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).
IST:FLAP's Price-to-Net-Current-Asset-Value is ranked worse than 75.81% of 310
companies
in the Travel & Leisure industry
Industry Median: 4.075
vs IST:FLAP: 11.79
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IST:FLAP) 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 GrahamÂ’s 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.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Net Current Asset Value Related Terms
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS 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.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Net Current Asset Value Chart
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Annual Data
IST:FLAP vs BKNG, ABNB, RCL: Net Current Asset Value Comparison
For the Travel Services subindustry, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS'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.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
* 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 ₺0.95 mean?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IST:FLAP) has a Net Current Asset Value of ₺0.95 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 Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS and its competitors. This is 89% below median its historical median of 8.86. Over the past decade, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's Net Current Asset Value has ranged from 1.99 to 18.87. According to the industry distribution chart, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS ranks #235 out of 310 companies in the Travel & Leisure industry, placing it in the top 75.8%.
Is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's Net Current Asset Value too high?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's current Net Current Asset Value of ₺0.95 is 89% below median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 18.87. Based on the distribution chart, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS ranks #235 out of 310 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's Net Current Asset Value compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS ranks #235 out of 310 companies for Net Current Asset Value. This places Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS in the lower half of its industry. The industry median Net Current Asset Value is 4.08. Historically, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's own Net Current Asset Value has ranged from 1.99 to 18.87 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.08, based on 310 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 Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's current Net Current Asset Value is ₺0.95, which is 89% below median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS stock overvalued right now?
Based on GuruFocus' analysis, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IST:FLAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺9.84, compared to a current price of ₺11.20 — trading 13.8% above its estimated fair value. The current Net Current Asset Value is ₺0.95, which is 89% below median its 10-year median of 8.86. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's overall GF Score™ is 58/100 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 Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IST:FLAP), the current Net Current Asset Value is ₺0.95 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 Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IST:FLAP) Overvalued in 2026?
Based on GuruFocus' analysis, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS stock appears to be overvalued.
The current stock price of ₺11.20 is trading 13.8% above its estimated GF Value™ of ₺9.84.
GuruFocus considers Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS to be Modestly Overvalued.
Key valuation signals for IST:FLAP:
Net Current Asset Value: ₺0.95 (89% below median its 10-year median of 8.86)
GF Value™: ₺9.84 vs. price of ₺11.20 (13.8% above fair value)
No single metric tells the full story. See the IST:FLAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Business Description
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is a Turkey-based company engaged in travel and tourism business. It is involved in planning and organizing events considering the developments and trends in all fields of the tourism industry.
58GF Score
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