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Bulgarian River Shipping ADLTS:0ONQ 21 Net Current Asset Value is лв0.07 as of Mar. 2026, which is 100% below its 10-year median of 8.47. GuruFocus rates LTS:0ONQ with a GF Score™ of 21/100 and a GF Value™ of лв1.16. The stock has 3 warning signs investors should review. Among 359 Transportation companies, Bulgarian River Shipping AD ranks worse than 76.6% 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).
Bulgarian River Shipping AD's net current asset value per share for the quarter that ended in Mar. 2026 was лв0.07.
The historical rank and industry rank for Bulgarian River Shipping AD's Net Current Asset Value or its related term are showing as below:
LTS:0ONQ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.4 Med: 8.47 Max: 25
Current: 10
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bulgarian River Shipping AD was 25.00. The lowest was 3.40. And the median was 8.47.
LTS:0ONQ's Price-to-Net-Current-Asset-Value is ranked worse than 76.6% of 359
companies
in the Transportation industry
Industry Median: 4.01
vs LTS:0ONQ: 10.00
Bulgarian River Shipping AD (LTS:0ONQ) 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.
Bulgarian River Shipping AD Net Current Asset Value Related Terms
Bulgarian River Shipping AD 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.
Bulgarian River Shipping AD Net Current Asset Value Chart
LTS:0ONQ vs KEX: Net Current Asset Value Comparison
For the Marine Shipping subindustry, Bulgarian River Shipping AD'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.
Bulgarian River Shipping AD Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Bulgarian River Shipping AD's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bulgarian River Shipping AD'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 лв0.07 mean?
Bulgarian River Shipping AD (LTS:0ONQ) has a Net Current Asset Value of лв0.07 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 Bulgarian River Shipping AD and its competitors. This is 99% below median its historical median of 8.47. Over the past decade, Bulgarian River Shipping AD's Net Current Asset Value has ranged from 3.40 to 25.00. According to the industry distribution chart, Bulgarian River Shipping AD ranks #275 out of 359 companies in the Transportation industry, placing it in the top 76.6%.
Is Bulgarian River Shipping AD's Net Current Asset Value too high?
Bulgarian River Shipping AD's current Net Current Asset Value of лв0.07 is 99% below median its 10-year median of 8.47. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 25.00. Based on the distribution chart, Bulgarian River Shipping AD ranks #275 out of 359 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Bulgarian River Shipping AD has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Bulgarian River Shipping AD's Net Current Asset Value compare to KEX?
According to the Transportation industry distribution chart, Bulgarian River Shipping AD ranks #275 out of 359 companies for Net Current Asset Value. This places Bulgarian River Shipping AD in the lower half of its industry. The industry median Net Current Asset Value is 4.01. Historically, Bulgarian River Shipping AD's own Net Current Asset Value has ranged from 3.40 to 25.00 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.01, based on 359 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 Bulgarian River Shipping AD and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian River Shipping AD's current Net Current Asset Value is лв0.07, which is 99% below median its own 10-year median of 8.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian River Shipping AD stock overvalued right now?
Bulgarian River Shipping AD (LTS:0ONQ) has a current Net Current Asset Value of лв0.07. The stock's GF Value™ is лв1.16, compared to a current price of лв0.80 — trading 31% below its estimated fair value. The current Net Current Asset Value is лв0.07, which is 99% below median its 10-year median of 8.47. Bulgarian River Shipping AD's overall GF Score™ is 21/100 with 3 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 Bulgarian River Shipping AD (LTS:0ONQ), the current Net Current Asset Value is лв0.07 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 Bulgarian River Shipping AD (LTS:0ONQ) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian River Shipping AD stock appears to be undervalued.
The current stock price of лв0.80 is trading 31% below its estimated GF Value™ of лв1.16.
Key valuation signals for LTS:0ONQ:
Net Current Asset Value: лв0.07 (99% below median its 10-year median of 8.47)
GF Value™: лв1.16 vs. price of лв0.80 (31% below fair value)
No single metric tells the full story. See the LTS:0ONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian River Shipping AD operates in the transportation industry. The company provides ferry services for passengers, transport of mass and general cargos, transport non-dangerous goods and fuels, and transport of large-scale and concentrated loads.
21GF Score
Get the complete analysis for LTS:0ONQ
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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