Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
Bitdeer Technologies Group's net current asset value per share for the quarter that ended in Mar. 2026 was €-2.96.
The historical rank and industry rank for Bitdeer Technologies Group's Net Current Asset Value or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bitdeer Technologies Group was 114.00. The lowest was 16.66. And the median was 65.33.
HAM:R1T's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.71 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Bitdeer Technologies Group (HAM:R1T) 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.
Bitdeer Technologies Group Net Current Asset Value Related Terms
Bitdeer Technologies Group 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.
Bitdeer Technologies Group Net Current Asset Value Chart
HAM:R1T vs LIF, PTRN, OCTV: Net Current Asset Value Comparison
For the Software - Application subindustry, Bitdeer Technologies Group'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.
Bitdeer Technologies Group Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Bitdeer Technologies Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bitdeer Technologies Group'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 €-2.96 mean?
Bitdeer Technologies Group (HAM:R1T) has a Net Current Asset Value of €-2.96 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 Bitdeer Technologies Group and its competitors. Over the past decade, Bitdeer Technologies Group's Net Current Asset Value has ranged from 16.66 to 114.00. According to the industry distribution chart, Bitdeer Technologies Group ranks #999999 out of 1758 companies in the Software industry.
Is Bitdeer Technologies Group's Net Current Asset Value too high?
Bitdeer Technologies Group's current Net Current Asset Value is €-2.96. Over the past 10 years, this metric has ranged from a low of 16.66 to a high of 114.00. Based on the distribution chart, Bitdeer Technologies Group ranks #999999 out of 1758 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bitdeer Technologies Group has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bitdeer Technologies Group's Net Current Asset Value compare to LIF and PTRN?
According to the Software industry distribution chart, Bitdeer Technologies Group ranks #999999 out of 1758 companies for Net Current Asset Value. This places Bitdeer Technologies Group in the lower half of its industry. The industry median Net Current Asset Value is 4.71. Historically, Bitdeer Technologies Group's own Net Current Asset Value has ranged from 16.66 to 114.00 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 Software company?
The median Net Current Asset Value among Software companies is 4.71, based on 1,758 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 Bitdeer Technologies Group and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitdeer Technologies Group's current Net Current Asset Value is €-2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitdeer Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Bitdeer Technologies Group (HAM:R1T) is currently considered Fairly Valued. The stock's GF Value™ is €11.48, compared to a current price of €10.98 — trading 4.3% below its estimated fair value. The current Net Current Asset Value is €-2.96. Bitdeer Technologies Group's overall GF Score™ is 52/100 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 Bitdeer Technologies Group (HAM:R1T), the current Net Current Asset Value is €-2.96 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 Bitdeer Technologies Group (HAM:R1T) Overvalued in 2026?
Based on GuruFocus' analysis, Bitdeer Technologies Group stock appears to be undervalued.
The current stock price of €10.98 is trading 4.3% below its estimated GF Value™ of €11.48.
GuruFocus considers Bitdeer Technologies Group to be Fairly Valued.
Key valuation signals for HAM:R1T:
Net Current Asset Value: €-2.96
GF Value™: €11.48 vs. price of €10.98 (4.3% below fair value)
No single metric tells the full story. See the HAM:R1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bitdeer Technologies Group is principally engaged in the provision of digital asset mining services. The Company does not conduct any substantive operations on its own but conducts its primary operations through its subsidiaries. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway, Bhutan and Singapore.
52GF Score
Get the complete analysis for HAM:R1T
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:R1T has been successfully added to your 
