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D.R. Horton Net Current Asset Value

: $48.21 (As of Jun. 2022)
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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).

D.R. Horton's net current asset value per share for the quarter that ended in Jun. 2022 was $48.21.

The historical rank and industry rank for D.R. Horton's Net Current Asset Value or its related term are showing as below:

DHI' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.11   Med: 2.29   Max: 4.64
Current: 1.55

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of D.R. Horton was 4.64. The lowest was 1.11. And the median was 2.29.

DHI's Price-to-Net-Current-Asset-Value is ranked worse than
51.85% of 81 companies
in the Homebuilding & Construction industry
Industry Median: 1.57 vs DHI: 1.55

D.R. Horton Net Current Asset Value Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.10 21.76 24.73 29.46 39.52

D.R. Horton Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Current Asset Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.34 39.52 41.92 44.65 48.21

Competitive Comparison

For the Residential Construction subindustry, D.R. Horton'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.

   

D.R. Horton Net Current Asset Value Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Net Current Asset Value distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Net Current Asset Value falls into.



D.R. Horton Net Current Asset Value Calculation

D.R. Horton's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2021 is calculated as

Net Current Asset Value Per Share(A: Sep. 2021 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(23197.6-8799.7-329.7-0)/356.016
=39.52

D.R. Horton's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2022 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(27553.6-10434.4-373-0)/347.377
=48.21

* 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.


D.R. Horton  (NYSE:DHI) 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 Graham’s 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. GuruFocus also publishes a monthly Net-Net newsletter.


D.R. Horton Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of D.R. Horton's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


D.R. Horton Business Description

D.R. Horton logo
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 98 markets across 31 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Romanowski Paul J officer: EVP and COO 1341 HORTON CIRCLE ARLINGTON TX 76011
Carson Benjamin Sr director PO BOX 3599 BATTLE CREEK MI 49016-3599
Miller Maribess L director 2711 N. HASKELL AVENUE SUITE 2300 DALLAS TX 75204
Odom Aron M. officer: VP, Controller and PAO 1341 HORTON CIRCLE ARLINGTON TX 76011
Murray Michael J officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Allen Barbara K director 1361 HORTON CIRCLE ARLINGTON TX 76011
Auld David V officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Buchanan Michael R director 1341 HORTON CIRCLE ARLINGTON TX 76011
Hewatt Michael W director 1361 HORTON CIRCLE ARLINGTON TX 76011
Anderson Bradley S director 1361 HORTON CIRCLE ARLINGTON TX 76011
Dwyer Stacey officer: EVP and Treasurer 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102
Horton Donald R director, officer: Chairman 1361 HORTON CIRCLE ARLINGTON TX 76011
Wheat Bill W director, officer: EVP and CFO 1361 HORTON CIRCLE ARLINGTON TX 76011
Tomnitz Donald J director, officer: President and CEO 2221 E. LAMAR BLVD. SUITE 790 ARLINGTON TX 76006
Scott Bobby G director 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102

D.R. Horton Headlines

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