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).
Sea1 Offshore's net current asset value per share for the quarter that ended in Mar. 2026 was kr-16.50.
The historical rank and industry rank for Sea1 Offshore's Net Current Asset Value or its related term are showing as below:
OSL:SEA1's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.82 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Sea1 Offshore (OSL:SEA1) 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.
Sea1 Offshore Net Current Asset Value Related Terms
Sea1 Offshore Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sea1 Offshore'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.
OSL:SEA1 vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Sea1 Offshore'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.
Sea1 Offshore Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sea1 Offshore's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sea1 Offshore'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 kr-16.50 mean?
Sea1 Offshore (OSL:SEA1) has a Net Current Asset Value of kr-16.50 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 Sea1 Offshore and its competitors. According to the industry distribution chart, Sea1 Offshore ranks #999999 out of 297 companies in the Oil & Gas industry.
Is Sea1 Offshore's Net Current Asset Value too high?
Sea1 Offshore's current Net Current Asset Value is kr-16.50. Based on the distribution chart, Sea1 Offshore ranks #999999 out of 297 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sea1 Offshore has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sea1 Offshore's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Sea1 Offshore ranks #999999 out of 297 companies for Net Current Asset Value. This places Sea1 Offshore in the lower half of its industry. The industry median Net Current Asset Value is 3.82. 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 3.82, based on 297 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 Sea1 Offshore and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sea1 Offshore's current Net Current Asset Value is kr-16.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea1 Offshore stock overvalued right now?
Based on GuruFocus' analysis, Sea1 Offshore (OSL:SEA1) is currently considered Modestly Undervalued. The stock's GF Value™ is kr29.07, compared to a current price of kr26.15 — trading 10% below its estimated fair value. The current Net Current Asset Value is kr-16.50. Sea1 Offshore's overall GF Score™ is 76/100 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 Sea1 Offshore (OSL:SEA1), the current Net Current Asset Value is kr-16.50 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 Sea1 Offshore (OSL:SEA1) Overvalued in 2026?
Based on GuruFocus' analysis, Sea1 Offshore stock appears to be undervalued.
The current stock price of kr26.15 is trading 10% below its estimated GF Value™ of kr29.07.
GuruFocus considers Sea1 Offshore to be Modestly Undervalued.
Key valuation signals for OSL:SEA1:
Net Current Asset Value: kr-16.50
GF Value™: kr29.07 vs. price of kr26.15 (10% below fair value)
No single metric tells the full story. See the OSL:SEA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sea1 Offshore Inc is a vessel provider to the offshore oil and gas and renewable industry. It provides a wide range of services with its vessels, equipment and an experienced crew. The fleet consists of various vessels and includes platform supply vessels, anchor handling tug and supply as well as offshore subsea construction and well intervention vessels. The reportable segments are Subsea Vessels, Anchor-Handling Tug Supply (AHTS) Vessels, Platform Supply Vessels (PSVs), Fast Crew & Oil Spill Recovery Vessels, and Other. The company generates the majority of its revenue from the Subsea Vessels segment.
76GF 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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