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).
ADX:ASM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.16 Med: 1.57 Max: 1.6
Current: 1.16
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Al Seer Marine Supplies & Equipment PJSC was 1.60. The lowest was 1.16. And the median was 1.57.
ADX:ASM's Price-to-Net-Current-Asset-Value is ranked better than 87.43% of 358
companies
in the Transportation industry
Industry Median: 4.055
vs ADX:ASM: 1.16
Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.
Al Seer Marine Supplies & Equipment PJSC Net Current Asset Value Related Terms
Al Seer Marine Supplies & Equipment PJSC 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.
Al Seer Marine Supplies & Equipment PJSC Net Current Asset Value Chart
Al Seer Marine Supplies & Equipment PJSC Annual Data
ADX:ASM vs KEX: Net Current Asset Value Comparison
For the Marine Shipping subindustry, Al Seer Marine Supplies & Equipment PJSC'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.
Al Seer Marine Supplies & Equipment PJSC Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Al Seer Marine Supplies & Equipment PJSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Al Seer Marine Supplies & Equipment PJSC'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 د.إ1.77 mean?
Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) has a Net Current Asset Value of د.إ1.77 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 Al Seer Marine Supplies & Equipment PJSC and its competitors. This is 94% below median its historical median of 1.57. Over the past decade, Al Seer Marine Supplies & Equipment PJSC's Net Current Asset Value has ranged from 1.16 to 1.60. According to the industry distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #45 out of 358 companies in the Transportation industry, placing it in the top 12.6%.
Is Al Seer Marine Supplies & Equipment PJSC's Net Current Asset Value too high?
Al Seer Marine Supplies & Equipment PJSC's current Net Current Asset Value of د.إ1.77 is 94% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 1.60. Based on the distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #45 out of 358 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Al Seer Marine Supplies & Equipment PJSC has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Al Seer Marine Supplies & Equipment PJSC's Net Current Asset Value compare to KEX?
According to the Transportation industry distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #45 out of 358 companies for Net Current Asset Value. This places Al Seer Marine Supplies & Equipment PJSC in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.06. Historically, Al Seer Marine Supplies & Equipment PJSC's own Net Current Asset Value has ranged from 1.16 to 1.60 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.06, based on 358 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 Al Seer Marine Supplies & Equipment PJSC and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Seer Marine Supplies & Equipment PJSC's current Net Current Asset Value is د.إ1.77, which is 94% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Seer Marine Supplies & Equipment PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) is currently considered Possible Value Trap. The stock's GF Value™ is د.إ4.58, compared to a current price of د.إ2.05 — trading 55.2% below its estimated fair value. The current Net Current Asset Value is د.إ1.77, which is 94% below median its 10-year median of 1.57. Al Seer Marine Supplies & Equipment PJSC's overall GF Score™ is 68/100 with 5 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 Al Seer Marine Supplies & Equipment PJSC (ADX:ASM), the current Net Current Asset Value is د.إ1.77 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 Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC stock appears to be undervalued.
The current stock price of د.إ2.05 is trading 55.2% below its estimated GF Value™ of د.إ4.58.
GuruFocus considers Al Seer Marine Supplies & Equipment PJSC to be Possible Value Trap.
Key valuation signals for ADX:ASM:
Net Current Asset Value: د.إ1.77 (94% below median its 10-year median of 1.57)
GF Value™: د.إ4.58 vs. price of د.إ2.05 (55.2% below fair value)
No single metric tells the full story. See the ADX:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Seer Marine Supplies & Equipment PJSC Business Description
Al Seer Marine Supplies & Equipment PJSC is a maritime organization. Its service portfolio includes commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities. The company has three segments, namely commercial shipping (commercial shipping, cargo, trade and maritime assets), yachting (management, maintenance, crewing and operations), IDT (3D printing, maintenance services, training, unmanned systems and capability development, construction & manufacturing new builds, boat building, ship building, naval architecture and engineering) and defense & security consultancy, unmanned systems, through life support and training). The majority of the company's revenue is derived from the Commercial shipping segment.
68GF Score
Get the complete analysis for ADX:ASM
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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