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).
Mass Megawatts Wind Power's net current asset value per share for the quarter that ended in Jan. 2024 was $-0.24.
The historical rank and industry rank for Mass Megawatts Wind Power's Net Current Asset Value or its related term are showing as below:
MMMW's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.065 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Mass Megawatts Wind Power (OTCPK:MMMW) 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.
Mass Megawatts Wind Power Net Current Asset Value Related Terms
Mass Megawatts Wind Power Net Current Asset Value Historical Data
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The historical data trend for Mass Megawatts Wind Power'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.
Mass Megawatts Wind Power Net Current Asset Value Chart
MMMW vs ALCE, ETRXF, GEV: Net Current Asset Value Comparison
For the Utilities - Renewable subindustry, Mass Megawatts Wind Power'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.
Mass Megawatts Wind Power Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mass Megawatts Wind Power's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mass Megawatts Wind Power'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 $-0.24 mean?
Mass Megawatts Wind Power (MMMW) has a Net Current Asset Value of $-0.24 as of Jan. 2024. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Mass Megawatts Wind Power and its competitors.
Is Mass Megawatts Wind Power's Net Current Asset Value too high?
Mass Megawatts Wind Power's current Net Current Asset Value is $-0.24. Overall, Mass Megawatts Wind Power has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Mass Megawatts Wind Power's Net Current Asset Value compare to ALCE and ETRXF?
Mass Megawatts Wind Power's Net Current Asset Value of $-0.24 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Net Current Asset Value is 5.07. 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.07, based on 104 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 Mass Megawatts Wind Power and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mass Megawatts Wind Power's current Net Current Asset Value is $-0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mass Megawatts Wind Power stock overvalued right now?
Mass Megawatts Wind Power (MMMW) has a current Net Current Asset Value of $-0.24. The current Net Current Asset Value is $-0.24. Mass Megawatts Wind Power's overall GF Score™ is 32/100. 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 Mass Megawatts Wind Power (MMMW), the current Net Current Asset Value is $-0.24 as of Jan. 2024. 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.
Mass Megawatts Wind Power Inc is engaged in the development of renewable power technology. It develops solar trackers and wind energy equipment for low-cost clean energy generation. The company's patent pending, Mass Megawatts Solar Tracking System (STS) is a complete solar power system that is designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. In addition, it also seeks to build and operate wind-energy-generated power plants utilizing proprietary MultiAxis Turbine technology.
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