Avenue SupermartsNSE:DMART +0.54%98 Net Current Asset Value is ₹37.08 as of Mar. 2026, which is 100% below its 10-year median of 81.29. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,562.35 (Modestly Undervalued). Among 132 Retail - Defensive companies, Avenue Supermarts ranks worse than 97.73% 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).
Avenue Supermarts's net current asset value per share for the quarter that ended in Mar. 2026 was ₹37.08.
The historical rank and industry rank for Avenue Supermarts's Net Current Asset Value or its related term are showing as below:
NSE:DMART'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 39.77 Med: 81.29 Max: 157.21
Current: 118.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Avenue Supermarts was 157.21. The lowest was 39.77. And the median was 81.29.
NSE:DMART's Price-to-Net-Current-Asset-Value is ranked worse than 97.73% of 132
companies
in the Retail - Defensive industry
Industry Median: 3.24
vs NSE:DMART: 118.11
Avenue Supermarts (NSE:DMART) 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.
Avenue Supermarts Net Current Asset Value Related Terms
Avenue Supermarts Net Current Asset Value Historical Data
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The historical data trend for Avenue Supermarts'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.
NSE:DMART vs WMT, COST, TGT: Net Current Asset Value Comparison
For the Discount Stores subindustry, Avenue Supermarts'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.
Avenue Supermarts Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Avenue Supermarts'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 ₹37.08 mean?
Avenue Supermarts (NSE:DMART) has a Net Current Asset Value of ₹37.08 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 Avenue Supermarts and its competitors. This is 54% below median its historical median of 81.29. Over the past decade, Avenue Supermarts' Net Current Asset Value has ranged from 39.77 to 157.21. According to the industry distribution chart, Avenue Supermarts ranks #129 out of 132 companies in the Retail - Defensive industry, placing it in the top 97.7%.
Is Avenue Supermarts' Net Current Asset Value too high?
Avenue Supermarts' current Net Current Asset Value of ₹37.08 is 54% below median its 10-year median of 81.29. Over the past 10 years, this metric has ranged from a low of 39.77 to a high of 157.21. Based on the distribution chart, Avenue Supermarts ranks #129 out of 132 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Avenue Supermarts has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Net Current Asset Value compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Avenue Supermarts ranks #129 out of 132 companies for Net Current Asset Value. This places Avenue Supermarts in the lower half of its industry. The industry median Net Current Asset Value is 3.24. Historically, Avenue Supermarts' own Net Current Asset Value has ranged from 39.77 to 157.21 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.24, based on 132 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 Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current Net Current Asset Value is ₹37.08, which is 54% below median its own 10-year median of 81.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,562.35, compared to a current price of ₹4,380.70 — trading 21.2% below its estimated fair value. The current Net Current Asset Value is ₹37.08, which is 54% below median its 10-year median of 81.29. Avenue Supermarts' overall GF Score™ is 98/100. 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 Avenue Supermarts (NSE:DMART), the current Net Current Asset Value is ₹37.08 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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?
Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued.
The current stock price of ₹4,380.70 is trading 21.2% below its estimated GF Value™ of ₹5,562.35.
GuruFocus considers Avenue Supermarts to be Modestly Undervalued.
Key valuation signals for NSE:DMART:
Net Current Asset Value: ₹37.08 (54% below median its 10-year median of 81.29)
GF Value™: ₹5,562.35 vs. price of ₹4,380.70 (21.2% below fair value)
No single metric tells the full story. See the NSE:DMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
98GF Score
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