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.
Saudi Steel Pipe CoSAU:1320 -0.63%89 Net Current Asset Value is ﷼1.27 as of Mar. 2026, which is 100% below its 10-year median of 73.70. GuruFocus rates SAU:1320 with a GF Score™ of 89/100 and a GF Value™ of ﷼51.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 369 Steel companies, Saudi Steel Pipe Co ranks worse than 95.93% 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).
Saudi Steel Pipe Co's net current asset value per share for the quarter that ended in Mar. 2026 was ﷼1.27.
The historical rank and industry rank for Saudi Steel Pipe Co's Net Current Asset Value or its related term are showing as below:
SAU:1320'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 34.72 Med: 73.7 Max: 112.67
Current: 37.01
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Saudi Steel Pipe Co was 112.67. The lowest was 34.72. And the median was 73.70.
SAU:1320's Price-to-Net-Current-Asset-Value is ranked worse than 95.93% of 369
companies
in the Steel industry
Industry Median: 2.94
vs SAU:1320: 37.01
Saudi Steel Pipe Co (SAU:1320) 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.
Saudi Steel Pipe Co Net Current Asset Value Related Terms
Saudi Steel Pipe Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Saudi Steel Pipe Co'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.
SAU:1320 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Saudi Steel Pipe Co'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.
Saudi Steel Pipe Co Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Saudi Steel Pipe Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Saudi Steel Pipe Co'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 ﷼1.27 mean?
Saudi Steel Pipe Co (SAU:1320) has a Net Current Asset Value of ﷼1.27 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 Saudi Steel Pipe Co and its competitors. This is 98% below median its historical median of 73.70. Over the past decade, Saudi Steel Pipe Co's Net Current Asset Value has ranged from 34.72 to 112.67. According to the industry distribution chart, Saudi Steel Pipe Co ranks #354 out of 369 companies in the Steel industry, placing it in the top 95.9%.
Is Saudi Steel Pipe Co's Net Current Asset Value too high?
Saudi Steel Pipe Co's current Net Current Asset Value of ﷼1.27 is 98% below median its 10-year median of 73.70. Over the past 10 years, this metric has ranged from a low of 34.72 to a high of 112.67. Based on the distribution chart, Saudi Steel Pipe Co ranks #354 out of 369 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Saudi Steel Pipe Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Steel Pipe Co's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Saudi Steel Pipe Co ranks #354 out of 369 companies for Net Current Asset Value. This places Saudi Steel Pipe Co in the lower half of its industry. The industry median Net Current Asset Value is 2.94. Historically, Saudi Steel Pipe Co's own Net Current Asset Value has ranged from 34.72 to 112.67 over the past decade. 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 a Steel company?
The median Net Current Asset Value among Steel companies is 2.94, based on 369 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 Saudi Steel Pipe Co and its competitors. For the Steel industry, the median Net Current Asset Value is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Steel Pipe Co's current Net Current Asset Value is ﷼1.27, which is 98% below median its own 10-year median of 73.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Steel Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Steel Pipe Co (SAU:1320) is currently considered Fairly Valued. The stock's GF Value™ is ﷼51.70, compared to a current price of ﷼47.00 — trading 9.1% below its estimated fair value. The current Net Current Asset Value is ﷼1.27, which is 98% below median its 10-year median of 73.70. Saudi Steel Pipe Co's overall GF Score™ is 89/100 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 Saudi Steel Pipe Co (SAU:1320), the current Net Current Asset Value is ﷼1.27 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 Saudi Steel Pipe Co (SAU:1320) Overvalued in 2026?
Based on GuruFocus' analysis, Saudi Steel Pipe Co stock appears to be undervalued.
The current stock price of ﷼47.00 is trading 9.1% below its estimated GF Value™ of ﷼51.70.
GuruFocus considers Saudi Steel Pipe Co to be Fairly Valued.
Key valuation signals for SAU:1320:
Net Current Asset Value: ﷼1.27 (98% below median its 10-year median of 73.70)
GF Value™: ﷼51.70 vs. price of ﷼47.00 (9.1% below fair value)
No single metric tells the full story. See the SAU:1320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in single segment, being the Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. The company has a market presence in two segments namely Saudi Arabia and Other countries with the majority of the revenue generated from Saudi Arabia.
89GF Score
Get the complete analysis for SAU:1320
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
SAU:1320 has been successfully added to your 
