Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
Arabian Petroleum's net current asset value per share for the quarter that ended in Mar. 2026 was ₹46.74.
The historical rank and industry rank for Arabian Petroleum's Net Current Asset Value or its related term are showing as below:
NSE:ARABIAN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.43 Med: 1.54 Max: 2.65
Current: 1.83
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Arabian Petroleum was 2.65. The lowest was 1.43. And the median was 1.54.
NSE:ARABIAN's Price-to-Net-Current-Asset-Value is ranked better than 74.18% of 306
companies
in the Oil & Gas industry
Industry Median: 4.245
vs NSE:ARABIAN: 1.83
Arabian Petroleum (NSE:ARABIAN) 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.
Arabian Petroleum Net Current Asset Value Related Terms
Arabian Petroleum Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Arabian Petroleum'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.
NSE:ARABIAN vs MPC, VLO, PSX: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Arabian Petroleum'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.
Arabian Petroleum Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Arabian Petroleum's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Arabian Petroleum'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 ₹46.74 mean?
Arabian Petroleum (NSE:ARABIAN) has a Net Current Asset Value of ₹46.74 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 Arabian Petroleum and its competitors. According to the industry distribution chart, Arabian Petroleum ranks #79 out of 306 companies in the Oil & Gas industry, placing it in the top 25.8%.
Is Arabian Petroleum's Net Current Asset Value too high?
Arabian Petroleum's current Net Current Asset Value is ₹46.74. Based on the distribution chart, Arabian Petroleum ranks #79 out of 306 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Arabian Petroleum has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arabian Petroleum's Net Current Asset Value compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Arabian Petroleum ranks #79 out of 306 companies for Net Current Asset Value. This puts Arabian Petroleum in the upper half of its industry. The industry median Net Current Asset Value is 4.25. 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 4.25, based on 306 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 Arabian Petroleum and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arabian Petroleum's current Net Current Asset Value is ₹46.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arabian Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Arabian Petroleum (NSE:ARABIAN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹121.48, compared to a current price of ₹85.50 — trading 29.6% below its estimated fair value. The current Net Current Asset Value is ₹46.74. Arabian Petroleum's overall GF Score™ is 66/100 with 2 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 Arabian Petroleum (NSE:ARABIAN), the current Net Current Asset Value is ₹46.74 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 Arabian Petroleum (NSE:ARABIAN) Overvalued in 2026?
Based on GuruFocus' analysis, Arabian Petroleum stock appears to be undervalued.
The current stock price of ₹85.50 is trading 29.6% below its estimated GF Value™ of ₹121.48.
GuruFocus considers Arabian Petroleum to be Possible Value Trap.
Key valuation signals for NSE:ARABIAN:
Net Current Asset Value: ₹46.74
GF Value™: ₹121.48 vs. price of ₹85.50 (29.6% below fair value)
No single metric tells the full story. See the NSE:ARABIAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arabian Petroleum Ltd is a company engaged in the business of manufacturing a wide range of Lubricants, including Specialty Oils, Coolants etc , used for Industrial and Automotive applications. The business is categorized into two distinctive product divisions, which include Automotive Lubricants - Arzol and Industrial Lubricants-SPL. Geographically, the company generates the majority of its revenue from India.
66GF Score
Get the complete analysis for NSE:ARABIAN
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
NSE:ARABIAN has been successfully added to your 
