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).
Loop Industries's net current asset value per share for the quarter that ended in Nov. 2023 was €0.29.
The historical rank and industry rank for Loop Industries's Net Current Asset Value or its related term are showing as below:
FRA:3L9'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.19 Med: 13.71 Max: 550
Current: 8.76
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Loop Industries was 550.00. The lowest was 4.19. And the median was 13.71.
FRA:3L9's Price-to-Net-Current-Asset-Value is ranked worse than 67.83% of 920
companies
in the Chemicals industry
Industry Median: 4.85
vs FRA:3L9: 8.76
Loop Industries Net Current Asset Value Historical Data
The historical data trend for Loop Industries'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.
Competitive Comparison of Loop Industries's Net Current Asset Value
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's Price-to-Net-Current-Asset-Value Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Loop Industries's Price-to-Net-Current-Asset-Value falls into.
Loop Industries Net Current Asset Value Calculation
Loop Industries's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Feb. 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.
Loop Industries (FRA:3L9) 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.
Loop Industries Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Loop Industries's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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