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).
New Relic's net current asset value per share for the quarter that ended in Sep. 2023 was $1.62.
The historical rank and industry rank for New Relic's Net Current Asset Value or its related term are showing as below:
LTS:0K79'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 26.63 Med: 75.12 Max: 104680
Current: 51.7
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of New Relic was 104680.00. The lowest was 26.63. And the median was 75.12.
LTS:0K79's Price-to-Net-Current-Asset-Value is not ranked
in the Software industry.
Industry Median: 5.31
vs LTS:0K79: 51.70
New Relic Net Current Asset Value Historical Data
The historical data trend for New Relic'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 New Relic's Net Current Asset Value
For the Software - Application subindustry, New Relic'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.
New Relic's Price-to-Net-Current-Asset-Value Distribution in the Software Industry
For the Software industry and Technology sector, New Relic's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where New Relic's Price-to-Net-Current-Asset-Value falls into.
New Relic Net Current Asset Value Calculation
New Relic's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
New Relic (LTS:0K79) 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.
New Relic Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of New Relic's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.
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