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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).
Transcontinental Realty Investors's net current asset value per share for the quarter that ended in Dec. 2023 was $25.95.
The historical rank and industry rank for Transcontinental Realty Investors's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Transcontinental Realty Investors was 1.71. The lowest was 1.09. And the median was 1.52.
The historical data trend for Transcontinental Realty Investors'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.
Transcontinental Realty Investors Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Current Asset Value | Get a 7-Day Free Trial | -22.50 | -19.33 | -9.50 | 25.91 | 25.95 |
Transcontinental Realty Investors Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Current Asset Value | Get a 7-Day Free Trial | 25.91 | 27.25 | 27.14 | 27.30 | 25.95 |
For the Real Estate Services subindustry, Transcontinental Realty Investors'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.
For the Real Estate industry and Real Estate sector, Transcontinental Realty Investors's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Transcontinental Realty Investors's Price-to-Net-Current-Asset-Value falls into.
Transcontinental Realty Investors's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (441.265 | - | 196.09 | - | 20.947 | - | 0) | / | 8.63932 |
= | 25.95 |
Transcontinental Realty Investors's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as
Net Current Asset Value Per Share | (Q: Dec. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (441.265 | - | 196.09 | - | 20.947 | - | 0) | / | 8.63932 |
= | 25.95 |
* 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.
Transcontinental Realty Investors (NYSE:TCI) 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.
Thank you for viewing the detailed overview of Transcontinental Realty Investors's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Louis J Corna | officer: EVP, GC/Tax Counsel& Secretary | 1800 VALLEY VIEW LANE, DALLAS TX 75234 |
Erik L Johnson | officer: Ex. Vice President and CFO | |
Daniel J Moos | officer: President and CEO | 1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234 |
American Realty Investors Inc | 10 percent owner | 1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234 |
Transcontinental Realty Acquisition Corp | 10 percent owner | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Eqk Holdings Inc | 10 percent owner | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Martha C Stephens | director | 248 SIMMONS, DRIVE, COPPELL TX 75019 |
Rl S Lemke | director, officer: Vice President | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Basic Capital Management Inc | 10 percent owner | |
David R. Fletcher | officer: EVP & CFO | C/O SOC TELEMED, INC., 1768 BUSINESS CENTER DRIVE, SUITE 100, RESTON VA 20190 |
Gene S Bertcher | officer: EVP & Chief Acctg. Officer | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Reagan K Vidal | officer: Ex VP Mg Dir Capital Markets | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Alfred Crozier | officer: EVP | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Canon James D Iii | officer: Exec. V.P.-Multi-Family Const. | 1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
Transcontinental Realty Investors Inc | officer: Exec.V.P.-Multi-Family Const | 1603 LBJ FREEWAY, SUITE 800, DALLAS TX 75234 |
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