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Franklin BSP Realty TrustFBRT +0.81%65 Net Current Asset Value is $0.90 as of Mar. 2026, which is 30% below its 10-year median of 1.29. GuruFocus rates FBRT with a GF Score™ of 65/100 and a GF Value™ of $9.58 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 107 REITs companies, Franklin BSP Realty Trust ranks worse than 54.21% 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).
Franklin BSP Realty Trust's net current asset value per share for the quarter that ended in Mar. 2026 was $0.90.
The historical rank and industry rank for Franklin BSP Realty Trust's Net Current Asset Value or its related term are showing as below:
FBRT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.6 Med: 1.29 Max: 9.43
Current: 9.04
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Franklin BSP Realty Trust was 9.43. The lowest was 0.60. And the median was 1.29.
FBRT's Price-to-Net-Current-Asset-Value is ranked worse than 54.21% of 107
companies
in the REITs industry
Industry Median: 7.76
vs FBRT: 9.04
Franklin BSP Realty Trust (NYSE:FBRT) 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.
Franklin BSP Realty Trust Net Current Asset Value Related Terms
Franklin BSP Realty Trust Net Current Asset Value Historical Data
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The historical data trend for Franklin BSP Realty Trust'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.
Franklin BSP Realty Trust Net Current Asset Value Chart
FBRT vs TRTX, RWT, BRSP: Net Current Asset Value Comparison
For the REIT - Mortgage subindustry, Franklin BSP Realty 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.
Franklin BSP Realty Trust Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Franklin BSP Realty 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 $0.90 mean?
Franklin BSP Realty Trust (FBRT) has a Net Current Asset Value of $0.90 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 Franklin BSP Realty Trust and its competitors. This is 30% below median its historical median of 1.29. Over the past decade, Franklin BSP Realty Trust's Net Current Asset Value has ranged from 0.60 to 9.43. According to the industry distribution chart, Franklin BSP Realty Trust ranks #58 out of 107 companies in the REITs industry, placing it in the top 54.2%.
Is Franklin BSP Realty Trust's Net Current Asset Value too high?
Franklin BSP Realty Trust's current Net Current Asset Value of $0.90 is 30% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 9.43. The REITs industry median Net Current Asset Value is 7.76. Franklin BSP Realty Trust's value of $0.90 is 88.4% below this industry median. Based on the distribution chart, Franklin BSP Realty Trust ranks #58 out of 107 companies in the REITs industry, which is below the industry midpoint. Overall, Franklin BSP Realty Trust has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franklin BSP Realty Trust's Net Current Asset Value compare to TRTX and RWT?
According to the REITs industry distribution chart, Franklin BSP Realty Trust ranks #58 out of 107 companies for Net Current Asset Value. This places Franklin BSP Realty Trust in the lower half of its industry. The industry median Net Current Asset Value is 7.76. Franklin BSP Realty Trust's value of $0.90 is 88.4% below this benchmark. Historically, Franklin BSP Realty Trust's own Net Current Asset Value has ranged from 0.60 to 9.43 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 7.76, Franklin BSP Realty Trust 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.76, 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. Franklin BSP Realty Trust's current Net Current Asset Value of $0.90 is 88.4% 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 Franklin BSP Realty Trust and its competitors. For the REITs industry, the median Net Current Asset Value is 7.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin BSP Realty Trust's current Net Current Asset Value is $0.90, which is 30% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin BSP Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Franklin BSP Realty Trust (FBRT) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.58, compared to a current price of $8.14 — trading 15.1% below its estimated fair value. The current Net Current Asset Value is $0.90, which is 30% below median its 10-year median of 1.29 and 88.4% below the REITs industry median of 7.76. Franklin BSP Realty Trust's overall GF Score™ is 65/100 with 10 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 Franklin BSP Realty Trust (FBRT), the current Net Current Asset Value is $0.90 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 Franklin BSP Realty Trust (FBRT) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin BSP Realty Trust stock appears to be undervalued.
The current stock price of $8.14 is trading 15.1% below its estimated GF Value™ of $9.58.
GuruFocus considers Franklin BSP Realty Trust to be Modestly Undervalued.
Key valuation signals for FBRT:
Net Current Asset Value: $0.90 (30% below median its 10-year median of 1.29)
GF Value™: $9.58 vs. price of $8.14 (15.1% below fair value)
Industry Position: 88.4% below the REITs median (#58 of 107)
No single metric tells the full story. See the FBRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States. The Company's operations are organized into two business units: (i) Commercial Real Estate Financing, and (ii) Agency Business. Its four reporting segments are as follows: The real estate debt business, The Agency Business, The commercial real estate conduit business, and The real estate owned business.
65GF Score
Get the complete analysis for FBRT
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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