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Snowline GoldSNWGF +4.24%31 Net Current Asset Value is $0.39 as of Mar. 2026, which is 98% below its 10-year median of 23.68. GuruFocus rates SNWGF with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 1,344 Metals & Mining companies, Snowline Gold ranks worse than 88.69% 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).
Snowline Gold's net current asset value per share for the quarter that ended in Mar. 2026 was $0.39.
The historical rank and industry rank for Snowline Gold's Net Current Asset Value or its related term are showing as below:
SNWGF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.08 Med: 23.68 Max: 40.76
Current: 25.48
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Snowline Gold was 40.76. The lowest was 3.08. And the median was 23.68.
SNWGF's Price-to-Net-Current-Asset-Value is ranked worse than 88.69% of 1344
companies
in the Metals & Mining industry
Industry Median: 6.625
vs SNWGF: 25.48
Snowline Gold (OTCPK:SNWGF) 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.
Snowline Gold Net Current Asset Value Related Terms
Snowline Gold Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Snowline Gold'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.
SNWGF vs NEM, AU: Net Current Asset Value Comparison
For the Gold subindustry, Snowline Gold'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.
Snowline Gold Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Snowline Gold's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Snowline Gold'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 $0.39 mean?
Snowline Gold (SNWGF) has a Net Current Asset Value of $0.39 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 Snowline Gold and its competitors. This is 98% below median its historical median of 23.68. Over the past decade, Snowline Gold's Net Current Asset Value has ranged from 3.08 to 40.76. According to the industry distribution chart, Snowline Gold ranks #1192 out of 1344 companies in the Metals & Mining industry, placing it in the top 88.7%.
Is Snowline Gold's Net Current Asset Value too high?
Snowline Gold's current Net Current Asset Value of $0.39 is 98% below median its 10-year median of 23.68. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 40.76. The Metals & Mining industry median Net Current Asset Value is 6.63. Snowline Gold's value of $0.39 is 94.1% below this industry median. Based on the distribution chart, Snowline Gold ranks #1192 out of 1344 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Snowline Gold has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Snowline Gold's Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Snowline Gold ranks #1192 out of 1344 companies for Net Current Asset Value. This places Snowline Gold in the lower half of its industry. The industry median Net Current Asset Value is 6.63. Snowline Gold's value of $0.39 is 94.1% below this benchmark. Historically, Snowline Gold's own Net Current Asset Value has ranged from 3.08 to 40.76 over the past decade. While the company's 10-year median is 23.68 vs. the industry median of 6.63, Snowline Gold 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 a Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.63, based on 1,344 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. Snowline Gold's current Net Current Asset Value of $0.39 is 94.1% 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 Snowline Gold and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snowline Gold's current Net Current Asset Value is $0.39, which is 98% below median its own 10-year median of 23.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snowline Gold stock overvalued right now?
Snowline Gold (SNWGF) has a current Net Current Asset Value of $0.39. The current Net Current Asset Value is $0.39, which is 98% below median its 10-year median of 23.68 and 94.1% below the Metals & Mining industry median of 6.63. Snowline Gold's overall GF Score™ is 31/100 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 Snowline Gold (SNWGF), the current Net Current Asset Value is $0.39 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.
Snowline Gold Corp is a mineral exploration and development company engaged in the acquisition, exploration, and development of mineral properties. The company's primary focus is the Valley gold deposit on its wholly owned Rogue Project. Additionally, its project portfolio comprises the Einarson Gold Project, the Cynthia Gold Project, the Ursa Base Metal and Gold Project, the Tosh Gold Project, the Cliff Gold Project, the Rainbow Gold Project, and the Olympus Gold Project. The majority of these projects are located in the east-central Yukon and the southwest Yukon territories of Canada.
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