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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 Vulcan Infrastructure and Power's Net Current Asset Value or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vulcan Infrastructure and Power was 82.92. The lowest was 82.92. And the median was 82.92.
VIP's Price-to-Net-Current-Asset-Value is not ranked *
in the Capital Markets industry.
Industry Median: 2.63 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Vulcan Infrastructure and Power (NAS:VIP) 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.
Vulcan Infrastructure and Power Net Current Asset Value Related Terms
Vulcan Infrastructure and Power 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.
Vulcan Infrastructure and Power Net Current Asset Value Chart
VIP vs GRAN, MDBH, COHN: Net Current Asset Value Comparison
For the Capital Markets subindustry, Vulcan Infrastructure and Power'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.
Vulcan Infrastructure and Power Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Vulcan Infrastructure and Power's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vulcan Infrastructure and Power'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 $-4.11 mean?
Vulcan Infrastructure and Power (VIP) has a Net Current Asset Value of $-4.11 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 Vulcan Infrastructure and Power and its competitors. Over the past decade, Vulcan Infrastructure and Power's Net Current Asset Value has ranged from 82.92 to 82.92. According to the industry distribution chart, Vulcan Infrastructure and Power ranks #999999 out of 503 companies in the Capital Markets industry.
Is Vulcan Infrastructure and Power's Net Current Asset Value too high?
Vulcan Infrastructure and Power's current Net Current Asset Value is $-4.11. Over the past 10 years, this metric has ranged from a low of 82.92 to a high of 82.92. Based on the distribution chart, Vulcan Infrastructure and Power ranks #999999 out of 503 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Vulcan Infrastructure and Power has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Infrastructure and Power's Net Current Asset Value compare to GRAN and MDBH?
According to the Capital Markets industry distribution chart, Vulcan Infrastructure and Power ranks #999999 out of 503 companies for Net Current Asset Value. This places Vulcan Infrastructure and Power in the lower half of its industry. The industry median Net Current Asset Value is 2.63. Historically, Vulcan Infrastructure and Power's own Net Current Asset Value has ranged from 82.92 to 82.92 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.63, based on 503 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 Vulcan Infrastructure and Power and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Infrastructure and Power's current Net Current Asset Value is $-4.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Infrastructure and Power stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Infrastructure and Power (VIP) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.08, compared to a current price of $2.45 — trading 126.9% above its estimated fair value. The current Net Current Asset Value is $-4.11. Vulcan Infrastructure and Power's overall GF Score™ is 40/100 with 10 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 Vulcan Infrastructure and Power (VIP), the current Net Current Asset Value is $-4.11 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 Vulcan Infrastructure and Power (VIP) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Infrastructure and Power stock appears to be overvalued.
The current stock price of $2.45 is trading 126.9% above its estimated GF Value™ of $1.08.
GuruFocus considers Vulcan Infrastructure and Power to be Significantly Overvalued.
Key valuation signals for VIP:
Net Current Asset Value: $-4.11
GF Value™: $1.08 vs. price of $2.45 (126.9% above fair value)
No single metric tells the full story. See the VIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Infrastructure and Power Business Description
Greenidge Generation Holdings Inc owns and operates a vertically integrated cryptocurrency data center. The company has one reportable segment: The Datacenter Operations segment, that derives revenue through datacenter hosting, crypto-currency self-mining, and power and capacity sales. It owns and operate a vertically integrated cryptocurrency datacenter and power generation facility in Torrey, New York, which includes a natural gas power generation plant of nameplate capacity. The cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the bitcoin network with application-specific integrated circuit computers owned or leased by the company.
40GF Score
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