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).
O Bank No 1 REIT's net current asset value per share for the quarter that ended in . 20 was NT$0.00.
The historical rank and industry rank for O Bank No 1 REIT's Net Current Asset Value or its related term are showing as below:
TPE:01009T's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.14 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
O Bank No 1 REIT Net Current Asset Value Historical Data
The historical data trend for O Bank No 1 REIT'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.
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O Bank No 1 REIT Net Current Asset Value Chart
O Bank No 1 REIT Annual Data
Trend
Net Current Asset Value
O Bank No 1 REIT Semi-Annual Data
Net Current Asset Value
Competitive Comparison of O Bank No 1 REIT's Net Current Asset Value
For the REIT - Diversified subindustry, O Bank No 1 REIT'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.
O Bank No 1 REIT's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, O Bank No 1 REIT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where O Bank No 1 REIT's Price-to-Net-Current-Asset-Value falls into.
O Bank No 1 REIT Net Current Asset Value Calculation
O Bank No 1 REIT's Net Current Asset Value (NCAV) per share for the fiscal year that ended in . 20 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.
O Bank No 1 REIT (TPE:01009T) 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.
O Bank No 1 REIT Net Current Asset Value Related Terms
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O Bank No 1 REIT (TPE:01009T) Business Description
O Bank No 1 REIT is a company which invests in commercial real estates, including the Panhsin Banker Building in Banqiao and Focus Square in Tainan. REITs derive most of its revenues from property rental income, while the shares it issues will afford investors the opportunity to make real estate investments in relatively small amounts. Its main objective is to provide another capital market vehicle for raising funds, and to give investors a way to invest in commercial real estate with relatively smaller amounts.
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