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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).
Combined Group Contracting K C's net current asset value per share for the quarter that ended in Mar. 2026 was KWD-0.07.
The historical rank and industry rank for Combined Group Contracting K C'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 Combined Group Contracting K C was 22.40. The lowest was 7.33. And the median was 14.63.
KUW:CGC's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.22 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Combined Group Contracting K C (KUW:CGC) 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.
Combined Group Contracting K C Net Current Asset Value Related Terms
Combined Group Contracting K C 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.
Combined Group Contracting K C Net Current Asset Value Chart
KUW:CGC vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Combined Group Contracting K C'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.
Combined Group Contracting K C Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Combined Group Contracting K C's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Combined Group Contracting K C'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 KWD-0.07 mean?
Combined Group Contracting K C (KUW:CGC) has a Net Current Asset Value of KWD-0.07 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 Combined Group Contracting K C and its competitors. Over the past decade, Combined Group Contracting K C's Net Current Asset Value has ranged from 7.33 to 22.40. According to the industry distribution chart, Combined Group Contracting K C ranks #999999 out of 1062 companies in the Construction industry.
Is Combined Group Contracting K C's Net Current Asset Value too high?
Combined Group Contracting K C's current Net Current Asset Value is KWD-0.07. Over the past 10 years, this metric has ranged from a low of 7.33 to a high of 22.40. Based on the distribution chart, Combined Group Contracting K C ranks #999999 out of 1062 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Combined Group Contracting K C has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Combined Group Contracting K C's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Combined Group Contracting K C ranks #999999 out of 1062 companies for Net Current Asset Value. This places Combined Group Contracting K C in the lower half of its industry. The industry median Net Current Asset Value is 3.22. Historically, Combined Group Contracting K C's own Net Current Asset Value has ranged from 7.33 to 22.40 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.22, based on 1,062 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 Combined Group Contracting K C and its competitors. For the Construction industry, the median Net Current Asset Value is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Group Contracting K C's current Net Current Asset Value is KWD-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Group Contracting K C stock overvalued right now?
Based on GuruFocus' analysis, Combined Group Contracting K C (KUW:CGC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD1.07, compared to a current price of KWD0.93 — trading 12.7% below its estimated fair value. The current Net Current Asset Value is KWD-0.07. Combined Group Contracting K C's overall GF Score™ is 77/100 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 Combined Group Contracting K C (KUW:CGC), the current Net Current Asset Value is KWD-0.07 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 Combined Group Contracting K C (KUW:CGC) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Group Contracting K C stock appears to be undervalued.
The current stock price of KWD0.93 is trading 12.7% below its estimated GF Value™ of KWD1.07.
GuruFocus considers Combined Group Contracting K C to be Modestly Undervalued.
Key valuation signals for KUW:CGC:
Net Current Asset Value: KWD-0.07
GF Value™: KWD1.07 vs. price of KWD0.93 (12.7% below fair value)
No single metric tells the full story. See the KUW:CGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Group Contracting K C Business Description
Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction of residential, commercial, and governmental buildings, roads, and infrastructure, and oil and gas-related development projects. Its service centers are Ready Mix plant, Asphalt Factories, Heavy Equipment, and Service Centers. The Group is divided into functional divisions to manage its various lines of business. The Group operates mainly in the State of Kuwait and other Gulf countries. The Group's segments are: the State of Kuwait segment and the Gulf Countries segment. It generates the majority of its revenue from the State of Kuwait segment.
77GF Score
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