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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).
PJSC Lukoil's net current asset value per share for the quarter that ended in Sep. 2023 was £-5.05.
The historical rank and industry rank for PJSC Lukoil'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 PJSC Lukoil was 27.70. The lowest was 11.62. And the median was 19.66.
LSE:31KX's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.88 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PJSC Lukoil (LSE:31KX) 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.
PJSC Lukoil Net Current Asset Value Related Terms
PJSC Lukoil Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for PJSC Lukoil'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.
LSE:31KX vs XOM, CVX: Net Current Asset Value Comparison
For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.
PJSC Lukoil Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC Lukoil's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PJSC Lukoil'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 £-5.05 mean?
PJSC Lukoil (LSE:31KX) has a Net Current Asset Value of £-5.05 as of Sep. 2023. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on PJSC Lukoil and its competitors. Over the past decade, PJSC Lukoil's Net Current Asset Value has ranged from 11.62 to 27.70.
Is PJSC Lukoil's Net Current Asset Value too high?
PJSC Lukoil's current Net Current Asset Value is £-5.05. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 27.70. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Net Current Asset Value compare to XOM and CVX?
PJSC Lukoil's Net Current Asset Value of £-5.05 can be compared against companies in the Oil & Gas industry. The industry median Net Current Asset Value is 3.88. Historically, PJSC Lukoil's own Net Current Asset Value has ranged from 11.62 to 27.70 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 3.88, based on 299 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 PJSC Lukoil and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Net Current Asset Value is £-5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Net Current Asset Value of £-5.05. The current Net Current Asset Value is £-5.05. PJSC Lukoil's overall GF Score™ is 17/100 with 6 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 PJSC Lukoil (LSE:31KX), the current Net Current Asset Value is £-5.05 as of Sep. 2023. 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.
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.
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