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).
Treasure ASA's net current asset value per share for the quarter that ended in Jun. 2025 was kr0.00.
The historical rank and industry rank for Treasure ASA's Net Current Asset Value or its related term are showing as below:
LTS:0RIV's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.41 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Treasure ASA (LTS:0RIV) 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.
Treasure ASA Net Current Asset Value Related Terms
Treasure ASA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Treasure 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:0RIV vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Treasure 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.
Treasure ASA Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Treasure ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Treasure 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 kr0.00 mean?
Treasure ASA (LTS:0RIV) has a Net Current Asset Value of kr0.00 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Treasure ASA and its competitors.
Is Treasure ASA's Net Current Asset Value too high?
Treasure ASA's current Net Current Asset Value is kr0.00. Overall, Treasure ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Treasure ASA's Net Current Asset Value compare to BLK and BX?
Treasure ASA's Net Current Asset Value of kr0.00 can be compared against companies in the Asset Management industry. The industry median Net Current Asset Value is 3.41. 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 Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.41, based on 376 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 Treasure ASA and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Treasure ASA's current Net Current Asset Value is kr0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treasure ASA stock overvalued right now?
Treasure ASA (LTS:0RIV) has a current Net Current Asset Value of kr0.00. The current Net Current Asset Value is kr0.00. Treasure ASA's overall GF Score™ is 19/100 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 Treasure ASA (LTS:0RIV), the current Net Current Asset Value is kr0.00 as of Jun. 2025. 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.
Treasure ASA operates in the maritime and offshore logistics sectors. The group operates through three main segments: Maritime Services, New Energy, and Strategic Holdings and Investments. The main activities of the Maritime Services segment are the provision of products and services for the merchant fleet. This includes offerings such as marine chemicals, gases, ropes, welding, speciality lubricants, cleaning equipment, refrigeration equipment, and various maritime solutions. The main activities of the New Energy segment are the operation of supply bases for the offshore industry, and investments in infrastructure, logistics, offshore wind, remote solutions, and digital innovation. It generates majority of revenue from the Maritime Services segment.
19GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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