Netbay PCL (BKK:NETBAY) 3-Year EPS without NRI Growth Rate: 16.00% (As of Mar. 2026) — 65% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:NETBAY Netbay PCL BKK:NETBAY
87 GF Score
Price ฿14.70
GF Value ฿21.21
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Netbay PCL 3-Year EPS without NRI Growth Rate?

Netbay PCL BKK:NETBAY 87 3-Year EPS without NRI Growth Rate is 16.00% as of Mar. 2026, which is 65% above its 10-year median of 9.70. GuruFocus rates BKK:NETBAY with a GF Score™ of 87/100 and a GF Value™ of ฿21.21 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,077 Software companies, Netbay PCL ranks better than 55.37% on this metric.

Netbay PCL's EPS without NRI for the three months ended in Mar. 2026 was ฿0.17.

During the past 12 months, Netbay PCL's average EPS without NRI Growth Rate was -5.00% per year. During the past 3 years, the average EPS without NRI Growth Rate was 16.00% per year. During the past 5 years, the average EPS without NRI Growth Rate was 10.80% per year. During the past 10 years, the average EPS without NRI Growth Rate was 11.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EPS without NRI growth rate.

During the past 11 years, the highest 3-Year average EPS without NRI Growth Rate of Netbay PCL was 31.60% per year. The lowest was -1.50% per year. And the median was 9.70% per year.


Netbay PCL  (BKK:NETBAY) 3-Year EPS without NRI Growth Rate Explanation

EPS without NRI is the amount of earnings without non-recurring items per outstanding share of the company's stock.

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists Earnings per share without Non-Recurring Items, which better reflects the company's underlying performance.


Netbay PCL 3-Year EPS without NRI Growth Rate Related Terms


BKK:NETBAY vs UBER, SHOP, CRM: 3-Year EPS without NRI Growth Rate Comparison

For the Software - Application subindustry, Netbay PCL's 3-Year EPS without NRI Growth Rate, along with its competitors' market caps and 3-Year EPS without NRI Growth Rate 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.


Netbay PCL 3-Year EPS without NRI Growth Rate vs Software Industry

For the Software industry and Technology sector, Netbay PCL's 3-Year EPS without NRI Growth Rate distribution charts can be found below:

* The bar in red indicates where Netbay PCL's 3-Year EPS without NRI Growth Rate falls into.


BKK:NETBAY
87GF Score
Netbay PCL BKK:NETBAY
3-Year EPS without NRI Growth Rate is just one metric. See GF Score™, valuation, warning signs, and more.
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Netbay PCL 3-Year EPS without NRI Growth Rate Calculation

This is the 3-year average growth rate of EPS without NRI. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EPS without NRI growth rate.

What does a 3-Year EPS without NRI Growth Rate of 16.00% mean?
Netbay PCL (BKK:NETBAY) has a 3-Year EPS without NRI Growth Rate of 16.00% as of Mar. 2026. 3-Year EPS without NRI Growth Rate is the 3-year average growth rate of EPS without NRI. View historical data for Netbay PCL and its competitors. This is 65% above median its historical median of 9.70. According to the industry distribution chart, Netbay PCL ranks #927 out of 2077 companies in the Software industry, placing it in the top 44.6%.
Is Netbay PCL's 3-Year EPS without NRI Growth Rate too high?
Netbay PCL's current 3-Year EPS without NRI Growth Rate of 16.00% is 65% above median its 10-year median of 9.70. The Software industry median 3-Year EPS without NRI Growth Rate is 12.50. Netbay PCL's value of 16.00% is 28% above this industry median. Based on the distribution chart, Netbay PCL ranks #927 out of 2077 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's 3-Year EPS without NRI Growth Rate compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #927 out of 2077 companies for 3-Year EPS without NRI Growth Rate. This puts Netbay PCL in the upper half of its industry. The industry median 3-Year EPS without NRI Growth Rate is 12.50. Netbay PCL's value of 16.00% is 28% above this benchmark. While the company's 10-year median is 9.70 vs. the industry median of 12.50, Netbay PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year EPS without NRI Growth Rate for a Software company?
The median 3-Year EPS without NRI Growth Rate among Software companies is 12.50, based on 2,077 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year EPS without NRI Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year EPS without NRI Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netbay PCL's current 3-Year EPS without NRI Growth Rate of 16.00% is 28% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year EPS without NRI Growth Rate mean?
A high 3-Year EPS without NRI Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year EPS without NRI Growth Rate is the 3-year average growth rate of EPS without NRI. View historical data for Netbay PCL and its competitors. For the Software industry, the median 3-Year EPS without NRI Growth Rate is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current 3-Year EPS without NRI Growth Rate is 16.00%, which is 65% above median its own 10-year median of 9.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.21, compared to a current price of ฿14.70 — trading 30.7% below its estimated fair value. The current 3-Year EPS without NRI Growth Rate is 16.00%, which is 65% above median its 10-year median of 9.70 and 28% above the Software industry median of 12.50. Netbay PCL's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year EPS without NRI Growth Rate calculated?
3-Year EPS without NRI Growth Rate is calculated from a company's financial statements. For Netbay PCL (BKK:NETBAY), the current 3-Year EPS without NRI Growth Rate is 16.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Netbay PCL (BKK:NETBAY) Overvalued in 2026?

Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued. The current stock price of ฿14.70 is trading 30.7% below its estimated GF Value™ of ฿21.21. GuruFocus considers Netbay PCL to be Significantly Undervalued.

Key valuation signals for BKK:NETBAY:

  • 3-Year EPS without NRI Growth Rate: 16.00% (65% above median its 10-year median of 9.70)
  • GF Value™: ฿21.21 vs. price of ฿14.70 (30.7% below fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 28% above the Software median (#927 of 2077)

No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netbay PCL Business Description

Address No. 719/5, 8-9, Rama 6 Road, Wang Mai Sub-district, Pathumwan District, Bangkok, THA, 10330
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
87GF Score

Get the complete analysis for BKK:NETBAY

3-Year EPS without NRI Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿14.70
Price
฿21.21
GF Value