Wet Seal (FRA:WS2A) Net Current Asset Value : €0.08 (As of Jan. 2014)

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What is Wet Seal Net Current Asset Value?

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).

Wet Seal's net current asset value per share for the quarter that ended in Jan. 2014 was €0.08.

The historical rank and industry rank for Wet Seal'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 Wet Seal was 201.23. The lowest was 0.00. And the median was 7.40.

FRA:WS2A's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 3.515
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Wet Seal Net Current Asset Value Historical Data

The historical data trend for Wet Seal'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.

* Premium members only.

Wet Seal Net Current Asset Value Chart

Wet Seal Annual Data

Trend

Jan05

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Net Current Asset Value

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0.98

1.13

1.05

0.52

0.08

Wet Seal Semi-Annual Data
	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03	Jan04	Jan05	Jan06	Jan07	Jan08	Jan09	Jan10	Jan11	Jan12	Jan13	Jan14
Net Current Asset Value	Get a 7-Day Free Trial														0.97	1.13	1.11	0.52	0.08

Competitive Comparison of Wet Seal's Net Current Asset Value

For the Apparel Retail subindustry, Wet Seal'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.

Wet Seal's Price-to-Net-Current-Asset-Value Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wet Seal's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Wet Seal's Price-to-Net-Current-Asset-Value falls into.

Wet Seal Net Current Asset Value Calculation

Wet Seal's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jan. 2014 is calculated as

	Net Current Asset Value Per Share		(A: Jan. 2014 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(68.614	-	61.954	-	0	-	0)	/	85.463
=	0.08

Wet Seal's Net Current Asset Value (NCAV) per share for the quarter that ended in Jan. 2014 is calculated as

	Net Current Asset Value Per Share		(Q: Jan. 2014 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(68.614	-	61.954	-	0	-	0)	/	83.765
=	0.08

Wet Seal (FRA:WS2A) 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.

Wet Seal Net Current Asset Value Related Terms

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Wet Seal (FRA:WS2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wet Seal Inc (FRA:WS2A) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.wetsealinc.com

Wet Seal Inc was incorporated in the State of Delaware in 1990. The Company is a national multi-channel specialty retailer selling fashion apparel and accessory items designed for female customers aged 13 to 34 years old through its stores and e-commerce websites. It operates two nationwide, primarily mall-based, chains of retail stores under the names Wet Seal and Arden B. As of February 1, 2014, the Company had 532 retail stores in 47 states and Puerto Rico. Of the 532 stores, there were 475 Wet Seal stores and 57 Arden B stores. The names Wet Seal and Arden B are trademarks and service marks of the Company. Wet Seal is a junior apparel brand for girls who seek fashion apparel and accessories at affordable prices, with a target customer age range of 13 to 23 years old. Wet Seal provides its customers with a balance of trend right and fashion basic apparel and accessories that are budget-friendly. Arden B is a fashion brand at affordable prices for the contemporary woman. Arden B targets customers aged 24 to 34 years old and delivers differentiated contemporary fashion, dresses, sportswear separates and accessories for many occasions of the customers' lifestyles. Wet Seal stores average approximately 4,000 square feet in size. As of February 1, 2014, the Company operated approximately 475 Wet Seal stores. Arden B stores average approximately 3,100 square feet in size. As of February 1, 2014, it operated 57 Arden B stores. The Company purchases its merchandise from domestic vendors, comprised of domestic importers who source merchandise from factories in foreign countries. It owns a number of trademarks including, but not limited to, B. REWARDED, BLINK by WET SEAL, BLUE ASPHALT, BUTTERFLY DESIGN, CHIC BOUTIQUE, CONTEMPO CASUALS, ENR EVOLUTION NOT REVOLUTION, FASHION INSIDER, FASHION RIGHT.ALL DAY ALL NIGHT., FIT IN. STAND OUT., iRUNWAY, LOVE THE TREND-HATE TO SPEND, LIFE'S A BLUR.FOCUS ON FASHION, ROCK THESE BLUES and URBAN VIBE. The Company competes with specialty apparel retailers, department stores and other apparel retailers including Abercrombie & Fitch, Aeropostale, American Eagle, Anthropologie, Banana Republic, BCBG, bebe, Body Central, Charlotte Russe, Express, Forever 21, Gap, Guess, H&M, Nordstrom, Old Navy, Pacific Sunwear, rue21, Target, Urban Outfitters, Zara, and other regional retailers. The Company is subject to federal, state, and local laws affecting its business, including those relating to advertising, consumer protection, privacy, health care, tax, environmental and zoning and occupancy.

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