What is BAVARIA Industries Group AG 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).
BAVARIA Industries Group AG's net current asset value per share for the quarter that ended in Jun. 2023 was €20.53.
The historical rank and industry rank for BAVARIA Industries Group AG's Net Current Asset Value or its related term are showing as below:
XTER:B8A'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.11 Med: 3.74 Max: 723.5
Current: 4.36
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of BAVARIA Industries Group AG was 723.50. The lowest was 1.11. And the median was 3.74.
XTER:B8A's Price-to-Net-Current-Asset-Value is ranked worse than 57.53% of 365
companies
in the Asset Management industry
Industry Median: 3.28
vs XTER:B8A: 4.36
BAVARIA Industries Group AG 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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BAVARIA Industries Group AG Net Current Asset Value Chart
Competitive Comparison of BAVARIA Industries Group AG's Net Current Asset Value
For the Asset Management subindustry, BAVARIA Industries Group AG'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.
BAVARIA Industries Group AG's Price-to-Net-Current-Asset-Value Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BAVARIA Industries Group AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BAVARIA Industries Group AG's Price-to-Net-Current-Asset-Value falls into.
BAVARIA Industries Group AG Net Current Asset Value Calculation
BAVARIA Industries Group AG's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
BAVARIA Industries Group AG (XTER:B8A) 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.
BAVARIA Industries Group AG Net Current Asset Value Related Terms
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BAVARIA Industries Group AG (XTER:B8A) Business Description
BAVARIA Industries Group AG is a Germany-based holding company that acquires underperforming companies and boosts their performance through active management. The company's portfolio comprises companies from the areas of serial production and automotive, plant engineering and construction, and business services. It pursues three objectives, cutting costs, developing new sources of turnover and protecting jobs wherever possible. It relies on the initiative of the investee company's workforce to boost innovation and avoid all forms of waste, such as reject rates or unnecessary downtime during production.
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