E*TRADE Financial (E*TRADE Financial) Net-Net Working Capital : $-194.33 (As of Jun. 2020)

E*TRADE Financial Net-Net Working Capital Chart

E*TRADE Financial Annual Data
	Trend	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Net-Net Working Capital		Get a 7-Day Free Trial					-83.81	-96.68	-129.78	-134.18	-153.91

E*TRADE Financial Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Net-Net Working Capital	Get a 7-Day Free Trial															-144.32	-147.87	-153.91	-174.81	-194.33

Competitive Comparison of E*TRADE Financial's Net-Net Working Capital

For the Capital Markets subindustry, E*TRADE Financial's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.

E*TRADE Financial's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, E*TRADE Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where E*TRADE Financial's Price-to-Net-Net-Working-Capital falls into.

E*TRADE Financial Net-Net Working Capital Calculation

E*TRADE Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

E*TRADE Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2020 is calculated as

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

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.

This is a conservative way of estimating the company's value.

E*TRADE Financial  (NAS:ETFC) Net-Net Working Capital Explanation

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 Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

E*TRADE Financial Net-Net Working Capital Related Terms

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E*TRADE Financial (E*TRADE Financial) Business Description