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).
Raubex Group's net current asset value per share for the quarter that ended in Feb. 2024 was €-0.27.
The historical rank and industry rank for Raubex Group's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Raubex Group was 525.00. The lowest was 10.72. And the median was 14.53.
FRA:B7P's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 2.99 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Raubex Group Net Current Asset Value Historical Data
The historical data trend for Raubex 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.
Competitive Comparison of Raubex Group's Net Current Asset Value
For the Engineering & Construction subindustry, Raubex 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.
Raubex Group's Price-to-Net-Current-Asset-Value Distribution in the Construction Industry
For the Construction industry and Industrials sector, Raubex Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Raubex Group's Price-to-Net-Current-Asset-Value falls into.
Raubex Group Net Current Asset Value Calculation
Raubex Group's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Feb. 2024 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.
Raubex Group (FRA:B7P) 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.
Raubex Group Net Current Asset Value Related Terms
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Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.
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