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Bolkan Property Instruments REIT-SofiaXBUL:BPI 15 Net Current Asset Value is €1.57 as of Mar. 2026, which is 100% below its 10-year median of 6.69. GuruFocus rates XBUL:BPI with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 26 Insurance companies, Bolkan Property Instruments REIT-Sofia ranks better than 69.23% 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).
XBUL:BPI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.05 Med: 6.69 Max: 28.95
Current: 4.46
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bolkan Property Instruments REIT-Sofia was 28.95. The lowest was 2.05. And the median was 6.69.
XBUL:BPI's Price-to-Net-Current-Asset-Value is ranked better than 69.23% of 26
companies
in the Insurance industry
Industry Median: 6.31
vs XBUL:BPI: 4.46
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) 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.
Bolkan Property Instruments REIT-Sofia Net Current Asset Value Related Terms
Bolkan Property Instruments REIT-Sofia 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.
Bolkan Property Instruments REIT-Sofia Net Current Asset Value Chart
Bolkan Property Instruments REIT-Sofia Annual Data
Trend
Dec23
Dec24
Dec25
Net Current Asset Value
0.38
1.03
1.63
Bolkan Property Instruments REIT-Sofia Quarterly Data
XBUL:BPI vs BRK.A, AIG, HIG: Net Current Asset Value Comparison
For the Insurance - Diversified subindustry, Bolkan Property Instruments REIT-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.
Bolkan Property Instruments REIT-Sofia Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Bolkan Property Instruments REIT-Sofia's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bolkan Property Instruments REIT-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 €1.57 mean?
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) has a Net Current Asset Value of €1.57 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 Bolkan Property Instruments REIT-Sofia and its competitors. This is 77% below median its historical median of 6.69. Over the past decade, Bolkan Property Instruments REIT-Sofia's Net Current Asset Value has ranged from 2.05 to 28.95. According to the industry distribution chart, Bolkan Property Instruments REIT-Sofia ranks #8 out of 26 companies in the Insurance industry, placing it in the top 30.8%.
Is Bolkan Property Instruments REIT-Sofia's Net Current Asset Value too high?
Bolkan Property Instruments REIT-Sofia's current Net Current Asset Value of €1.57 is 77% below median its 10-year median of 6.69. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 28.95. Based on the distribution chart, Bolkan Property Instruments REIT-Sofia ranks #8 out of 26 companies in the Insurance industry, which is above the industry midpoint. Overall, Bolkan Property Instruments REIT-Sofia has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bolkan Property Instruments REIT-Sofia's Net Current Asset Value compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Bolkan Property Instruments REIT-Sofia ranks #8 out of 26 companies for Net Current Asset Value. This puts Bolkan Property Instruments REIT-Sofia in the upper half of its industry. The industry median Net Current Asset Value is 6.31. Historically, Bolkan Property Instruments REIT-Sofia's own Net Current Asset Value has ranged from 2.05 to 28.95 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 an Insurance company?
The median Net Current Asset Value among Insurance companies is 6.31, based on 26 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 Bolkan Property Instruments REIT-Sofia and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bolkan Property Instruments REIT-Sofia's current Net Current Asset Value is €1.57, which is 77% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolkan Property Instruments REIT-Sofia stock overvalued right now?
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) has a current Net Current Asset Value of €1.57. The current Net Current Asset Value is €1.57, which is 77% below median its 10-year median of 6.69. Bolkan Property Instruments REIT-Sofia's overall GF Score™ is 15/100 with 3 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 Bolkan Property Instruments REIT-Sofia (XBUL:BPI), the current Net Current Asset Value is €1.57 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.
Bolkan Property Instruments REIT-Sofia Business Description
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