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Trellidor HoldingsJSE:TRL 70 Net Current Asset Value is R0.14 as of Dec. 2025, which is 100% below its 10-year median of 21.12. GuruFocus rates JSE:TRL with a GF Score™ of 70/100 and a GF Value™ of R1.43 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 627 Business Services companies, Trellidor Holdings ranks worse than 73.84% 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).
Trellidor Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was R0.14.
The historical rank and industry rank for Trellidor Holdings's Net Current Asset Value or its related term are showing as below:
JSE:TRL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.37 Med: 21.12 Max: 199.67
Current: 8.36
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Trellidor Holdings was 199.67. The lowest was 5.37. And the median was 21.12.
JSE:TRL's Price-to-Net-Current-Asset-Value is ranked worse than 73.84% of 627
companies
in the Business Services industry
Industry Median: 3.83
vs JSE:TRL: 8.36
Trellidor Holdings (JSE:TRL) 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.
Trellidor Holdings Net Current Asset Value Related Terms
Trellidor Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Trellidor Holdings'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.
JSE:TRL vs ALLE, MSA, ADT: Net Current Asset Value Comparison
For the Security & Protection Services subindustry, Trellidor Holdings'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.
Trellidor Holdings Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Trellidor Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Trellidor Holdings'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 R0.14 mean?
Trellidor Holdings (JSE:TRL) has a Net Current Asset Value of R0.14 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Trellidor Holdings and its competitors. This is 99% below median its historical median of 21.12. Over the past decade, Trellidor Holdings' Net Current Asset Value has ranged from 5.37 to 199.67. According to the industry distribution chart, Trellidor Holdings ranks #463 out of 627 companies in the Business Services industry, placing it in the top 73.8%.
Is Trellidor Holdings' Net Current Asset Value too high?
Trellidor Holdings' current Net Current Asset Value of R0.14 is 99% below median its 10-year median of 21.12. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 199.67. Based on the distribution chart, Trellidor Holdings ranks #463 out of 627 companies in the Business Services industry, which is below the industry midpoint. Overall, Trellidor Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trellidor Holdings' Net Current Asset Value compare to ALLE and MSA?
According to the Business Services industry distribution chart, Trellidor Holdings ranks #463 out of 627 companies for Net Current Asset Value. This places Trellidor Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.83. Historically, Trellidor Holdings' own Net Current Asset Value has ranged from 5.37 to 199.67 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.83, based on 627 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 Trellidor Holdings and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trellidor Holdings's current Net Current Asset Value is R0.14, which is 99% below median its own 10-year median of 21.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trellidor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trellidor Holdings (JSE:TRL) is currently considered Modestly Undervalued. The stock's GF Value™ is R1.43, compared to a current price of R1.17 — trading 18.2% below its estimated fair value. The current Net Current Asset Value is R0.14, which is 99% below median its 10-year median of 21.12. Trellidor Holdings' overall GF Score™ is 70/100 with 5 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 Trellidor Holdings (JSE:TRL), the current Net Current Asset Value is R0.14 as of Dec. 2025. 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 Trellidor Holdings (JSE:TRL) Overvalued in 2026?
Based on GuruFocus' analysis, Trellidor Holdings stock appears to be undervalued.
The current stock price of R1.17 is trading 18.2% below its estimated GF Value™ of R1.43.
GuruFocus considers Trellidor Holdings to be Modestly Undervalued.
Key valuation signals for JSE:TRL:
Net Current Asset Value: R0.14 (99% below median its 10-year median of 21.12)
GF Value™: R1.43 vs. price of R1.17 (18.2% below fair value)
No single metric tells the full story. See the JSE:TRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trellidor Holdings Ltd operates in the security and protection services industry. The group operating segments include Trellidor; and Holdings. Its Trellidor segment is engaged in the manufacture and distribution of custom-made barrier security products. Holdings is engaged in Management of the group treasury function and receives management fee income. It generates maximum revenue from the Trellidor segment. Geographically, it derives a majority of its revenue from South Africa, and also has its presence in Rest of Africa and Rest of the world.
70GF Score
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