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.
Rubicon WaterASX:RWL +3.13%16 Net Current Asset Value is A$0.09 as of Jun. 2026. GuruFocus rates ASX:RWL with a GF Score™ of 16/100 and a GF Value™ of A$0.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 96 Utilities - Regulated companies, Rubicon Water ranks better than 80.21% 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).
Rubicon Water's net current asset value per share for the quarter that ended in Jun. 2026 was A$0.09.
The historical rank and industry rank for Rubicon Water's Net Current Asset Value or its related term are showing as below:
ASX:RWL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.7 Med: 2.32 Max: 3.09
Current: 1.83
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rubicon Water was 3.09. The lowest was 0.70. And the median was 2.32.
ASX:RWL's Price-to-Net-Current-Asset-Value is ranked better than 80.21% of 96
companies
in the Utilities - Regulated industry
Industry Median: 4.32
vs ASX:RWL: 1.83
Rubicon Water (ASX:RWL) 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.
Rubicon Water Net Current Asset Value Related Terms
Rubicon Water Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Rubicon Water'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:RWL vs AWK, WTRG, AWR: Net Current Asset Value Comparison
For the Utilities - Regulated Water subindustry, Rubicon Water'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.
Rubicon Water Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rubicon Water's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rubicon Water'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$0.09 mean?
Rubicon Water (ASX:RWL) has a Net Current Asset Value of A$0.09 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Rubicon Water and its competitors. According to the industry distribution chart, Rubicon Water ranks #19 out of 96 companies in the Utilities - Regulated industry, placing it in the top 19.8%.
Is Rubicon Water's Net Current Asset Value too high?
Rubicon Water's current Net Current Asset Value is A$0.09. Based on the distribution chart, Rubicon Water ranks #19 out of 96 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Rubicon Water has a GF Score™ of 16/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rubicon Water's Net Current Asset Value compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Rubicon Water ranks #19 out of 96 companies for Net Current Asset Value. This places Rubicon Water in the top 20% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.32. 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 4.32, based on 96 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 Rubicon Water and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rubicon Water's current Net Current Asset Value is A$0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubicon Water stock overvalued right now?
Based on GuruFocus' analysis, Rubicon Water (ASX:RWL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.22, compared to a current price of A$0.17 — trading 25% below its estimated fair value. The current Net Current Asset Value is A$0.09. Rubicon Water's overall GF Score™ is 16/100 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 Rubicon Water (ASX:RWL), the current Net Current Asset Value is A$0.09 as of Jun. 2026. 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 Rubicon Water (ASX:RWL) Overvalued in 2026?
Based on GuruFocus' analysis, Rubicon Water stock appears to be undervalued.
The current stock price of A$0.17 is trading 25% below its estimated GF Value™ of A$0.22.
GuruFocus considers Rubicon Water to be Modestly Undervalued.
Key valuation signals for ASX:RWL:
Net Current Asset Value: A$0.09
GF Value™: A$0.22 vs. price of A$0.17 (25% below fair value)
No single metric tells the full story. See the ASX:RWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base.
16GF Score
Get the complete analysis for ASX:RWL
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:RWL has been successfully added to your 
