Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
Copenhagen Capital AS's net current asset value per share for the quarter that ended in Dec. 2025 was kr-17.96.
The historical rank and industry rank for Copenhagen Capital AS's Net Current Asset Value or its related term are showing as below:
OCSE:CPHCAP ST's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.12 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Copenhagen Capital AS (OCSE:CPHCAP ST) 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.
Copenhagen Capital AS Net Current Asset Value Related Terms
Copenhagen Capital AS Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Copenhagen Capital AS'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.
Copenhagen Capital AS Net Current Asset Value Chart
OCSE:CPHCAP ST vs CBRE, BEKE, JLL: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Copenhagen Capital AS'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.
Copenhagen Capital AS Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Copenhagen Capital AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Copenhagen Capital AS'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 kr-17.96 mean?
Copenhagen Capital AS (OCSE:CPHCAP ST) has a Net Current Asset Value of kr-17.96 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 Copenhagen Capital AS and its competitors. According to the industry distribution chart, Copenhagen Capital AS ranks #999999 out of 757 companies in the Real Estate industry.
Is Copenhagen Capital AS's Net Current Asset Value too high?
Copenhagen Capital AS's current Net Current Asset Value is kr-17.96. Based on the distribution chart, Copenhagen Capital AS ranks #999999 out of 757 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Copenhagen Capital AS has a GF Score™ of 46/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Copenhagen Capital AS's Net Current Asset Value compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Copenhagen Capital AS ranks #999999 out of 757 companies for Net Current Asset Value. This places Copenhagen Capital AS in the lower half of its industry. The industry median Net Current Asset Value is 2.12. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.12, based on 757 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 Copenhagen Capital AS and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copenhagen Capital AS's current Net Current Asset Value is kr-17.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copenhagen Capital AS stock overvalued right now?
Based on GuruFocus' analysis, Copenhagen Capital AS (OCSE:CPHCAP ST) is currently considered Modestly Overvalued. The stock's GF Value™ is kr5.74, compared to a current price of kr7.30 — trading 27.2% above its estimated fair value. The current Net Current Asset Value is kr-17.96. Copenhagen Capital AS's overall GF Score™ is 46/100 with 8 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 Copenhagen Capital AS (OCSE:CPHCAP ST), the current Net Current Asset Value is kr-17.96 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 Copenhagen Capital AS (OCSE:CPHCAP ST) Overvalued in 2026?
Based on GuruFocus' analysis, Copenhagen Capital AS stock appears to be overvalued.
The current stock price of kr7.30 is trading 27.2% above its estimated GF Value™ of kr5.74.
GuruFocus considers Copenhagen Capital AS to be Modestly Overvalued.
Key valuation signals for OCSE:CPHCAP ST:
Net Current Asset Value: kr-17.96
GF Value™: kr5.74 vs. price of kr7.30 (27.2% above fair value)
No single metric tells the full story. See the OCSE:CPHCAP ST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Copenhagen Capital AS is an investment company. The Company invests in real estate and make direct and indirect investments based on analyzes of the properties options, location and condition. It also invests in leasing of housing and housing commercial real estate in Copenhagen.
46GF Score
Get the complete analysis for OCSE:CPHCAP ST
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OCSE:CPHCAP ST has been successfully added to your 
