Trio PetroleumTPET -1.83%34 Net Current Asset Value is $0.52 as of Apr. 2026, which is 98% below its 10-year median of 28.36. GuruFocus rates TPET with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 296 Oil & Gas companies, Trio Petroleum ranks better than 96.28% 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).
Trio Petroleum's net current asset value per share for the quarter that ended in Apr. 2026 was $0.52.
The historical rank and industry rank for Trio Petroleum's Net Current Asset Value or its related term are showing as below:
TPET'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.57 Med: 28.36 Max: 47.13
Current: 0.58
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Trio Petroleum was 47.13. The lowest was 0.57. And the median was 28.36.
TPET's Price-to-Net-Current-Asset-Value is ranked better than 96.28% of 296
companies
in the Oil & Gas industry
Industry Median: 3.835
vs TPET: 0.58
Trio Petroleum (AMEX:TPET) 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.
Trio Petroleum Net Current Asset Value Related Terms
Trio Petroleum Net Current Asset Value Historical Data
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The historical data trend for Trio Petroleum'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.
TPET vs NRIS, BRN, GULTU: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, Trio Petroleum'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.
Trio Petroleum Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Trio Petroleum's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Trio Petroleum'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 $0.52 mean?
Trio Petroleum (TPET) has a Net Current Asset Value of $0.52 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Trio Petroleum and its competitors. This is 98% below median its historical median of 28.36. Over the past decade, Trio Petroleum's Net Current Asset Value has ranged from 0.57 to 47.13. According to the industry distribution chart, Trio Petroleum ranks #11 out of 296 companies in the Oil & Gas industry, placing it in the top 3.7%.
Is Trio Petroleum's Net Current Asset Value too high?
Trio Petroleum's current Net Current Asset Value of $0.52 is 98% below median its 10-year median of 28.36. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 47.13. The Oil & Gas industry median Net Current Asset Value is 3.84. Trio Petroleum's value of $0.52 is 86.4% below this industry median. Based on the distribution chart, Trio Petroleum ranks #11 out of 296 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Trio Petroleum has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Trio Petroleum's Net Current Asset Value compare to NRIS and BRN?
According to the Oil & Gas industry distribution chart, Trio Petroleum ranks #11 out of 296 companies for Net Current Asset Value. This places Trio Petroleum in the top 4% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.84. Trio Petroleum's value of $0.52 is 86.4% below this benchmark. Historically, Trio Petroleum's own Net Current Asset Value has ranged from 0.57 to 47.13 over the past decade. While the company's 10-year median is 28.36 vs. the industry median of 3.84, Trio Petroleum 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.84, based on 296 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. Trio Petroleum's current Net Current Asset Value of $0.52 is 86.4% 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 Trio Petroleum and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trio Petroleum's current Net Current Asset Value is $0.52, which is 98% below median its own 10-year median of 28.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trio Petroleum stock overvalued right now?
Trio Petroleum (TPET) has a current Net Current Asset Value of $0.52. The current Net Current Asset Value is $0.52, which is 98% below median its 10-year median of 28.36 and 86.4% below the Oil & Gas industry median of 3.84. Trio Petroleum's overall GF Score™ is 34/100 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 Trio Petroleum (TPET), the current Net Current Asset Value is $0.52 as of Apr. 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.
Trio Petroleum Corp is an oil and gas exploration and development company with operations in Monterey County, California, and Uintah County, Utah. The Company holds a working interest in the South Salinas Project and a mineral leasehold consisting of a largely contiguous land package. The South Salinas Project includes six existing idle wells and one active well (the HV-1 well). Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
34GF Score
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