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 Clean Energy Special Situations's Net Current Asset Value or its related term are showing as below:
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Clean Energy Special Situations was 996.00. The lowest was 195.40. And the median was 493.25.
SWSSW's Price-to-Net-Current-Asset-Value is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.04 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Clean Energy Special Situations (OTCPK:SWSSW) 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.
Clean Energy Special Situations Net Current Asset Value Related Terms
Clean Energy Special Situations 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.
Clean Energy Special Situations Net Current Asset Value Chart
SWSSW vs CREEF, AEAE, GGAAF: Net Current Asset Value Comparison
For the Shell Companies subindustry, Clean Energy Special Situations'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.
Clean Energy Special Situations Price-to-Net-Current-Asset-Value vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Clean Energy Special Situations's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Clean Energy Special Situations'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 $0.00 mean?
Clean Energy Special Situations (SWSSW) has a Net Current Asset Value of $0.00 as of Sep. 2023. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Clean Energy Special Situations and its competitors. Over the past decade, Clean Energy Special Situations' Net Current Asset Value has ranged from 195.40 to 996.00.
Is Clean Energy Special Situations' Net Current Asset Value too high?
Clean Energy Special Situations' current Net Current Asset Value is $0.00. Over the past 10 years, this metric has ranged from a low of 195.40 to a high of 996.00. Overall, Clean Energy Special Situations has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Clean Energy Special Situations' Net Current Asset Value compare to CREEF and AEAE?
Clean Energy Special Situations' Net Current Asset Value of $0.00 can be compared against companies in the Diversified Financial Services industry. The industry median Net Current Asset Value is 2.04. Historically, Clean Energy Special Situations' own Net Current Asset Value has ranged from 195.40 to 996.00 over the past decade. 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 Diversified Financial Services company?
The median Net Current Asset Value among Diversified Financial Services companies is 2.04, based on 202 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 Clean Energy Special Situations and its competitors. For the Diversified Financial Services industry, the median Net Current Asset Value is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Energy Special Situations's current Net Current Asset Value is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Energy Special Situations stock overvalued right now?
Clean Energy Special Situations (SWSSW) has a current Net Current Asset Value of $0.00. The current Net Current Asset Value is $0.00. Clean Energy Special Situations' overall GF Score™ is 31/100. 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 Clean Energy Special Situations (SWSSW), the current Net Current Asset Value is $0.00 as of Sep. 2023. 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.
Clean Energy Special Situations Business Description
Clean Energy Special Situations Corp Formerly Springwater Special Situations Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
31GF Score
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