Oil RefineriesOILRF +5.63%48 Net Current Asset Value is $-0.26 as of Mar. 2026. GuruFocus rates OILRF with a GF Score™ of 48/100 and a GF Value™ of $0.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 299 Oil & Gas companies, Oil Refineries ranks worse than 334447.83% 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).
Oil Refineries's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.26.
The historical rank and industry rank for Oil Refineries's Net Current Asset Value or its related term are showing as below:
OILRF's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.95 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Oil Refineries (OTCPK:OILRF) 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.
Oil Refineries Net Current Asset Value Related Terms
Oil Refineries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Oil Refineries'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.
OILRF vs VLO, MPC, PSX: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Oil Refineries'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.
Oil Refineries Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil Refineries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Oil Refineries'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 $-0.26 mean?
Oil Refineries (OILRF) has a Net Current Asset Value of $-0.26 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 Oil Refineries and its competitors. According to the industry distribution chart, Oil Refineries ranks #999999 out of 299 companies in the Oil & Gas industry.
Is Oil Refineries' Net Current Asset Value too high?
Oil Refineries' current Net Current Asset Value is $-0.26. Based on the distribution chart, Oil Refineries ranks #999999 out of 299 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Oil Refineries has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oil Refineries' Net Current Asset Value compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Oil Refineries ranks #999999 out of 299 companies for Net Current Asset Value. This places Oil Refineries in the lower half of its industry. The industry median Net Current Asset Value is 3.95. 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 3.95, 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 Oil Refineries and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil Refineries's current Net Current Asset Value is $-0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil Refineries stock overvalued right now?
Based on GuruFocus' analysis, Oil Refineries (OILRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.25, compared to a current price of $0.48 — trading 90.6% above its estimated fair value. The current Net Current Asset Value is $-0.26. Oil Refineries' overall GF Score™ is 48/100 with 4 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 Oil Refineries (OILRF), the current Net Current Asset Value is $-0.26 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 Oil Refineries (OILRF) Overvalued in 2026?
Based on GuruFocus' analysis, Oil Refineries stock appears to be overvalued.
The current stock price of $0.48 is trading 90.6% above its estimated GF Value™ of $0.25.
GuruFocus considers Oil Refineries to be Significantly Overvalued.
Key valuation signals for OILRF:
Net Current Asset Value: $-0.26
GF Value™: $0.25 vs. price of $0.48 (90.6% above fair value)
No single metric tells the full story. See the OILRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil Refineries Ltd (ORL), also known as Bazan Group, engages in the production of fuel products. It also manufactures raw materials for the petrochemical industry and materials for the plastic industry, including oils, wax, and accompanying products. The company also provides power and water (mainly electricity and steam) services to a number of industries located near the refinery in Israel. The variety of products refined by ORL is used in industrial operations, transportation, private consumption, agriculture, and infrastructures. ORL plays a key role in Israel's refinery complex, with a major portion of refined products going to local consumption. Although the majority of operations are consumed by refining, ORL is also active in polymer and aromatic production through subsidiaries.
48GF Score
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