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.
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).
The historical rank and industry rank for Transportadora de Gas del Norte's Net Current Asset Value or its related term are showing as below:
BUE:TGNO1'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.65 Med: 9.46 Max: 30.17
Current: 5.41
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Transportadora de Gas del Norte was 30.17. The lowest was 4.65. And the median was 9.46.
BUE:TGNO1's Price-to-Net-Current-Asset-Value is ranked worse than 56.52% of 299
companies
in the Oil & Gas industry
Industry Median: 3.93
vs BUE:TGNO1: 5.41
Transportadora de Gas del Norte (BUE:TGNO1) 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.
Transportadora de Gas del Norte Net Current Asset Value Related Terms
Transportadora de Gas del Norte 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.
Transportadora de Gas del Norte Net Current Asset Value Chart
BUE:TGNO1 vs WMB, EPD, KMI: Net Current Asset Value Comparison
For the Oil & Gas Midstream subindustry, Transportadora de Gas del Norte'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.
Transportadora de Gas del Norte Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Transportadora de Gas del Norte's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Transportadora de Gas del Norte'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 ARS776.67 mean?
Transportadora de Gas del Norte (BUE:TGNO1) has a Net Current Asset Value of ARS776.67 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Transportadora de Gas del Norte and its competitors. This is 8110% above median its historical median of 9.46. Over the past decade, Transportadora de Gas del Norte's Net Current Asset Value has ranged from 4.65 to 30.17. According to the industry distribution chart, Transportadora de Gas del Norte ranks #169 out of 299 companies in the Oil & Gas industry, placing it in the top 56.5%.
Is Transportadora de Gas del Norte's Net Current Asset Value too high?
Transportadora de Gas del Norte's current Net Current Asset Value of ARS776.67 is 8110% above median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 30.17. Based on the distribution chart, Transportadora de Gas del Norte ranks #169 out of 299 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Transportadora de Gas del Norte has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Transportadora de Gas del Norte's Net Current Asset Value compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Transportadora de Gas del Norte ranks #169 out of 299 companies for Net Current Asset Value. This places Transportadora de Gas del Norte in the lower half of its industry. The industry median Net Current Asset Value is 3.93. Historically, Transportadora de Gas del Norte's own Net Current Asset Value has ranged from 4.65 to 30.17 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 3.93, 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 Transportadora de Gas del Norte and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transportadora de Gas del Norte's current Net Current Asset Value is ARS776.67, which is 8110% above median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transportadora de Gas del Norte stock overvalued right now?
Transportadora de Gas del Norte (BUE:TGNO1) has a current Net Current Asset Value of ARS776.67. The stock's GF Value™ is ARS3.01, compared to a current price of ARS2.65 — trading 12% below its estimated fair value. The current Net Current Asset Value is ARS776.67, which is 8110% above median its 10-year median of 9.46. Transportadora de Gas del Norte's overall GF Score™ is 82/100 with 4 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 Transportadora de Gas del Norte (BUE:TGNO1), the current Net Current Asset Value is ARS776.67 as of Mar. 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 Transportadora de Gas del Norte (BUE:TGNO1) Overvalued in 2026?
Based on GuruFocus' analysis, Transportadora de Gas del Norte stock appears to be undervalued.
The current stock price of ARS2.65 is trading 12% below its estimated GF Value™ of ARS3.01.
Key valuation signals for BUE:TGNO1:
Net Current Asset Value: ARS776.67 (8110% above median its 10-year median of 9.46)
GF Value™: ARS3.01 vs. price of ARS2.65 (12% below fair value)
No single metric tells the full story. See the BUE:TGNO1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transportadora de Gas del Norte Business Description
Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance, and technical assistance of third-party pipelines.
82GF Score
Get the complete analysis for BUE:TGNO1
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
BUE:TGNO1 has been successfully added to your 
