Reconnaissance Energy AfricaRECAF -1.95%28 Net Current Asset Value is $0.05 as of Mar. 2026, which is 100% below its 10-year median of 19.97. GuruFocus rates RECAF with a GF Score™ of 28/100 and a GF Value™ of $0.17 (Significantly Overvalued). Among 298 Oil & Gas companies, Reconnaissance Energy Africa ranks worse than 79.53% 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).
Reconnaissance Energy Africa's net current asset value per share for the quarter that ended in Mar. 2026 was $0.05.
The historical rank and industry rank for Reconnaissance Energy Africa's Net Current Asset Value or its related term are showing as below:
RECAF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.06 Med: 19.97 Max: 78.83
Current: 13.65
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Reconnaissance Energy Africa was 78.83. The lowest was 6.06. And the median was 19.97.
RECAF's Price-to-Net-Current-Asset-Value is ranked worse than 79.53% of 298
companies
in the Oil & Gas industry
Industry Median: 3.865
vs RECAF: 13.65
Reconnaissance Energy Africa (OTCPK:RECAF) 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.
Reconnaissance Energy Africa Net Current Asset Value Related Terms
Reconnaissance Energy Africa 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.
Reconnaissance Energy Africa Net Current Asset Value Chart
RECAF vs COP, EOG, FANG: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.
Reconnaissance Energy Africa Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reconnaissance Energy Africa's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Reconnaissance Energy Africa'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 $0.05 mean?
Reconnaissance Energy Africa (RECAF) has a Net Current Asset Value of $0.05 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 Reconnaissance Energy Africa and its competitors. This is 100% below median its historical median of 19.97. Over the past decade, Reconnaissance Energy Africa's Net Current Asset Value has ranged from 6.06 to 78.83. According to the industry distribution chart, Reconnaissance Energy Africa ranks #237 out of 298 companies in the Oil & Gas industry, placing it in the top 79.5%.
Is Reconnaissance Energy Africa's Net Current Asset Value too high?
Reconnaissance Energy Africa's current Net Current Asset Value of $0.05 is 100% below median its 10-year median of 19.97. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 78.83. The Oil & Gas industry median Net Current Asset Value is 3.87. Reconnaissance Energy Africa's value of $0.05 is 98.7% below this industry median. Based on the distribution chart, Reconnaissance Energy Africa ranks #237 out of 298 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Reconnaissance Energy Africa has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reconnaissance Energy Africa's Net Current Asset Value compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Reconnaissance Energy Africa ranks #237 out of 298 companies for Net Current Asset Value. This places Reconnaissance Energy Africa in the lower half of its industry. The industry median Net Current Asset Value is 3.87. Reconnaissance Energy Africa's value of $0.05 is 98.7% below this benchmark. Historically, Reconnaissance Energy Africa's own Net Current Asset Value has ranged from 6.06 to 78.83 over the past decade. While the company's 10-year median is 19.97 vs. the industry median of 3.87, Reconnaissance Energy Africa 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 3.87, based on 298 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. Reconnaissance Energy Africa's current Net Current Asset Value of $0.05 is 98.7% 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 Reconnaissance Energy Africa and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reconnaissance Energy Africa's current Net Current Asset Value is $0.05, which is 100% below median its own 10-year median of 19.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reconnaissance Energy Africa stock overvalued right now?
Based on GuruFocus' analysis, Reconnaissance Energy Africa (RECAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.17, compared to a current price of $0.68 — trading 301.5% above its estimated fair value. The current Net Current Asset Value is $0.05, which is 100% below median its 10-year median of 19.97 and 98.7% below the Oil & Gas industry median of 3.87. Reconnaissance Energy Africa's overall GF Score™ is 28/100. 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 Reconnaissance Energy Africa (RECAF), the current Net Current Asset Value is $0.05 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 Reconnaissance Energy Africa (RECAF) Overvalued in 2026?
Based on GuruFocus' analysis, Reconnaissance Energy Africa stock appears to be overvalued.
The current stock price of $0.68 is trading 301.5% above its estimated GF Value™ of $0.17.
GuruFocus considers Reconnaissance Energy Africa to be Significantly Overvalued.
Key valuation signals for RECAF:
Net Current Asset Value: $0.05 (100% below median its 10-year median of 19.97)
GF Value™: $0.17 vs. price of $0.68 (301.5% above fair value)
Industry Position: 98.7% below the Oil & Gas median (#237 of 298)
No single metric tells the full story. See the RECAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reconnaissance Energy Africa Ltd is a junior oil and natural gas company with a focus on exploration and development in Namibia, Botswana, Gabon and Angola. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; and the corporate segment. The corporate segment majorly aggregates costs incurred at the Company's head office in Vancouver and the operations office in Calgary.
28GF Score
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