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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).
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Alkhorayef Water & Power Technologies was 45.26. The lowest was 12.68. And the median was 24.16.
SAU:2081's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Regulated industry.
Industry Median: 4.02 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Alkhorayef Water & Power Technologies (SAU:2081) 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.
Alkhorayef Water & Power Technologies Net Current Asset Value Related Terms
Alkhorayef Water & Power Technologies 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.
Alkhorayef Water & Power Technologies Net Current Asset Value Chart
SAU:2081 vs AWK, WTRG, AWR: Net Current Asset Value Comparison
For the Utilities - Regulated Water subindustry, Alkhorayef Water & Power Technologies'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.
Alkhorayef Water & Power Technologies Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Alkhorayef Water & Power Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alkhorayef Water & Power Technologies'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 ﷼-8.40 mean?
Alkhorayef Water & Power Technologies (SAU:2081) has a Net Current Asset Value of ﷼-8.40 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 Alkhorayef Water & Power Technologies and its competitors. Over the past decade, Alkhorayef Water & Power Technologies' Net Current Asset Value has ranged from 12.68 to 45.26. According to the industry distribution chart, Alkhorayef Water & Power Technologies ranks #999999 out of 91 companies in the Utilities - Regulated industry.
Is Alkhorayef Water & Power Technologies' Net Current Asset Value too high?
Alkhorayef Water & Power Technologies' current Net Current Asset Value is ﷼-8.40. Over the past 10 years, this metric has ranged from a low of 12.68 to a high of 45.26. Based on the distribution chart, Alkhorayef Water & Power Technologies ranks #999999 out of 91 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Alkhorayef Water & Power Technologies has a GF Score™ of 92/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alkhorayef Water & Power Technologies' Net Current Asset Value compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Alkhorayef Water & Power Technologies ranks #999999 out of 91 companies for Net Current Asset Value. This places Alkhorayef Water & Power Technologies in the lower half of its industry. The industry median Net Current Asset Value is 4.02. Historically, Alkhorayef Water & Power Technologies' own Net Current Asset Value has ranged from 12.68 to 45.26 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 an Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.02, based on 91 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 Alkhorayef Water & Power Technologies and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkhorayef Water & Power Technologies's current Net Current Asset Value is ﷼-8.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkhorayef Water & Power Technologies stock overvalued right now?
Based on GuruFocus' analysis, Alkhorayef Water & Power Technologies (SAU:2081) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼199.57, compared to a current price of ﷼101.40 — trading 49.2% below its estimated fair value. The current Net Current Asset Value is ﷼-8.40. Alkhorayef Water & Power Technologies' overall GF Score™ is 92/100 with 8 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 Alkhorayef Water & Power Technologies (SAU:2081), the current Net Current Asset Value is ﷼-8.40 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 Alkhorayef Water & Power Technologies (SAU:2081) Overvalued in 2026?
Based on GuruFocus' analysis, Alkhorayef Water & Power Technologies stock appears to be undervalued.
The current stock price of ﷼101.40 is trading 49.2% below its estimated GF Value™ of ﷼199.57.
GuruFocus considers Alkhorayef Water & Power Technologies to be Possible Value Trap.
Key valuation signals for SAU:2081:
Net Current Asset Value: ﷼-8.40
GF Value™: ﷼199.57 vs. price of ﷼101.40 (49.2% below fair value)
No single metric tells the full story. See the SAU:2081 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alkhorayef Water & Power Technologies is engaged in contracting for buildings, roads, industrial, mechanical, marine and electrical works, cleaning of buildings and cities, operation and maintenance of medical centers, hospitals, airports, and waste disposal, and environmental pollution control. Its business consists of three business divisions: Water segment, Wastewater segment, and the Integrated water solutions segment. The company derives maximum revenue from the Water Segment. The Water Segment of the company represents project and O&M services for Deep waterwalls, Water treatment plants, Water distribution networks, and Firework networks. Geographically, the company operates only in Saudi Arabia.
92GF Score
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