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.
Ardmore ShippingFRA:A61 -3.88%75 Net Current Asset Value is €1.42 as of Jun. 2026, which is 100% below its 10-year median of 18.61. GuruFocus rates FRA:A61 with a GF Score™ of 75/100 and a GF Value™ of €11.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 360 Transportation companies, Ardmore Shipping ranks worse than 75.56% 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).
Ardmore Shipping's net current asset value per share for the quarter that ended in Jun. 2026 was €1.42.
The historical rank and industry rank for Ardmore Shipping's Net Current Asset Value or its related term are showing as below:
FRA:A61'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.6 Med: 18.61 Max: 86.42
Current: 10.46
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ardmore Shipping was 86.42. The lowest was 8.60. And the median was 18.61.
FRA:A61's Price-to-Net-Current-Asset-Value is ranked worse than 75.56% of 360
companies
in the Transportation industry
Industry Median: 4
vs FRA:A61: 10.46
Ardmore Shipping (FRA:A61) 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.
Ardmore Shipping Net Current Asset Value Related Terms
Ardmore Shipping Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Ardmore Shipping'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.
FRA:A61 vs SB, ESEA, PANL: Net Current Asset Value Comparison
For the Marine Shipping subindustry, Ardmore Shipping'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.
Ardmore Shipping Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Ardmore Shipping's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ardmore Shipping'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 €1.42 mean?
Ardmore Shipping (FRA:A61) has a Net Current Asset Value of €1.42 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Ardmore Shipping and its competitors. This is 92% below median its historical median of 18.61. Over the past decade, Ardmore Shipping's Net Current Asset Value has ranged from 8.60 to 86.42. According to the industry distribution chart, Ardmore Shipping ranks #272 out of 360 companies in the Transportation industry, placing it in the top 75.6%.
Is Ardmore Shipping's Net Current Asset Value too high?
Ardmore Shipping's current Net Current Asset Value of €1.42 is 92% below median its 10-year median of 18.61. Over the past 10 years, this metric has ranged from a low of 8.60 to a high of 86.42. Based on the distribution chart, Ardmore Shipping ranks #272 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's Net Current Asset Value compare to SB and ESEA?
According to the Transportation industry distribution chart, Ardmore Shipping ranks #272 out of 360 companies for Net Current Asset Value. This places Ardmore Shipping in the lower half of its industry. The industry median Net Current Asset Value is 4.00. Historically, Ardmore Shipping's own Net Current Asset Value has ranged from 8.60 to 86.42 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.00, based on 360 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 Ardmore Shipping and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ardmore Shipping's current Net Current Asset Value is €1.42, which is 92% below median its own 10-year median of 18.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (FRA:A61) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.06, compared to a current price of €14.12 — trading 27.7% above its estimated fair value. The current Net Current Asset Value is €1.42, which is 92% below median its 10-year median of 18.61. Ardmore Shipping's overall GF Score™ is 75/100 with 3 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 Ardmore Shipping (FRA:A61), the current Net Current Asset Value is €1.42 as of Jun. 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 Ardmore Shipping (FRA:A61) Overvalued in 2026?
Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued.
The current stock price of €14.12 is trading 27.7% above its estimated GF Value™ of €11.06.
GuruFocus considers Ardmore Shipping to be Modestly Overvalued.
Key valuation signals for FRA:A61:
Net Current Asset Value: €1.42 (92% below median its 10-year median of 18.61)
GF Value™: €11.06 vs. price of €14.12 (27.7% above fair value)
No single metric tells the full story. See the FRA:A61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score
Get the complete analysis for FRA:A61
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
FRA:A61 has been successfully added to your 
