Post edited 12:14 am – March 16, 2010 by www.grahamnetnet.com
I've updated the screener with commons value ratio :
P/NCAV = P/(Current Assets – Total Liabilities)
P/NNWC = P/(Cash & Equivalents + (Accounts Receivables x 0.75) + (Inventory x 0.5) – Total Liabilities)
Solv = Total Equity / ( Total Liabilities & Shareholders’ Equity – Cash & Equivalents)
The NetNet value is for me the NCAV. The NNWC is only a extra margin for protecting us against ignorance…
The solvability ratio is a custom gearing ratio (inspired by the blog Les Daubasses selon Benjamin Graham). It establishes the power relationship between the company and its bankers.
A solvability ratio >= 40 % is very recommended when you buy a netnet and can protect you against a premature bankruptcy…
EDIT :
Red : US OTC-Pink sheet
Green : US NYSE-Nasdaq-Amex
Blue : European Market
EDIT 2:
For the foreign stock on the US market, the price is converted in local currency.