SandRidge EnergySD -0.72%73 Net Current Asset Value is $0.46 as of Mar. 2026, which is 93% below its 10-year median of 6.82. GuruFocus rates SD with a GF Score™ of 73/100 and a GF Value™ of $15.81 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 299 Oil & Gas companies, SandRidge Energy ranks worse than 89.63% 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).
SandRidge Energy's net current asset value per share for the quarter that ended in Mar. 2026 was $0.46.
The historical rank and industry rank for SandRidge Energy's Net Current Asset Value or its related term are showing as below:
SD'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.56 Med: 6.82 Max: 65.06
Current: 29.78
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of SandRidge Energy was 65.06. The lowest was 2.56. And the median was 6.82.
SD's Price-to-Net-Current-Asset-Value is ranked worse than 89.63% of 299
companies
in the Oil & Gas industry
Industry Median: 3.95
vs SD: 29.78
SandRidge Energy (NYSE:SD) 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.
SandRidge Energy Net Current Asset Value Related Terms
SandRidge Energy Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for SandRidge Energy'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.
SD vs WTI, EGY, ZNOG: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, SandRidge Energy'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.
SandRidge Energy Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SandRidge Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SandRidge Energy'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 $0.46 mean?
SandRidge Energy (SD) has a Net Current Asset Value of $0.46 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 SandRidge Energy and its competitors. This is 93% below median its historical median of 6.82. Over the past decade, SandRidge Energy's Net Current Asset Value has ranged from 2.56 to 65.06. According to the industry distribution chart, SandRidge Energy ranks #268 out of 299 companies in the Oil & Gas industry, placing it in the top 89.6%.
Is SandRidge Energy's Net Current Asset Value too high?
SandRidge Energy's current Net Current Asset Value of $0.46 is 93% below median its 10-year median of 6.82. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 65.06. The Oil & Gas industry median Net Current Asset Value is 3.95. SandRidge Energy's value of $0.46 is 88.4% below this industry median. Based on the distribution chart, SandRidge Energy ranks #268 out of 299 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, SandRidge Energy has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SandRidge Energy's Net Current Asset Value compare to WTI and EGY?
According to the Oil & Gas industry distribution chart, SandRidge Energy ranks #268 out of 299 companies for Net Current Asset Value. This places SandRidge Energy in the lower half of its industry. The industry median Net Current Asset Value is 3.95. SandRidge Energy's value of $0.46 is 88.4% below this benchmark. Historically, SandRidge Energy's own Net Current Asset Value has ranged from 2.56 to 65.06 over the past decade. While the company's 10-year median is 6.82 vs. the industry median of 3.95, SandRidge Energy 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 3.95, based on 299 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. SandRidge Energy's current Net Current Asset Value of $0.46 is 88.4% 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 SandRidge Energy and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SandRidge Energy's current Net Current Asset Value is $0.46, which is 93% below median its own 10-year median of 6.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SandRidge Energy stock overvalued right now?
Based on GuruFocus' analysis, SandRidge Energy (SD) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.81, compared to a current price of $13.70 — trading 13.3% below its estimated fair value. The current Net Current Asset Value is $0.46, which is 93% below median its 10-year median of 6.82 and 88.4% below the Oil & Gas industry median of 3.95. SandRidge Energy's overall GF Score™ is 73/100 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 SandRidge Energy (SD), the current Net Current Asset Value is $0.46 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 SandRidge Energy (SD) Overvalued in 2026?
Based on GuruFocus' analysis, SandRidge Energy stock appears to be undervalued.
The current stock price of $13.70 is trading 13.3% below its estimated GF Value™ of $15.81.
GuruFocus considers SandRidge Energy to be Modestly Undervalued.
Key valuation signals for SD:
Net Current Asset Value: $0.46 (93% below median its 10-year median of 6.82)
GF Value™: $15.81 vs. price of $13.70 (13.3% below fair value)
Industry Position: 88.4% below the Oil & Gas median (#268 of 299)
No single metric tells the full story. See the SD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SandRidge Energy Inc is a United States-based oil and natural gas company. It is engaged in the exploration, development, and production of crude oil, natural gas, and Natural gas liquids. Business activities of the group include Exploration and Production, Drilling and Oil Field Services, and Midstream Gas Services. The company's primary areas of operation are the Mid-Continent in Oklahoma and Kansas.
73GF Score
Get the complete analysis for SD
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
SD has been successfully added to your 
