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).
Educational Development's net current asset value per share for the quarter that ended in Nov. 2023 was $2.91.
The historical rank and industry rank for Educational Development's Net Current Asset Value or its related term are showing as below:
EDUC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.29 Med: 3.11 Max: 26.48
Current: 0.77
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Educational Development was 26.48. The lowest was 0.29. And the median was 3.11.
EDUC's Price-to-Net-Current-Asset-Value is ranked better than 90.56% of 540
companies
in the Media - Diversified industry
Industry Median: 3.375
vs EDUC: 0.77
Educational Development Net Current Asset Value Historical Data
The historical data trend for Educational Development'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.
For the Publishing subindustry, Educational Development'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.
Educational Development Price-to-Net-Current-Asset-Value Distribution
For the Media - Diversified industry and Communication Services sector, Educational Development's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Educational Development's Price-to-Net-Current-Asset-Value falls into.
Educational Development Net Current Asset Value Calculation
Educational Development'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.
Educational Development (NAS:EDUC) 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.
Educational Development Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Educational Development's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Educational Development (Educational Development) Business Description
Educational Development Corp is the United States trade publisher of the line of educational children's books produced in the United Kingdom. Its business activity functions with two reportable segments: Direct Sales Division segment and Publishing Division segment. The Publishing Division segment markets its products to retail accounts, which include the book, school supplies, toy and gift stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group. The Direct Sales Division segment sells their books and products through independent brand partners direct to the customer. It derives a majority of revenue from the Direct sales division segment.
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