What is Paras Defence And Space Technologies Net Current Asset Value?
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 Paras Defence And Space Technologies's Net Current Asset Value or its related term are showing as below:
NSE:PARAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.83 Med: 11.8 Max: 17.43
Current: 16.73
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Paras Defence And Space Technologies was 17.43. The lowest was 8.83. And the median was 11.80.
NSE:PARAS's Price-to-Net-Current-Asset-Value is ranked worse than 71.34% of 164
companies
in the Aerospace & Defense industry
Industry Median: 8.595
vs NSE:PARAS: 16.73
Paras Defence And Space Technologies 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.
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Paras Defence And Space Technologies Net Current Asset Value Chart
Competitive Comparison of Paras Defence And Space Technologies's Net Current Asset Value
For the Aerospace & Defense subindustry, Paras Defence And Space Technologies'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.
Paras Defence And Space Technologies's Price-to-Net-Current-Asset-Value Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Paras Defence And Space Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Paras Defence And Space Technologies's Price-to-Net-Current-Asset-Value falls into.
Paras Defence And Space Technologies Net Current Asset Value Calculation
* 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.
Paras Defence And Space Technologies (NSE:PARAS) 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.
Paras Defence And Space Technologies Net Current Asset Value Related Terms
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Paras Defence And Space Technologies Business Description
Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems, and Defence Engineering. The maximum revenue for the company is derived from its Defence Engineering segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.
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