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).
Forza X1's net current asset value per share for the quarter that ended in Sep. 2024 was $0.47.
The historical rank and industry rank for Forza X1's Net Current Asset Value or its related term are showing as below:
FRZA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.43 Med: 0.81 Max: 1.42
Current: 0.43
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Forza X1 was 1.42. The lowest was 0.43. And the median was 0.81.
FRZA's Price-to-Net-Current-Asset-Value is not ranked
in the Vehicles & Parts industry.
Industry Median: 4.8
vs FRZA: 0.43
Forza X1 Net Current Asset Value Historical Data
The historical data trend for Forza X1'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 Forza X1's Net Current Asset Value
For the Recreational Vehicles subindustry, Forza X1'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.
Forza X1's Price-to-Net-Current-Asset-Value Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Forza X1'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.
Forza X1 (OTCPK:FRZA) 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.
Forza X1 Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Forza X1's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRZA has been successfully added to your 