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).
Rubis SCA's net current asset value per share for the quarter that ended in Dec. 2025 was €-15.15.
The historical rank and industry rank for Rubis SCA's Net Current Asset Value or its related term are showing as below:
WBO:RUI's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 4.11 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Rubis SCA (WBO:RUI) 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.
Rubis SCA Net Current Asset Value Related Terms
Rubis SCA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Rubis SCA'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.
WBO:RUI vs VLO, MPC, PSX: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Rubis SCA'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.
Rubis SCA Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Rubis SCA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rubis SCA'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 €-15.15 mean?
Rubis SCA (WBO:RUI) has a Net Current Asset Value of €-15.15 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Rubis SCA and its competitors. According to the industry distribution chart, Rubis SCA ranks #999999 out of 295 companies in the Oil & Gas industry.
Is Rubis SCA's Net Current Asset Value too high?
Rubis SCA's current Net Current Asset Value is €-15.15. Based on the distribution chart, Rubis SCA ranks #999999 out of 295 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Rubis SCA has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Rubis SCA's Net Current Asset Value compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Rubis SCA ranks #999999 out of 295 companies for Net Current Asset Value. This places Rubis SCA in the lower half of its industry. The industry median Net Current Asset Value is 4.11. 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 4.11, based on 295 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 Rubis SCA and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rubis SCA's current Net Current Asset Value is €-15.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubis SCA stock overvalued right now?
Rubis SCA (WBO:RUI) has a current Net Current Asset Value of €-15.15. The stock's GF Value™ is €25.95, compared to a current price of €31.46 — trading 21.2% above its estimated fair value. The current Net Current Asset Value is €-15.15. Rubis SCA's overall GF Score™ is 92/100 with 8 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 Rubis SCA (WBO:RUI), the current Net Current Asset Value is €-15.15 as of Dec. 2025. 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 Rubis SCA (WBO:RUI) Overvalued in 2026?
Based on GuruFocus' analysis, Rubis SCA stock appears to be overvalued.
The current stock price of €31.46 is trading 21.2% above its estimated GF Value™ of €25.95.
Key valuation signals for WBO:RUI:
Net Current Asset Value: €-15.15
GF Value™: €25.95 vs. price of €31.46 (21.2% above fair value)
No single metric tells the full story. See the WBO:RUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rubis SCA specializes in bulk liquid storage and the distribution of petroleum products. The company's operated businesses are Rubis Terminal, Rubis Energie, and Rubis Support and Services. Rubis Terminal stores, and Rubis Renouvelables. Its customers include energy and chemical groups, energy traders, and hypermarkets. The company's business segments are; Energy Distribution and Renewable Electricity Production. The majority of its revenue is generated from the Energy Distribution segment, which includes the retail and distribution of fuels, heating oils, lubricants, liquefied gases, and bitumen, as well as logistics, which includes trading supply, refining activity, and shipping. Geographically, the company derives maximum revenue from the Caribbean followed by Africa and Europe.
92GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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