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).
BNY Mellon Strategic Municipal Bond Fund,'s net current asset value per share for the quarter that ended in Nov. 2023 was $0.00.
The historical rank and industry rank for BNY Mellon Strategic Municipal Bond Fund,'s Net Current Asset Value or its related term are showing as below:
DSM's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.3 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
BNY Mellon Strategic Municipal Bond Fund, Net Current Asset Value Historical Data
The historical data trend for BNY Mellon Strategic Municipal Bond Fund,'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.
BNY Mellon Strategic Municipal Bond Fund, Annual Data
For the Asset Management subindustry, BNY Mellon Strategic Municipal Bond Fund,'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.
BNY Mellon Strategic Municipal Bond Fund, Price-to-Net-Current-Asset-Value Distribution
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipal Bond Fund,'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipal Bond Fund,'s Price-to-Net-Current-Asset-Value falls into.
BNY Mellon Strategic Municipal Bond Fund, Net Current Asset Value Calculation
BNY Mellon Strategic Municipal Bond Fund,'s Net Current Asset Value (NCAV) per share for the fiscal year that ended in Nov. 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.
BNY Mellon Strategic Municipal Bond Fund, (NYSE:DSM) 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.
BNY Mellon Strategic Municipal Bond Fund, Net Current Asset Value Related Terms
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BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Business Description
BNY Mellon Strategic Municipal Bond Fund, Inc. is a diversified closed-end management investment company. Its investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company provides access to a diverse global network of world-class investment management boutiques, that deliver investment insight and strategies backed by quality, performance, and client relationships.
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