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).
Cloudberry Clean Energy ASA's net current asset value per share for the quarter that ended in Mar. 2026 was kr-11.38.
The historical rank and industry rank for Cloudberry Clean Energy ASA's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cloudberry Clean Energy ASA was 8.17. The lowest was 2.40. And the median was 4.12.
CHIX:CLOUDo's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.165 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.
Cloudberry Clean Energy ASA Net Current Asset Value Related Terms
Cloudberry Clean Energy ASA 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.
Cloudberry Clean Energy ASA Net Current Asset Value Chart
Cloudberry Clean Energy ASA Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Cloudberry Clean Energy 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.
Cloudberry Clean Energy ASA Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cloudberry Clean Energy 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 kr-11.38 mean?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a Net Current Asset Value of kr-11.38 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 Cloudberry Clean Energy ASA and its competitors. Over the past decade, Cloudberry Clean Energy ASA's Net Current Asset Value has ranged from 2.40 to 8.17. According to the industry distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 104 companies in the Utilities - Independent Power Producers industry.
Is Cloudberry Clean Energy ASA's Net Current Asset Value too high?
Cloudberry Clean Energy ASA's current Net Current Asset Value is kr-11.38. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 8.17. Based on the distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 104 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Cloudberry Clean Energy ASA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Cloudberry Clean Energy ASA's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 104 companies for Net Current Asset Value. This places Cloudberry Clean Energy ASA in the lower half of its industry. The industry median Net Current Asset Value is 5.17. Historically, Cloudberry Clean Energy ASA's own Net Current Asset Value has ranged from 2.40 to 8.17 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.17, based on 104 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 Cloudberry Clean Energy ASA and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudberry Clean Energy ASA's current Net Current Asset Value is kr-11.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudberry Clean Energy ASA stock overvalued right now?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a current Net Current Asset Value of kr-11.38. The stock's GF Value™ is kr17.62, compared to a current price of kr11.92 — trading 32.3% below its estimated fair value. The current Net Current Asset Value is kr-11.38. Cloudberry Clean Energy ASA's overall GF Score™ is 76/100 with 6 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 Cloudberry Clean Energy ASA (CHIX:CLOUDO), the current Net Current Asset Value is kr-11.38 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 Cloudberry Clean Energy ASA (CHIX:CLOUDO) Overvalued in 2026?
Based on GuruFocus' analysis, Cloudberry Clean Energy ASA stock appears to be undervalued.
The current stock price of kr11.92 is trading 32.3% below its estimated GF Value™ of kr17.62.
Key valuation signals for CHIX:CLOUDO:
Net Current Asset Value: kr-11.38
GF Value™: kr17.62 vs. price of kr11.92 (32.3% below fair value)
No single metric tells the full story. See the CHIX:CLOUDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloudberry Clean Energy ASA is an independent power producer, developing, owning and operating renewable assets in the Nordics. The company is focused on developing, owning, and operating hydropower plants, wind farms, BESS and solar plants across Norway, Sweden, and Denmark. The company has four segments: Projects, Commercial, Asset Management and Corporate. The majority of revenue is derived from the Commercial segment, which owns and manages renewable power assets with long-term cash flows in the Nordics. Geographically, it generates the maximum revenue from Denmark, followed by Norway and Sweden.
76GF Score
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