Vulcan Energy ResourcesASX:VUL -1.97%58 Net Current Asset Value is A$1.58 as of Dec. 2025, which is 100% below its 10-year median of 5.55. GuruFocus rates ASX:VUL with a GF Score™ of 58/100 and a GF Value™ of A$3.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,333 Metals & Mining companies, Vulcan Energy Resources ranks better than 88.67% 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).
Vulcan Energy Resources's net current asset value per share for the quarter that ended in Dec. 2025 was A$1.58.
The historical rank and industry rank for Vulcan Energy Resources's Net Current Asset Value or its related term are showing as below:
ASX:VUL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.63 Med: 5.55 Max: 8.61
Current: 1.89
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vulcan Energy Resources was 8.61. The lowest was 1.63. And the median was 5.55.
ASX:VUL's Price-to-Net-Current-Asset-Value is ranked better than 88.67% of 1333
companies
in the Metals & Mining industry
Industry Median: 6.77
vs ASX:VUL: 1.89
Vulcan Energy Resources (ASX:VUL) 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.
Vulcan Energy Resources Net Current Asset Value Related Terms
Vulcan Energy Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Vulcan Energy Resources'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.
Vulcan Energy Resources Net Current Asset Value Chart
Vulcan Energy Resources Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Vulcan Energy Resources'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.
Vulcan Energy Resources Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vulcan Energy Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vulcan Energy Resources'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$1.58 mean?
Vulcan Energy Resources (ASX:VUL) has a Net Current Asset Value of A$1.58 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 Vulcan Energy Resources and its competitors. This is 72% below median its historical median of 5.55. Over the past decade, Vulcan Energy Resources' Net Current Asset Value has ranged from 1.63 to 8.61. According to the industry distribution chart, Vulcan Energy Resources ranks #151 out of 1333 companies in the Metals & Mining industry, placing it in the top 11.3%.
Is Vulcan Energy Resources' Net Current Asset Value too high?
Vulcan Energy Resources' current Net Current Asset Value of A$1.58 is 72% below median its 10-year median of 5.55. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 8.61. Based on the distribution chart, Vulcan Energy Resources ranks #151 out of 1333 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Vulcan Energy Resources has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Energy Resources' Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, Vulcan Energy Resources ranks #151 out of 1333 companies for Net Current Asset Value. This places Vulcan Energy Resources in the top 11% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.77. Historically, Vulcan Energy Resources' own Net Current Asset Value has ranged from 1.63 to 8.61 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.77, based on 1,333 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 Vulcan Energy Resources and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Energy Resources's current Net Current Asset Value is A$1.58, which is 72% below median its own 10-year median of 5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Energy Resources stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Energy Resources (ASX:VUL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.50, compared to a current price of A$2.99 — trading 14.6% below its estimated fair value. The current Net Current Asset Value is A$1.58, which is 72% below median its 10-year median of 5.55. Vulcan Energy Resources' overall GF Score™ is 58/100 with 2 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 Vulcan Energy Resources (ASX:VUL), the current Net Current Asset Value is A$1.58 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 Vulcan Energy Resources (ASX:VUL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Energy Resources stock appears to be undervalued.
The current stock price of A$2.99 is trading 14.6% below its estimated GF Value™ of A$3.50.
GuruFocus considers Vulcan Energy Resources to be Modestly Undervalued.
Key valuation signals for ASX:VUL:
Net Current Asset Value: A$1.58 (72% below median its 10-year median of 5.55)
GF Value™: A$3.50 vs. price of A$2.99 (14.6% below fair value)
No single metric tells the full story. See the ASX:VUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Energy Resources Ltd is engaged in geothermal energy and lithium exploration and production. The company's Lionheart Project is an integrated lithium and renewable energy project that produces battery-quality lithium from naturally heated subsurface brine in the Upper Rhine Valley, to deliver a local source of sustainable lithium for the European battery industry, with a co-product of renewable energy for local heating needs. It has developed an aluminate-based sorbent, VULSORB, to produce lithium from subsurface brine and harnesses geothermal energy from its operations in the Upper Rhine Valley. The company has three operating segments based on geographical location: Germany, which derives the maximum revenue, other European countries, and Australia.
58GF Score
Get the complete analysis for ASX:VUL
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:VUL has been successfully added to your 
