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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).
High Arctic Overseas Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was €1.16.
The historical rank and industry rank for High Arctic Overseas Holdings's Net Current Asset Value or its related term are showing as below:
FRA:J5N'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.47 Med: 0.56 Max: 1.16
Current: 1.13
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of High Arctic Overseas Holdings was 1.16. The lowest was 0.47. And the median was 0.56.
FRA:J5N's Price-to-Net-Current-Asset-Value is ranked better than 87.91% of 306
companies
in the Oil & Gas industry
Industry Median: 3.96
vs FRA:J5N: 1.13
High Arctic Overseas Holdings (FRA:J5N) 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.
High Arctic Overseas Holdings Net Current Asset Value Related Terms
High Arctic Overseas Holdings 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.
High Arctic Overseas Holdings Net Current Asset Value Chart
FRA:J5N vs SLB, BKR, FTI: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, High Arctic Overseas Holdings'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.
High Arctic Overseas Holdings Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, High Arctic Overseas Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where High Arctic Overseas Holdings'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 €1.16 mean?
High Arctic Overseas Holdings (FRA:J5N) has a Net Current Asset Value of €1.16 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 High Arctic Overseas Holdings and its competitors. According to the industry distribution chart, High Arctic Overseas Holdings ranks #37 out of 306 companies in the Oil & Gas industry, placing it in the top 12.1%.
Is High Arctic Overseas Holdings' Net Current Asset Value too high?
High Arctic Overseas Holdings' current Net Current Asset Value is €1.16. Based on the distribution chart, High Arctic Overseas Holdings ranks #37 out of 306 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, High Arctic Overseas Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does High Arctic Overseas Holdings' Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, High Arctic Overseas Holdings ranks #37 out of 306 companies for Net Current Asset Value. This places High Arctic Overseas Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.96. 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.96, based on 306 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 High Arctic Overseas Holdings and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Arctic Overseas Holdings's current Net Current Asset Value is €1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Overseas Holdings stock overvalued right now?
High Arctic Overseas Holdings (FRA:J5N) has a current Net Current Asset Value of €1.16. The current Net Current Asset Value is €1.16. High Arctic Overseas Holdings' overall GF Score™ is 16/100 with 7 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 High Arctic Overseas Holdings (FRA:J5N), the current Net Current Asset Value is €1.16 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.
High Arctic Overseas Holdings Corp is engaged in contract drilling, equipment rentals and other oilfield services to the oil and natural gas industry in Papua New Guinea (PNG) through a subsidiary in Singapore, two subsidiaries in PNG and a subsidiary in Australia. The company generates the majority of its revenue from Service revenue and derives a smaller proportion of its revenue from Equipment rental revenue.
16GF Score
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