The historical rank and industry rank for Encore Wire's Net Cash per Share or its related term are showing as below:
WIRE'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4.7 Med: 12.31 Max: 81.79
Current: 11.67
During the past 13 years, the highest Price-to-Net-Cash Ratio of Encore Wire was 81.79. The lowest was 4.70. And the median was 12.31.
WIRE's Price-to-Net-Cash is ranked worse than 61.54% of 663
companies
in the Industrial Products industry
Industry Median: 8.17
vs WIRE: 11.67
Encore Wire Net Cash per Share Historical Data
The historical data trend for Encore Wire's Net Cash per Share 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 Encore Wire's Net Cash per Share
For the Electrical Equipment & Parts subindustry, Encore Wire's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Encore Wire's Price-to-Net-Cash Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Encore Wire's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Encore Wire's Price-to-Net-Cash falls into.
Encore Wire Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Encore Wire's Net Cash per Share for the fiscal year that ended in Dec. 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.
Encore Wire (NAS:WIRE) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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 Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Encore Wire Net Cash per Share Related Terms
Thank you for viewing the detailed overview of Encore Wire's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.
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