Net Current Asset Value Per Share - NCAVPS

A semi-interesting balance sheet term. See: Current Asset first. That's something you can sell for cash within a year, and nice, conservative companies hold that value, net of selling costs (i.e. marketing, staging, and commissions).

The "net" thing in there is net of...something...and every balance sheet is different. For some companies, they actually attach tax costs if there are gains. Others attach weird things like one-time write-offs associated with selling, say, the lone paper-printing facility. Like, you have to then lay off the 22 people who run it, and pay off their pensions, etc.

So then you have the "per share" thing. That's easy. Whatever that net current asset value is goes in the numerator; and the number of shares goes in the denominator. So if whatever.com had $22 million in net current assets, or that was the net value of them, and they had 100 million shares, then they'd have 22 cents a share in net current asset value per share.