Australis Oil & GasASX:ATS Net Current Asset Value is A$0.01 as of Dec. 2025, which is 100% below its 10-year median of 7.28. The stock has 3 warning signs investors should review. Among 299 Oil & Gas companies, Australis Oil & Gas ranks better than 79.26% 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).
Australis Oil & Gas's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.01.
The historical rank and industry rank for Australis Oil & Gas's Net Current Asset Value or its related term are showing as below:
ASX:ATS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.5 Med: 7.28 Max: 14
Current: 1.5
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Australis Oil & Gas was 14.00. The lowest was 1.50. And the median was 7.28.
ASX:ATS's Price-to-Net-Current-Asset-Value is ranked better than 79.26% of 299
companies
in the Oil & Gas industry
Industry Median: 4.04
vs ASX:ATS: 1.50
Australis Oil & Gas (ASX:ATS) 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.
Australis Oil & Gas Net Current Asset Value Related Terms
Australis Oil & Gas Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Australis Oil & Gas'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.
ASX:ATS vs COP, EOG, OXY: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, Australis Oil & Gas'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.
Australis Oil & Gas Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Australis Oil & Gas's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Australis Oil & Gas'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 A$0.01 mean?
Australis Oil & Gas (ASX:ATS) has a Net Current Asset Value of A$0.01 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 Australis Oil & Gas and its competitors. This is 100% below median its historical median of 7.28. Over the past decade, Australis Oil & Gas' Net Current Asset Value has ranged from 1.50 to 14.00. According to the industry distribution chart, Australis Oil & Gas ranks #62 out of 299 companies in the Oil & Gas industry, placing it in the top 20.7%.
Is Australis Oil & Gas' Net Current Asset Value too high?
Australis Oil & Gas' current Net Current Asset Value of A$0.01 is 100% below median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 14.00. Based on the distribution chart, Australis Oil & Gas ranks #62 out of 299 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Australis Oil & Gas' Net Current Asset Value compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Australis Oil & Gas ranks #62 out of 299 companies for Net Current Asset Value. This places Australis Oil & Gas in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.04. Historically, Australis Oil & Gas' own Net Current Asset Value has ranged from 1.50 to 14.00 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 4.04, based on 299 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 Australis Oil & Gas and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australis Oil & Gas's current Net Current Asset Value is A$0.01, which is 100% below median its own 10-year median of 7.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australis Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Australis Oil & Gas (ASX:ATS) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.02 — trading 50% above its estimated fair value. The current Net Current Asset Value is A$0.01, which is 100% below median its 10-year median of 7.28. 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 Australis Oil & Gas (ASX:ATS), the current Net Current Asset Value is A$0.01 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.
Australis Oil & Gas Ltd engages in oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The Oil & Gas Production segment earns the majority of revenue. Geographically it operates in United states of America and Australia.
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