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).
CTT-Correios de Portugal's net current asset value per share for the quarter that ended in Dec. 2025 was $-55.55.
The historical rank and industry rank for CTT-Correios de Portugal's Net Current Asset Value or its related term are showing as below:
CTTPY's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.03 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
CTT-Correios de Portugal (OTCPK:CTTPY) 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.
CTT-Correios de Portugal Net Current Asset Value Related Terms
CTT-Correios de Portugal Net Current Asset Value Historical Data
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The historical data trend for CTT-Correios de Portugal'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.
CTT-Correios de Portugal Net Current Asset Value Chart
CTTPY vs UPS, FDX, JBHT: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.
CTT-Correios de Portugal Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CTT-Correios de Portugal'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 $-55.55 mean?
CTT-Correios de Portugal (CTTPY) has a Net Current Asset Value of $-55.55 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 CTT-Correios de Portugal and its competitors. According to the industry distribution chart, CTT-Correios de Portugal ranks #999999 out of 360 companies in the Transportation industry.
Is CTT-Correios de Portugal's Net Current Asset Value too high?
CTT-Correios de Portugal's current Net Current Asset Value is $-55.55. Based on the distribution chart, CTT-Correios de Portugal ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, CTT-Correios de Portugal has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does CTT-Correios de Portugal's Net Current Asset Value compare to UPS and FDX?
According to the Transportation industry distribution chart, CTT-Correios de Portugal ranks #999999 out of 360 companies for Net Current Asset Value. This places CTT-Correios de Portugal in the lower half of its industry. The industry median Net Current Asset Value is 4.03. 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.03, based on 360 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 CTT-Correios de Portugal and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTT-Correios de Portugal's current Net Current Asset Value is $-55.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTT-Correios de Portugal stock overvalued right now?
CTT-Correios de Portugal (CTTPY) has a current Net Current Asset Value of $-55.55. The stock's GF Value™ is $15.89, compared to a current price of $15.90 — trading 0.1% above its estimated fair value. The current Net Current Asset Value is $-55.55. CTT-Correios de Portugal's overall GF Score™ is 76/100 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 CTT-Correios de Portugal (CTTPY), the current Net Current Asset Value is $-55.55 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 CTT-Correios de Portugal (CTTPY) Overvalued in 2026?
Based on GuruFocus' analysis, CTT-Correios de Portugal stock appears to be overvalued.
The current stock price of $15.90 is trading 0.1% above its estimated GF Value™ of $15.89.
Key valuation signals for CTTPY:
Net Current Asset Value: $-55.55
GF Value™: $15.89 vs. price of $15.90 (0.1% above fair value)
No single metric tells the full story. See the CTTPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTT-Correios de Portugal SA operates in the postal and logistics sector, with operations organised into the segments Mail & Services, Express & Parcels, E-commerce Solutions, and Financial Services. The Mail & Services area comprises Mail, Business Solutions, and Financial and Retail Services. Mail is the main business, Business Solutions uses digitalisation to strengthen customer relationships, and Financial and Retail Services are supported by the retail network. Products and services include mail delivery, express and shipping solutions such as Basic Mail, Track Mail, and Express for Tomorrow, digital platforms, document management, business process services, payments, financial intermediation, insurance, and retail services. It operates in Portugal, Spain and the rest of the world.
76GF Score
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