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 Southern Petrochemicals Industries's Net Current Asset Value or its related term are showing as below:
FRA:J28's Price-to-Net-Current-Asset-Value is not ranked *
in the Agriculture industry.
Industry Median: 3.59 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Southern Petrochemicals Industries (FRA:J28) 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.
Southern Petrochemicals Industries Net Current Asset Value Related Terms
Southern Petrochemicals Industries 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.
Southern Petrochemicals Industries Net Current Asset Value Chart
For the Agricultural Inputs subindustry, Southern Petrochemicals Industries'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.
Southern Petrochemicals Industries Price-to-Net-Current-Asset-Value vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Southern Petrochemicals Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Southern Petrochemicals Industries'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 €-0.12 mean?
Southern Petrochemicals Industries (FRA:J28) has a Net Current Asset Value of €-0.12 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 Southern Petrochemicals Industries and its competitors. According to the industry distribution chart, Southern Petrochemicals Industries ranks #999999 out of 162 companies in the Agriculture industry.
Is Southern Petrochemicals Industries' Net Current Asset Value too high?
Southern Petrochemicals Industries' current Net Current Asset Value is €-0.12. Based on the distribution chart, Southern Petrochemicals Industries ranks #999999 out of 162 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Southern Petrochemicals Industries has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Southern Petrochemicals Industries' Net Current Asset Value compare to ?
According to the Agriculture industry distribution chart, Southern Petrochemicals Industries ranks #999999 out of 162 companies for Net Current Asset Value. This places Southern Petrochemicals Industries in the lower half of its industry. The industry median Net Current Asset Value is 3.59. 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 Agriculture company?
The median Net Current Asset Value among Agriculture companies is 3.59, based on 162 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 Southern Petrochemicals Industries and its competitors. For the Agriculture industry, the median Net Current Asset Value is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Petrochemicals Industries's current Net Current Asset Value is €-0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Petrochemicals Industries stock overvalued right now?
Southern Petrochemicals Industries (FRA:J28) has a current Net Current Asset Value of €-0.12. The stock's GF Value™ is €17.75, compared to a current price of €3.20 — trading 82% below its estimated fair value. The current Net Current Asset Value is €-0.12. Southern Petrochemicals Industries' overall GF Score™ is 80/100 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 Southern Petrochemicals Industries (FRA:J28), the current Net Current Asset Value is €-0.12 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 Southern Petrochemicals Industries (FRA:J28) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Petrochemicals Industries stock appears to be undervalued.
The current stock price of €3.20 is trading 82% below its estimated GF Value™ of €17.75.
Key valuation signals for FRA:J28:
Net Current Asset Value: €-0.12
GF Value™: €17.75 vs. price of €3.20 (82% below fair value)
No single metric tells the full story. See the FRA:J28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Petrochemicals Industries Business Description
Southern Petrochemicals Industries Corp Ltd is a manufacturer and seller of nitrogenous and phosphatic fertilizers, including urea and neem-coated urea. The company operates a large fertilizer complex in Tuticorin, Tamil Nadu, capable of producing substantial volumes to support agricultural productivity across India. SPIC also provides secondary and micronutrient fertilizers, organic fertilizers, biopesticides, and plant growth regulators to enrich soil and crop health. Its industrial by-products, such as phosphoric acid and sulfuric acid, serve other sectors like cement and aluminum production. Revenue is majorly generated from the sale of fertilizer products through an extensive dealer network serving rural and farming communities nationwide.
80GF Score
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