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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).
The historical rank and industry rank for Golden Energy Offshore Services ASA's Net Current Asset Value or its related term are showing as below:
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Golden Energy Offshore Services ASA was 3.35. The lowest was 3.35. And the median was 3.35.
GEOUF's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.055 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Golden Energy Offshore Services ASA (OTCPK:GEOUF) 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.
Golden Energy Offshore Services ASA Net Current Asset Value Related Terms
Golden Energy Offshore Services 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.
Golden Energy Offshore Services ASA Net Current Asset Value Chart
Golden Energy Offshore Services ASA Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, Golden Energy Offshore Services 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.
Golden Energy Offshore Services ASA Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Golden Energy Offshore Services ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Golden Energy Offshore Services 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 $-3.93 mean?
Golden Energy Offshore Services ASA (GEOUF) has a Net Current Asset Value of $-3.93 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Golden Energy Offshore Services ASA and its competitors. Over the past decade, Golden Energy Offshore Services ASA's Net Current Asset Value has ranged from 3.35 to 3.35. According to the industry distribution chart, Golden Energy Offshore Services ASA ranks #999999 out of 360 companies in the Transportation industry.
Is Golden Energy Offshore Services ASA's Net Current Asset Value too high?
Golden Energy Offshore Services ASA's current Net Current Asset Value is $-3.93. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 3.35. Based on the distribution chart, Golden Energy Offshore Services ASA ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Golden Energy Offshore Services ASA has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Golden Energy Offshore Services ASA's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, Golden Energy Offshore Services ASA ranks #999999 out of 360 companies for Net Current Asset Value. This places Golden Energy Offshore Services ASA in the lower half of its industry. The industry median Net Current Asset Value is 4.06. Historically, Golden Energy Offshore Services ASA's own Net Current Asset Value has ranged from 3.35 to 3.35 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 4.06, 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 Golden Energy Offshore Services ASA and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Energy Offshore Services ASA's current Net Current Asset Value is $-3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Energy Offshore Services ASA stock overvalued right now?
Based on GuruFocus' analysis, Golden Energy Offshore Services ASA (GEOUF) is currently considered Fairly Valued. The stock's GF Value™ is $1.23, compared to a current price of $1.16 — trading 5.7% below its estimated fair value. The current Net Current Asset Value is $-3.93. Golden Energy Offshore Services ASA's overall GF Score™ is 51/100 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 Golden Energy Offshore Services ASA (GEOUF), the current Net Current Asset Value is $-3.93 as of Dec. 2025. 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 Golden Energy Offshore Services ASA (GEOUF) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Energy Offshore Services ASA stock appears to be undervalued.
The current stock price of $1.16 is trading 5.7% below its estimated GF Value™ of $1.23.
GuruFocus considers Golden Energy Offshore Services ASA to be Fairly Valued.
Key valuation signals for GEOUF:
Net Current Asset Value: $-3.93
GF Value™: $1.23 vs. price of $1.16 (5.7% below fair value)
No single metric tells the full story. See the GEOUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Energy Offshore Services ASA Business Description
Golden Energy Offshore Services ASA is a Norwegian based offshore service company. The company owns, operates and charters out its vessels to serve the offshore industry, including the oil and gas sector, offshore wind, and subsea markets. The principal activity of the company is to own and charter out its offshore vessels to international oil and gas companies. The company's vessels includes Energy Savanah, Energy Pace, Energy Paradise, Energy Swan, Energy Duchess, and others.
51GF Score
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