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).
STC:IJC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.38 Med: 2.81 Max: 465.74
Current: 1.38
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Becamex Infrastructure Development JSC was 465.74. The lowest was 1.38. And the median was 2.81.
STC:IJC's Price-to-Net-Current-Asset-Value is ranked better than 79.58% of 1058
companies
in the Construction industry
Industry Median: 3.245
vs STC:IJC: 1.38
Becamex Infrastructure Development JSC (STC:IJC) 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.
Becamex Infrastructure Development JSC Net Current Asset Value Related Terms
Becamex Infrastructure Development JSC Net Current Asset Value Historical Data
* 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.
Becamex Infrastructure Development JSC Net Current Asset Value Chart
Becamex Infrastructure Development JSC Annual Data
STC:IJC vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Becamex Infrastructure Development JSC'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.
Becamex Infrastructure Development JSC Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Becamex Infrastructure Development JSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Becamex Infrastructure Development JSC'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 ₫6,194.05 mean?
Becamex Infrastructure Development JSC (STC:IJC) has a Net Current Asset Value of ₫6,194.05 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 Becamex Infrastructure Development JSC and its competitors. This is 220329% above median its historical median of 2.81. Over the past decade, Becamex Infrastructure Development JSC's Net Current Asset Value has ranged from 1.38 to 465.74. According to the industry distribution chart, Becamex Infrastructure Development JSC ranks #216 out of 1058 companies in the Construction industry, placing it in the top 20.4%.
Is Becamex Infrastructure Development JSC's Net Current Asset Value too high?
Becamex Infrastructure Development JSC's current Net Current Asset Value of ₫6,194.05 is 220329% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 465.74. Based on the distribution chart, Becamex Infrastructure Development JSC ranks #216 out of 1058 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Becamex Infrastructure Development JSC has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Becamex Infrastructure Development JSC's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Becamex Infrastructure Development JSC ranks #216 out of 1058 companies for Net Current Asset Value. This places Becamex Infrastructure Development JSC in the top 20% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.25. Historically, Becamex Infrastructure Development JSC's own Net Current Asset Value has ranged from 1.38 to 465.74 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,058 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 Becamex Infrastructure Development JSC and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Becamex Infrastructure Development JSC's current Net Current Asset Value is ₫6,194.05, which is 220329% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Becamex Infrastructure Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Becamex Infrastructure Development JSC (STC:IJC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫10,730.18, compared to a current price of ₫8,550.00 — trading 20.3% below its estimated fair value. The current Net Current Asset Value is ₫6,194.05, which is 220329% above median its 10-year median of 2.81. Becamex Infrastructure Development JSC's overall GF Score™ is 75/100 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 Becamex Infrastructure Development JSC (STC:IJC), the current Net Current Asset Value is ₫6,194.05 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 Becamex Infrastructure Development JSC (STC:IJC) Overvalued in 2026?
Based on GuruFocus' analysis, Becamex Infrastructure Development JSC stock appears to be undervalued.
The current stock price of ₫8,550.00 is trading 20.3% below its estimated GF Value™ of ₫10,730.18.
GuruFocus considers Becamex Infrastructure Development JSC to be Modestly Undervalued.
Key valuation signals for STC:IJC:
Net Current Asset Value: ₫6,194.05 (220329% above median its 10-year median of 2.81)
GF Value™: ₫10,730.18 vs. price of ₫8,550.00 (20.3% below fair value)
No single metric tells the full story. See the STC:IJC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Becamex Infrastructure Development JSC Business Description
Becamex Infrastructure Development JSC, through its subsidiaries, is engaged in the field of investment and development of industrial, residential, urban and transportation infrastructure. The other business activities in which the company is involved are Collecting traffic fees; Services-Trade; and Real estate business. The organization is based in Vietnam.
75GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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