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).
CHIX:DOREl's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.11 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Downing Renewables & Infrastructure Trust (CHIX:DOREl) 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.
Downing Renewables & Infrastructure Trust Net Current Asset Value Related Terms
Downing Renewables & Infrastructure Trust 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.
Downing Renewables & Infrastructure Trust Net Current Asset Value Chart
Downing Renewables & Infrastructure Trust Annual Data
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Downing Renewables & Infrastructure Trust Semi-Annual Data
CHIX:DOREL vs CEG: Net Current Asset Value Comparison
For the Utilities - Renewable subindustry, Downing Renewables & Infrastructure Trust'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.
Downing Renewables & Infrastructure Trust Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Downing Renewables & Infrastructure Trust's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Downing Renewables & Infrastructure Trust'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 £0.00 mean?
Downing Renewables & Infrastructure Trust (CHIX:DOREL) has a Net Current Asset Value of £0.00 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Downing Renewables & Infrastructure Trust and its competitors.
Is Downing Renewables & Infrastructure Trust's Net Current Asset Value too high?
Downing Renewables & Infrastructure Trust's current Net Current Asset Value is £0.00. Overall, Downing Renewables & Infrastructure Trust has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Downing Renewables & Infrastructure Trust's Net Current Asset Value compare to CEG?
Downing Renewables & Infrastructure Trust's Net Current Asset Value of £0.00 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Net Current Asset Value is 5.11. 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.11, based on 104 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 Downing Renewables & Infrastructure Trust and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Downing Renewables & Infrastructure Trust's current Net Current Asset Value is £0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Downing Renewables & Infrastructure Trust stock overvalued right now?
Downing Renewables & Infrastructure Trust (CHIX:DOREL) has a current Net Current Asset Value of £0.00. The stock's GF Value™ is £0.19, compared to a current price of £0.82 — trading 331.6% above its estimated fair value. The current Net Current Asset Value is £0.00. Downing Renewables & Infrastructure Trust's overall GF Score™ is 20/100 with 7 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 Downing Renewables & Infrastructure Trust (CHIX:DOREL), the current Net Current Asset Value is £0.00 as of Jun. 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 Downing Renewables & Infrastructure Trust (CHIX:DOREL) Overvalued in 2026?
Based on GuruFocus' analysis, Downing Renewables & Infrastructure Trust stock appears to be overvalued.
The current stock price of £0.82 is trading 331.6% above its estimated GF Value™ of £0.19.
Key valuation signals for CHIX:DOREL:
Net Current Asset Value: £0.00
GF Value™: £0.19 vs. price of £0.82 (331.6% above fair value)
No single metric tells the full story. See the CHIX:DOREL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Downing Renewables & Infrastructure Trust Business Description
Downing Renewables & Infrastructure Trust PLC is a closed-end asset management company. The group is designed to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK, Ireland, and Northern Europe. It focuses on diversification by geography, technology, revenue, and project stage, and is designed to deliver stability of revenues and consistency of income to shareholders. The sustainable Investment objective of the Company is to accelerate the transition to net zero through its investments, compiling and operating a diversified portfolio of renewable energy and infrastructure assets to help facilitate the transition to a more sustainable future.
20GF Score
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