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).
The historical rank and industry rank for Russia Commercial Roads Bank PJSC's Net Current Asset Value or its related term are showing as below:
MIC:RDRB's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 1.16 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Russia Commercial Roads Bank PJSC (MIC:RDRB) 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.
Russia Commercial Roads Bank PJSC Net Current Asset Value Related Terms
Russia Commercial Roads Bank PJSC 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.
Russia Commercial Roads Bank PJSC Net Current Asset Value Chart
MIC:RDRB vs USB, PNC, TFC: Net Current Asset Value Comparison
For the Banks - Regional subindustry, Russia Commercial Roads Bank PJSC'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.
Russia Commercial Roads Bank PJSC Price-to-Net-Current-Asset-Value vs Banks Industry
For the Banks industry and Financial Services sector, Russia Commercial Roads Bank PJSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Russia Commercial Roads Bank PJSC'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?
Russia Commercial Roads Bank PJSC (MIC:RDRB) has a Net Current Asset Value of ₽0.00 as of Sep. 2021. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Russia Commercial Roads Bank PJSC and its competitors.
Is Russia Commercial Roads Bank PJSC's Net Current Asset Value too high?
Russia Commercial Roads Bank PJSC's current Net Current Asset Value is ₽0.00. Overall, Russia Commercial Roads Bank PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Russia Commercial Roads Bank PJSC's Net Current Asset Value compare to USB and PNC?
Russia Commercial Roads Bank PJSC's Net Current Asset Value of ₽0.00 can be compared against companies in the Banks industry. The industry median Net Current Asset Value is 1.16. 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 Banks company?
The median Net Current Asset Value among Banks companies is 1.16, based on 23 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 Russia Commercial Roads Bank PJSC and its competitors. For the Banks industry, the median Net Current Asset Value is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russia Commercial Roads Bank PJSC'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 Russia Commercial Roads Bank PJSC stock overvalued right now?
Russia Commercial Roads Bank PJSC (MIC:RDRB) has a current Net Current Asset Value of ₽0.00. The current Net Current Asset Value is ₽0.00. Russia Commercial Roads Bank PJSC's overall GF Score™ is 17/100. 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 Russia Commercial Roads Bank PJSC (MIC:RDRB), the current Net Current Asset Value is ₽0.00 as of Sep. 2021. 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.
Russia Commercial Roads Bank PJSC Business Description
Russia Commercial Roads Bank PJSC, formerly Russian public joint-stock commercial roads Bank provides various financial services in Russia. The bank offers services to its corporate customers, retail customers, and other banks. Its product and services consist of cash management services, deposit banking, loans, trade financing, conversion services, correspondent account and purchase and sale of securities. The bank provides its services to road industry, farming, and transporting, industrial and housing construction, building materials, trade as well as to military industrial complex units. In addition, it is also engaged in small and medium-sized business lending program, mortgage programs for corporate customers, program of work with road enterprises and private banking service.
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