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.
Transat ATTRZBF 75 Net Current Asset Value is $-40.83 as of Apr. 2026. GuruFocus rates TRZBF with a GF Score™ of 75/100 and a GF Value™ of $1.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 309 Travel & Leisure companies, Transat AT ranks worse than 323624.27% 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).
Transat AT's net current asset value per share for the quarter that ended in Apr. 2026 was $-40.83.
The historical rank and industry rank for Transat AT's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Transat AT was 39.29. The lowest was 1.23. And the median was 2.75.
TRZBF's Price-to-Net-Current-Asset-Value is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.11 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Transat AT (OTCPK:TRZBF) 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.
Transat AT Net Current Asset Value Related Terms
Transat AT Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Transat AT'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.
TRZBF vs BKNG, ABNB, RCL: Net Current Asset Value Comparison
For the Travel Services subindustry, Transat AT'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.
Transat AT Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Transat AT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Transat AT'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 $-40.83 mean?
Transat AT (TRZBF) has a Net Current Asset Value of $-40.83 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Transat AT and its competitors. Over the past decade, Transat AT's Net Current Asset Value has ranged from 1.23 to 39.29. According to the industry distribution chart, Transat AT ranks #999999 out of 309 companies in the Travel & Leisure industry.
Is Transat AT's Net Current Asset Value too high?
Transat AT's current Net Current Asset Value is $-40.83. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 39.29. Based on the distribution chart, Transat AT ranks #999999 out of 309 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Transat AT has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transat AT's Net Current Asset Value compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Transat AT ranks #999999 out of 309 companies for Net Current Asset Value. This places Transat AT in the lower half of its industry. The industry median Net Current Asset Value is 4.11. Historically, Transat AT's own Net Current Asset Value has ranged from 1.23 to 39.29 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.11, based on 309 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 Transat AT and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transat AT's current Net Current Asset Value is $-40.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transat AT stock overvalued right now?
Based on GuruFocus' analysis, Transat AT (TRZBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.94, compared to a current price of $1.67 — trading 13.9% below its estimated fair value. The current Net Current Asset Value is $-40.83. Transat AT's overall GF Score™ is 75/100 with 4 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 Transat AT (TRZBF), the current Net Current Asset Value is $-40.83 as of Apr. 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 Transat AT (TRZBF) Overvalued in 2026?
Based on GuruFocus' analysis, Transat AT stock appears to be undervalued.
The current stock price of $1.67 is trading 13.9% below its estimated GF Value™ of $1.94.
GuruFocus considers Transat AT to be Modestly Undervalued.
Key valuation signals for TRZBF:
Net Current Asset Value: $-40.83
GF Value™: $1.94 vs. price of $1.67 (13.9% below fair value)
No single metric tells the full story. See the TRZBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transat AT Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.
75GF Score
Get the complete analysis for TRZBF
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
TRZBF has been successfully added to your 
