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.
RL Commercial REITPHS:RCR +0.83%62 Net Current Asset Value is ₱0.01 as of Mar. 2026, which is 100% below its 10-year median of 663.00. GuruFocus rates PHS:RCR with a GF Score™ of 62/100 and a GF Value™ of ₱7.20 (Fairly Valued). The stock has 3 warning signs investors should review. Among 105 REITs companies, RL Commercial REIT ranks worse than 99.05% 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).
RL Commercial REIT's net current asset value per share for the quarter that ended in Mar. 2026 was ₱0.01.
The historical rank and industry rank for RL Commercial REIT's Net Current Asset Value or its related term are showing as below:
PHS:RCR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 380.5 Med: 663 Max: 802
Current: 725
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of RL Commercial REIT was 802.00. The lowest was 380.50. And the median was 663.00.
PHS:RCR's Price-to-Net-Current-Asset-Value is ranked worse than 99.05% of 105
companies
in the REITs industry
Industry Median: 7.7
vs PHS:RCR: 725.00
RL Commercial REIT (PHS:RCR) 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.
RL Commercial REIT Net Current Asset Value Related Terms
RL Commercial REIT Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for RL Commercial REIT'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.
PHS:RCR vs BXP, ARE, VNO: Net Current Asset Value Comparison
For the REIT - Office subindustry, RL Commercial REIT'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.
RL Commercial REIT Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, RL Commercial REIT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where RL Commercial REIT'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 ₱0.01 mean?
RL Commercial REIT (PHS:RCR) has a Net Current Asset Value of ₱0.01 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 RL Commercial REIT and its competitors. This is 100% below median its historical median of 663.00. Over the past decade, RL Commercial REIT's Net Current Asset Value has ranged from 380.50 to 802.00. According to the industry distribution chart, RL Commercial REIT ranks #104 out of 105 companies in the REITs industry, placing it in the top 99%.
Is RL Commercial REIT's Net Current Asset Value too high?
RL Commercial REIT's current Net Current Asset Value of ₱0.01 is 100% below median its 10-year median of 663.00. Over the past 10 years, this metric has ranged from a low of 380.50 to a high of 802.00. Based on the distribution chart, RL Commercial REIT ranks #104 out of 105 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, RL Commercial REIT has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RL Commercial REIT's Net Current Asset Value compare to BXP and ARE?
According to the REITs industry distribution chart, RL Commercial REIT ranks #104 out of 105 companies for Net Current Asset Value. This places RL Commercial REIT in the lower half of its industry. The industry median Net Current Asset Value is 7.70. Historically, RL Commercial REIT's own Net Current Asset Value has ranged from 380.50 to 802.00 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.70, based on 105 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 RL Commercial REIT and its competitors. For the REITs industry, the median Net Current Asset Value is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RL Commercial REIT's current Net Current Asset Value is ₱0.01, which is 100% below median its own 10-year median of 663.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RL Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, RL Commercial REIT (PHS:RCR) is currently considered Fairly Valued. The stock's GF Value™ is ₱7.20, compared to a current price of ₱7.25 — trading 0.7% above its estimated fair value. The current Net Current Asset Value is ₱0.01, which is 100% below median its 10-year median of 663.00. RL Commercial REIT's overall GF Score™ is 62/100 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 RL Commercial REIT (PHS:RCR), the current Net Current Asset Value is ₱0.01 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 RL Commercial REIT (PHS:RCR) Overvalued in 2026?
Based on GuruFocus' analysis, RL Commercial REIT stock appears to be overvalued.
The current stock price of ₱7.25 is trading 0.7% above its estimated GF Value™ of ₱7.20.
GuruFocus considers RL Commercial REIT to be Fairly Valued.
Key valuation signals for PHS:RCR:
Net Current Asset Value: ₱0.01 (100% below median its 10-year median of 663.00)
GF Value™: ₱7.20 vs. price of ₱7.25 (0.7% above fair value)
No single metric tells the full story. See the PHS:RCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RL Commercial REIT Inc is a real estate company established in the Philippines. The portfolio of the company includes Exxa Tower, Robinsons Galleria Cebu Office, Robinsons Place Luisita 1, Cybergate Naga and Cybergate Delta 1, and others.
62GF Score
Get the complete analysis for PHS:RCR
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
PHS:RCR has been successfully added to your 
