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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).
ReAlpha Tech's net current asset value per share for the quarter that ended in Mar. 2026 was €-0.57.
The historical rank and industry rank for ReAlpha Tech's Net Current Asset Value or its related term are showing as below:
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of ReAlpha Tech was 23.67. The lowest was 14.73. And the median was 19.96.
FRA:Z4U0's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.07 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
ReAlpha Tech (FRA:Z4U0) 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.
ReAlpha Tech Net Current Asset Value Related Terms
ReAlpha Tech Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ReAlpha Tech'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.
FRA:Z4U0 vs ZDPY, GBR, OMH: Net Current Asset Value Comparison
For the Real Estate Services subindustry, ReAlpha Tech'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.
ReAlpha Tech Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, ReAlpha Tech's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ReAlpha Tech'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 €-0.57 mean?
ReAlpha Tech (FRA:Z4U0) has a Net Current Asset Value of €-0.57 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 ReAlpha Tech and its competitors. Over the past decade, ReAlpha Tech's Net Current Asset Value has ranged from 14.73 to 23.67. According to the industry distribution chart, ReAlpha Tech ranks #999999 out of 755 companies in the Real Estate industry.
Is ReAlpha Tech's Net Current Asset Value too high?
ReAlpha Tech's current Net Current Asset Value is €-0.57. Over the past 10 years, this metric has ranged from a low of 14.73 to a high of 23.67. Based on the distribution chart, ReAlpha Tech ranks #999999 out of 755 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, ReAlpha Tech has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does ReAlpha Tech's Net Current Asset Value compare to ZDPY and GBR?
According to the Real Estate industry distribution chart, ReAlpha Tech ranks #999999 out of 755 companies for Net Current Asset Value. This places ReAlpha Tech in the lower half of its industry. The industry median Net Current Asset Value is 2.07. Historically, ReAlpha Tech's own Net Current Asset Value has ranged from 14.73 to 23.67 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.07, based on 755 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 ReAlpha Tech and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ReAlpha Tech's current Net Current Asset Value is €-0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ReAlpha Tech stock overvalued right now?
ReAlpha Tech (FRA:Z4U0) has a current Net Current Asset Value of €-0.57. The stock's GF Value™ is €331.33, compared to a current price of €3.45 — trading 99% below its estimated fair value. The current Net Current Asset Value is €-0.57. ReAlpha Tech's overall GF Score™ is 23/100 with 1 warning sign 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 ReAlpha Tech (FRA:Z4U0), the current Net Current Asset Value is €-0.57 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 ReAlpha Tech (FRA:Z4U0) Overvalued in 2026?
Based on GuruFocus' analysis, ReAlpha Tech stock appears to be undervalued.
The current stock price of €3.45 is trading 99% below its estimated GF Value™ of €331.33.
Key valuation signals for FRA:Z4U0:
Net Current Asset Value: €-0.57
GF Value™: €331.33 vs. price of €3.45 (99% below fair value)
No single metric tells the full story. See the FRA:Z4U0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ReAlpha Tech Corp is a real estate technology company. The group is engaged in an end-to-end commission-free homebuying platform. It develops and utilizes its artificial intelligence-focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term. It provides short-term rental investment opportunities to everyday investors. The company has developed technologies and tools that allow for the analysis of short-term rental properties using AI to provide insight into that property's potential profitability and ways to increase such profitability. The company's reportable segments are Homebuying Services and the Technology Services segment.
23GF Score
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