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Rugby Estates (LSE:RES) Net Current Asset Value : £6.06 (As of Jul. 2012)


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What is Rugby Estates 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).

Rugby Estates's net current asset value per share for the quarter that ended in Jul. 2012 was £6.06.

The historical rank and industry rank for Rugby Estates's Net Current Asset Value or its related term are showing as below:

LSE:RES's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.24
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Rugby Estates Net Current Asset Value Historical Data

The historical data trend for Rugby Estates'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.

Rugby Estates Net Current Asset Value Chart

Rugby Estates Annual Data
Trend Jan03 Jan04 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.15 52.72 40.79 27.74 13.86

Rugby Estates Semi-Annual Data
Jul03 Jan04 Jul04 Jan05 Jul05 Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12
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 141.61 17.88 20.17 13.71 6.06

Competitive Comparison of Rugby Estates's Net Current Asset Value

For the Real Estate Services subindustry, Rugby Estates'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.


Rugby Estates's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rugby Estates's Price-to-Net-Current-Asset-Value distribution charts can be found below:

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



Rugby Estates Net Current Asset Value Calculation

Rugby Estates's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jan. 2012 is calculated as

Net Current Asset Value Per Share(A: Jan. 2012 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(17.637-2.734-0-0)/1.075
=13.86

Rugby Estates's Net Current Asset Value (NCAV) per share for the quarter that ended in Jul. 2012 is calculated as

Net Current Asset Value Per Share(Q: Jul. 2012 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(9.379-2.821-0-0)/1.083
=6.06

* 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.


Rugby Estates  (LSE:RES) 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.


Rugby Estates Net Current Asset Value Related Terms

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Rugby Estates Business Description

Traded in Other Exchanges
N/A
Address
Rugby Estates PLC carries on the business of property trading, management and investment within the United Kingdom. It operates in two principal business segments. Rugby Capital deals with its property trading and development activities including the group's directly-owned portfolio and collaborative ventures substantially involving the group's equity. Rugby Asset Management deals with its co-investment and asset management activities. The Company operates within the United Kingdom.