The historical rank and industry rank for CKX Lands's Net Cash per Share or its related term are showing as below:
CKX'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.49 Med: 3.19 Max: 5.34
Current: 3.33
During the past 13 years, the highest Price-to-Net-Cash Ratio of CKX Lands was 5.34. The lowest was 2.49. And the median was 3.19.
CKX's Price-to-Net-Cash is ranked better than 63.41% of 123
companies
in the Oil & Gas industry
Industry Median: 5.15
vs CKX: 3.33
CKX Lands Net Cash per Share Historical Data
The historical data trend for CKX Lands's Net Cash per Share 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.
Competitive Comparison of CKX Lands's Net Cash per Share
For the Oil & Gas E&P subindustry, CKX Lands's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
CKX Lands's Price-to-Net-Cash Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CKX Lands's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where CKX Lands's Price-to-Net-Cash falls into.
CKX Lands Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
CKX Lands's Net Cash per Share for the fiscal year that ended in Dec. 2023 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.
CKX Lands (AMEX:CKX) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
CKX Lands Net Cash per Share Related Terms
Thank you for viewing the detailed overview of CKX Lands's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
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