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Oasis Crescent Property FundJSE:OAS 74 Net Current Asset Value is R3.49 as of Mar. 2026, which is 100% below its 10-year median of 8.96. GuruFocus rates JSE:OAS with a GF Score™ of 74/100 and a GF Value™ of R24.04 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 107 REITs companies, Oasis Crescent Property Fund ranks worse than 52.34% 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).
Oasis Crescent Property Fund's net current asset value per share for the quarter that ended in Mar. 2026 was R3.49.
The historical rank and industry rank for Oasis Crescent Property Fund's Net Current Asset Value or its related term are showing as below:
JSE:OAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.28 Med: 8.96 Max: 10.88
Current: 8.41
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Oasis Crescent Property Fund was 10.88. The lowest was 7.28. And the median was 8.96.
JSE:OAS's Price-to-Net-Current-Asset-Value is ranked worse than 52.34% of 107
companies
in the REITs industry
Industry Median: 7.95
vs JSE:OAS: 8.41
Oasis Crescent Property Fund (JSE:OAS) 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.
Oasis Crescent Property Fund Net Current Asset Value Related Terms
Oasis Crescent Property Fund 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.
Oasis Crescent Property Fund Net Current Asset Value Chart
JSE:OAS vs VICI, WPC, BNL: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, Oasis Crescent Property Fund'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.
Oasis Crescent Property Fund Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Oasis Crescent Property Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Oasis Crescent Property Fund'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 R3.49 mean?
Oasis Crescent Property Fund (JSE:OAS) has a Net Current Asset Value of R3.49 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 Oasis Crescent Property Fund and its competitors. This is 61% below median its historical median of 8.96. Over the past decade, Oasis Crescent Property Fund's Net Current Asset Value has ranged from 7.28 to 10.88. According to the industry distribution chart, Oasis Crescent Property Fund ranks #56 out of 107 companies in the REITs industry, placing it in the top 52.3%.
Is Oasis Crescent Property Fund's Net Current Asset Value too high?
Oasis Crescent Property Fund's current Net Current Asset Value of R3.49 is 61% below median its 10-year median of 8.96. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 10.88. Based on the distribution chart, Oasis Crescent Property Fund ranks #56 out of 107 companies in the REITs industry, which is below the industry midpoint. Overall, Oasis Crescent Property Fund has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oasis Crescent Property Fund's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Oasis Crescent Property Fund ranks #56 out of 107 companies for Net Current Asset Value. This places Oasis Crescent Property Fund in the lower half of its industry. The industry median Net Current Asset Value is 7.95. Historically, Oasis Crescent Property Fund's own Net Current Asset Value has ranged from 7.28 to 10.88 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.95, based on 107 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 Oasis Crescent Property Fund and its competitors. For the REITs industry, the median Net Current Asset Value is 7.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oasis Crescent Property Fund's current Net Current Asset Value is R3.49, which is 61% below median its own 10-year median of 8.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oasis Crescent Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Oasis Crescent Property Fund (JSE:OAS) is currently considered Modestly Overvalued. The stock's GF Value™ is R24.04, compared to a current price of R29.35 — trading 22.1% above its estimated fair value. The current Net Current Asset Value is R3.49, which is 61% below median its 10-year median of 8.96. Oasis Crescent Property Fund's overall GF Score™ is 74/100 with 6 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 Oasis Crescent Property Fund (JSE:OAS), the current Net Current Asset Value is R3.49 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 Oasis Crescent Property Fund (JSE:OAS) Overvalued in 2026?
Based on GuruFocus' analysis, Oasis Crescent Property Fund stock appears to be overvalued.
The current stock price of R29.35 is trading 22.1% above its estimated GF Value™ of R24.04.
GuruFocus considers Oasis Crescent Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:OAS:
Net Current Asset Value: R3.49 (61% below median its 10-year median of 8.96)
GF Value™: R24.04 vs. price of R29.35 (22.1% above fair value)
No single metric tells the full story. See the JSE:OAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
74GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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