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).
CAS:SNP's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.24 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) 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.
Societe Nationale d'Electrolyse et de Petrochimie Net Current Asset Value Related Terms
Societe Nationale d'Electrolyse et de Petrochimie 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.
Societe Nationale d'Electrolyse et de Petrochimie Net Current Asset Value Chart
Societe Nationale d'Electrolyse et de Petrochimie Annual Data
CAS:SNP vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Societe Nationale d'Electrolyse et de Petrochimie'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.
Societe Nationale d'Electrolyse et de Petrochimie Price-to-Net-Current-Asset-Value vs Chemicals Industry
* 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 MAD-243.72 mean?
Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) has a Net Current Asset Value of MAD-243.72 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 Societe Nationale d'Electrolyse et de Petrochimie and its competitors. Over the past decade, Societe Nationale d'Electrolyse et de Petrochimie's Net Current Asset Value has ranged from 30.99 to 90.21. According to the industry distribution chart, Societe Nationale d'Electrolyse et de Petrochimie ranks #999999 out of 947 companies in the Chemicals industry.
Is Societe Nationale d'Electrolyse et de Petrochimie's Net Current Asset Value too high?
Societe Nationale d'Electrolyse et de Petrochimie's current Net Current Asset Value is MAD-243.72. Over the past 10 years, this metric has ranged from a low of 30.99 to a high of 90.21. Based on the distribution chart, Societe Nationale d'Electrolyse et de Petrochimie ranks #999999 out of 947 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Societe Nationale d'Electrolyse et de Petrochimie has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Societe Nationale d'Electrolyse et de Petrochimie's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Societe Nationale d'Electrolyse et de Petrochimie ranks #999999 out of 947 companies for Net Current Asset Value. This places Societe Nationale d'Electrolyse et de Petrochimie in the lower half of its industry. The industry median Net Current Asset Value is 5.24. Historically, Societe Nationale d'Electrolyse et de Petrochimie's own Net Current Asset Value has ranged from 30.99 to 90.21 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.24, based on 947 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 Societe Nationale d'Electrolyse et de Petrochimie and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Nationale d'Electrolyse et de Petrochimie's current Net Current Asset Value is MAD-243.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Nationale d'Electrolyse et de Petrochimie stock overvalued right now?
Based on GuruFocus' analysis, Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD474.79, compared to a current price of MAD335.00 — trading 29.4% below its estimated fair value. The current Net Current Asset Value is MAD-243.72. Societe Nationale d'Electrolyse et de Petrochimie's overall GF Score™ is 54/100 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 Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP), the current Net Current Asset Value is MAD-243.72 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 Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Nationale d'Electrolyse et de Petrochimie stock appears to be undervalued.
The current stock price of MAD335.00 is trading 29.4% below its estimated GF Value™ of MAD474.79.
GuruFocus considers Societe Nationale d'Electrolyse et de Petrochimie to be Modestly Undervalued.
Key valuation signals for CAS:SNP:
Net Current Asset Value: MAD-243.72
GF Value™: MAD474.79 vs. price of MAD335.00 (29.4% below fair value)
No single metric tells the full story. See the CAS:SNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Societe Nationale d'Electrolyse et de Petrochimie Business Description
Societe Nationale d'Electrolyse et de Petrochimie manufactures vinyl products (PVC and Compound PVC) and products resulting from electrolysis (Soda, Chlorine, Bleach) and Hydrochloric Acid. The company ioffers its products to BTP, Irrigation, Drinking water supply and sanitation, Detergency and domestic and industrial hygiene, Water treatment, and Food industry.
54GF Score
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