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).
The historical rank and industry rank for Sociedad Quimica Y Minera De Chile's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sociedad Quimica Y Minera De Chile was 129.51. The lowest was 14.36. And the median was 37.22.
SQM's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.215 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Sociedad Quimica Y Minera De Chile (NYSE:SQM) 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.
Sociedad Quimica Y Minera De Chile Net Current Asset Value Related Terms
Sociedad Quimica Y Minera De Chile 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.
Sociedad Quimica Y Minera De Chile Net Current Asset Value Chart
SQM vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Sociedad Quimica Y Minera De Chile'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.
Sociedad Quimica Y Minera De Chile Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sociedad Quimica Y Minera De Chile's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sociedad Quimica Y Minera De Chile'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 $-10.33 mean?
Sociedad Quimica Y Minera De Chile (SQM) has a Net Current Asset Value of $-10.33 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 Sociedad Quimica Y Minera De Chile and its competitors. Over the past decade, Sociedad Quimica Y Minera De Chile's Net Current Asset Value has ranged from 14.36 to 129.51. According to the industry distribution chart, Sociedad Quimica Y Minera De Chile ranks #999999 out of 946 companies in the Chemicals industry.
Is Sociedad Quimica Y Minera De Chile's Net Current Asset Value too high?
Sociedad Quimica Y Minera De Chile's current Net Current Asset Value is $-10.33. Over the past 10 years, this metric has ranged from a low of 14.36 to a high of 129.51. Based on the distribution chart, Sociedad Quimica Y Minera De Chile ranks #999999 out of 946 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sociedad Quimica Y Minera De Chile has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sociedad Quimica Y Minera De Chile's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sociedad Quimica Y Minera De Chile ranks #999999 out of 946 companies for Net Current Asset Value. This places Sociedad Quimica Y Minera De Chile in the lower half of its industry. The industry median Net Current Asset Value is 5.22. Historically, Sociedad Quimica Y Minera De Chile's own Net Current Asset Value has ranged from 14.36 to 129.51 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 a Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.22, based on 946 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 Sociedad Quimica Y Minera De Chile and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sociedad Quimica Y Minera De Chile's current Net Current Asset Value is $-10.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sociedad Quimica Y Minera De Chile stock overvalued right now?
Based on GuruFocus' analysis, Sociedad Quimica Y Minera De Chile (SQM) is currently considered Significantly Overvalued. The stock's GF Value™ is $46.49, compared to a current price of $73.40 — trading 57.9% above its estimated fair value. The current Net Current Asset Value is $-10.33. Sociedad Quimica Y Minera De Chile's overall GF Score™ is 88/100 with 5 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 Sociedad Quimica Y Minera De Chile (SQM), the current Net Current Asset Value is $-10.33 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 Sociedad Quimica Y Minera De Chile (SQM) Overvalued in 2026?
Based on GuruFocus' analysis, Sociedad Quimica Y Minera De Chile stock appears to be overvalued.
The current stock price of $73.40 is trading 57.9% above its estimated GF Value™ of $46.49.
GuruFocus considers Sociedad Quimica Y Minera De Chile to be Significantly Overvalued.
Key valuation signals for SQM:
Net Current Asset Value: $-10.33
GF Value™: $46.49 vs. price of $73.40 (57.9% above fair value)
No single metric tells the full story. See the SQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sociedad Quimica Y Minera De Chile Business Description
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM also sells lithium concentrate from a joint venture hard rock lithium project in Australia and expanding its lithium refining assets in China.
88GF Score
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