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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).
Appollo Ispat Complex's net current asset value per share for the quarter that ended in Mar. 2019 was BDT6.79.
The historical rank and industry rank for Appollo Ispat Complex's Net Current Asset Value or its related term are showing as below:
DHA:APOLOISPAT's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 3 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Appollo Ispat Complex (DHA:APOLOISPAT) 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.
Appollo Ispat Complex Net Current Asset Value Related Terms
Appollo Ispat Complex Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Appollo Ispat Complex'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.
Appollo Ispat Complex Net Current Asset Value Chart
DHA:APOLOISPAT vs TPCS: Net Current Asset Value Comparison
For the Steel subindustry, Appollo Ispat Complex'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.
Appollo Ispat Complex Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Appollo Ispat Complex's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Appollo Ispat Complex'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 BDT6.79 mean?
Appollo Ispat Complex (DHA:APOLOISPAT) has a Net Current Asset Value of BDT6.79 as of Mar. 2019. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Appollo Ispat Complex and its competitors.
Is Appollo Ispat Complex's Net Current Asset Value too high?
Appollo Ispat Complex's current Net Current Asset Value is BDT6.79. Overall, Appollo Ispat Complex has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Appollo Ispat Complex's Net Current Asset Value compare to TPCS?
Appollo Ispat Complex's Net Current Asset Value of BDT6.79 can be compared against companies in the Steel industry. The industry median Net Current Asset Value is 3.00. 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 Steel company?
The median Net Current Asset Value among Steel companies is 3.00, based on 369 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 Appollo Ispat Complex and its competitors. For the Steel industry, the median Net Current Asset Value is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appollo Ispat Complex's current Net Current Asset Value is BDT6.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appollo Ispat Complex stock overvalued right now?
Appollo Ispat Complex (DHA:APOLOISPAT) has a current Net Current Asset Value of BDT6.79. The current Net Current Asset Value is BDT6.79. Appollo Ispat Complex's overall GF Score™ is 5/100. 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 Appollo Ispat Complex (DHA:APOLOISPAT), the current Net Current Asset Value is BDT6.79 as of Mar. 2019. 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.
Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.
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