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PreVu (PRVU) Net Current Asset Value : $-0.87 (As of Apr. 2008)


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What is PreVu Net Current Asset Value?

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).

PreVu's net current asset value per share for the quarter that ended in Apr. 2008 was $-0.87.

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

PRVU's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.48
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

PreVu Net Current Asset Value Historical Data

The historical data trend for PreVu'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.

PreVu Net Current Asset Value Chart

PreVu Annual Data
Trend Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05 Jan06 Jan07
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 0.54 1.24 1.68 0.98

PreVu Quarterly Data
Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08
Net Current Asset Value Get a 7-Day Free Trial 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 0.46 -0.51 -0.58 -0.24 -0.87

Competitive Comparison of PreVu's Net Current Asset Value

For the Apparel Retail subindustry, PreVu'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.


PreVu's Price-to-Net-Current-Asset-Value Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PreVu's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where PreVu's Price-to-Net-Current-Asset-Value falls into.



PreVu Net Current Asset Value Calculation

PreVu's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jan. 2007 is calculated as

Net Current Asset Value Per Share(A: Jan. 2007 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(105.205-66.844-0-0)/39.2043
=0.98

PreVu's Net Current Asset Value (NCAV) per share for the quarter that ended in Apr. 2008 is calculated as

Net Current Asset Value Per Share(Q: Apr. 2008 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(49.055-83.449-0-0)/39.3722
=-0.87

* 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.


PreVu  (OTCPK:PRVU) 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.


PreVu Net Current Asset Value Related Terms

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PreVu (PRVU) Business Description

Traded in Other Exchanges
N/A
Address
7401 Boone Avenue North, Brooklyn Park, MN, USA, 55428
PreVu Inc is a retailer of leather outerwear, accessories and apparel in the United States. The company's products include men's and women's fashion leather jackets, handbags and other accessories.
Executives
William F Farley director 700 SOUTH SECOND STREET, #90, MINNEAPOLIS MN 55402
Michael M Searles director, officer: Chief Executive Officer 7401 BOONE AVENUE NORTH BROOKLYN PARK MN 55428
Michael T Sweeney director GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
R. Ted Weschler, director, 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Peninsula Investment Partners, L.p. 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Peninsula Capital Advisors Llc 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Michael T Cowhing director C/O NEWELL RUBBERMAID INC., THREE GLENLAKE PKWY., ATLANTA 2Q 30328
Michael J Mccoy director 1 HORMEL PLACE, AUSTIN TX 55912
Peter G Michielutti officer: Executive VP, CFO & COO 2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Joel N Waller director 2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Cheryl L Vitali director
Jenele C Grassle officer: Vice President 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441

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