What is Alliance Bancorp Of Pennsylvania Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
The historical rank and industry rank for Alliance Bancorp Of Pennsylvania's Net Current Asset Value or its related term are showing as below:
ALLB's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 4.16 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Alliance Bancorp Of Pennsylvania Net Current Asset Value Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Alliance Bancorp Of Pennsylvania Net Current Asset Value Chart
Competitive Comparison of Alliance Bancorp Of Pennsylvania's Net Current Asset Value
For the Banks - Regional subindustry, Alliance Bancorp Of Pennsylvania's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alliance Bancorp Of Pennsylvania's Price-to-Net-Current-Asset-Value Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Alliance Bancorp Of Pennsylvania's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alliance Bancorp Of Pennsylvania's Price-to-Net-Current-Asset-Value falls into.
Alliance Bancorp Of Pennsylvania Net Current Asset Value Calculation
Alliance Bancorp Of Pennsylvania's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2014 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alliance Bancorp Of Pennsylvania (NAS:ALLB) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Alliance Bancorp Of Pennsylvania Net Current Asset Value Related Terms
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Alliance Bancorp Of Pennsylvania (Alliance Bancorp Of Pennsylvania) Business Description
Alliance Bancorp Inc Of Pennsylvania is a Pennsylvania corporation and a savings and loan holding company, which is a Pennsylvania chartered community oriented savings bank. Alliance Bank operates a total of eight banking offices located in Delaware and Chester Counties, Pennsylvania, which are suburbs of Philadelphia. Its primary business consists of attracting deposits from the general public and using those funds, together with funds it borrows, to originate loans to its customers and invest in securities such as U.S. Government and agency securities, mortgage-backed securities and municipal obligations. Its loan originations are obtained by a variety of sources, including referrals from real estate brokers, builders, existing customers, advertising, walk-in customers and, to a significant extent, mortgage brokers who obtain credit reports, appraisals and other documentation involved with a loan. In most cases, property valuations are performed by independent outside appraisers. Title and hazard insurance are generally required on all security property other than property securing a home equity loan, in which case the Company obtains a title opinion. The majority of the Company's loans are secured by property located in its primary lending area. The Company originates and, to a lesser extent, purchases mortgage loans for the acquisition and refinancing of existing multi-family residential and commercial real estate properties. The Company also originates residential and commercial construction loans, and to a limited degree, land acquisition and development loans. Construction loans are classified as either residential construction loans or commercial real estate construction loans at the time of origination, depending on the nature of the property securing the loan. The Company's construction lending activities generally are limited to the Company's primary market area. The Company's residential construction loans are primarily made to local real estate builders and developers for the purpose of constructing single-family homes and single-family residential developments. The Company offers consumer loans in order to provide a full range of financial services to its customers and because such loans generally have shorter terms and higher interest rates than mortgage loans. The Company has a commercial loan department, which provides a full range of commercial loan products to small business customers in its primary marketing area. These loans generally have shorter terms and higher interest rates as compared to mortgage loans. In addition to interest earned on loans, the Company receives income from fees in connection with loan originations, loan modifications, late payments, prepayments and for miscellaneous services related to its loans. The Company faces competition both in attracting deposits and making real estate loans. The Company is subject to supervision and regulation by the Board of Governors of the Federal R
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