Plaut AG (XTER:PUT2) Net Current Asset Value : €-0.35 (As of Jun. 2014)

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What is Plaut 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).

Plaut AG's net current asset value per share for the quarter that ended in Jun. 2014 was €-0.35.

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

XTER:PUT2's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Software industry.
Industry Median: 5.35
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Plaut AG Net Current Asset Value Historical Data

The historical data trend for Plaut AG'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.

Plaut AG Net Current Asset Value Chart

Plaut AG Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Net Current Asset Value

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-0.75

-0.57

-0.26

-0.29

-0.38

Plaut AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Net Current Asset Value	Get a 7-Day Free Trial					-0.25	-0.29	-0.34	-0.38	-0.35

Competitive Comparison of Plaut AG's Net Current Asset Value

For the Information Technology Services subindustry, Plaut 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.

Plaut AG's Price-to-Net-Current-Asset-Value Distribution in the Software Industry

For the Software industry and Technology sector, Plaut AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Plaut AG's Price-to-Net-Current-Asset-Value falls into.

Plaut AG Net Current Asset Value Calculation

Plaut AG's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2013 is calculated as

	Net Current Asset Value Per Share		(A: Dec. 2013 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(8.051	-	13.469	-	0.806	-	0)	/	16.522
=	-0.38

Plaut AG's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2014 is calculated as

	Net Current Asset Value Per Share		(Q: Jun. 2014 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(9.567	-	14.137	-	1.162	-	0)	/	16.522
=	-0.35

Plaut AG (XTER:PUT2) 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.

Plaut AG Net Current Asset Value Related Terms

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Plaut AG (XTER:PUT2) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.plaut.com

Plaut Aktiengesellschaft is engaged in providing business consulting and IT services using SAP enterprise resource planning software to customers in Europe. Its customers are from manufacturing, retail and services sectors.

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