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SDHC (Smith Douglas Homes) Net Current Asset Value : $-0.20 (As of Mar. 2025)


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What is Smith Douglas Homes 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).

Smith Douglas Homes's net current asset value per share for the quarter that ended in Mar. 2025 was $-0.20.

The historical rank and industry rank for Smith Douglas Homes's Net Current Asset Value or its related term are showing as below:

During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Smith Douglas Homes was 71.22. The lowest was 71.22. And the median was 71.22.

SDHC's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.28
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Smith Douglas Homes Net Current Asset Value Historical Data

The historical data trend for Smith Douglas Homes'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.

* Premium members only.

Smith Douglas Homes Net Current Asset Value Chart

Smith Douglas Homes Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Net Current Asset Value
1.71 3.04 3.12 0.36

Smith Douglas Homes Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.33 -0.11 0.36 -0.20

Competitive Comparison of Smith Douglas Homes's Net Current Asset Value

For the Real Estate - Development subindustry, Smith Douglas Homes'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.


Smith Douglas Homes's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Smith Douglas Homes's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Smith Douglas Homes's Price-to-Net-Current-Asset-Value falls into.


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Smith Douglas Homes Net Current Asset Value Calculation

Smith Douglas Homes'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)
=(420.886-74.174-328.095-0)/51.282
=0.36

Smith Douglas Homes'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)
=(426.981-106.756-330.298-0)/51.427
=-0.20

* 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.


Smith Douglas Homes  (NYSE:SDHC) 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 Graham’s 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.


Smith Douglas Homes Net Current Asset Value Related Terms

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Smith Douglas Homes Business Description

Traded in Other Exchanges
N/A
Address
110 Village Trail, Suite 215, Woodstock, GA, USA, 30188
Smith Douglas Homes Corp is a company engaged in the design, construction, and sale of single-family homes in some of the highest growth and desirable markets in the Southeastern United States. It is organized into eight geographical divisions which comprise two reportable segments. Its Southeast segment consists of Atlanta, Central Georgia, Charlotte, Greenville, and Raleigh divisions. Its Central segment consists of Alabama, Houston, and Nashville divisions.