United Online (United Online) Net Current Asset Value : $5.05 (As of Mar. 2016)

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What is United Online 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).

United Online's net current asset value per share for the quarter that ended in Mar. 2016 was $5.05.

The historical rank and industry rank for United Online's Net Current Asset Value or its related term are showing as below:

UNTD's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Interactive Media industry.
Industry Median: 3.825
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

United Online Net Current Asset Value Historical Data

The historical data trend for United Online'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.

United Online Net Current Asset Value Chart

United Online Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Net Current Asset Value

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-22.58

-22.95

-0.14

0.25

5.04

United Online Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Net Current Asset Value	Get a 7-Day Free Trial															0.33	0.73	4.82	5.04	5.05

Competitive Comparison of United Online's Net Current Asset Value

For the Internet Content & Information subindustry, United Online'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.

United Online's Price-to-Net-Current-Asset-Value Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, United Online's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where United Online's Price-to-Net-Current-Asset-Value falls into.

United Online Net Current Asset Value Calculation

United Online's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2015 is calculated as

	Net Current Asset Value Per Share		(A: Dec. 2015 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(135.375	-	60.59	-	0	-	0)	/	14.85
=	5.04

United Online's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2016 is calculated as

	Net Current Asset Value Per Share		(Q: Mar. 2016 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(131.882	-	56.389	-	0	-	0)	/	14.9425
=	5.05

United Online (NAS:UNTD) 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.

United Online Net Current Asset Value Related Terms

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United Online (United Online) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » United Online Inc (NAS:UNTD) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.unitedonline.net

United Online Inc is a Delaware corporation that commenced operations in 2001 following the merger of dial-up Internet access providers NetZero, Inc. (NetZero) and Juno Online Services, Inc. The Company provides consumer services and products over the Internet under a number of brands, including StayFriends, Trombi, MyPoints, NetZero, and Juno. The Company operates in two segments, namely Content & Media and Communications. The Content & Media segment provides social networking services and products under the StayFriends, and Trombi brands. It operates its social networking services as a platform to enable users to locate and interact with acquaintances from their past, with high school affiliations as the primary focus. Its domestic and international social networking services comprise a large and diverse population of users. It also provides advertising opportunities to marketers with both brand and direct response objectives through a full suite of display, search, email, and text-link opportunities across its various properties. Its social networking products primarily consist of yearbook reprints. Its principal Communications pay service is dial-up Internet access, offered under the NetZero and Juno brands. It also offers mobile broadband, DSL, email, Internet security, web hosting services, and other services. Each of its services, including social networking services, loyalty marketing service, and Internet access services operates on a separate and distinct technology platform. The Company has international operations in India and Germany. Its operations in India primarily handle software development and operations, quality assurance and email customer support. Its operations in Germany provide social networking services in Germany, Sweden, France, Austria, and Switzerland. It competes with major social networking platforms such as Facebook, as well as Internet search engines such as Google, other online loyalty marketing programs, such as Ebates, as well as offline loyalty marketing programs that have a significant online presence, such as those operated by credit card, airline and hotel companies, members from online providers of discounted offerings and coupons, such as Groupon and LivingSocial, as well as AT&T, Verizon, Sprint and T-Mobile. The Company is subject to a number of international, federal, state, and local laws and regulations, including, without limitation, those relating to taxation, bulk email or "spam," advertising, user privacy and data protection, consumer protection, antitrust, export, and unclaimed property.

Executives

Andrew Miller	director	111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Kenneth D Denman	director
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
B. Riley & Co., Llc	10 percent owner	11100 SANTA MONICA BLVD., STE. 800, LOS ANGELES CA 90025
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Edward K Zinser	officer: EVP & Chief Financial Officer	201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Kenneth L Coleman	director	C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071
Harold Zeitz	officer: President, Classmates, Inc.	C/O UNITED ONLINE, 21301 BURBANK BOULEVARD, WOODLAND HILLS CA 91367-6677
Charles B. Ammann	officer: EVP, General Counsel, Sec.	200 FLYNN ROAD, CAMARILLO CA 93012