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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).
The historical rank and industry rank for Boursa Kuwait Securities Co KPSC's Net Current Asset Value or its related term are showing as below:
KUW:BOURSA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 19.29 Med: 38.79 Max: 135.5
Current: 20.14
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Boursa Kuwait Securities Co KPSC was 135.50. The lowest was 19.29. And the median was 38.79.
KUW:BOURSA's Price-to-Net-Current-Asset-Value is ranked worse than 89.46% of 503
companies
in the Capital Markets industry
Industry Median: 2.7
vs KUW:BOURSA: 20.14
Boursa Kuwait Securities Co KPSC (KUW:BOURSA) 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.
Boursa Kuwait Securities Co KPSC Net Current Asset Value Related Terms
Boursa Kuwait Securities Co KPSC 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.
Boursa Kuwait Securities Co KPSC Net Current Asset Value Chart
KUW:BOURSA vs SPGI, CME, MCO: Net Current Asset Value Comparison
For the Financial Data & Stock Exchanges subindustry, Boursa Kuwait Securities Co KPSC'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.
Boursa Kuwait Securities Co KPSC Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Boursa Kuwait Securities Co KPSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Boursa Kuwait Securities Co KPSC'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 KWD0.14 mean?
Boursa Kuwait Securities Co KPSC (KUW:BOURSA) has a Net Current Asset Value of KWD0.14 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 Boursa Kuwait Securities Co KPSC and its competitors. This is 100% below median its historical median of 38.79. Over the past decade, Boursa Kuwait Securities Co KPSC's Net Current Asset Value has ranged from 19.29 to 135.50. According to the industry distribution chart, Boursa Kuwait Securities Co KPSC ranks #450 out of 503 companies in the Capital Markets industry, placing it in the top 89.5%.
Is Boursa Kuwait Securities Co KPSC's Net Current Asset Value too high?
Boursa Kuwait Securities Co KPSC's current Net Current Asset Value of KWD0.14 is 100% below median its 10-year median of 38.79. Over the past 10 years, this metric has ranged from a low of 19.29 to a high of 135.50. Based on the distribution chart, Boursa Kuwait Securities Co KPSC ranks #450 out of 503 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Boursa Kuwait Securities Co KPSC has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boursa Kuwait Securities Co KPSC's Net Current Asset Value compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Boursa Kuwait Securities Co KPSC ranks #450 out of 503 companies for Net Current Asset Value. This places Boursa Kuwait Securities Co KPSC in the lower half of its industry. The industry median Net Current Asset Value is 2.70. Historically, Boursa Kuwait Securities Co KPSC's own Net Current Asset Value has ranged from 19.29 to 135.50 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.70, based on 503 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 Boursa Kuwait Securities Co KPSC and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boursa Kuwait Securities Co KPSC's current Net Current Asset Value is KWD0.14, which is 100% below median its own 10-year median of 38.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boursa Kuwait Securities Co KPSC stock overvalued right now?
Based on GuruFocus' analysis, Boursa Kuwait Securities Co KPSC (KUW:BOURSA) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD3.37, compared to a current price of KWD2.82 — trading 16.3% below its estimated fair value. The current Net Current Asset Value is KWD0.14, which is 100% below median its 10-year median of 38.79. Boursa Kuwait Securities Co KPSC's overall GF Score™ is 100/100 with 1 warning sign 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 Boursa Kuwait Securities Co KPSC (KUW:BOURSA), the current Net Current Asset Value is KWD0.14 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 Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Overvalued in 2026?
Based on GuruFocus' analysis, Boursa Kuwait Securities Co KPSC stock appears to be undervalued.
The current stock price of KWD2.82 is trading 16.3% below its estimated GF Value™ of KWD3.37.
GuruFocus considers Boursa Kuwait Securities Co KPSC to be Modestly Undervalued.
Key valuation signals for KUW:BOURSA:
Net Current Asset Value: KWD0.14 (100% below median its 10-year median of 38.79)
GF Value™: KWD3.37 vs. price of KWD2.82 (16.3% below fair value)
No single metric tells the full story. See the KUW:BOURSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boursa Kuwait Securities Co KPSC Business Description
Boursa Kuwait Securities Co KPSC operates as a financial exchange and clearing house in Kuwait. The company also provides securities-related services to participants in the financial sector. Its segments includes securities exchange and clearing, out of which the majority is from the securities exchange.
100GF Score
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