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New Concept EnergyGBR -2.92%37 Net Current Asset Value is $0.06 as of Mar. 2026, which is 99% below its 10-year median of 8.03. GuruFocus rates GBR with a GF Score™ of 37/100 and a GF Value™ of $0.97 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 755 Real Estate companies, New Concept Energy ranks worse than 89.54% 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).
New Concept Energy's net current asset value per share for the quarter that ended in Mar. 2026 was $0.06.
The historical rank and industry rank for New Concept Energy's Net Current Asset Value or its related term are showing as below:
GBR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.38 Med: 8.03 Max: 20.05
Current: 11.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of New Concept Energy was 20.05. The lowest was 1.38. And the median was 8.03.
GBR's Price-to-Net-Current-Asset-Value is ranked worse than 89.54% of 755
companies
in the Real Estate industry
Industry Median: 2.06
vs GBR: 11.10
New Concept Energy (AMEX:GBR) 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.
New Concept Energy Net Current Asset Value Related Terms
New Concept Energy Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for New Concept Energy'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.
GBR vs CHGA, LRHC, TNMD: Net Current Asset Value Comparison
For the Real Estate Services subindustry, New Concept Energy'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.
New Concept Energy Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, New Concept Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where New Concept Energy'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 $0.06 mean?
New Concept Energy (GBR) has a Net Current Asset Value of $0.06 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 New Concept Energy and its competitors. This is 99% below median its historical median of 8.03. Over the past decade, New Concept Energy's Net Current Asset Value has ranged from 1.38 to 20.05. According to the industry distribution chart, New Concept Energy ranks #676 out of 755 companies in the Real Estate industry, placing it in the top 89.5%.
Is New Concept Energy's Net Current Asset Value too high?
New Concept Energy's current Net Current Asset Value of $0.06 is 99% below median its 10-year median of 8.03. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 20.05. The Real Estate industry median Net Current Asset Value is 2.06. New Concept Energy's value of $0.06 is 97.1% below this industry median. Based on the distribution chart, New Concept Energy ranks #676 out of 755 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, New Concept Energy has a GF Score™ of 37/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Concept Energy's Net Current Asset Value compare to CHGA and LRHC?
According to the Real Estate industry distribution chart, New Concept Energy ranks #676 out of 755 companies for Net Current Asset Value. This places New Concept Energy in the lower half of its industry. The industry median Net Current Asset Value is 2.06. New Concept Energy's value of $0.06 is 97.1% below this benchmark. Historically, New Concept Energy's own Net Current Asset Value has ranged from 1.38 to 20.05 over the past decade. While the company's 10-year median is 8.03 vs. the industry median of 2.06, New Concept Energy has consistently been below the industry average. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.06, based on 755 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. New Concept Energy's current Net Current Asset Value of $0.06 is 97.1% below the industry median. 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 New Concept Energy and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Concept Energy's current Net Current Asset Value is $0.06, which is 99% below median its own 10-year median of 8.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Concept Energy stock overvalued right now?
Based on GuruFocus' analysis, New Concept Energy (GBR) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.97, compared to a current price of $0.67 — trading 31.3% below its estimated fair value. The current Net Current Asset Value is $0.06, which is 99% below median its 10-year median of 8.03 and 97.1% below the Real Estate industry median of 2.06. New Concept Energy's overall GF Score™ is 37/100 with 1 warning sign 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 New Concept Energy (GBR), the current Net Current Asset Value is $0.06 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 New Concept Energy (GBR) Overvalued in 2026?
Based on GuruFocus' analysis, New Concept Energy stock appears to be undervalued.
The current stock price of $0.67 is trading 31.3% below its estimated GF Value™ of $0.97.
GuruFocus considers New Concept Energy to be Significantly Undervalued.
Key valuation signals for GBR:
Net Current Asset Value: $0.06 (99% below median its 10-year median of 8.03)
GF Value™: $0.97 vs. price of $0.67 (31.3% below fair value)
Industry Position: 97.1% below the Real Estate median (#676 of 755)
No single metric tells the full story. See the GBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Concept Energy Inc is a United States-based company engaged in Real Estate Operations. It intends to continue to operate and or sell its West Virginia property. It provides advisory and management services for an independent West Virginia oil and gas company. The Company seeks to establish or acquire new business operations.
37GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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