Sulnox GroupSNOXF 48 Net Current Asset Value is $0.02 as of Sep. 2025, which is 100% below its 10-year median of 25.25. GuruFocus rates SNOXF with a GF Score™ of 48/100 and a GF Value™ of $1.78 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 106 Utilities - Independent Power Producers companies, Sulnox Group ranks worse than 86.79% 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).
Sulnox Group's net current asset value per share for the quarter that ended in Sep. 2025 was $0.02.
The historical rank and industry rank for Sulnox Group's Net Current Asset Value or its related term are showing as below:
SNOXF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 16.25 Med: 25.25 Max: 50
Current: 32.5
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sulnox Group was 50.00. The lowest was 16.25. And the median was 25.25.
SNOXF's Price-to-Net-Current-Asset-Value is ranked worse than 86.79% of 106
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.975
vs SNOXF: 32.50
Sulnox Group (OTCPK:SNOXF) 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.
Sulnox Group Net Current Asset Value Related Terms
Sulnox Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sulnox Group'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.
Sulnox Group Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Sulnox Group'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.
Sulnox Group Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sulnox Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sulnox Group'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 $0.02 mean?
Sulnox Group (SNOXF) has a Net Current Asset Value of $0.02 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Sulnox Group and its competitors. This is 100% below median its historical median of 25.25. Over the past decade, Sulnox Group's Net Current Asset Value has ranged from 16.25 to 50.00. According to the industry distribution chart, Sulnox Group ranks #92 out of 106 companies in the Utilities - Independent Power Producers industry, placing it in the top 86.8%.
Is Sulnox Group's Net Current Asset Value too high?
Sulnox Group's current Net Current Asset Value of $0.02 is 100% below median its 10-year median of 25.25. Over the past 10 years, this metric has ranged from a low of 16.25 to a high of 50.00. The Utilities - Independent Power Producers industry median Net Current Asset Value is 4.98. Sulnox Group's value of $0.02 is 99.6% below this industry median. Based on the distribution chart, Sulnox Group ranks #92 out of 106 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Sulnox Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sulnox Group's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sulnox Group ranks #92 out of 106 companies for Net Current Asset Value. This places Sulnox Group in the lower half of its industry. The industry median Net Current Asset Value is 4.98. Sulnox Group's value of $0.02 is 99.6% below this benchmark. Historically, Sulnox Group's own Net Current Asset Value has ranged from 16.25 to 50.00 over the past decade. While the company's 10-year median is 25.25 vs. the industry median of 4.98, Sulnox Group 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.98, based on 106 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. Sulnox Group's current Net Current Asset Value of $0.02 is 99.6% 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 Sulnox Group and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sulnox Group's current Net Current Asset Value is $0.02, which is 100% below median its own 10-year median of 25.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sulnox Group stock overvalued right now?
Based on GuruFocus' analysis, Sulnox Group (SNOXF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.78, compared to a current price of $0.65 — trading 63.5% below its estimated fair value. The current Net Current Asset Value is $0.02, which is 100% below median its 10-year median of 25.25 and 99.6% below the Utilities - Independent Power Producers industry median of 4.98. Sulnox Group's overall GF Score™ is 48/100 with 1 warning sign 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 Sulnox Group (SNOXF), the current Net Current Asset Value is $0.02 as of Sep. 2025. 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 Sulnox Group (SNOXF) Overvalued in 2026?
Based on GuruFocus' analysis, Sulnox Group stock appears to be undervalued.
The current stock price of $0.65 is trading 63.5% below its estimated GF Value™ of $1.78.
GuruFocus considers Sulnox Group to be Possible Value Trap.
Key valuation signals for SNOXF:
Net Current Asset Value: $0.02 (100% below median its 10-year median of 25.25)
GF Value™: $1.78 vs. price of $0.65 (63.5% below fair value)
Industry Position: 99.6% below the Utilities - Independent Power Producers median (#92 of 106)
No single metric tells the full story. See the SNOXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sulnox Group PLC manufactures conditioners, emulsifiers, and emulsion stabilizers for hydrocarbon fuels. The company offers Berol 6446 HFO Fuel Emulsifier and SulNOxEco Conditioner to power generation, shipping, rail, and all road transport companies.
48GF Score
Get the complete analysis for SNOXF
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