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 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shandong Molong Petroleum Machinery Co was 121.00. The lowest was 32.50. And the median was 76.75.
SHANF's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.87 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Shandong Molong Petroleum Machinery Co (OTCPK:SHANF) 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.
Shandong Molong Petroleum Machinery Co Net Current Asset Value Related Terms
Shandong Molong Petroleum Machinery Co 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.
Shandong Molong Petroleum Machinery Co Net Current Asset Value Chart
Shandong Molong Petroleum Machinery Co Annual Data
SHANF vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.
Shandong Molong Petroleum Machinery Co Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shandong Molong Petroleum Machinery 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 $-0.08 mean?
Shandong Molong Petroleum Machinery Co (SHANF) has a Net Current Asset Value of $-0.08 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 Shandong Molong Petroleum Machinery Co and its competitors. Over the past decade, Shandong Molong Petroleum Machinery Co's Net Current Asset Value has ranged from 32.50 to 121.00. According to the industry distribution chart, Shandong Molong Petroleum Machinery Co ranks #999999 out of 298 companies in the Oil & Gas industry.
Is Shandong Molong Petroleum Machinery Co's Net Current Asset Value too high?
Shandong Molong Petroleum Machinery Co's current Net Current Asset Value is $-0.08. Over the past 10 years, this metric has ranged from a low of 32.50 to a high of 121.00. Based on the distribution chart, Shandong Molong Petroleum Machinery Co ranks #999999 out of 298 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Shandong Molong Petroleum Machinery Co has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Molong Petroleum Machinery Co's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Shandong Molong Petroleum Machinery Co ranks #999999 out of 298 companies for Net Current Asset Value. This places Shandong Molong Petroleum Machinery Co in the lower half of its industry. The industry median Net Current Asset Value is 3.87. Historically, Shandong Molong Petroleum Machinery Co's own Net Current Asset Value has ranged from 32.50 to 121.00 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 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. 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 Shandong Molong Petroleum Machinery Co 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. Shandong Molong Petroleum Machinery Co's current Net Current Asset Value is $-0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Molong Petroleum Machinery Co stock overvalued right now?
Shandong Molong Petroleum Machinery Co (SHANF) has a current Net Current Asset Value of $-0.08. The stock's GF Value™ is $0.46, compared to a current price of $0.94 — trading 103.8% above its estimated fair value. The current Net Current Asset Value is $-0.08. Shandong Molong Petroleum Machinery Co's overall GF Score™ is 43/100 with 6 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 Shandong Molong Petroleum Machinery Co (SHANF), the current Net Current Asset Value is $-0.08 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 Shandong Molong Petroleum Machinery Co (SHANF) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Molong Petroleum Machinery Co stock appears to be overvalued.
The current stock price of $0.94 is trading 103.8% above its estimated GF Value™ of $0.46.
Key valuation signals for SHANF:
Net Current Asset Value: $-0.08
GF Value™: $0.46 vs. price of $0.94 (103.8% above fair value)
No single metric tells the full story. See the SHANF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Molong Petroleum Machinery Co Business Description
Shandong Molong Petroleum Machinery Co Ltd is engaged in the design, research and development, processing and manufacturing, sale service, and export trade of products for the energy equipment industry. Its main products include petroleum-drilling machinery equipment, petroleum and natural gas pipeline equipment, and oil and gas exploitation equipment. These products are used in petroleum, natural gas, shale gas, coalbed methane, hydrogen energy, oil refining, coal mining machinery, boiler manufacturing, engineering machinery manufacturing, and oilfield services.
43GF Score
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