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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).
Aftab Automobiles's net current asset value per share for the quarter that ended in Mar. 2026 was BDT-14.36.
The historical rank and industry rank for Aftab Automobiles'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 Aftab Automobiles was 100.91. The lowest was 3.14. And the median was 7.15.
DHA:AFTABAUTO's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.72 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Aftab Automobiles (DHA:AFTABAUTO) 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.
Aftab Automobiles Net Current Asset Value Related Terms
Aftab Automobiles Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Aftab Automobiles'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.
DHA:AFTABAUTO vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Aftab Automobiles'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.
Aftab Automobiles Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Aftab Automobiles's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aftab Automobiles'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 BDT-14.36 mean?
Aftab Automobiles (DHA:AFTABAUTO) has a Net Current Asset Value of BDT-14.36 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 Aftab Automobiles and its competitors. Over the past decade, Aftab Automobiles' Net Current Asset Value has ranged from 3.14 to 100.91. According to the industry distribution chart, Aftab Automobiles ranks #999999 out of 707 companies in the Vehicles & Parts industry.
Is Aftab Automobiles' Net Current Asset Value too high?
Aftab Automobiles' current Net Current Asset Value is BDT-14.36. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 100.91. Based on the distribution chart, Aftab Automobiles ranks #999999 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Aftab Automobiles has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aftab Automobiles' Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Aftab Automobiles ranks #999999 out of 707 companies for Net Current Asset Value. This places Aftab Automobiles in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Historically, Aftab Automobiles' own Net Current Asset Value has ranged from 3.14 to 100.91 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.72, based on 707 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 Aftab Automobiles and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aftab Automobiles's current Net Current Asset Value is BDT-14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aftab Automobiles stock overvalued right now?
Based on GuruFocus' analysis, Aftab Automobiles (DHA:AFTABAUTO) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT37.49, compared to a current price of BDT31.90 — trading 14.9% below its estimated fair value. The current Net Current Asset Value is BDT-14.36. Aftab Automobiles' overall GF Score™ is 73/100 with 4 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 Aftab Automobiles (DHA:AFTABAUTO), the current Net Current Asset Value is BDT-14.36 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 Aftab Automobiles (DHA:AFTABAUTO) Overvalued in 2026?
Based on GuruFocus' analysis, Aftab Automobiles stock appears to be undervalued.
The current stock price of BDT31.90 is trading 14.9% below its estimated GF Value™ of BDT37.49.
GuruFocus considers Aftab Automobiles to be Modestly Undervalued.
Key valuation signals for DHA:AFTABAUTO:
Net Current Asset Value: BDT-14.36
GF Value™: BDT37.49 vs. price of BDT31.90 (14.9% below fair value)
No single metric tells the full story. See the DHA:AFTABAUTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aftab Automobiles Ltd is mainly a vehicle assembler and bus body fabricator operating in Bangladesh. The company has been assembling Toyota and Hino vehicles. Its activities include assembling Toyota Land Cruiser soft top and pick up, Land Cruiser Prado, Hino bus, and Hino mini bus and truck chassis, with a yearly production capacity in three shifts. Presently, the company is mainly engaged in assembling Hino bus chassis and bus body fabrication, including luxury buses that operate on routes across the country as well as international routes. The company operates through three operating segments, namely the assembling unit, motorcycle unit, and body unit, with the majority of revenue generated from the assembling unit. The company operates in Bangladesh.
73GF Score
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