What is Firan Technology Group 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).
Firan Technology Group's net current asset value per share for the quarter that ended in Feb. 2024 was C$0.33.
The historical rank and industry rank for Firan Technology Group's Net Current Asset Value or its related term are showing as below:
TSX:FTG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.91 Med: 3.54 Max: 53.33
Current: 15.36
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Firan Technology Group was 53.33. The lowest was 1.91. And the median was 3.54.
TSX:FTG's Price-to-Net-Current-Asset-Value is ranked worse than 72.55% of 153
companies
in the Aerospace & Defense industry
Industry Median: 8.45
vs TSX:FTG: 15.36
Firan Technology Group Net Current Asset Value Historical Data
The historical data trend for Firan Technology Group'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.
Firan Technology Group Net Current Asset Value Chart
Competitive Comparison of Firan Technology Group's Net Current Asset Value
For the Aerospace & Defense subindustry, Firan Technology Group'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.
Firan Technology Group's Price-to-Net-Current-Asset-Value Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Firan Technology Group's Price-to-Net-Current-Asset-Value falls into.
Firan Technology Group Net Current Asset Value Calculation
Firan Technology Group'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.
Firan Technology Group (TSX:FTG) 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.
Firan Technology Group Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Firan Technology Group's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Firan Technology Group (TSX:FTG) Business Description
Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:FTG has been successfully added to your 