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).
Planar Systems's net current asset value per share for the quarter that ended in Jun. 2015 was €1.60.
The historical rank and industry rank for Planar Systems's Net Current Asset Value or its related term are showing as below:
FRA:PL4'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.07 Med: 2.17 Max: 12.03
Current: 0.07
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Planar Systems was 12.03. The lowest was 0.07. And the median was 2.17.
FRA:PL4's Price-to-Net-Current-Asset-Value is not ranked
in the Hardware industry.
Industry Median: 4.125
vs FRA:PL4: 0.07
Planar Systems Net Current Asset Value Historical Data
The historical data trend for Planar Systems'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 Planar Systems's Net Current Asset Value
For the Electronic Components subindustry, Planar Systems'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.
Planar Systems's Price-to-Net-Current-Asset-Value Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Planar Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Planar Systems's Price-to-Net-Current-Asset-Value falls into.
Planar Systems Net Current Asset Value Calculation
Planar Systems's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2014 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.
Planar Systems (FRA:PL4) 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.
Planar Systems Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Planar Systems's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.
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