Price to Net Current Asset Value Latest

The Price to Net Current Asset Value Ratio, or P / NCAV Ratio, attempts to value a share against its Net Current Asset Value. It is the share price divided by the firm’s Net Current Asset Value. This figure is computed from the latest available interim accounts.

Stockopedia explains P / NCAV

Price to NCAV compares the current price to the Net Current Asset Value which equals the companies current assets minus its total liabilities. This gives an additional margin of safety versus Price to Book Value - on this valuation measure, one is essentially paying nothing for all the fixed assets (buildings, machinery, etc), or any goodwill items that may exist.

For more on how to apply this in a screen, check out this guide.

As with all of our Balance Sheet Ratios, this will be based on the latest financial statements (interim or annual) but it's always important to be aware of any post-balance sheet events that may have reduced the cash balance - an acquisition or a buyback, for example. The market may be pricing in something that has not been captured by the snapshot given in the latest financial statements.

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The 5 lowest P / NCAV Stocks in the Market

Ticker Name P / NCAV StockRank
HKG:1051 G-Resources 0.16 84
HKG:1358 PW Medtech 0.23 85
HKG:2698 Weiqiao Textile Co 0.24 98
HKG:717 Emperor Capital 0.24 27
HKG:1461 Luzheng Futures Co 0.28 62
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