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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 Petrovietnam Drilling & Well Service'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 Petrovietnam Drilling & Well Service was 51.66. The lowest was 16.07. And the median was 34.34.
STC:PVD's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Petrovietnam Drilling & Well Service (STC:PVD) 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.
Petrovietnam Drilling & Well Service Net Current Asset Value Related Terms
Petrovietnam Drilling & Well Service 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.
Petrovietnam Drilling & Well Service Net Current Asset Value Chart
STC:PVD vs NE, RIG, VAL: Net Current Asset Value Comparison
For the Oil & Gas Drilling subindustry, Petrovietnam Drilling & Well Service'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.
Petrovietnam Drilling & Well Service Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petrovietnam Drilling & Well Service's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Petrovietnam Drilling & Well Service'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 ₫-1,660.70 mean?
Petrovietnam Drilling & Well Service (STC:PVD) has a Net Current Asset Value of ₫-1,660.70 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 Petrovietnam Drilling & Well Service and its competitors. Over the past decade, Petrovietnam Drilling & Well Service's Net Current Asset Value has ranged from 16.07 to 51.66. According to the industry distribution chart, Petrovietnam Drilling & Well Service ranks #999999 out of 298 companies in the Oil & Gas industry.
Is Petrovietnam Drilling & Well Service's Net Current Asset Value too high?
Petrovietnam Drilling & Well Service's current Net Current Asset Value is ₫-1,660.70. Over the past 10 years, this metric has ranged from a low of 16.07 to a high of 51.66. Based on the distribution chart, Petrovietnam Drilling & Well Service ranks #999999 out of 298 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Petrovietnam Drilling & Well Service has a GF Score™ of 94/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Petrovietnam Drilling & Well Service's Net Current Asset Value compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Petrovietnam Drilling & Well Service ranks #999999 out of 298 companies for Net Current Asset Value. This places Petrovietnam Drilling & Well Service in the lower half of its industry. The industry median Net Current Asset Value is 3.83. Historically, Petrovietnam Drilling & Well Service's own Net Current Asset Value has ranged from 16.07 to 51.66 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 3.83, 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 Petrovietnam Drilling & Well Service and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petrovietnam Drilling & Well Service's current Net Current Asset Value is ₫-1,660.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petrovietnam Drilling & Well Service stock overvalued right now?
Based on GuruFocus' analysis, Petrovietnam Drilling & Well Service (STC:PVD) is currently considered Possible Value Trap. The stock's GF Value™ is ₫28,837.91, compared to a current price of ₫18,603.95 — trading 35.5% below its estimated fair value. The current Net Current Asset Value is ₫-1,660.70. Petrovietnam Drilling & Well Service's overall GF Score™ is 94/100 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 Petrovietnam Drilling & Well Service (STC:PVD), the current Net Current Asset Value is ₫-1,660.70 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 Petrovietnam Drilling & Well Service (STC:PVD) Overvalued in 2026?
Based on GuruFocus' analysis, Petrovietnam Drilling & Well Service stock appears to be undervalued.
The current stock price of ₫18,603.95 is trading 35.5% below its estimated GF Value™ of ₫28,837.91.
GuruFocus considers Petrovietnam Drilling & Well Service to be Possible Value Trap.
Key valuation signals for STC:PVD:
Net Current Asset Value: ₫-1,660.70
GF Value™: ₫28,837.91 vs. price of ₫18,603.95 (35.5% below fair value)
No single metric tells the full story. See the STC:PVD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petrovietnam Drilling & Well Service Business Description
Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.
94GF Score
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