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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).
Clean Energy Fuels's net current asset value per share for the quarter that ended in Mar. 2026 was €-0.58.
The historical rank and industry rank for Clean Energy Fuels's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Clean Energy Fuels was 63.83. The lowest was 6.05. And the median was 10.49.
HAM:WIQ's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Clean Energy Fuels (HAM:WIQ) 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.
Clean Energy Fuels Net Current Asset Value Related Terms
Clean Energy Fuels Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Clean Energy Fuels'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.
HAM:WIQ vs SGU, FGPR, HEOL: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Clean Energy Fuels'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.
Clean Energy Fuels Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Clean Energy Fuels's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Clean Energy Fuels'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 €-0.58 mean?
Clean Energy Fuels (HAM:WIQ) has a Net Current Asset Value of €-0.58 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 Clean Energy Fuels and its competitors. Over the past decade, Clean Energy Fuels' Net Current Asset Value has ranged from 6.05 to 63.83. According to the industry distribution chart, Clean Energy Fuels ranks #999999 out of 298 companies in the Oil & Gas industry.
Is Clean Energy Fuels' Net Current Asset Value too high?
Clean Energy Fuels' current Net Current Asset Value is €-0.58. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 63.83. Based on the distribution chart, Clean Energy Fuels ranks #999999 out of 298 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Clean Energy Fuels has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Clean Energy Fuels' Net Current Asset Value compare to SGU and FGPR?
According to the Oil & Gas industry distribution chart, Clean Energy Fuels ranks #999999 out of 298 companies for Net Current Asset Value. This places Clean Energy Fuels in the lower half of its industry. The industry median Net Current Asset Value is 3.83. Historically, Clean Energy Fuels' own Net Current Asset Value has ranged from 6.05 to 63.83 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.83, based on 298 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 Clean Energy Fuels and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Energy Fuels's current Net Current Asset Value is €-0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Energy Fuels stock overvalued right now?
Clean Energy Fuels (HAM:WIQ) has a current Net Current Asset Value of €-0.58. The stock's GF Value™ is €2.57, compared to a current price of €2.00 — trading 22.4% below its estimated fair value. The current Net Current Asset Value is €-0.58. Clean Energy Fuels' overall GF Score™ is 65/100 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 Clean Energy Fuels (HAM:WIQ), the current Net Current Asset Value is €-0.58 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 Clean Energy Fuels (HAM:WIQ) Overvalued in 2026?
Based on GuruFocus' analysis, Clean Energy Fuels stock appears to be undervalued.
The current stock price of €2.00 is trading 22.4% below its estimated GF Value™ of €2.57.
Key valuation signals for HAM:WIQ:
Net Current Asset Value: €-0.58
GF Value™: €2.57 vs. price of €2.00 (22.4% below fair value)
No single metric tells the full story. See the HAM:WIQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas and liquefied natural gas for the United States (U.S.) and Canadian transportation markets. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The firm operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. It also builds, operates, and maintains natural gas fueling stations for customers.
65GF Score
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