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).
IST:TRENJ's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 6.33 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) 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.
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Net Current Asset Value Related Terms
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Net Current Asset Value Chart
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Annual Data
IST:TRENJ vs NEM, AU, RGLD: Net Current Asset Value Comparison
For the Gold subindustry, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Price-to-Net-Current-Asset-Value vs Metals & Mining 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 ₺-78.17 mean?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) has a Net Current Asset Value of ₺-78.17 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. Over the past decade, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Net Current Asset Value has ranged from 35.98 to 139.79. According to the industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #999999 out of 1351 companies in the Metals & Mining industry.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Net Current Asset Value too high?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Net Current Asset Value is ₺-78.17. Over the past 10 years, this metric has ranged from a low of 35.98 to a high of 139.79. Based on the distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #999999 out of 1351 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #999999 out of 1351 companies for Net Current Asset Value. This places TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS in the lower half of its industry. The industry median Net Current Asset Value is 6.33. Historically, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's own Net Current Asset Value has ranged from 35.98 to 139.79 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.33, based on 1,351 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Net Current Asset Value is ₺-78.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) is currently considered Fairly Valued. The stock's GF Value™ is ₺83.98, compared to a current price of ₺89.95 — trading 7.1% above its estimated fair value. The current Net Current Asset Value is ₺-78.17. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's overall GF Score™ is 71/100 with 3 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ), the current Net Current Asset Value is ₺-78.17 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) Overvalued in 2026?
Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock appears to be overvalued.
The current stock price of ₺89.95 is trading 7.1% above its estimated GF Value™ of ₺83.98.
GuruFocus considers TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS to be Fairly Valued.
Key valuation signals for IST:TRENJ:
Net Current Asset Value: ₺-78.17
GF Value™: ₺83.98 vs. price of ₺89.95 (7.1% above fair value)
No single metric tells the full story. See the IST:TRENJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Business Description
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS, formerly Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS is engaged in the gold mining. It operates seven mines in five regions. The company generates the majority of its revenue from the sale of gold bullion, followed by other revenue and the sale of silver bullion.
71GF Score
Get the complete analysis for IST:TRENJ
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:TRENJ has been successfully added to your 
