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).
The historical rank and industry rank for Environmental Solutions Worldwide's Net Current Asset Value or its related term are showing as below:
ESWW's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.88 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Environmental Solutions Worldwide (OTCPK:ESWW) 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.
Environmental Solutions Worldwide Net Current Asset Value Related Terms
Environmental Solutions Worldwide Net Current Asset Value Historical Data
* 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.
Environmental Solutions Worldwide Net Current Asset Value Chart
ESWW vs STCC, FNHI, PFTI: Net Current Asset Value Comparison
For the Auto Parts subindustry, Environmental Solutions Worldwide'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.
Environmental Solutions Worldwide Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Environmental Solutions Worldwide's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Environmental Solutions Worldwide'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 $42.64 mean?
Environmental Solutions Worldwide (ESWW) has a Net Current Asset Value of $42.64 as of Dec. 2014. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Environmental Solutions Worldwide and its competitors.
Is Environmental Solutions Worldwide's Net Current Asset Value too high?
Environmental Solutions Worldwide's current Net Current Asset Value is $42.64. The Vehicles & Parts industry median Net Current Asset Value is 4.88. Environmental Solutions Worldwide's value of $42.64 is 773.8% above this industry median.
How does Environmental Solutions Worldwide's Net Current Asset Value compare to STCC and FNHI?
Environmental Solutions Worldwide's Net Current Asset Value of $42.64 can be compared against companies in the Vehicles & Parts industry. The industry median Net Current Asset Value is 4.88. Environmental Solutions Worldwide's value of $42.64 is 773.8% above this benchmark. 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.88, based on 707 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. Environmental Solutions Worldwide's current Net Current Asset Value of $42.64 is 773.8% above the industry median. 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 Environmental Solutions Worldwide and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Environmental Solutions Worldwide's current Net Current Asset Value is $42.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Environmental Solutions Worldwide stock overvalued right now?
Environmental Solutions Worldwide (ESWW) has a current Net Current Asset Value of $42.64. The current Net Current Asset Value is $42.64 and 773.8% above the Vehicles & Parts industry median of 4.88. 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 Environmental Solutions Worldwide (ESWW), the current Net Current Asset Value is $42.64 as of Dec. 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.
Environmental Solutions Worldwide Business Description
Environmental Solutions Worldwide Inc through its subsidiaries is involved in the designing, development, manufacturing, and sales of emissions control technologies. It also provides emissions testing and environmental certification services. The firm's products include horizondpf, longview dpf, and vista dpf. It has Air testing services and MHDD diesel emission control manufacturing and sales operating segments. The company derives the majority of its revenues from MHDD diesel control segment.
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