Mexco EnergyMXC +1.74%73 Net Current Asset Value is $1.34 as of Mar. 2026, which is 85% below its 10-year median of 9.24. GuruFocus rates MXC with a GF Score™ of 73/100 and a GF Value™ of $9.32 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 296 Oil & Gas companies, Mexco Energy ranks worse than 61.15% 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).
Mexco Energy's net current asset value per share for the quarter that ended in Mar. 2026 was $1.34.
The historical rank and industry rank for Mexco Energy's Net Current Asset Value or its related term are showing as below:
MXC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.82 Med: 9.24 Max: 20.77
Current: 6.07
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mexco Energy was 20.77. The lowest was 5.82. And the median was 9.24.
MXC's Price-to-Net-Current-Asset-Value is ranked worse than 61.15% of 296
companies
in the Oil & Gas industry
Industry Median: 3.835
vs MXC: 6.07
Mexco Energy (AMEX:MXC) 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.
Mexco Energy Net Current Asset Value Related Terms
Mexco Energy Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Mexco Energy'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.
MXC vs BRN, NRIS, MVO: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, Mexco Energy'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.
Mexco Energy Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mexco Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mexco Energy'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 $1.34 mean?
Mexco Energy (MXC) has a Net Current Asset Value of $1.34 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 Mexco Energy and its competitors. This is 85% below median its historical median of 9.24. Over the past decade, Mexco Energy's Net Current Asset Value has ranged from 5.82 to 20.77. According to the industry distribution chart, Mexco Energy ranks #181 out of 296 companies in the Oil & Gas industry, placing it in the top 61.1%.
Is Mexco Energy's Net Current Asset Value too high?
Mexco Energy's current Net Current Asset Value of $1.34 is 85% below median its 10-year median of 9.24. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 20.77. The Oil & Gas industry median Net Current Asset Value is 3.84. Mexco Energy's value of $1.34 is 65.1% below this industry median. Based on the distribution chart, Mexco Energy ranks #181 out of 296 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Mexco Energy has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mexco Energy's Net Current Asset Value compare to BRN and NRIS?
According to the Oil & Gas industry distribution chart, Mexco Energy ranks #181 out of 296 companies for Net Current Asset Value. This places Mexco Energy in the lower half of its industry. The industry median Net Current Asset Value is 3.84. Mexco Energy's value of $1.34 is 65.1% below this benchmark. Historically, Mexco Energy's own Net Current Asset Value has ranged from 5.82 to 20.77 over the past decade. While the company's 10-year median is 9.24 vs. the industry median of 3.84, Mexco Energy has consistently been below the industry average. 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 3.84, based on 296 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. Mexco Energy's current Net Current Asset Value of $1.34 is 65.1% below the industry median. 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 Mexco Energy and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mexco Energy's current Net Current Asset Value is $1.34, which is 85% below median its own 10-year median of 9.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mexco Energy stock overvalued right now?
Based on GuruFocus' analysis, Mexco Energy (MXC) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.32, compared to a current price of $8.14 — trading 12.7% below its estimated fair value. The current Net Current Asset Value is $1.34, which is 85% below median its 10-year median of 9.24 and 65.1% below the Oil & Gas industry median of 3.84. Mexco Energy's overall GF Score™ is 73/100 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 Mexco Energy (MXC), the current Net Current Asset Value is $1.34 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 Mexco Energy (MXC) Overvalued in 2026?
Based on GuruFocus' analysis, Mexco Energy stock appears to be undervalued.
The current stock price of $8.14 is trading 12.7% below its estimated GF Value™ of $9.32.
GuruFocus considers Mexco Energy to be Modestly Undervalued.
Key valuation signals for MXC:
Net Current Asset Value: $1.34 (85% below median its 10-year median of 9.24)
GF Value™: $9.32 vs. price of $8.14 (12.7% below fair value)
Industry Position: 65.1% below the Oil & Gas median (#181 of 296)
No single metric tells the full story. See the MXC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mexco Energy Corporation is an independent oil and gas company. It is engaged in the acquisition, exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.
73GF Score
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