MPX - 25 Stocks Screened For Growth Dividend Growth And Value
Benjamin Graham wrote in his book The Intelligent Investor:
It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone-after deducting all prior claims and counting as zero the fixed and other assets-the results would be quite satisfactory.
This still seems ridiculously simple to say, and lies near the heart of value investing. The basic formula of net current asset value (NCAV) is:
- NCAV = current assets - total liabilities.
Divide NCAV by