Goldfine ManufacturersBKK:GFM-R Net Current Asset Value is ฿7.32 as of Sep. 2014, which is 100% below its 10-year median of 2.80. The stock has 3 warning signs investors should review.
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).
Goldfine Manufacturers's net current asset value per share for the quarter that ended in Sep. 2014 was ฿7.32.
The historical rank and industry rank for Goldfine Manufacturers's Net Current Asset Value or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Goldfine Manufacturers was 3.77. The lowest was 2.03. And the median was 2.80.
BKK:GFM-R's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.01 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Goldfine Manufacturers (BKK:GFM-R) 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.
Goldfine Manufacturers Net Current Asset Value Related Terms
Goldfine Manufacturers Net Current Asset Value Historical Data
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The historical data trend for Goldfine Manufacturers'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.
Goldfine Manufacturers Net Current Asset Value Chart
Goldfine Manufacturers Net Current Asset Value Competitor Comparison
For the Luxury Goods subindustry, Goldfine Manufacturers'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.
Goldfine Manufacturers Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Goldfine Manufacturers's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of ฿7.32 mean?
Goldfine Manufacturers (BKK:GFM-R) has a Net Current Asset Value of ฿7.32 as of Sep. 2014. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Goldfine Manufacturers and its competitors. This is 161% above median its historical median of 2.80. Over the past decade, Goldfine Manufacturers' Net Current Asset Value has ranged from 2.03 to 3.77.
Is Goldfine Manufacturers' Net Current Asset Value too high?
Goldfine Manufacturers' current Net Current Asset Value of ฿7.32 is 161% above median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 3.77.
How does Goldfine Manufacturers' Net Current Asset Value compare to competitors?
Goldfine Manufacturers' Net Current Asset Value of ฿7.32 can be compared against companies in the Retail - Cyclical industry. The industry median Net Current Asset Value is 3.01. Historically, Goldfine Manufacturers' own Net Current Asset Value has ranged from 2.03 to 3.77 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.01, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Net Current Asset Value is ฿7.32, which is 161% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Net Current Asset Value of ฿7.32. The current Net Current Asset Value is ฿7.32, which is 161% above median its 10-year median of 2.80. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Net Current Asset Value is ฿7.32 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.
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