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).
Range Resources's net current asset value per share for the quarter that ended in Mar. 2026 was $-10.30.
The historical rank and industry rank for Range Resources's Net Current Asset Value or its related term are showing as below:
RRC's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.84 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Range Resources (NYSE:RRC) 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.
Range Resources Net Current Asset Value Related Terms
Range Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Range Resources'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.
RRC vs AR, CHRD, SM: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, Range Resources'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.
Range Resources Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Range Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Range Resources'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 $-10.30 mean?
Range Resources (RRC) has a Net Current Asset Value of $-10.30 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 Range Resources and its competitors. According to the industry distribution chart, Range Resources ranks #999999 out of 297 companies in the Oil & Gas industry.
Is Range Resources' Net Current Asset Value too high?
Range Resources' current Net Current Asset Value is $-10.30. Based on the distribution chart, Range Resources ranks #999999 out of 297 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Range Resources has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Range Resources' Net Current Asset Value compare to AR and CHRD?
According to the Oil & Gas industry distribution chart, Range Resources ranks #999999 out of 297 companies for Net Current Asset Value. This places Range Resources in the lower half of its industry. The industry median Net Current Asset Value is 3.84. 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 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 Range Resources 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. Range Resources's current Net Current Asset Value is $-10.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Range Resources stock overvalued right now?
Based on GuruFocus' analysis, Range Resources (RRC) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.67, compared to a current price of $36.97 — trading 17.2% below its estimated fair value. The current Net Current Asset Value is $-10.30. Range Resources' overall GF Score™ is 78/100 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 Range Resources (RRC), the current Net Current Asset Value is $-10.30 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 Range Resources (RRC) Overvalued in 2026?
Based on GuruFocus' analysis, Range Resources stock appears to be undervalued.
The current stock price of $36.97 is trading 17.2% below its estimated GF Value™ of $44.67.
GuruFocus considers Range Resources to be Modestly Undervalued.
Key valuation signals for RRC:
Net Current Asset Value: $-10.30
GF Value™: $44.67 vs. price of $36.97 (17.2% below fair value)
No single metric tells the full story. See the RRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998. After an expensive 10-year venture with a multi-basin strategy, Range Resources found its identity as an Appalachian natural gas producer, offloading its Permian assets in 2013. Range quickly became a leading US gas producer after its merger with Memorial Resource Development in 2016. Following the merger, Range saw its operational unit costs rise to an uncompetitive level and subsequently sold the assets in 2020 to return to its roots as an Appalachian producer.
78GF Score
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