Tel Aviv Stock ExchangeTVAVF 74 Net Current Asset Value is $0.33 as of Mar. 2026, which is 97% below its 10-year median of 11.08. GuruFocus rates TVAVF with a GF Score™ of 74/100 and a GF Value™ of $20.19 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 504 Capital Markets companies, Tel Aviv Stock Exchange ranks worse than 98.21% 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).
Tel Aviv Stock Exchange's net current asset value per share for the quarter that ended in Mar. 2026 was $0.33.
The historical rank and industry rank for Tel Aviv Stock Exchange's Net Current Asset Value or its related term are showing as below:
TVAVF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.8 Med: 11.08 Max: 198.36
Current: 131.49
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tel Aviv Stock Exchange was 198.36. The lowest was 6.80. And the median was 11.08.
TVAVF's Price-to-Net-Current-Asset-Value is ranked worse than 98.21% of 504
companies
in the Capital Markets industry
Industry Median: 2.85
vs TVAVF: 131.49
Tel Aviv Stock Exchange (OTCPK:TVAVF) 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.
Tel Aviv Stock Exchange Net Current Asset Value Related Terms
Tel Aviv Stock Exchange Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Tel Aviv Stock Exchange'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.
Tel Aviv Stock Exchange Net Current Asset Value Chart
TVAVF vs SPGI, CME, MCO: Net Current Asset Value Comparison
For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.
Tel Aviv Stock Exchange Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tel Aviv Stock Exchange'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 $0.33 mean?
Tel Aviv Stock Exchange (TVAVF) has a Net Current Asset Value of $0.33 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 Tel Aviv Stock Exchange and its competitors. This is 97% below median its historical median of 11.08. Over the past decade, Tel Aviv Stock Exchange's Net Current Asset Value has ranged from 6.80 to 198.36. According to the industry distribution chart, Tel Aviv Stock Exchange ranks #495 out of 504 companies in the Capital Markets industry, placing it in the top 98.2%.
Is Tel Aviv Stock Exchange's Net Current Asset Value too high?
Tel Aviv Stock Exchange's current Net Current Asset Value of $0.33 is 97% below median its 10-year median of 11.08. Over the past 10 years, this metric has ranged from a low of 6.80 to a high of 198.36. The Capital Markets industry median Net Current Asset Value is 2.85. Tel Aviv Stock Exchange's value of $0.33 is 88.4% below this industry median. Based on the distribution chart, Tel Aviv Stock Exchange ranks #495 out of 504 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Tel Aviv Stock Exchange has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tel Aviv Stock Exchange's Net Current Asset Value compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Tel Aviv Stock Exchange ranks #495 out of 504 companies for Net Current Asset Value. This places Tel Aviv Stock Exchange in the lower half of its industry. The industry median Net Current Asset Value is 2.85. Tel Aviv Stock Exchange's value of $0.33 is 88.4% below this benchmark. Historically, Tel Aviv Stock Exchange's own Net Current Asset Value has ranged from 6.80 to 198.36 over the past decade. While the company's 10-year median is 11.08 vs. the industry median of 2.85, Tel Aviv Stock Exchange has consistently been below the industry average. 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.85, based on 504 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. Tel Aviv Stock Exchange's current Net Current Asset Value of $0.33 is 88.4% below the industry median. 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 Tel Aviv Stock Exchange and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tel Aviv Stock Exchange's current Net Current Asset Value is $0.33, which is 97% below median its own 10-year median of 11.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tel Aviv Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Tel Aviv Stock Exchange (TVAVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.19, compared to a current price of $44.71 — trading 121.4% above its estimated fair value. The current Net Current Asset Value is $0.33, which is 97% below median its 10-year median of 11.08 and 88.4% below the Capital Markets industry median of 2.85. Tel Aviv Stock Exchange's overall GF Score™ is 74/100 with 1 warning sign 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 Tel Aviv Stock Exchange (TVAVF), the current Net Current Asset Value is $0.33 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 Tel Aviv Stock Exchange (TVAVF) Overvalued in 2026?
Based on GuruFocus' analysis, Tel Aviv Stock Exchange stock appears to be overvalued.
The current stock price of $44.71 is trading 121.4% above its estimated GF Value™ of $20.19.
GuruFocus considers Tel Aviv Stock Exchange to be Significantly Overvalued.
Key valuation signals for TVAVF:
Net Current Asset Value: $0.33 (97% below median its 10-year median of 11.08)
GF Value™: $20.19 vs. price of $44.71 (121.4% above fair value)
Industry Position: 88.4% below the Capital Markets median (#495 of 504)
No single metric tells the full story. See the TVAVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.
74GF Score
Get the complete analysis for TVAVF
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
TVAVF has been successfully added to your 
