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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).
235 Holdings AD-Sofia's net current asset value per share for the quarter that ended in Mar. 2026 was €0.31.
The historical rank and industry rank for 235 Holdings AD-Sofia's Net Current Asset Value or its related term are showing as below:
XBUL:235H'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 63.95 Med: 131.83 Max: 156.77
Current: 80.65
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of 235 Holdings AD-Sofia was 156.77. The lowest was 63.95. And the median was 131.83.
XBUL:235H's Price-to-Net-Current-Asset-Value is not ranked
in the Real Estate industry.
Industry Median: 2.18
vs XBUL:235H: 80.65
235 Holdings AD-Sofia (XBUL:235H) 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.
235 Holdings AD-Sofia Net Current Asset Value Related Terms
235 Holdings AD-Sofia Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for 235 Holdings AD-Sofia'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.
235 Holdings AD-Sofia Net Current Asset Value Chart
XBUL:235H vs CBRE, BEKE, JLL: Net Current Asset Value Comparison
For the Real Estate Services subindustry, 235 Holdings AD-Sofia'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.
235 Holdings AD-Sofia Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, 235 Holdings AD-Sofia's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where 235 Holdings AD-Sofia'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 €0.31 mean?
235 Holdings AD-Sofia (XBUL:235H) has a Net Current Asset Value of €0.31 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 235 Holdings AD-Sofia and its competitors. This is 100% below median its historical median of 131.83. Over the past decade, 235 Holdings AD-Sofia's Net Current Asset Value has ranged from 63.95 to 156.77.
Is 235 Holdings AD-Sofia's Net Current Asset Value too high?
235 Holdings AD-Sofia's current Net Current Asset Value of €0.31 is 100% below median its 10-year median of 131.83. Over the past 10 years, this metric has ranged from a low of 63.95 to a high of 156.77. Overall, 235 Holdings AD-Sofia has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does 235 Holdings AD-Sofia's Net Current Asset Value compare to CBRE and BEKE?
235 Holdings AD-Sofia's Net Current Asset Value of €0.31 can be compared against companies in the Real Estate industry. The industry median Net Current Asset Value is 2.18. Historically, 235 Holdings AD-Sofia's own Net Current Asset Value has ranged from 63.95 to 156.77 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.18, based on 761 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 235 Holdings AD-Sofia and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 235 Holdings AD-Sofia's current Net Current Asset Value is €0.31, which is 100% below median its own 10-year median of 131.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 235 Holdings AD-Sofia stock overvalued right now?
235 Holdings AD-Sofia (XBUL:235H) has a current Net Current Asset Value of €0.31. The current Net Current Asset Value is €0.31, which is 100% below median its 10-year median of 131.83. 235 Holdings AD-Sofia's overall GF Score™ is 19/100 with 2 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 235 Holdings AD-Sofia (XBUL:235H), the current Net Current Asset Value is €0.31 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.
235 Holdings AD-Sofia is a Bulgarian based company operate as a real estate service provider. The company is principally engaged in providing property investments and management services.
19GF Score
Get the complete analysis for XBUL:235H
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