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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).
Aker Horizons ASA's net current asset value per share for the quarter that ended in Jun. 2025 was kr1.16.
The historical rank and industry rank for Aker Horizons ASA's Net Current Asset Value or its related term are showing as below:
CHIX:AKHo'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.01 Med: 0.45 Max: 0.45
Current: 0.01
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aker Horizons ASA was 0.45. The lowest was 0.01. And the median was 0.45.
CHIX:AKHo's Price-to-Net-Current-Asset-Value is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 4.795
vs CHIX:AKHo: 0.01
Aker Horizons ASA (CHIX:AKHo) 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.
Aker Horizons ASA Net Current Asset Value Related Terms
Aker Horizons ASA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Aker Horizons ASA'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.
Aker Horizons ASA Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Aker Horizons ASA'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.
Aker Horizons ASA Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Aker Horizons ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aker Horizons ASA'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 kr1.16 mean?
Aker Horizons ASA (CHIX:AKHO) has a Net Current Asset Value of kr1.16 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Aker Horizons ASA and its competitors. This is 158% above median its historical median of 0.45. Over the past decade, Aker Horizons ASA's Net Current Asset Value has ranged from 0.01 to 0.45.
Is Aker Horizons ASA's Net Current Asset Value too high?
Aker Horizons ASA's current Net Current Asset Value of kr1.16 is 158% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.45. Overall, Aker Horizons ASA has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Aker Horizons ASA's Net Current Asset Value compare to competitors?
Aker Horizons ASA's Net Current Asset Value of kr1.16 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Net Current Asset Value is 4.80. Historically, Aker Horizons ASA's own Net Current Asset Value has ranged from 0.01 to 0.45 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 - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.80, based on 106 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 Aker Horizons ASA and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aker Horizons ASA's current Net Current Asset Value is kr1.16, which is 158% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aker Horizons ASA stock overvalued right now?
Aker Horizons ASA (CHIX:AKHO) has a current Net Current Asset Value of kr1.16. The stock's GF Value™ is kr238.32, compared to a current price of kr1.49 — trading 99.4% below its estimated fair value. The current Net Current Asset Value is kr1.16, which is 158% above median its 10-year median of 0.45. Aker Horizons ASA's overall GF Score™ is 36/100 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 Aker Horizons ASA (CHIX:AKHO), the current Net Current Asset Value is kr1.16 as of Jun. 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 Aker Horizons ASA (CHIX:AKHO) Overvalued in 2026?
Based on GuruFocus' analysis, Aker Horizons ASA stock appears to be undervalued.
The current stock price of kr1.49 is trading 99.4% below its estimated GF Value™ of kr238.32.
Key valuation signals for CHIX:AKHO:
Net Current Asset Value: kr1.16 (158% above median its 10-year median of 0.45)
GF Value™: kr238.32 vs. price of kr1.49 (99.4% below fair value)
No single metric tells the full story. See the CHIX:AKHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others. Company operates in Australia, Norway, USA, Korea, Ireland, Chile, South Africa, Indonesia, Colombia, Uk, Germany, and other.
36GF Score
Get the complete analysis for CHIX:AKHO
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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