GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » HORNBACH Baumarkt AG (GREY:HBAUF) » Definitions » Net Current Asset Value

HORNBACH Baumarkt AG (HORNBACH Baumarkt AG) Net Current Asset Value : $-38.53 (As of Feb. 2022)


View and export this data going back to 2015. Start your Free Trial

What is HORNBACH Baumarkt AG 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).

HORNBACH Baumarkt AG's net current asset value per share for the quarter that ended in Feb. 2022 was $-38.53.

The historical rank and industry rank for HORNBACH Baumarkt AG'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 HORNBACH Baumarkt AG was 8.26. The lowest was 7.92. And the median was 8.09.

HBAUF's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.555
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

HORNBACH Baumarkt AG Net Current Asset Value Historical Data

The historical data trend for HORNBACH Baumarkt AG'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.

HORNBACH Baumarkt AG Net Current Asset Value Chart

HORNBACH Baumarkt AG Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.88 -42.11 -42.22 -38.54 -36.92

HORNBACH Baumarkt AG Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 Feb23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -39.54 -37.54 -35.68 -38.53 -36.90

Competitive Comparison of HORNBACH Baumarkt AG's Net Current Asset Value

For the Home Improvement Retail subindustry, HORNBACH Baumarkt AG'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.


HORNBACH Baumarkt AG's Price-to-Net-Current-Asset-Value Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where HORNBACH Baumarkt AG's Price-to-Net-Current-Asset-Value falls into.



HORNBACH Baumarkt AG Net Current Asset Value Calculation

HORNBACH Baumarkt AG's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Feb. 2023 is calculated as

Net Current Asset Value Per Share(A: Feb. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1957.251-3131.563-0-0)/31.807
=-36.92

HORNBACH Baumarkt AG's Net Current Asset Value (NCAV) per share for the quarter that ended in Feb. 2022 is calculated as

Net Current Asset Value Per Share(Q: Feb. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1778.982-3004.909-0-0)/31.821
=-38.53

* 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.


HORNBACH Baumarkt AG  (GREY:HBAUF) 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 Graham’s 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.


HORNBACH Baumarkt AG Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of HORNBACH Baumarkt AG's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


HORNBACH Baumarkt AG (HORNBACH Baumarkt AG) Business Description

Traded in Other Exchanges
Address
Hornbachstrasse, Pfalz, Bornheim bei Landau, RP, DEU, 76878
HORNBACH Baumarkt AG is a German company that operates megastores and offers do-it-yourself (DIY), home improvement, and gardening products. The company also operates in other European countries, including Austria, the Netherlands, the Czech Republic, Switzerland, and Romania. The company conducts its activities through its Retail and Real estate segments. The Retail segment operates DIY megastores and garden centers, while the Real estate segment focuses on retail properties. The stores' product range includes hardware/electrical, paint/wallpaper/flooring, construction materials, sanitary tiles, and garden products. The majority of the company's sales are derived from its retail segment.