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United BreweriesNSE:UBL +0.84%75 Net Current Asset Value is ₹39.93 as of Mar. 2026, which is 100% below its 10-year median of 32.18. GuruFocus rates NSE:UBL with a GF Score™ of 75/100 and a GF Value™ of ₹2,171.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 118 Beverages - Alcoholic companies, United Breweries ranks worse than 90.68% 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).
United Breweries's net current asset value per share for the quarter that ended in Mar. 2026 was ₹39.93.
The historical rank and industry rank for United Breweries's Net Current Asset Value or its related term are showing as below:
NSE:UBL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 26.06 Med: 32.18 Max: 92.28
Current: 33.84
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of United Breweries was 92.28. The lowest was 26.06. And the median was 32.18.
NSE:UBL's Price-to-Net-Current-Asset-Value is ranked worse than 90.68% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.305
vs NSE:UBL: 33.84
United Breweries (NSE:UBL) 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.
United Breweries Net Current Asset Value Related Terms
United Breweries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for United Breweries'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:UBL vs BUD, STZ, TAP: Net Current Asset Value Comparison
For the Beverages - Brewers subindustry, United Breweries'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.
United Breweries Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where United Breweries'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 ₹39.93 mean?
United Breweries (NSE:UBL) has a Net Current Asset Value of ₹39.93 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 United Breweries and its competitors. This is 24% above median its historical median of 32.18. Over the past decade, United Breweries' Net Current Asset Value has ranged from 26.06 to 92.28. According to the industry distribution chart, United Breweries ranks #107 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 90.7%.
Is United Breweries' Net Current Asset Value too high?
United Breweries' current Net Current Asset Value of ₹39.93 is 24% above median its 10-year median of 32.18. Over the past 10 years, this metric has ranged from a low of 26.06 to a high of 92.28. Based on the distribution chart, United Breweries ranks #107 out of 118 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, United Breweries has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' Net Current Asset Value compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries ranks #107 out of 118 companies for Net Current Asset Value. This places United Breweries in the lower half of its industry. The industry median Net Current Asset Value is 5.31. Historically, United Breweries' own Net Current Asset Value has ranged from 26.06 to 92.28 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 Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.31, based on 118 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 United Breweries and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Breweries's current Net Current Asset Value is ₹39.93, which is 24% above median its own 10-year median of 32.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,171.04, compared to a current price of ₹1,350.90 — trading 37.8% below its estimated fair value. The current Net Current Asset Value is ₹39.93, which is 24% above median its 10-year median of 32.18. United Breweries' overall GF Score™ is 75/100 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 United Breweries (NSE:UBL), the current Net Current Asset Value is ₹39.93 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 United Breweries (NSE:UBL) Overvalued in 2026?
Based on GuruFocus' analysis, United Breweries stock appears to be undervalued.
The current stock price of ₹1,350.90 is trading 37.8% below its estimated GF Value™ of ₹2,171.04.
GuruFocus considers United Breweries to be Significantly Undervalued.
Key valuation signals for NSE:UBL:
Net Current Asset Value: ₹39.93 (24% above median its 10-year median of 32.18)
GF Value™: ₹2,171.04 vs. price of ₹1,350.90 (37.8% below fair value)
No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
75GF Score
Get the complete analysis for NSE:UBL
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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