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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).
National Storage Affiliates Trust's net current asset value per share for the quarter that ended in Mar. 2025 was $-59.10.
The historical rank and industry rank for National Storage Affiliates Trust's Net Current Asset Value or its related term are showing as below:
The historical data trend for National Storage Affiliates Trust'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.
National Storage Affiliates Trust Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Net Current Asset Value | Get a 7-Day Free Trial |
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-38.19 | -43.37 | -50.71 | -50.74 | -59.34 |
National Storage Affiliates Trust Quarterly Data | ||||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | Mar25 | |
Net Current Asset Value | Get a 7-Day Free Trial |
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-56.12 | -58.08 | -60.69 | -59.34 | -59.10 |
For the REIT - Industrial subindustry, National Storage Affiliates Trust'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.
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's Price-to-Net-Current-Asset-Value falls into.
National Storage Affiliates Trust's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2024 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2024 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (89.06 | - | 3591.115 | - | 687.367 | - | 340.895) | / | 76.345 |
= | -59.34 |
National Storage Affiliates Trust's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2025 is calculated as
Net Current Asset Value Per Share | (Q: Mar. 2025 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (48.286 | - | 3562.812 | - | 658.213 | - | 340.955) | / | 76.372 |
= | -59.10 |
* 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.
National Storage Affiliates Trust (NYSE:NSA) 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.
Thank you for viewing the detailed overview of National Storage Affiliates Trust's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Chad Leroy Meisinger | director | 71 VIA SONRISA, SAN CLEMENTE CA 92673 |
Arlen Dale Nordhagen | director, 10 percent owner, officer: Chief Executive Officer | 5200 DTC PARKWAY, STE 200, GREENWOOD VILLAGE CO 80111 |
Tamara D Fischer | officer: Chief Financial Officer | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
Cowan William S. Jr. | officer: Chief Strategy Officer | 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Derek Bergeon | officer: Chief Operating Officer | 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Tiffany S. Kenyon | officer: Chief Legal Officer | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
J. Timothy Warren | director | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
David Cramer | officer: Chief Operating Officer | 8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Hylbert Paul William Jr | director | 2705 SOUTH BOSTON COURT, DENVER CO 802231 |
Mourick Mark Van | director | 24901 DANA POINT HARBOR DRIVE, SUITE 230, DANA POINT CA 92629 |
Charles F Wu | director | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Rebecca Lee Steinfort | director | 2500 W EXECUTIVE PKWY, #100, LEHI UT 84043 |
Brandon Togashi | officer: Chief Accounting Officer | C/O NATIONAL STORAGE AFFILIATES TRUST, 5200 DTC PARKWAY, SUIT 200, GREENWOOD VILLAGE CO 80111 |
Steven B Treadwell | officer: Senior Vice President | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
Kevin Maxen Howard | director, 10 percent owner | 14855 SE 82ND DRIVE, CLACKAMAS OR 97015 |
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