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).
Total Energy Services's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.22.
The historical rank and industry rank for Total Energy Services's Net Current Asset Value or its related term are showing as below:
TOTZF's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.865 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Total Energy Services (OTCPK:TOTZF) 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.
Total Energy Services Net Current Asset Value Related Terms
Total Energy Services Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Total Energy Services'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.
Total Energy Services Net Current Asset Value Chart
TOTZF vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Total Energy Services'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.
Total Energy Services Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Total Energy Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Total Energy Services'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 $-0.22 mean?
Total Energy Services (TOTZF) has a Net Current Asset Value of $-0.22 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 Total Energy Services and its competitors. According to the industry distribution chart, Total Energy Services ranks #999999 out of 298 companies in the Oil & Gas industry.
Is Total Energy Services' Net Current Asset Value too high?
Total Energy Services' current Net Current Asset Value is $-0.22. Based on the distribution chart, Total Energy Services ranks #999999 out of 298 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Total Energy Services has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Total Energy Services' Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Total Energy Services ranks #999999 out of 298 companies for Net Current Asset Value. This places Total Energy Services in the lower half of its industry. The industry median Net Current Asset Value is 3.87. 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 Total Energy Services 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. Total Energy Services's current Net Current Asset Value is $-0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Total Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Total Energy Services (TOTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.92, compared to a current price of $16.12 — trading 62.5% above its estimated fair value. The current Net Current Asset Value is $-0.22. Total Energy Services' overall GF Score™ is 80/100. 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 Total Energy Services (TOTZF), the current Net Current Asset Value is $-0.22 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 Total Energy Services (TOTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Total Energy Services stock appears to be overvalued.
The current stock price of $16.12 is trading 62.5% above its estimated GF Value™ of $9.92.
GuruFocus considers Total Energy Services to be Significantly Overvalued.
Key valuation signals for TOTZF:
Net Current Asset Value: $-0.22
GF Value™: $9.92 vs. price of $16.12 (62.5% above fair value)
No single metric tells the full story. See the TOTZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Total Energy Services Inc is a diversified energy services provider based in Calgary, Alberta. The company provides various products and services to the energy and other resource industries in Canada, the United States and Australia, including contract drilling services, the rental and transportation of equipment used in energy and other industrial operations, the fabrication, sale, rental and servicing of gas compression and process equipment and well servicing. Its segments include Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services, and Well Servicing. It derives majority of the revenue from Compression and Process Services segment that involves the design, manufacture, installation, start-up and service of compression and process equipment.
80GF Score
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