Classic Value Screen - NCAV

Submitted by Value Investing News on Mon, 2008-07-14 00:18.

We are going to be trying something new here at Value Investing News. We are going to report on the results of some value investing screens periodically. The most classic of which is Benjamin Graham's net net current asset value (NCAV) screen.

Two modifications are made to the NCAV screen. We added a liquidity factor and instead of looking for stocks trading at 2/3 of NCAV we will actually selecting stocks trading at 80% of NCAV. Here are the results based on July 11, 2008 numbers:

 

Company Ticker NCAV
Airspan Networks, Inc. AIRN 43.4
Audiovox Corporation VOXX 243.0
Bell Microproducts Inc. BELM 106.7
Care Investment Trust Inc CRE 290.4
Duckwall-ALCO Stores, Inc DUCK 65.2
Handleman Company HDLM 66.9
India Globalization Capital, I IGC 60.9
InFocus Corporation INFS 82.6
LJ International, Inc. JADE 61.3
MarineMax, Inc. HZO 122.9
Northstar Neuroscience, Inc. NSTR 70.3
Nu Horizons Electronics Corp. NUHC 131.2
Qiao Xing Mobile Communication QXM 350.7
Soapstone Networks Inc SOAP 101.3
Trans World Entertainment Corp TWMC 200.9
Vimicro International Corp VIMC 155.4
West Marine, Inc WMAR 130.8

 

See anything strange with the results. I'm sure improvements can be made. What other value screens would you like to see here in the future?