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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 National Petroleum Services Co KSC's Net Current Asset Value or its related term are showing as below:
KUW:NAPESCO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.38 Med: 3.86 Max: 9.35
Current: 4.92
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of National Petroleum Services Co KSC was 9.35. The lowest was 2.38. And the median was 3.86.
KUW:NAPESCO's Price-to-Net-Current-Asset-Value is ranked worse than 55.37% of 298
companies
in the Oil & Gas industry
Industry Median: 3.725
vs KUW:NAPESCO: 4.92
National Petroleum Services Co KSC (KUW:NAPESCO) 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.
National Petroleum Services Co KSC Net Current Asset Value Related Terms
National Petroleum Services Co KSC 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.
National Petroleum Services Co KSC Net Current Asset Value Chart
KUW:NAPESCO vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, National Petroleum Services Co KSC'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.
National Petroleum Services Co KSC Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Petroleum Services Co KSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where National Petroleum Services Co KSC'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 KWD0.30 mean?
National Petroleum Services Co KSC (KUW:NAPESCO) has a Net Current Asset Value of KWD0.30 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 National Petroleum Services Co KSC and its competitors. This is 92% below median its historical median of 3.86. Over the past decade, National Petroleum Services Co KSC's Net Current Asset Value has ranged from 2.38 to 9.35. According to the industry distribution chart, National Petroleum Services Co KSC ranks #165 out of 298 companies in the Oil & Gas industry, placing it in the top 55.4%.
Is National Petroleum Services Co KSC's Net Current Asset Value too high?
National Petroleum Services Co KSC's current Net Current Asset Value of KWD0.30 is 92% below median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 9.35. Based on the distribution chart, National Petroleum Services Co KSC ranks #165 out of 298 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Petroleum Services Co KSC has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Petroleum Services Co KSC's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, National Petroleum Services Co KSC ranks #165 out of 298 companies for Net Current Asset Value. This places National Petroleum Services Co KSC in the lower half of its industry. The industry median Net Current Asset Value is 3.73. Historically, National Petroleum Services Co KSC's own Net Current Asset Value has ranged from 2.38 to 9.35 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.73, 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 National Petroleum Services Co KSC and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Petroleum Services Co KSC's current Net Current Asset Value is KWD0.30, which is 92% below median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Petroleum Services Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Petroleum Services Co KSC (KUW:NAPESCO) is currently considered Fairly Valued. The stock's GF Value™ is KWD1.49, compared to a current price of KWD1.48 — trading 0.9% below its estimated fair value. The current Net Current Asset Value is KWD0.30, which is 92% below median its 10-year median of 3.86. National Petroleum Services Co KSC's overall GF Score™ is 97/100 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 National Petroleum Services Co KSC (KUW:NAPESCO), the current Net Current Asset Value is KWD0.30 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 National Petroleum Services Co KSC (KUW:NAPESCO) Overvalued in 2026?
Based on GuruFocus' analysis, National Petroleum Services Co KSC stock appears to be undervalued.
The current stock price of KWD1.48 is trading 0.9% below its estimated GF Value™ of KWD1.49.
GuruFocus considers National Petroleum Services Co KSC to be Fairly Valued.
Key valuation signals for KUW:NAPESCO:
Net Current Asset Value: KWD0.30 (92% below median its 10-year median of 3.86)
GF Value™: KWD1.49 vs. price of KWD1.48 (0.9% below fair value)
No single metric tells the full story. See the KUW:NAPESCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Petroleum Services Co KSC Business Description
National Petroleum Services Co KSC provides oilfield services for the oil and gas industry in Kuwait. The company is engaged in carrying out all support services for wells drilling, repairing, and preparation for production as well as wells maintenance related services. It is also engaged in establishing industrial firms for the purpose of manufacturing and producing the equipment and materials needed for well drilling and repair. There are two segments within which the company operates namely oilfield services and non-oilfield services. The majority of the revenue is mainly from Oil field contracts that include Pumping services, and then Non- oil field contracts that involve supply power and environment, safety services.
97GF Score
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