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).
Future Enterprises's net current asset value per share for the quarter that ended in Mar. 2022 was ₹-114.98.
The historical rank and industry rank for Future Enterprises's Net Current Asset Value or its related term are showing as below:
NSE:FELDVR's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.075 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Future Enterprises (NSE:FELDVR) 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.
Future Enterprises Net Current Asset Value Related Terms
Future Enterprises Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Future Enterprises'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.
NSE:FELDVR vs DDS, M: Net Current Asset Value Comparison
For the Department Stores subindustry, Future Enterprises'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.
Future Enterprises Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Future Enterprises's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Future Enterprises'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 ₹-114.98 mean?
Future Enterprises (NSE:FELDVR) has a Net Current Asset Value of ₹-114.98 as of Mar. 2022. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Future Enterprises and its competitors.
Is Future Enterprises' Net Current Asset Value too high?
Future Enterprises' current Net Current Asset Value is ₹-114.98. Overall, Future Enterprises has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Future Enterprises' Net Current Asset Value compare to DDS and M?
Future Enterprises' Net Current Asset Value of ₹-114.98 can be compared against companies in the Retail - Cyclical industry. The industry median Net Current Asset Value is 3.08. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.08, based on 554 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 Future Enterprises and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Enterprises's current Net Current Asset Value is ₹-114.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Enterprises stock overvalued right now?
Future Enterprises (NSE:FELDVR) has a current Net Current Asset Value of ₹-114.98. The current Net Current Asset Value is ₹-114.98. Future Enterprises' overall GF Score™ is 4/100. 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 Future Enterprises (NSE:FELDVR), the current Net Current Asset Value is ₹-114.98 as of Mar. 2022. 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.
Future Enterprises Ltd is a company that develops, owns, and leases the retail infrastructure. It also invests in insurance, textile manufacturing, supply chain, and logistics. The company's operating segment includes Manufacturing & Trading and Leasing & Other. It generates maximum revenue from the Manufacturing and Trading segment.
4GF Score
Get the complete analysis for NSE:FELDVR
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:FELDVR has been successfully added to your 
