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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).
Aktiv Properties REIT's net current asset value per share for the quarter that ended in Mar. 2026 was лв-27.53.
The historical rank and industry rank for Aktiv Properties REIT's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aktiv Properties REIT was 55.88. The lowest was 14.57. And the median was 36.24.
LTS:0N12's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.7 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Aktiv Properties REIT (LTS:0N12) 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.
Aktiv Properties REIT Net Current Asset Value Related Terms
Aktiv Properties REIT Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Aktiv Properties REIT'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.
Aktiv Properties REIT Net Current Asset Value Chart
LTS:0N12 vs BXP, ARE, VNO: Net Current Asset Value Comparison
For the REIT - Office subindustry, Aktiv Properties REIT'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.
Aktiv Properties REIT Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Aktiv Properties REIT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aktiv Properties REIT'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 лв-27.53 mean?
Aktiv Properties REIT (LTS:0N12) has a Net Current Asset Value of лв-27.53 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 Aktiv Properties REIT and its competitors. Over the past decade, Aktiv Properties REIT's Net Current Asset Value has ranged from 14.57 to 55.88. According to the industry distribution chart, Aktiv Properties REIT ranks #999999 out of 105 companies in the REITs industry.
Is Aktiv Properties REIT's Net Current Asset Value too high?
Aktiv Properties REIT's current Net Current Asset Value is лв-27.53. Over the past 10 years, this metric has ranged from a low of 14.57 to a high of 55.88. Based on the distribution chart, Aktiv Properties REIT ranks #999999 out of 105 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Aktiv Properties REIT has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Aktiv Properties REIT's Net Current Asset Value compare to BXP and ARE?
According to the REITs industry distribution chart, Aktiv Properties REIT ranks #999999 out of 105 companies for Net Current Asset Value. This places Aktiv Properties REIT in the lower half of its industry. The industry median Net Current Asset Value is 7.70. Historically, Aktiv Properties REIT's own Net Current Asset Value has ranged from 14.57 to 55.88 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 7.70, based on 105 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 Aktiv Properties REIT and its competitors. For the REITs industry, the median Net Current Asset Value is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aktiv Properties REIT's current Net Current Asset Value is лв-27.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aktiv Properties REIT stock overvalued right now?
Aktiv Properties REIT (LTS:0N12) has a current Net Current Asset Value of лв-27.53. The stock's GF Value™ is лв10.88, compared to a current price of лв7.75 — trading 28.8% below its estimated fair value. The current Net Current Asset Value is лв-27.53. Aktiv Properties REIT's overall GF Score™ is 36/100 with 4 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 Aktiv Properties REIT (LTS:0N12), the current Net Current Asset Value is лв-27.53 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 Aktiv Properties REIT (LTS:0N12) Overvalued in 2026?
Based on GuruFocus' analysis, Aktiv Properties REIT stock appears to be undervalued.
The current stock price of лв7.75 is trading 28.8% below its estimated GF Value™ of лв10.88.
Key valuation signals for LTS:0N12:
Net Current Asset Value: лв-27.53
GF Value™: лв10.88 vs. price of лв7.75 (28.8% below fair value)
No single metric tells the full story. See the LTS:0N12 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aktiv Properties REIT is a joint stock company with special investment purpose of securitization of real estate. It carries out the business of investing cash resources, raised by issuing securities into real estates.
36GF Score
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