Balwin PropertiesJSE:BWN -0.48%49 Net Current Asset Value is R7.48 as of Feb. 2026, which is 100% below its 10-year median of 0.46. GuruFocus rates JSE:BWN with a GF Score™ of 49/100 and a GF Value™ of R2.32 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 759 Real Estate companies, Balwin Properties ranks better than 89.33% 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).
Balwin Properties's net current asset value per share for the quarter that ended in Feb. 2026 was R7.48.
The historical rank and industry rank for Balwin Properties's Net Current Asset Value or its related term are showing as below:
JSE:BWN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.28 Med: 0.46 Max: 1.91
Current: 0.56
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Balwin Properties was 1.91. The lowest was 0.28. And the median was 0.46.
JSE:BWN's Price-to-Net-Current-Asset-Value is ranked better than 89.33% of 759
companies
in the Real Estate industry
Industry Median: 2.19
vs JSE:BWN: 0.56
Balwin Properties (JSE:BWN) 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.
Balwin Properties Net Current Asset Value Related Terms
Balwin Properties Net Current Asset Value Historical Data
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The historical data trend for Balwin Properties'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.
Balwin Properties Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Balwin Properties'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.
Balwin Properties Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Balwin Properties's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Balwin Properties'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 R7.48 mean?
Balwin Properties (JSE:BWN) has a Net Current Asset Value of R7.48 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Balwin Properties and its competitors. This is 1526% above median its historical median of 0.46. Over the past decade, Balwin Properties' Net Current Asset Value has ranged from 0.28 to 1.91. According to the industry distribution chart, Balwin Properties ranks #81 out of 759 companies in the Real Estate industry, placing it in the top 10.7%.
Is Balwin Properties' Net Current Asset Value too high?
Balwin Properties' current Net Current Asset Value of R7.48 is 1526% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.91. Based on the distribution chart, Balwin Properties ranks #81 out of 759 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Balwin Properties has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Balwin Properties' Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Balwin Properties ranks #81 out of 759 companies for Net Current Asset Value. This places Balwin Properties in the top 11% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.19. Historically, Balwin Properties' own Net Current Asset Value has ranged from 0.28 to 1.91 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.19, based on 759 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 Balwin Properties and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balwin Properties's current Net Current Asset Value is R7.48, which is 1526% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balwin Properties stock overvalued right now?
Based on GuruFocus' analysis, Balwin Properties (JSE:BWN) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.32, compared to a current price of R4.19 — trading 80.6% above its estimated fair value. The current Net Current Asset Value is R7.48, which is 1526% above median its 10-year median of 0.46. Balwin Properties' overall GF Score™ is 49/100 with 9 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 Balwin Properties (JSE:BWN), the current Net Current Asset Value is R7.48 as of Feb. 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 Balwin Properties (JSE:BWN) Overvalued in 2026?
Based on GuruFocus' analysis, Balwin Properties stock appears to be overvalued.
The current stock price of R4.19 is trading 80.6% above its estimated GF Value™ of R2.32.
GuruFocus considers Balwin Properties to be Significantly Overvalued.
Key valuation signals for JSE:BWN:
Net Current Asset Value: R7.48 (1526% above median its 10-year median of 0.46)
GF Value™: R2.32 vs. price of R4.19 (80.6% above fair value)
No single metric tells the full story. See the JSE:BWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balwin Properties Ltd is engaged in residential property development and sale of sectional title estates, bond origination, information and communication technology services, rental of commercial property and other annuity based services provided to the residential developments. Its operating segments include Sale of apartments and land; Provision of services to residential estates; Bond commission; property rental; and Balwin Foundation. It derives majority of the revenue from Residential and commercial property rental segment.
49GF Score
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