A Performance Summary Of Previous Studies Analyzing Benjamin Graham's Net Current Asset Value Stock Selection Criterion

A Performance Summary Of Previous Studies Analyzing Benjamin Graham’s Net Current Asset Value Stock Selection Criterion by Victor Wendl, Wendl Financial The table below is a summary of various studies that analyzed the performance of Benjamin Graham’s stock filtering criterion of purchasing stocks trading below net current asset value (NCAV). The calculation involves subtracting all liabilities, including preferred stock, from only the current assets on a company’s balance sheet. The calculation is then converted to a per share figure by dividing this approximate measure of a company’s liquidation value by the total number of common shares outstanding. The table below…