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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).
Gulf Medical Projects Co PSC's net current asset value per share for the quarter that ended in Dec. 2025 was د.إ0.15.
The historical rank and industry rank for Gulf Medical Projects Co PSC's Net Current Asset Value or its related term are showing as below:
ADX:GMPC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.93 Med: 13.13 Max: 32
Current: 15.4
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Gulf Medical Projects Co PSC was 32.00. The lowest was 12.93. And the median was 13.13.
ADX:GMPC's Price-to-Net-Current-Asset-Value is ranked worse than 78.75% of 273
companies
in the Healthcare Providers & Services industry
Industry Median: 6
vs ADX:GMPC: 15.40
Gulf Medical Projects Co PSC (ADX:GMPC) 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.
Gulf Medical Projects Co PSC Net Current Asset Value Related Terms
Gulf Medical Projects Co PSC 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.
Gulf Medical Projects Co PSC Net Current Asset Value Chart
ADX:GMPC vs HCA, THC, DVA: Net Current Asset Value Comparison
For the Medical Care Facilities subindustry, Gulf Medical Projects Co PSC'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.
Gulf Medical Projects Co PSC Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Gulf Medical Projects Co PSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gulf Medical Projects Co PSC'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.إ0.15 mean?
Gulf Medical Projects Co PSC (ADX:GMPC) has a Net Current Asset Value of د.إ0.15 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 Gulf Medical Projects Co PSC and its competitors. Over the past decade, Gulf Medical Projects Co PSC's Net Current Asset Value has ranged from 12.93 to 32.00. According to the industry distribution chart, Gulf Medical Projects Co PSC ranks #215 out of 273 companies in the Healthcare Providers & Services industry, placing it in the top 78.8%.
Is Gulf Medical Projects Co PSC's Net Current Asset Value too high?
Gulf Medical Projects Co PSC's current Net Current Asset Value is د.إ0.15. Over the past 10 years, this metric has ranged from a low of 12.93 to a high of 32.00. Based on the distribution chart, Gulf Medical Projects Co PSC ranks #215 out of 273 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Gulf Medical Projects Co PSC has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Medical Projects Co PSC's Net Current Asset Value compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Gulf Medical Projects Co PSC ranks #215 out of 273 companies for Net Current Asset Value. This places Gulf Medical Projects Co PSC in the lower half of its industry. The industry median Net Current Asset Value is 6.00. Historically, Gulf Medical Projects Co PSC's own Net Current Asset Value has ranged from 12.93 to 32.00 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 6.00, based on 273 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 Gulf Medical Projects Co PSC and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Medical Projects Co PSC's current Net Current Asset Value is د.إ0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Medical Projects Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Medical Projects Co PSC (ADX:GMPC) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.79, compared to a current price of د.إ2.31 — trading 17.2% below its estimated fair value. The current Net Current Asset Value is د.إ0.15. Gulf Medical Projects Co PSC's overall GF Score™ is 69/100 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 Gulf Medical Projects Co PSC (ADX:GMPC), the current Net Current Asset Value is د.إ0.15 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 Gulf Medical Projects Co PSC (ADX:GMPC) Overvalued in 2026?
Based on GuruFocus' analysis, Gulf Medical Projects Co PSC stock appears to be undervalued.
The current stock price of د.إ2.31 is trading 17.2% below its estimated GF Value™ of د.إ2.79.
GuruFocus considers Gulf Medical Projects Co PSC to be Modestly Undervalued.
Key valuation signals for ADX:GMPC:
Net Current Asset Value: د.إ0.15
GF Value™: د.إ2.79 vs. price of د.إ2.31 (17.2% below fair value)
No single metric tells the full story. See the ADX:GMPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gulf Medical Projects Co PSC provides medical and healthcare facilities. The company's main activities include general hospital, hospitals management, construction of medicine product factories and trading in medical equipment. Company has two reportable segments namely, Health services and others principally providing health, medical care and other related services and the Investments segment concerned with investment properties and investment in securities. Geographically, the company operates in the UAE market.
69GF Score
Get the complete analysis for ADX:GMPC
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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