What is Compass Therapeutics 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).
Compass Therapeutics's net current asset value per share for the quarter that ended in Dec. 2023 was $1.14.
The historical rank and industry rank for Compass Therapeutics's Net Current Asset Value or its related term are showing as below:
CMPX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.37 Med: 2.4 Max: 3.59
Current: 1.49
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Compass Therapeutics was 3.59. The lowest was 1.37. And the median was 2.40.
CMPX's Price-to-Net-Current-Asset-Value is ranked better than 79.53% of 1031
companies
in the Biotechnology industry
Industry Median: 4.08
vs CMPX: 1.49
Compass Therapeutics Net Current Asset Value Historical Data
The historical data trend for Compass Therapeutics'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.
Compass Therapeutics Net Current Asset Value Chart
Competitive Comparison of Compass Therapeutics's Net Current Asset Value
For the Biotechnology subindustry, Compass Therapeutics'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.
Compass Therapeutics's Price-to-Net-Current-Asset-Value Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Compass Therapeutics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Compass Therapeutics's Price-to-Net-Current-Asset-Value falls into.
Compass Therapeutics Net Current Asset Value Calculation
Compass Therapeutics's Net Current Asset Value (NCAV) 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.
Compass Therapeutics (NAS:CMPX) 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.
Compass Therapeutics Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Compass Therapeutics's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Compass Therapeutics (Compass Therapeutics) Business Description
Compass Therapeutics Inc is a clinical-stage biopharmaceutical company that develops proprietary antibody therapeutics intended to engage the immune system to treat both solid tumors and hematological malignancies. It is engaged in drug discovery by leveraging its proprietary antibody discovery engine to broadly drug the immune system and identify optimal combinations empirically. Through StitchMabs and common light chain platforms, these combinatorial insights can be rapidly translated into tailored bispecifics with monoclonal-like manufacturability. The company has drugged over 40 immune targets and generated a diverse pipeline of monoclonal and multispecific therapeutic candidates with potential to transform care for patients with cancer or autoimmune diseases.
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