Turcas Holding ASIST:TRCAS -1.45%20 Net Current Asset Value is ₺5.74 as of Mar. 2026, which is 100% below its 10-year median of 12.26. GuruFocus rates IST:TRCAS with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 104 Utilities - Independent Power Producers companies, Turcas Holding AS ranks worse than 62.5% 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).
Turcas Holding AS's net current asset value per share for the quarter that ended in Mar. 2026 was ₺5.74.
The historical rank and industry rank for Turcas Holding AS's Net Current Asset Value or its related term are showing as below:
IST:TRCAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.03 Med: 12.26 Max: 31.83
Current: 7.33
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Turcas Holding AS was 31.83. The lowest was 7.03. And the median was 12.26.
IST:TRCAS's Price-to-Net-Current-Asset-Value is ranked worse than 62.5% of 104
companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.185
vs IST:TRCAS: 7.33
Turcas Holding AS (IST:TRCAS) 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.
Turcas Holding AS Net Current Asset Value Related Terms
Turcas Holding AS Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Turcas Holding AS'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.
IST:TRCAS vs CEG, VST, NRG: Net Current Asset Value Comparison
For the Utilities - Independent Power Producers subindustry, Turcas Holding 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.
Turcas Holding AS Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Turcas Holding AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Turcas Holding AS'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 ₺5.74 mean?
Turcas Holding AS (IST:TRCAS) has a Net Current Asset Value of ₺5.74 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 Turcas Holding AS and its competitors. This is 53% below median its historical median of 12.26. Over the past decade, Turcas Holding AS's Net Current Asset Value has ranged from 7.03 to 31.83. According to the industry distribution chart, Turcas Holding AS ranks #65 out of 104 companies in the Utilities - Independent Power Producers industry, placing it in the top 62.5%.
Is Turcas Holding AS's Net Current Asset Value too high?
Turcas Holding AS's current Net Current Asset Value of ₺5.74 is 53% below median its 10-year median of 12.26. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 31.83. Based on the distribution chart, Turcas Holding AS ranks #65 out of 104 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Turcas Holding AS has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Turcas Holding AS's Net Current Asset Value compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Turcas Holding AS ranks #65 out of 104 companies for Net Current Asset Value. This places Turcas Holding AS in the lower half of its industry. The industry median Net Current Asset Value is 5.19. Historically, Turcas Holding AS's own Net Current Asset Value has ranged from 7.03 to 31.83 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.19, based on 104 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 Turcas Holding AS and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turcas Holding AS's current Net Current Asset Value is ₺5.74, which is 53% below median its own 10-year median of 12.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turcas Holding AS stock overvalued right now?
Turcas Holding AS (IST:TRCAS) has a current Net Current Asset Value of ₺5.74. The current Net Current Asset Value is ₺5.74, which is 53% below median its 10-year median of 12.26. Turcas Holding AS's overall GF Score™ is 20/100 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 Turcas Holding AS (IST:TRCAS), the current Net Current Asset Value is ₺5.74 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.
Turcas Holding AS is an oil and energy-focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity, and Others. The products that are included in the Oil segment are fuel products, lubricants, and engine oil. The Electricity segment consists of power generation activity.
20GF Score
Get the complete analysis for IST:TRCAS
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
IST:TRCAS has been successfully added to your 
