What is Innovative Solutions and Support Net Current Asset Value?
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 Innovative Solutions and Support's Net Current Asset Value or its related term are showing as below:
ISSC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.5 Med: 2.84 Max: 13.33
Current: 10.09
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Innovative Solutions and Support was 13.33. The lowest was 1.50. And the median was 2.84.
ISSC's Price-to-Net-Current-Asset-Value is ranked worse than 57.52% of 153
companies
in the Aerospace & Defense industry
Industry Median: 8.45
vs ISSC: 10.09
Innovative Solutions and Support 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.
* Premium members only.
Innovative Solutions and Support Net Current Asset Value Chart
Competitive Comparison of Innovative Solutions and Support's Net Current Asset Value
For the Aerospace & Defense subindustry, Innovative Solutions and Support'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.
Innovative Solutions and Support's Price-to-Net-Current-Asset-Value Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Innovative Solutions and Support's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Innovative Solutions and Support's Price-to-Net-Current-Asset-Value falls into.
Innovative Solutions and Support Net Current Asset Value Calculation
Innovative Solutions and Support's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2023 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.
Innovative Solutions and Support (NAS:ISSC) 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.
Innovative Solutions and Support Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Innovative Solutions and Support's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Solutions and Support (Innovative Solutions and Support) Business Description
Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Advanced Global Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ISSC has been successfully added to your 