Next Geosolutions Europe SpAMIL:NXT +4.78%21 Net Current Asset Value is €0.58 as of Dec. 2025, which is 100% below its 10-year median of 13.28. GuruFocus rates MIL:NXT with a GF Score™ of 21/100. The stock has 7 warning signs investors should review. Among 300 Oil & Gas companies, Next Geosolutions Europe SpA ranks worse than 88% on this metric.
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).
Next Geosolutions Europe SpA's net current asset value per share for the quarter that ended in Dec. 2025 was €0.58.
The historical rank and industry rank for Next Geosolutions Europe SpA's Net Current Asset Value or its related term are showing as below:
MIL:NXT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.44 Med: 13.28 Max: 28.36
Current: 28.36
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Next Geosolutions Europe SpA was 28.36. The lowest was 5.44. And the median was 13.28.
MIL:NXT's Price-to-Net-Current-Asset-Value is ranked worse than 88% of 300
companies
in the Oil & Gas industry
Industry Median: 3.985
vs MIL:NXT: 28.36
Next Geosolutions Europe SpA (MIL:NXT) 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.
Next Geosolutions Europe SpA Net Current Asset Value Related Terms
Next Geosolutions Europe SpA 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.
Next Geosolutions Europe SpA Net Current Asset Value Chart
MIL:NXT vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Next Geosolutions Europe SpA'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.
Next Geosolutions Europe SpA Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Next Geosolutions Europe SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Next Geosolutions Europe SpA'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 €0.58 mean?
Next Geosolutions Europe SpA (MIL:NXT) has a Net Current Asset Value of €0.58 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Next Geosolutions Europe SpA and its competitors. This is 96% below median its historical median of 13.28. Over the past decade, Next Geosolutions Europe SpA's Net Current Asset Value has ranged from 5.44 to 28.36. According to the industry distribution chart, Next Geosolutions Europe SpA ranks #264 out of 300 companies in the Oil & Gas industry, placing it in the top 88%.
Is Next Geosolutions Europe SpA's Net Current Asset Value too high?
Next Geosolutions Europe SpA's current Net Current Asset Value of €0.58 is 96% below median its 10-year median of 13.28. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 28.36. Based on the distribution chart, Next Geosolutions Europe SpA ranks #264 out of 300 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Next Geosolutions Europe SpA has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Next Geosolutions Europe SpA's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Next Geosolutions Europe SpA ranks #264 out of 300 companies for Net Current Asset Value. This places Next Geosolutions Europe SpA in the lower half of its industry. The industry median Net Current Asset Value is 3.99. Historically, Next Geosolutions Europe SpA's own Net Current Asset Value has ranged from 5.44 to 28.36 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 3.99, based on 300 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 Next Geosolutions Europe SpA and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Geosolutions Europe SpA's current Net Current Asset Value is €0.58, which is 96% below median its own 10-year median of 13.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Geosolutions Europe SpA stock overvalued right now?
Next Geosolutions Europe SpA (MIL:NXT) has a current Net Current Asset Value of €0.58. The current Net Current Asset Value is €0.58, which is 96% below median its 10-year median of 13.28. Next Geosolutions Europe SpA's overall GF Score™ is 21/100 with 7 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 Next Geosolutions Europe SpA (MIL:NXT), the current Net Current Asset Value is €0.58 as of Dec. 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.
Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.
21GF Score
Get the complete analysis for MIL:NXT
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:NXT has been successfully added to your 