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Rank ProgressWAR:RNK +0.20%73 Net Current Asset Value is zł-4.32 as of Mar. 2026. GuruFocus rates WAR:RNK with a GF Score™ of 73/100 and a GF Value™ of zł2.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 756 Real Estate companies, Rank Progress ranks worse than 132275% 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).
Rank Progress's net current asset value per share for the quarter that ended in Mar. 2026 was zł-4.32.
The historical rank and industry rank for Rank Progress's Net Current Asset Value or its related term are showing as below:
WAR:RNK's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.165 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Rank Progress (WAR:RNK) 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.
Rank Progress Net Current Asset Value Related Terms
Rank Progress Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Rank Progress'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.
WAR:RNK vs JOE: Net Current Asset Value Comparison
For the Real Estate - Diversified subindustry, Rank Progress'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.
Rank Progress Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Rank Progress's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rank Progress'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 zł-4.32 mean?
Rank Progress (WAR:RNK) has a Net Current Asset Value of zł-4.32 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 Rank Progress and its competitors. According to the industry distribution chart, Rank Progress ranks #999999 out of 756 companies in the Real Estate industry.
Is Rank Progress' Net Current Asset Value too high?
Rank Progress' current Net Current Asset Value is zł-4.32. Based on the distribution chart, Rank Progress ranks #999999 out of 756 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Rank Progress has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rank Progress' Net Current Asset Value compare to JOE?
According to the Real Estate industry distribution chart, Rank Progress ranks #999999 out of 756 companies for Net Current Asset Value. This places Rank Progress in the lower half of its industry. The industry median Net Current Asset Value is 2.17. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.17, based on 756 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 Rank Progress and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rank Progress's current Net Current Asset Value is zł-4.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rank Progress stock overvalued right now?
Based on GuruFocus' analysis, Rank Progress (WAR:RNK) is currently considered Significantly Overvalued. The stock's GF Value™ is zł2.87, compared to a current price of zł4.90 — trading 70.6% above its estimated fair value. The current Net Current Asset Value is zł-4.32. Rank Progress' overall GF Score™ is 73/100 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 Rank Progress (WAR:RNK), the current Net Current Asset Value is zł-4.32 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 Rank Progress (WAR:RNK) Overvalued in 2026?
Based on GuruFocus' analysis, Rank Progress stock appears to be overvalued.
The current stock price of zł4.90 is trading 70.6% above its estimated GF Value™ of zł2.87.
GuruFocus considers Rank Progress to be Significantly Overvalued.
Key valuation signals for WAR:RNK:
Net Current Asset Value: zł-4.32
GF Value™: zł2.87 vs. price of zł4.90 (70.6% above fair value)
No single metric tells the full story. See the WAR:RNK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rank Progress SA is a Poland-based company engaged in property investment and development. It is engaged in renting and operating of own or leased real property, buying and selling of own real property and constructing its own projects. The company's business model is based on the purchase of real estate, land integration, administrative preparation for development, construction works, and management or sale of a property. The company is also engaged in providing rental space to shopping centers in the main cities across Poland.
73GF Score
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