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).
XPAR:ALTPC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.1 Med: 26.15 Max: 50.71
Current: 42.5
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ste Marseillaise du Tunnel Prado Carenage was 50.71. The lowest was 4.10. And the median was 26.15.
XPAR:ALTPC's Price-to-Net-Current-Asset-Value is ranked worse than 94.99% of 1057
companies
in the Construction industry
Industry Median: 3.22
vs XPAR:ALTPC: 42.50
Ste Marseillaise du Tunnel Prado Carenage (XPAR:ALTPC) 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.
Ste Marseillaise du Tunnel Prado Carenage Net Current Asset Value Related Terms
Ste Marseillaise du Tunnel Prado Carenage 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.
Ste Marseillaise du Tunnel Prado Carenage Net Current Asset Value Chart
Ste Marseillaise du Tunnel Prado Carenage Annual Data
Ste Marseillaise du Tunnel Prado Carenage Net Current Asset Value Competitor Comparison
For the Infrastructure Operations subindustry, Ste Marseillaise du Tunnel Prado Carenage'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.
Ste Marseillaise du Tunnel Prado Carenage Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Ste Marseillaise du Tunnel Prado Carenage's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ste Marseillaise du Tunnel Prado Carenage'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 €0.64 mean?
Ste Marseillaise du Tunnel Prado Carenage (XPAR:ALTPC) has a Net Current Asset Value of €0.64 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Ste Marseillaise du Tunnel Prado Carenage and its competitors. This is 98% below median its historical median of 26.15. Over the past decade, Ste Marseillaise du Tunnel Prado Carenage's Net Current Asset Value has ranged from 4.10 to 50.71. According to the industry distribution chart, Ste Marseillaise du Tunnel Prado Carenage ranks #1004 out of 1057 companies in the Construction industry, placing it in the top 95%.
Is Ste Marseillaise du Tunnel Prado Carenage's Net Current Asset Value too high?
Ste Marseillaise du Tunnel Prado Carenage's current Net Current Asset Value of €0.64 is 98% below median its 10-year median of 26.15. Over the past 10 years, this metric has ranged from a low of 4.10 to a high of 50.71. Based on the distribution chart, Ste Marseillaise du Tunnel Prado Carenage ranks #1004 out of 1057 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ste Marseillaise du Tunnel Prado Carenage has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ste Marseillaise du Tunnel Prado Carenage's Net Current Asset Value compare to competitors?
According to the Construction industry distribution chart, Ste Marseillaise du Tunnel Prado Carenage ranks #1004 out of 1057 companies for Net Current Asset Value. This places Ste Marseillaise du Tunnel Prado Carenage in the lower half of its industry. The industry median Net Current Asset Value is 3.22. Historically, Ste Marseillaise du Tunnel Prado Carenage's own Net Current Asset Value has ranged from 4.10 to 50.71 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.22, based on 1,057 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 Ste Marseillaise du Tunnel Prado Carenage and its competitors. For the Construction industry, the median Net Current Asset Value is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ste Marseillaise du Tunnel Prado Carenage's current Net Current Asset Value is €0.64, which is 98% below median its own 10-year median of 26.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ste Marseillaise du Tunnel Prado Carenage stock overvalued right now?
Based on GuruFocus' analysis, Ste Marseillaise du Tunnel Prado Carenage (XPAR:ALTPC) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.16, compared to a current price of €27.20 — trading 9.8% below its estimated fair value. The current Net Current Asset Value is €0.64, which is 98% below median its 10-year median of 26.15. Ste Marseillaise du Tunnel Prado Carenage's overall GF Score™ is 88/100 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 Ste Marseillaise du Tunnel Prado Carenage (XPAR:ALTPC), the current Net Current Asset Value is €0.64 as of Dec. 2025. 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 Ste Marseillaise du Tunnel Prado Carenage (XPAR:ALTPC) Overvalued in 2026?
Based on GuruFocus' analysis, Ste Marseillaise du Tunnel Prado Carenage stock appears to be undervalued.
The current stock price of €27.20 is trading 9.8% below its estimated GF Value™ of €30.16.
GuruFocus considers Ste Marseillaise du Tunnel Prado Carenage to be Modestly Undervalued.
Key valuation signals for XPAR:ALTPC:
Net Current Asset Value: €0.64 (98% below median its 10-year median of 26.15)
GF Value™: €30.16 vs. price of €27.20 (9.8% below fair value)
No single metric tells the full story. See the XPAR:ALTPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ste Marseillaise du Tunnel Prado Carenage Business Description
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