Net Current Asset Value Screen
Stocks trading below NCAV
Quick Screen Summary
Screens for stocks where the price of the stock is trading below the Net Current Asset Value (NCAV).
NCAV = Current Assets - Total Liabilities
The market discounts all forms of growth and estimates the value of the company to be worth nothing more than the assets.
With current assets capable of paying off total liabilities, downside is very limited.
Read more: NCAV NNWC backtest