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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).
Port of Tauranga's net current asset value per share for the quarter that ended in Dec. 2025 was NZ$-0.94.
The historical rank and industry rank for Port of Tauranga's Net Current Asset Value or its related term are showing as below:
NZSE:POT's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.065 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Port of Tauranga (NZSE:POT) 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.
Port of Tauranga Net Current Asset Value Related Terms
Port of Tauranga Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Port of Tauranga'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.
Port of Tauranga Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, Port of Tauranga'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.
Port of Tauranga Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Port of Tauranga's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Port of Tauranga'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 NZ$-0.94 mean?
Port of Tauranga (NZSE:POT) has a Net Current Asset Value of NZ$-0.94 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Port of Tauranga and its competitors. According to the industry distribution chart, Port of Tauranga ranks #999999 out of 360 companies in the Transportation industry.
Is Port of Tauranga's Net Current Asset Value too high?
Port of Tauranga's current Net Current Asset Value is NZ$-0.94. Based on the distribution chart, Port of Tauranga ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Port of Tauranga has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Port of Tauranga's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, Port of Tauranga ranks #999999 out of 360 companies for Net Current Asset Value. This places Port of Tauranga in the lower half of its industry. The industry median Net Current Asset Value is 4.07. 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 4.07, based on 360 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 Port of Tauranga and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Port of Tauranga's current Net Current Asset Value is NZ$-0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Port of Tauranga stock overvalued right now?
Based on GuruFocus' analysis, Port of Tauranga (NZSE:POT) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$7.35, compared to a current price of NZ$8.71 — trading 18.5% above its estimated fair value. The current Net Current Asset Value is NZ$-0.94. Port of Tauranga's overall GF Score™ is 93/100 with 6 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 Port of Tauranga (NZSE:POT), the current Net Current Asset Value is NZ$-0.94 as of Dec. 2025. 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 Port of Tauranga (NZSE:POT) Overvalued in 2026?
Based on GuruFocus' analysis, Port of Tauranga stock appears to be overvalued.
The current stock price of NZ$8.71 is trading 18.5% above its estimated GF Value™ of NZ$7.35.
GuruFocus considers Port of Tauranga to be Modestly Overvalued.
Key valuation signals for NZSE:POT:
Net Current Asset Value: NZ$-0.94
GF Value™: NZ$7.35 vs. price of NZ$8.71 (18.5% above fair value)
No single metric tells the full story. See the NZSE:POT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Port of Tauranga is the largest, fastest-growing, and most efficient port in New Zealand. The company was established in 1985 by the government and remains majority owned by the Bay of Plenty Regional Council. The port is connected by road and rail to Auckland, Waikato, and the central North Island. In addition to the port at Tauranga, the firm owns stakes in smaller ports and inland freight hubs closer to Auckland and on the South Island to facilitate trade flows.
93GF Score
Get the complete analysis for NZSE:POT
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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