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Ulker Biskuvinayi ASIST:ULKER -1.11%87 Net Current Asset Value is ₺12.22 as of Mar. 2026, which is 100% below its 10-year median of 13.33. GuruFocus rates IST:ULKER with a GF Score™ of 87/100 and a GF Value™ of ₺129.09 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,053 Consumer Packaged Goods companies, Ulker Biskuvinayi AS ranks worse than 72.27% 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).
Ulker Biskuvinayi AS's net current asset value per share for the quarter that ended in Mar. 2026 was ₺12.22.
The historical rank and industry rank for Ulker Biskuvinayi AS's Net Current Asset Value or its related term are showing as below:
IST:ULKER'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.92 Med: 13.33 Max: 37.59
Current: 8.02
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ulker Biskuvinayi AS was 37.59. The lowest was 4.92. And the median was 13.33.
IST:ULKER's Price-to-Net-Current-Asset-Value is ranked worse than 72.27% of 1053
companies
in the Consumer Packaged Goods industry
Industry Median: 4.2
vs IST:ULKER: 8.02
Ulker Biskuvinayi AS (IST:ULKER) 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.
Ulker Biskuvinayi AS Net Current Asset Value Related Terms
Ulker Biskuvinayi AS Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Ulker Biskuvinayi 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.
Ulker Biskuvinayi AS Net Current Asset Value Chart
IST:ULKER vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Ulker Biskuvinayi 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.
Ulker Biskuvinayi AS Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ulker Biskuvinayi AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ulker Biskuvinayi 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 ₺12.22 mean?
Ulker Biskuvinayi AS (IST:ULKER) has a Net Current Asset Value of ₺12.22 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 Ulker Biskuvinayi AS and its competitors. This is near median its historical median of 13.33. Over the past decade, Ulker Biskuvinayi AS's Net Current Asset Value has ranged from 4.92 to 37.59. According to the industry distribution chart, Ulker Biskuvinayi AS ranks #761 out of 1053 companies in the Consumer Packaged Goods industry, placing it in the top 72.3%.
Is Ulker Biskuvinayi AS's Net Current Asset Value too high?
Ulker Biskuvinayi AS's current Net Current Asset Value of ₺12.22 is near median its 10-year median of 13.33. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 37.59. Based on the distribution chart, Ulker Biskuvinayi AS ranks #761 out of 1053 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ulker Biskuvinayi 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 Ulker Biskuvinayi AS's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Ulker Biskuvinayi AS ranks #761 out of 1053 companies for Net Current Asset Value. This places Ulker Biskuvinayi AS in the lower half of its industry. The industry median Net Current Asset Value is 4.20. Historically, Ulker Biskuvinayi AS's own Net Current Asset Value has ranged from 4.92 to 37.59 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.20, based on 1,053 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 Ulker Biskuvinayi AS and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulker Biskuvinayi AS's current Net Current Asset Value is ₺12.22, which is near median its own 10-year median of 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulker Biskuvinayi AS stock overvalued right now?
Based on GuruFocus' analysis, Ulker Biskuvinayi AS (IST:ULKER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺129.09, compared to a current price of ₺97.95 — trading 24.1% below its estimated fair value. The current Net Current Asset Value is ₺12.22, which is near median its 10-year median of 13.33. Ulker Biskuvinayi AS's overall GF Score™ is 87/100 with 7 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 Ulker Biskuvinayi AS (IST:ULKER), the current Net Current Asset Value is ₺12.22 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 Ulker Biskuvinayi AS (IST:ULKER) Overvalued in 2026?
Based on GuruFocus' analysis, Ulker Biskuvinayi AS stock appears to be undervalued.
The current stock price of ₺97.95 is trading 24.1% below its estimated GF Value™ of ₺129.09.
GuruFocus considers Ulker Biskuvinayi AS to be Modestly Undervalued.
Key valuation signals for IST:ULKER:
Net Current Asset Value: ₺12.22 (near median its 10-year median of 13.33)
GF Value™: ₺129.09 vs. price of ₺97.95 (24.1% below fair value)
No single metric tells the full story. See the IST:ULKER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ulker Biskuvi Sanayi AS is engaged in manufacturing marketing, and sale of biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate. The brands of the company include Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Godiva, Piko, Buklet, and others. Substantially all of the remaining revenue is from cake sales. The company earns majority of its revenue from domestic market.
87GF Score
Get the complete analysis for IST:ULKER
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