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).
Granite City Food & Brewery's net current asset value per share for the quarter that ended in Jun. 2017 was $-4.89.
The historical rank and industry rank for Granite City Food & Brewery's Net Current Asset Value or its related term are showing as below:
GCFB's Price-to-Net-Current-Asset-Value is not ranked *
in the Restaurants industry.
Industry Median: 9.95 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Granite City Food & Brewery (OTCPK:GCFB) 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.
Granite City Food & Brewery Net Current Asset Value Related Terms
Granite City Food & Brewery 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.
Granite City Food & Brewery Net Current Asset Value Chart
GCFB vs BDVB, DBUB, GIGL: Net Current Asset Value Comparison
For the Restaurants subindustry, Granite City Food & Brewery'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.
Granite City Food & Brewery Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Granite City Food & Brewery's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Granite City Food & Brewery'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 $-4.89 mean?
Granite City Food & Brewery (GCFB) has a Net Current Asset Value of $-4.89 as of Jun. 2017. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Granite City Food & Brewery and its competitors.
Is Granite City Food & Brewery's Net Current Asset Value too high?
Granite City Food & Brewery's current Net Current Asset Value is $-4.89.
How does Granite City Food & Brewery's Net Current Asset Value compare to BDVB and DBUB?
Granite City Food & Brewery's Net Current Asset Value of $-4.89 can be compared against companies in the Restaurants industry. The industry median Net Current Asset Value is 9.95. 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 9.95, based on 72 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. 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 Granite City Food & Brewery and its competitors. For the Restaurants industry, the median Net Current Asset Value is 9.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite City Food & Brewery's current Net Current Asset Value is $-4.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite City Food & Brewery stock overvalued right now?
Granite City Food & Brewery (GCFB) has a current Net Current Asset Value of $-4.89. The current Net Current Asset Value is $-4.89. 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 Granite City Food & Brewery (GCFB), the current Net Current Asset Value is $-4.89 as of Jun. 2017. 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.
Granite City Food & Brewery Ltd owns and operates a restaurant with an on-site brewery. The company operates two casual dining concepts which include Granite city food and brewery and Cadillac ranch all American bar and grill. The Granite city restaurant theme is upscale casual dining with a wide variety of menu items, which includes handcrafted beers finished on-site. Cadillac Ranch restaurants feature authentic, cuisine in a fun, dynamic environment. Its menu is diverse with offerings ranging from homemade meatloaf to pasta dishes. It has approximately 36 restaurants in over 10 states. In addition, it also operates a centralized beer production facility in Ellsworth, Iowa which facilitates the initial stages of its brewing process.
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