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 ExOne Co's net current asset value per share for the quarter that ended in Sep. 2021 was $5.86.
The historical rank and industry rank for The ExOne Co's Net Current Asset Value or its related term are showing as below:
XONE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.96 Med: 5.56 Max: 16.09
Current: 4.56
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of The ExOne Co was 16.09. The lowest was 2.96. And the median was 5.56.
XONE's Price-to-Net-Current-Asset-Value is not ranked
in the Industrial Products industry.
Industry Median: 4.26
vs XONE: 4.56
The ExOne Co Net Current Asset Value Historical Data
The historical data trend for The ExOne 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.
Competitive Comparison of The ExOne Co's Net Current Asset Value
For the Specialty Industrial Machinery subindustry, The ExOne 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.
The ExOne Co's Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The ExOne Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where The ExOne Co's Price-to-Net-Current-Asset-Value falls into.
The ExOne Co Net Current Asset Value Calculation
The ExOne Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 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.
The ExOne Co (NAS:XONE) 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.
The ExOne Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of The ExOne Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
The ExOne Co is a provider of 3D printing machines and 3D printed and other products, materials and services to industrial customers. The company's business consists of manufacturing and selling 3D printing machines and printing products which generate the majority of the revenues. Its machines are customized as per the customer requirements. ExOne's machines serve through direct and indirect applications, with which it produces a component as well as makes a tool to produce a component. The company offers pre-production collaboration and print products for through production service centers, which are located in the United States, Germany, Italy, Sweden, and Japan. It builds 3D printing machines at the facilities in the United States and Germany.
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