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:PNLSN's Price-to-Net-Current-Asset-Value is ranked worse than 89.12% of 1057
companies
in the Construction industry
Industry Median: 3.24
vs IST:PNLSN: 19.67
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS (IST:PNLSN) 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.
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS Net Current Asset Value Related Terms
Panelsan Cati Cephe Sistemlerinayi VeTicaret 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.
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS Net Current Asset Value Chart
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS Annual Data
IST:PNLSN vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Panelsan Cati Cephe Sistemlerinayi VeTicaret 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.
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS Price-to-Net-Current-Asset-Value vs Construction 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 ₺2.15 mean?
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS (IST:PNLSN) has a Net Current Asset Value of ₺2.15 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 Panelsan Cati Cephe Sistemlerinayi VeTicaret AS and its competitors. This is 69% below median its historical median of 6.86. Over the past decade, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's Net Current Asset Value has ranged from 3.08 to 21.93. According to the industry distribution chart, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS ranks #942 out of 1057 companies in the Construction industry, placing it in the top 89.1%.
Is Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's Net Current Asset Value too high?
Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's current Net Current Asset Value of ₺2.15 is 69% below median its 10-year median of 6.86. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 21.93. Based on the distribution chart, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS ranks #942 out of 1057 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS ranks #942 out of 1057 companies for Net Current Asset Value. This places Panelsan Cati Cephe Sistemlerinayi VeTicaret AS in the lower half of its industry. The industry median Net Current Asset Value is 3.24. Historically, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's own Net Current Asset Value has ranged from 3.08 to 21.93 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.24, based on 1,057 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 Panelsan Cati Cephe Sistemlerinayi VeTicaret AS and its competitors. For the Construction industry, the median Net Current Asset Value is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's current Net Current Asset Value is ₺2.15, which is 69% below median its own 10-year median of 6.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panelsan Cati Cephe Sistemlerinayi VeTicaret AS stock overvalued right now?
Based on GuruFocus' analysis, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS (IST:PNLSN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺47.34, compared to a current price of ₺42.30 — trading 10.6% below its estimated fair value. The current Net Current Asset Value is ₺2.15, which is 69% below median its 10-year median of 6.86. Panelsan Cati Cephe Sistemlerinayi VeTicaret AS's overall GF Score™ is 87/100 with 5 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 Panelsan Cati Cephe Sistemlerinayi VeTicaret AS (IST:PNLSN), the current Net Current Asset Value is ₺2.15 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 Panelsan Cati Cephe Sistemlerinayi VeTicaret AS (IST:PNLSN) Overvalued in 2026?
Based on GuruFocus' analysis, Panelsan Cati Cephe Sistemlerinayi VeTicaret AS stock appears to be undervalued.
The current stock price of ₺42.30 is trading 10.6% below its estimated GF Value™ of ₺47.34.
GuruFocus considers Panelsan Cati Cephe Sistemlerinayi VeTicaret AS to be Modestly Undervalued.
Key valuation signals for IST:PNLSN:
Net Current Asset Value: ₺2.15 (69% below median its 10-year median of 6.86)
GF Value™: ₺47.34 vs. price of ₺42.30 (10.6% below fair value)
No single metric tells the full story. See the IST:PNLSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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