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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).
The historical rank and industry rank for Turk Traktor ve Ziraat Makineleri AS'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 Turk Traktor ve Ziraat Makineleri AS was 2643.18. The lowest was 6.21. And the median was 21.48.
TTRKF's Price-to-Net-Current-Asset-Value is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 3.68 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) 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.
Turk Traktor ve Ziraat Makineleri AS Net Current Asset Value Related Terms
Turk Traktor ve Ziraat Makineleri AS 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.
Turk Traktor ve Ziraat Makineleri AS Net Current Asset Value Chart
TTRKF vs CAT, DE, PCAR: Net Current Asset Value Comparison
For the Farm & Heavy Construction Machinery subindustry, Turk Traktor ve Ziraat Makineleri 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.
Turk Traktor ve Ziraat Makineleri AS Price-to-Net-Current-Asset-Value vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Turk Traktor ve Ziraat Makineleri AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Turk Traktor ve Ziraat Makineleri 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 $-0.24 mean?
Turk Traktor ve Ziraat Makineleri AS (TTRKF) has a Net Current Asset Value of $-0.24 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 Turk Traktor ve Ziraat Makineleri AS and its competitors. Over the past decade, Turk Traktor ve Ziraat Makineleri AS's Net Current Asset Value has ranged from 6.21 to 2,643.18. According to the industry distribution chart, Turk Traktor ve Ziraat Makineleri AS ranks #999999 out of 143 companies in the Farm & Heavy Construction Machinery industry.
Is Turk Traktor ve Ziraat Makineleri AS's Net Current Asset Value too high?
Turk Traktor ve Ziraat Makineleri AS's current Net Current Asset Value is $-0.24. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 2,643.18. Based on the distribution chart, Turk Traktor ve Ziraat Makineleri AS ranks #999999 out of 143 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Turk Traktor ve Ziraat Makineleri AS has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Turk Traktor ve Ziraat Makineleri AS's Net Current Asset Value compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Turk Traktor ve Ziraat Makineleri AS ranks #999999 out of 143 companies for Net Current Asset Value. This places Turk Traktor ve Ziraat Makineleri AS in the lower half of its industry. The industry median Net Current Asset Value is 3.68. Historically, Turk Traktor ve Ziraat Makineleri AS's own Net Current Asset Value has ranged from 6.21 to 2,643.18 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 Farm & Heavy Construction Machinery company?
The median Net Current Asset Value among Farm & Heavy Construction Machinery companies is 3.68, based on 143 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 Turk Traktor ve Ziraat Makineleri AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Current Asset Value is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Traktor ve Ziraat Makineleri AS's current Net Current Asset Value is $-0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Traktor ve Ziraat Makineleri AS stock overvalued right now?
Turk Traktor ve Ziraat Makineleri AS (TTRKF) has a current Net Current Asset Value of $-0.24. The stock's GF Value™ is $4.81, compared to a current price of $4.33 — trading 10.1% below its estimated fair value. The current Net Current Asset Value is $-0.24. Turk Traktor ve Ziraat Makineleri AS's overall GF Score™ is 88/100 with 9 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 Turk Traktor ve Ziraat Makineleri AS (TTRKF), the current Net Current Asset Value is $-0.24 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 Turk Traktor ve Ziraat Makineleri AS (TTRKF) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Traktor ve Ziraat Makineleri AS stock appears to be undervalued.
The current stock price of $4.33 is trading 10.1% below its estimated GF Value™ of $4.81.
Key valuation signals for TTRKF:
Net Current Asset Value: $-0.24
GF Value™: $4.81 vs. price of $4.33 (10.1% below fair value)
No single metric tells the full story. See the TTRKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Traktor ve Ziraat Makineleri AS Business Description
Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.
88GF 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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