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).
Trilogy Metals's net current asset value per share for the quarter that ended in May. 2022 was $0.02.
The historical rank and industry rank for Trilogy Metals's Net Current Asset Value or its related term are showing as below:
TMQ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.3 Med: 14.04 Max: 293
Current: 33.37
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Trilogy Metals was 293.00. The lowest was 2.30. And the median was 14.04.
TMQ's Price-to-Net-Current-Asset-Value is ranked worse than 93.66% of 1324
companies
in the Metals & Mining industry
Industry Median: 5.09
vs TMQ: 33.37
Trilogy Metals Net Current Asset Value Historical Data
The historical data trend for Trilogy Metals'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.
Trilogy Metals Annual Data
Trend
Nov12
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Net Current Asset Value
-0.05
0.01
-0.09
0.07
0.04
Trilogy Metals Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Net Current Asset Value
0.05
0.04
0.04
0.03
0.02
Competitive Comparison
For the Other Industrial Metals & Mining subindustry, Trilogy Metals's Net Current Asset Value, along with its competitors' market caps and 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.
Trilogy Metals Net Current Asset Value Distribution
For the Metals & Mining industry and Basic Materials sector, Trilogy Metals's Net Current Asset Value distribution charts can be found below:
* The bar in red indicates where Trilogy Metals's Net Current Asset Value falls into.
Trilogy Metals Net Current Asset Value Calculation
Trilogy Metals's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Nov. 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.
Trilogy Metals (AMEX:TMQ) 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.
Trilogy Metals Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Trilogy Metals's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.
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