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).
Timbercreek Financial's net current asset value per share for the quarter that ended in Mar. 2026 was $-12.03.
The historical rank and industry rank for Timbercreek Financial's Net Current Asset Value or its related term are showing as below:
TBCRF's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 1.17 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Timbercreek Financial (OTCPK:TBCRF) 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.
Timbercreek Financial Net Current Asset Value Related Terms
Timbercreek Financial Net Current Asset Value Historical Data
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The historical data trend for Timbercreek Financial'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.
Timbercreek Financial Net Current Asset Value Chart
TBCRF vs RKT, FNMA, PFSI: Net Current Asset Value Comparison
For the Mortgage Finance subindustry, Timbercreek Financial'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.
Timbercreek Financial Price-to-Net-Current-Asset-Value vs Banks Industry
For the Banks industry and Financial Services sector, Timbercreek Financial's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Timbercreek Financial'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 $-12.03 mean?
Timbercreek Financial (TBCRF) has a Net Current Asset Value of $-12.03 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 Timbercreek Financial and its competitors. According to the industry distribution chart, Timbercreek Financial ranks #999999 out of 23 companies in the Banks industry.
Is Timbercreek Financial's Net Current Asset Value too high?
Timbercreek Financial's current Net Current Asset Value is $-12.03. Based on the distribution chart, Timbercreek Financial ranks #999999 out of 23 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Timbercreek Financial has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Timbercreek Financial's Net Current Asset Value compare to RKT and FNMA?
According to the Banks industry distribution chart, Timbercreek Financial ranks #999999 out of 23 companies for Net Current Asset Value. This places Timbercreek Financial in the lower half of its industry. The industry median Net Current Asset Value is 1.17. 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 Banks company?
The median Net Current Asset Value among Banks companies is 1.17, based on 23 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 Timbercreek Financial and its competitors. For the Banks industry, the median Net Current Asset Value is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Timbercreek Financial's current Net Current Asset Value is $-12.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Timbercreek Financial stock overvalued right now?
Based on GuruFocus' analysis, Timbercreek Financial (TBCRF) is currently considered Fairly Valued. The stock's GF Value™ is $4.58, compared to a current price of $4.58 — trading right at its estimated fair value. The current Net Current Asset Value is $-12.03. Timbercreek Financial's overall GF Score™ is 67/100 with 12 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 Timbercreek Financial (TBCRF), the current Net Current Asset Value is $-12.03 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 Timbercreek Financial (TBCRF) Overvalued in 2026?
Based on GuruFocus' analysis, Timbercreek Financial stock appears to be undervalued.
The current stock price of $4.58 is trading 0% below its estimated GF Value™ of $4.58.
GuruFocus considers Timbercreek Financial to be Fairly Valued.
Key valuation signals for TBCRF:
Net Current Asset Value: $-12.03
GF Value™: $4.58 vs. price of $4.58 (0% below fair value)
No single metric tells the full story. See the TBCRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Timbercreek Financial Corp is a mortgage investment corporation domiciled in Canada. The investment objective of the company is to secure and grow a diversified portfolio of high-quality mortgage and other loan investments, generating an attractive risk adjusted return and monthly dividend payments to shareholders, balanced by a focus on capital preservation. The company is focused on providing financing solutions to qualified real estate investors who require funding and who are generally in a transitional phase of the investment process (such as redevelopment of a property).
67GF Score
Get the complete analysis for TBCRF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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