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).
Diamondback Energy's net current asset value per share for the quarter that ended in Mar. 2026 was CHF-86.49.
The historical rank and industry rank for Diamondback Energy's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Diamondback Energy was 65.20. The lowest was 65.20. And the median was 65.20.
XSWX:FANG's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.945 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Diamondback Energy (XSWX:FANG) 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.
Diamondback Energy Net Current Asset Value Related Terms
Diamondback Energy Net Current Asset Value Historical Data
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The historical data trend for Diamondback Energy'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.
For the Oil & Gas E&P subindustry, Diamondback Energy'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.
Diamondback Energy Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Diamondback Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Diamondback Energy'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 CHF-86.49 mean?
Diamondback Energy (XSWX:FANG) has a Net Current Asset Value of CHF-86.49 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 Diamondback Energy and its competitors. Over the past decade, Diamondback Energy's Net Current Asset Value has ranged from 65.20 to 65.20. According to the industry distribution chart, Diamondback Energy ranks #999999 out of 296 companies in the Oil & Gas industry.
Is Diamondback Energy's Net Current Asset Value too high?
Diamondback Energy's current Net Current Asset Value is CHF-86.49. Over the past 10 years, this metric has ranged from a low of 65.20 to a high of 65.20. Based on the distribution chart, Diamondback Energy ranks #999999 out of 296 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Diamondback Energy has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Diamondback Energy's Net Current Asset Value compare to ?
According to the Oil & Gas industry distribution chart, Diamondback Energy ranks #999999 out of 296 companies for Net Current Asset Value. This places Diamondback Energy in the lower half of its industry. The industry median Net Current Asset Value is 3.95. Historically, Diamondback Energy's own Net Current Asset Value has ranged from 65.20 to 65.20 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.95, 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. 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 Diamondback Energy and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamondback Energy's current Net Current Asset Value is CHF-86.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamondback Energy stock overvalued right now?
Diamondback Energy (XSWX:FANG) has a current Net Current Asset Value of CHF-86.49. The stock's GF Value™ is CHF154.21, compared to a current price of CHF138.94 — trading 9.9% below its estimated fair value. The current Net Current Asset Value is CHF-86.49. Diamondback Energy's overall GF Score™ is 68/100 with 6 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 Diamondback Energy (XSWX:FANG), the current Net Current Asset Value is CHF-86.49 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 Diamondback Energy (XSWX:FANG) Overvalued in 2026?
Based on GuruFocus' analysis, Diamondback Energy stock appears to be undervalued.
The current stock price of CHF138.94 is trading 9.9% below its estimated GF Value™ of CHF154.21.
Key valuation signals for XSWX:FANG:
Net Current Asset Value: CHF-86.49
GF Value™: CHF154.21 vs. price of CHF138.94 (9.9% below fair value)
No single metric tells the full story. See the XSWX:FANG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.
68GF Score
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