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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).
LaSalle Hotel Properties's net current asset value per share for the quarter that ended in Sep. 2018 was $0.00.
The historical rank and industry rank for LaSalle Hotel Properties's Net Current Asset Value or its related term are showing as below:
LHOpI.PFD's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.67 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
LaSalle Hotel Properties (NYSE:LHOpI.PFD) 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.
LaSalle Hotel Properties Net Current Asset Value Related Terms
LaSalle Hotel Properties Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for LaSalle Hotel Properties'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.
LaSalle Hotel Properties Net Current Asset Value Chart
LHOPI.PFD vs APLE, SVC, PEB: Net Current Asset Value Comparison
For the REIT - Hotel & Motel subindustry, LaSalle Hotel Properties'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.
LaSalle Hotel Properties Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, LaSalle Hotel Properties's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where LaSalle Hotel Properties'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 $0.00 mean?
LaSalle Hotel Properties (LHOPI.PFD) has a Net Current Asset Value of $0.00 as of Sep. 2018. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on LaSalle Hotel Properties and its competitors.
Is LaSalle Hotel Properties' Net Current Asset Value too high?
LaSalle Hotel Properties' current Net Current Asset Value is $0.00.
How does LaSalle Hotel Properties' Net Current Asset Value compare to APLE and SVC?
LaSalle Hotel Properties' Net Current Asset Value of $0.00 can be compared against companies in the REITs industry. The industry median Net Current Asset Value is 7.67. 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 REITs company?
The median Net Current Asset Value among REITs companies is 7.67, based on 105 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 LaSalle Hotel Properties and its competitors. For the REITs industry, the median Net Current Asset Value is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LaSalle Hotel Properties's current Net Current Asset Value is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LaSalle Hotel Properties stock overvalued right now?
LaSalle Hotel Properties (LHOPI.PFD) has a current Net Current Asset Value of $0.00. The current Net Current Asset Value is $0.00. 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 LaSalle Hotel Properties (LHOPI.PFD), the current Net Current Asset Value is $0.00 as of Sep. 2018. 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.
LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.
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