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).
Jewett-Cameron Trading Co's net current asset value per share for the quarter that ended in Feb. 2024 was $5.73.
The historical rank and industry rank for Jewett-Cameron Trading Co's Net Current Asset Value or its related term are showing as below:
JCTCF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.83 Med: 1.77 Max: 2.24
Current: 0.89
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Jewett-Cameron Trading Co was 2.24. The lowest was 0.83. And the median was 1.77.
JCTCF's Price-to-Net-Current-Asset-Value is ranked better than 89.92% of 129
companies
in the Forest Products industry
Industry Median: 3.12
vs JCTCF: 0.89
Jewett-Cameron Trading Co Net Current Asset Value Historical Data
The historical data trend for Jewett-Cameron Trading Co'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.
* Premium members only.
Jewett-Cameron Trading Co Annual Data
Trend
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
Aug22
Aug23
Net Current Asset Value
4.46
4.71
5.43
5.50
5.43
Jewett-Cameron Trading Co Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Net Current Asset Value
5.06
5.30
5.43
5.86
5.73
Competitive Comparison
For the Lumber & Wood Production subindustry, Jewett-Cameron Trading Co'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.
Jewett-Cameron Trading Co Price-to-Net-Current-Asset-Value Distribution
For the Forest Products industry and Basic Materials sector, Jewett-Cameron Trading Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Jewett-Cameron Trading Co's Price-to-Net-Current-Asset-Value falls into.
Jewett-Cameron Trading Co Net Current Asset Value Calculation
Jewett-Cameron Trading Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Aug. 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.
Jewett-Cameron Trading Co (NAS:JCTCF) 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.
Jewett-Cameron Trading Co Net Current Asset Value Related Terms
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Jewett-Cameron Trading Co (Jewett-Cameron Trading Co) Business Description
Jewett-Cameron Trading Co Ltd through its subsidiaries engages in the wholesale distribution of a variety of specialty wood products. Its operating segments include, The Industrial wood products segment is engaged in the processing and distribution of industrial wood products. The Pet Fencing and Other segment, which is the key revenue driver, operates as a wholesaler of wood products and a manufacturer and distributor of specialty metal products. The Seed processing and sales segment processes and distributes agricultural seed and Corporate and administrative. The company predominantly operates in United States and also has its presence in Canada, Latin America, Europe and Asia and other regions.
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