High Arctic Energy ServicesHGHAF -5.15%37 Net Current Asset Value is $0.06 as of Mar. 2026, which is 98% below its 10-year median of 3.71. GuruFocus rates HGHAF with a GF Scoreâ„¢ of 37/100 and a GF Valueâ„¢ of $0.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 297 Oil & Gas companies, High Arctic Energy Services ranks worse than 72.73% 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).
High Arctic Energy Services'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 High Arctic Energy Services's Net Current Asset Value or its related term are showing as below:
HGHAF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.81 Med: 3.71 Max: 136.52
Current: 10.75
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of High Arctic Energy Services was 136.52. The lowest was 0.81. And the median was 3.71.
HGHAF's Price-to-Net-Current-Asset-Value is ranked worse than 72.73% of 297
companies
in the Oil & Gas industry
Industry Median: 3.82
vs HGHAF: 10.75
High Arctic Energy Services (OTCPK:HGHAF) 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 GrahamÂ’s 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 Energy Services Net Current Asset Value Related Terms
High Arctic Energy Services 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 Energy Services Net Current Asset Value Chart
HGHAF vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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 Energy Services Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, High Arctic Energy Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where High Arctic Energy Services'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?
High Arctic Energy Services (HGHAF) 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 High Arctic Energy Services and its competitors. This is 98% below median its historical median of 3.71. Over the past decade, High Arctic Energy Services' Net Current Asset Value has ranged from 0.81 to 136.52. According to the industry distribution chart, High Arctic Energy Services ranks #216 out of 297 companies in the Oil & Gas industry, placing it in the top 72.7%.
Is High Arctic Energy Services' Net Current Asset Value too high?
High Arctic Energy Services' current Net Current Asset Value of $0.06 is 98% below median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 136.52. The Oil & Gas industry median Net Current Asset Value is 3.82. High Arctic Energy Services' value of $0.06 is 98.4% below this industry median. Based on the distribution chart, High Arctic Energy Services ranks #216 out of 297 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, High Arctic Energy Services has a GF Scoreâ„¢ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Arctic Energy Services' Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, High Arctic Energy Services ranks #216 out of 297 companies for Net Current Asset Value. This places High Arctic Energy Services in the lower half of its industry. The industry median Net Current Asset Value is 3.82. High Arctic Energy Services' value of $0.06 is 98.4% below this benchmark. Historically, High Arctic Energy Services' own Net Current Asset Value has ranged from 0.81 to 136.52 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 3.82, High Arctic Energy Services 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.82, based on 297 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. High Arctic Energy Services's current Net Current Asset Value of $0.06 is 98.4% 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 High Arctic Energy Services and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Arctic Energy Services's current Net Current Asset Value is $0.06, which is 98% below median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Energy Services stock overvalued right now?
Based on GuruFocus' analysis, High Arctic Energy Services (HGHAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.85, compared to a current price of $0.65 — trading 24.1% below its estimated fair value. The current Net Current Asset Value is $0.06, which is 98% below median its 10-year median of 3.71 and 98.4% below the Oil & Gas industry median of 3.82. High Arctic Energy Services' overall GF Score™ is 37/100 with 3 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 Energy Services (HGHAF), 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 High Arctic Energy Services (HGHAF) Overvalued in 2026?
Based on GuruFocus' analysis, High Arctic Energy Services stock appears to be undervalued.
The current stock price of $0.65 is trading 24.1% below its estimated GF Value™ of $0.85.
GuruFocus considers High Arctic Energy Services to be Modestly Undervalued.
Key valuation signals for HGHAF:
Net Current Asset Value: $0.06 (98% below median its 10-year median of 3.71)
GF Value™: $0.85 vs. price of $0.65 (24.1% below fair value)
Industry Position: 98.4% below the Oil & Gas median (#216 of 297)
No single metric tells the full story. See the HGHAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services and the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada. The Rental Services segment generates the majority company's revenue.
37GF Score
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