Netbay PCLBKK:NETBAY +1.03%78 EV-to-OCF is 6.23 as of Jun. 25, 2026, which is 78% below its 10-year median of 27.95. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.55 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,867 Software companies, Netbay PCL ranks better than 50.47% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Netbay PCL's Enterprise Value is ฿1,571.7 Mil.
Netbay PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ฿252.2 Mil. Therefore, Netbay PCL's EV-to-OCF for today is 6.23.
The historical rank and industry rank for Netbay PCL's EV-to-OCF or its related term are showing as below:
BKK:NETBAY'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.72 Med: 27.95 Max: 75.05
Current: 6.35
During the past 11 years, the highest EV-to-OCF of Netbay PCL was 75.05. The lowest was 5.72. And the median was 27.95.
BKK:NETBAY's EV-to-OCF is ranked better than 50.47% of 2867
companies
in the Software industry
Industry Median: 6.5
vs BKK:NETBAY: 6.35
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Netbay PCL's share price for today is ฿9.85.
Netbay PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1.140.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Netbay PCL EV-to-OCF Related Terms
Netbay PCL EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Netbay PCL's EV-to-OCF can be seen below:
* 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.
BKK:NETBAY vs CRM, SHOP, UBER: EV-to-OCF Comparison
For the Software - Application subindustry, Netbay PCL's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Netbay PCL's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Netbay PCL's EV-to-OCF falls into.
Netbay PCL's current Enterprise Value is ฿1,571.7 Mil.
Netbay PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿252.2 Mil.
* 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.
Netbay PCL (BKK:NETBAY) has a EV-to-OCF of 6.23 as of Jun. 25, 2026. This is 78% below median its historical median of 27.95. Over the past decade, Netbay PCL's EV-to-OCF has ranged from 5.72 to 75.05. According to the industry distribution chart, Netbay PCL ranks #1420 out of 2867 companies in the Software industry, placing it in the top 49.5%.
Is Netbay PCL's EV-to-OCF too high?
Netbay PCL's current EV-to-OCF of 6.23 is 78% below median its 10-year median of 27.95. Over the past 10 years, this metric has ranged from a low of 5.72 to a high of 75.05. The Software industry median EV-to-OCF is 6.50. Netbay PCL's value of 6.23 is 4.2% below this industry median. Based on the distribution chart, Netbay PCL ranks #1420 out of 2867 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's EV-to-OCF compare to CRM and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #1420 out of 2867 companies for EV-to-OCF. This puts Netbay PCL in the upper half of its industry. The industry median EV-to-OCF is 6.50. Netbay PCL's value of 6.23 is 4.2% below this benchmark. Historically, Netbay PCL's own EV-to-OCF has ranged from 5.72 to 75.05 over the past decade. While the company's 10-year median is 27.95 vs. the industry median of 6.50, Netbay PCL has consistently been below 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 EV-to-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.50, based on 2,867 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netbay PCL's current EV-to-OCF of 6.23 is 4.2% below 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current EV-to-OCF is 6.23, which is 78% below median its own 10-year median of 27.95. 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 ฿21.55, compared to a current price of ฿9.85 — trading 54.3% below its estimated fair value. The current EV-to-OCF is 6.23, which is 78% below median its 10-year median of 27.95 and 4.2% below the Software industry median of 6.50. Netbay PCL's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Netbay PCL (BKK:NETBAY), the current EV-to-OCF is 6.23 as of Jun. 25, 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 ฿9.85 is trading 54.3% below its estimated GF Value™ of ฿21.55.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
EV-to-OCF: 6.23 (78% below median its 10-year median of 27.95)
GF Value™: ฿21.55 vs. price of ฿9.85 (54.3% below fair value)
Industry Position: 4.2% below the Software median (#1420 of 2867)
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 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.
78GF Score
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