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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).
Slovnaft AS's net current asset value per share for the quarter that ended in Dec. 2019 was €-5.53.
The historical rank and industry rank for Slovnaft AS'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 Slovnaft AS was 85.00. The lowest was 14.11. And the median was 33.33.
LTS:0MZI's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.78 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Slovnaft AS (LTS:0MZI) 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.
Slovnaft AS Net Current Asset Value Related Terms
Slovnaft AS Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Slovnaft AS'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:0MZI vs NGL, INT, SUN: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Slovnaft AS'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.
Slovnaft AS Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Slovnaft AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Slovnaft AS'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 €-5.53 mean?
Slovnaft AS (LTS:0MZI) has a Net Current Asset Value of €-5.53 as of Dec. 2019. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Slovnaft AS and its competitors. Over the past decade, Slovnaft AS's Net Current Asset Value has ranged from 14.11 to 85.00.
Is Slovnaft AS's Net Current Asset Value too high?
Slovnaft AS's current Net Current Asset Value is €-5.53. Over the past 10 years, this metric has ranged from a low of 14.11 to a high of 85.00. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Slovnaft AS's Net Current Asset Value compare to NGL and INT?
Slovnaft AS's Net Current Asset Value of €-5.53 can be compared against companies in the Oil & Gas industry. The industry median Net Current Asset Value is 3.78. Historically, Slovnaft AS's own Net Current Asset Value has ranged from 14.11 to 85.00 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 3.78, 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 Slovnaft AS and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Slovnaft AS's current Net Current Asset Value is €-5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Slovnaft AS stock overvalued right now?
Slovnaft AS (LTS:0MZI) has a current Net Current Asset Value of €-5.53. The current Net Current Asset Value is €-5.53. Slovnaft AS's overall GF Score™ is 8/100 with 5 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 Slovnaft AS (LTS:0MZI), the current Net Current Asset Value is €-5.53 as of Dec. 2019. 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.
Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.
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