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).
BlueNord ASA's net current asset value per share for the quarter that ended in Mar. 2026 was kr-1,014.59.
The historical rank and industry rank for BlueNord ASA's Net Current Asset Value or its related term are showing as below:
LTS:0HTF's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.81 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
BlueNord ASA (LTS:0HTF) 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.
BlueNord ASA Net Current Asset Value Related Terms
BlueNord ASA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for BlueNord ASA'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.
LTS:0HTF vs COP, EOG, FANG: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, BlueNord ASA'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.
BlueNord ASA Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, BlueNord ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BlueNord ASA'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 kr-1,014.59 mean?
BlueNord ASA (LTS:0HTF) has a Net Current Asset Value of kr-1,014.59 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 BlueNord ASA and its competitors. According to the industry distribution chart, BlueNord ASA ranks #999999 out of 297 companies in the Oil & Gas industry.
Is BlueNord ASA's Net Current Asset Value too high?
BlueNord ASA's current Net Current Asset Value is kr-1,014.59. Based on the distribution chart, BlueNord ASA ranks #999999 out of 297 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, BlueNord ASA has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlueNord ASA's Net Current Asset Value compare to COP and EOG?
According to the Oil & Gas industry distribution chart, BlueNord ASA ranks #999999 out of 297 companies for Net Current Asset Value. This places BlueNord ASA in the lower half of its industry. The industry median Net Current Asset Value is 3.81. 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 3.81, 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. 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 BlueNord ASA and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlueNord ASA's current Net Current Asset Value is kr-1,014.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlueNord ASA stock overvalued right now?
Based on GuruFocus' analysis, BlueNord ASA (LTS:0HTF) is currently considered Possible Value Trap. The stock's GF Value™ is kr810.27, compared to a current price of kr490.50 — trading 39.5% below its estimated fair value. The current Net Current Asset Value is kr-1,014.59. BlueNord ASA's overall GF Score™ is 67/100 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 BlueNord ASA (LTS:0HTF), the current Net Current Asset Value is kr-1,014.59 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 BlueNord ASA (LTS:0HTF) Overvalued in 2026?
Based on GuruFocus' analysis, BlueNord ASA stock appears to be undervalued.
The current stock price of kr490.50 is trading 39.5% below its estimated GF Value™ of kr810.27.
GuruFocus considers BlueNord ASA to be Possible Value Trap.
Key valuation signals for LTS:0HTF:
Net Current Asset Value: kr-1,014.59
GF Value™: kr810.27 vs. price of kr490.50 (39.5% below fair value)
No single metric tells the full story. See the LTS:0HTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlueNord ASA is a Norway-based oil and gas company engaged in the production and development of oil and gas resources. The company operates mainly in the Danish North Sea through its interest in the Danish Underground Consortium. It focuses on supporting the energy transition by improving the long-term role of oil and gas in the energy mix while reducing greenhouse gas emissions on the Danish Continental Shelf.
67GF Score
Get the complete analysis for LTS:0HTF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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