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).
Solitron Devices's net current asset value per share for the quarter that ended in Nov. 2023 was $0.89.
The historical rank and industry rank for Solitron Devices's Net Current Asset Value or its related term are showing as below:
SODI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.76 Med: 1.1 Max: 20.4
Current: 20.39
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Solitron Devices was 20.40. The lowest was 0.76. And the median was 1.10.
SODI's Price-to-Net-Current-Asset-Value is ranked worse than 86.35% of 718
companies
in the Semiconductors industry
Industry Median: 5.585
vs SODI: 20.39
Solitron Devices Net Current Asset Value Historical Data
The historical data trend for Solitron Devices'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 Solitron Devices's Net Current Asset Value
For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.
Solitron Devices's Price-to-Net-Current-Asset-Value Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Solitron Devices's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Solitron Devices's Price-to-Net-Current-Asset-Value falls into.
Solitron Devices Net Current Asset Value Calculation
Solitron Devices's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Feb. 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.
Solitron Devices (OTCPK:SODI) 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.
Solitron Devices Net Current Asset Value Related Terms
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Solitron Devices (Solitron Devices) Business Description
Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.
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