Verde Clean FuelsVGAS -6.42%34 Net Current Asset Value is $1.21 as of Mar. 2026, which is 70% below its 10-year median of 3.98. GuruFocus rates VGAS with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 104 Utilities - Independent Power Producers companies, Verde Clean Fuels ranks better than 89.42% 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).
Verde Clean Fuels's net current asset value per share for the quarter that ended in Mar. 2026 was $1.21.
The historical rank and industry rank for Verde Clean Fuels's Net Current Asset Value or its related term are showing as below:
VGAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.84 Med: 3.98 Max: 14.8
Current: 0.85
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Verde Clean Fuels was 14.80. The lowest was 0.84. And the median was 3.98.
VGAS's Price-to-Net-Current-Asset-Value is ranked better than 89.42% of 104
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.89
vs VGAS: 0.85
Verde Clean Fuels (NAS:VGAS) 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.
Verde Clean Fuels Net Current Asset Value Related Terms
Verde Clean Fuels Net Current Asset Value Historical Data
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The historical data trend for Verde Clean Fuels'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.
VGAS vs BESS, WNDW, AGIG: Net Current Asset Value Comparison
For the Utilities - Renewable subindustry, Verde Clean Fuels'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.
Verde Clean Fuels Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Verde Clean Fuels's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Verde Clean Fuels'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 $1.21 mean?
Verde Clean Fuels (VGAS) has a Net Current Asset Value of $1.21 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 Verde Clean Fuels and its competitors. This is 70% below median its historical median of 3.98. Over the past decade, Verde Clean Fuels' Net Current Asset Value has ranged from 0.84 to 14.80. According to the industry distribution chart, Verde Clean Fuels ranks #11 out of 104 companies in the Utilities - Independent Power Producers industry, placing it in the top 10.6%.
Is Verde Clean Fuels' Net Current Asset Value too high?
Verde Clean Fuels' current Net Current Asset Value of $1.21 is 70% below median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 14.80. The Utilities - Independent Power Producers industry median Net Current Asset Value is 4.89. Verde Clean Fuels' value of $1.21 is 75.3% below this industry median. Based on the distribution chart, Verde Clean Fuels ranks #11 out of 104 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Verde Clean Fuels has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Verde Clean Fuels' Net Current Asset Value compare to BESS and WNDW?
According to the Utilities - Independent Power Producers industry distribution chart, Verde Clean Fuels ranks #11 out of 104 companies for Net Current Asset Value. This places Verde Clean Fuels in the top 11% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.89. Verde Clean Fuels' value of $1.21 is 75.3% below this benchmark. Historically, Verde Clean Fuels' own Net Current Asset Value has ranged from 0.84 to 14.80 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 4.89, Verde Clean Fuels 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.89, based on 104 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. Verde Clean Fuels's current Net Current Asset Value of $1.21 is 75.3% 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 Verde Clean Fuels and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verde Clean Fuels's current Net Current Asset Value is $1.21, which is 70% below median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verde Clean Fuels stock overvalued right now?
Verde Clean Fuels (VGAS) has a current Net Current Asset Value of $1.21. The current Net Current Asset Value is $1.21, which is 70% below median its 10-year median of 3.98 and 75.3% below the Utilities - Independent Power Producers industry median of 4.89. Verde Clean Fuels' overall GF Score™ is 34/100 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 Verde Clean Fuels (VGAS), the current Net Current Asset Value is $1.21 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.
Verde Clean Fuels Inc is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, MSW, and mixed plastics, as well as natural gas (including synthetic natural gas) and other feedstocks, into liquid hydrocarbons that can be used as gasoline through a proprietary liquid fuels technology, the STG process.
34GF Score
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