Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Equus EnergyASX:EQU +6.15%14 Net Current Asset Value is A$0.07 as of Dec. 2025, which is 100% below its 10-year median of 4.50. GuruFocus rates ASX:EQU with a GF Score™ of 14/100. Among 90 Utilities - Regulated companies, Equus Energy ranks worse than 56.67% 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).
Equus Energy's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.07.
The historical rank and industry rank for Equus Energy's Net Current Asset Value or its related term are showing as below:
ASX:EQU'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.5 Med: 4.5 Max: 4.93
Current: 4.93
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Equus Energy was 4.93. The lowest was 4.50. And the median was 4.50.
ASX:EQU's Price-to-Net-Current-Asset-Value is ranked worse than 56.67% of 90
companies
in the Utilities - Regulated industry
Industry Median: 4.055
vs ASX:EQU: 4.93
Equus Energy (ASX:EQU) 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.
Equus Energy Net Current Asset Value Related Terms
Equus Energy Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Equus Energy'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.
Equus Energy Net Current Asset Value Chart
Equus Energy Annual Data
Trend
Jun23
Jun24
Jun25
Net Current Asset Value
0.00
0.00
0.08
Equus Energy Semi-Annual Data
Jun23
Jun24
Jun25
Dec25
Net Current Asset Value
0.00
0.00
0.08
0.07
ASX:EQU vs ATO, NI, UGI: Net Current Asset Value Comparison
For the Utilities - Regulated Gas subindustry, Equus Energy'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.
Equus Energy Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Equus Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Equus Energy'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$0.07 mean?
Equus Energy (ASX:EQU) has a Net Current Asset Value of A$0.07 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 Equus Energy and its competitors. This is 98% below median its historical median of 4.50. Over the past decade, Equus Energy's Net Current Asset Value has ranged from 4.50 to 4.93. According to the industry distribution chart, Equus Energy ranks #51 out of 90 companies in the Utilities - Regulated industry, placing it in the top 56.7%.
Is Equus Energy's Net Current Asset Value too high?
Equus Energy's current Net Current Asset Value of A$0.07 is 98% below median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 4.93. Based on the distribution chart, Equus Energy ranks #51 out of 90 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Equus Energy has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Equus Energy's Net Current Asset Value compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Equus Energy ranks #51 out of 90 companies for Net Current Asset Value. This places Equus Energy in the lower half of its industry. The industry median Net Current Asset Value is 4.06. Historically, Equus Energy's own Net Current Asset Value has ranged from 4.50 to 4.93 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 Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.06, based on 90 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 Equus Energy and its competitors. For the Utilities - Regulated 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. Equus Energy's current Net Current Asset Value is A$0.07, which is 98% below median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equus Energy stock overvalued right now?
Equus Energy (ASX:EQU) has a current Net Current Asset Value of A$0.07. The current Net Current Asset Value is A$0.07, which is 98% below median its 10-year median of 4.50. Equus Energy's overall GF Score™ is 14/100. 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 Equus Energy (ASX:EQU), the current Net Current Asset Value is A$0.07 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.
Equus Energy Ltd is an Australian energy company focused on developing its owned gas project on the North West Shelf. It is engaged in the exploration of petroleum resources at the Equus Project. The company's wholly owned project, Equus Gas Project, is located in the northern Carnarvon Basin on the North West Shelf of Western Australia. The project is positioned to supply Western Australia's domestic gas market as well as the international LNG market, with potential to utilize existing gas processing capacity.
14GF Score
Get the complete analysis for ASX:EQU
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:EQU has been successfully added to your 
