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Ichigo Office REIT Investment (TSE:8975) Net Current Asset Value : 円-71,283.03 (As of Oct. 2023)


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What is Ichigo Office REIT Investment 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).

Ichigo Office REIT Investment's net current asset value per share for the quarter that ended in Oct. 2023 was 円-71,283.03.

The historical rank and industry rank for Ichigo Office REIT Investment's Net Current Asset Value or its related term are showing as below:

TSE:8975's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.27
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Ichigo Office REIT Investment Net Current Asset Value Historical Data

The historical data trend for Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment Net Current Asset Value Chart

Ichigo Office REIT Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -63,697.13 -62,716.58 -66,991.04 -69,190.75 -71,283.03

Ichigo Office REIT Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -66,991.04 -66,220.81 -69,190.75 -68,942.46 -71,283.03

Competitive Comparison of Ichigo Office REIT Investment's Net Current Asset Value

For the REIT - Office subindustry, Ichigo Office REIT Investment'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.


Ichigo Office REIT Investment's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Ichigo Office REIT Investment's Price-to-Net-Current-Asset-Value falls into.



Ichigo Office REIT Investment Net Current Asset Value Calculation

Ichigo Office REIT Investment's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net Current Asset Value Per Share(A: Oct. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(21124.217-129001.817-0-0)/1.51337
=-71,283.03

Ichigo Office REIT Investment's Net Current Asset Value (NCAV) per share for the quarter that ended in Oct. 2023 is calculated as

Net Current Asset Value Per Share(Q: Oct. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(21124.217-129001.817-0-0)/1.51337
=-71,283.03

* 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.


Ichigo Office REIT Investment  (TSE:8975) 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.


Ichigo Office REIT Investment Net Current Asset Value Related Terms

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Ichigo Office REIT Investment (TSE:8975) Business Description

Traded in Other Exchanges
N/A
Address
1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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