysis, Codere Online Luxembourg (CDRO) is currently considered Fairly Valued. The stock's GF Value™ is $8.88, compared to a current price of $9.55 — trading 7.5% above its estimated fair value. The current Net Current Asset Value is $0.39, which is 96% below median its 10-year median of 9.80 and 90.3% below the Travel & Leisure industry median of 4.00. Codere Online Luxembourg's overall GF Score™ is 74/100 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 Codere Online Luxembourg (CDRO), the current Net Current Asset Value is $0.39 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 Codere Online Luxembourg (CDRO) Overvalued in 2026?
Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued.
The current stock price of $9.55 is trading 7.5% above its estimated GF Value™ of $8.88.
GuruFocus considers Codere Online Luxembourg to be Fairly Valued.
Key valuation signals for CDRO:
Net Current Asset Value: $0.39 (96% below median its 10-year median of 9.80)
GF Value™: $8.88 vs. price of $9.55 (7.5% above fair value)
Industry Position: 90.3% below the Travel & Leisure median (#269 of 307)
No single metric tells the full story. See the CDRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries, where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
74GF Score
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