What is Monmouth Real Estate Investment 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 Monmouth Real Estate Investment's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Monmouth Real Estate Investment was 5.26. The lowest was 0.00. And the median was 3.67.
MNR's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.36 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Monmouth Real Estate Investment 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.
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Monmouth Real Estate Investment Net Current Asset Value Chart
Competitive Comparison of Monmouth Real Estate Investment's Net Current Asset Value
For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.
Monmouth Real Estate Investment's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Monmouth Real Estate Investment's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Monmouth Real Estate Investment's Price-to-Net-Current-Asset-Value falls into.
Monmouth Real Estate Investment Net Current Asset Value Calculation
Monmouth Real Estate Investment's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2021 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.
Monmouth Real Estate Investment (NYSE:MNR) 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.
Monmouth Real Estate Investment Net Current Asset Value Related Terms
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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
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