Asphere Innovations PCL (BKK:AS) Enterprise Value: ฿727 Mil (As of Jun. 27, 2026) ***


BKK:AS Asphere Innovations PCL BKK:AS
67 GF Score
Price ฿2.28
GF Value ฿3.77
Valuation Possible Value Trap
! 5 Warning Signs
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What is Asphere Innovations PCL Enterprise Value?

Asphere Innovations PCL BKK:AS 67 Enterprise Value is ฿727 Mil as of Jun. 27, 2026. GuruFocus rates BKK:AS with a GF Score™ of 67/100 and a GF Value™ of ฿3.77 (Possible Value Trap). The stock has 5 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Asphere Innovations PCL's Enterprise Value is ฿727 Mil. Asphere Innovations PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ฿168 Mil. Therefore, Asphere Innovations PCL's EV-to-EBIT ratio for today is 4.33.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Asphere Innovations PCL's Enterprise Value is ฿727 Mil. Asphere Innovations PCL's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ฿258 Mil. Therefore, Asphere Innovations PCL's EV-to-EBITDA ratio for today is 2.82.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Asphere Innovations PCL's Enterprise Value is ฿727 Mil. Asphere Innovations PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,275 Mil. Therefore, Asphere Innovations PCL's EV-to-Revenue ratio for today is 0.57.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Asphere Innovations PCL's Enterprise Value is ฿727 Mil. Asphere Innovations PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ฿241 Mil. Therefore, Asphere Innovations PCL's EV-to-OCF ratio for today is 3.02.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Asphere Innovations PCL's Enterprise Value is ฿727 Mil. Asphere Innovations PCL's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ฿142 Mil. Therefore, Asphere Innovations PCL's EV-to-FCF ratio for today is 5.13.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Asphere Innovations PCL  (BKK:AS) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Asphere Innovations PCL's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=726.964/167.927
=4.33

Asphere Innovations PCL's current Enterprise Value is ฿727 Mil.
Asphere Innovations PCL's EBIT 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 ฿168 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Asphere Innovations PCL's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=726.964/258.229
=2.82

Asphere Innovations PCL's current Enterprise Value is ฿727 Mil.
Asphere Innovations PCL's EBITDA 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 ฿258 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Asphere Innovations PCL's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=726.964/1275.313
=0.57

Asphere Innovations PCL's current Enterprise Value is ฿727 Mil.
Asphere Innovations PCL's Revenue 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 ฿1,275 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Asphere Innovations PCL's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=726.964/240.955
=3.02

Asphere Innovations PCL's current Enterprise Value is ฿727 Mil.
Asphere Innovations 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 ฿241 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Asphere Innovations PCL's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=726.964/141.645
=5.13

Asphere Innovations PCL's current Enterprise Value is ฿727 Mil.
Asphere Innovations PCL's Free Cash Flow 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 ฿142 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.


Asphere Innovations PCL Enterprise Value Related Terms


Asphere Innovations PCL Enterprise Value Historical Data

* Premium members only.

The historical data trend for Asphere Innovations PCL's Enterprise Value 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.

Asphere Innovations PCL Enterprise Value Chart

Asphere Innovations PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,380.62 7,975.61 3,744.65 1,745.33 1,308.25

Asphere Innovations PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 869.21 733.70 1,583.03 1,308.25 946.63

BKK:AS vs NTES, EA, TTWO: Enterprise Value Comparison

For the Electronic Gaming & Multimedia subindustry, Asphere Innovations PCL's Enterprise Value, along with its competitors' market caps and Enterprise 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.


Asphere Innovations PCL Enterprise Value vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Asphere Innovations PCL's Enterprise Value falls into.


BKK:AS
67GF Score
Asphere Innovations PCL BKK:AS
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Asphere Innovations PCL Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Asphere Innovations PCL's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Asphere Innovations PCL's Enterprise Value for the quarter that ended in Mar. 2026 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of ฿727 Mil mean?
Asphere Innovations PCL (BKK:AS) has a Enterprise Value of ฿727 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Asphere Innovations PCL and its competitors.
Is Asphere Innovations PCL's Enterprise Value too high?
Asphere Innovations PCL's current Enterprise Value is ฿727 Mil. Overall, Asphere Innovations PCL has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asphere Innovations PCL's Enterprise Value compare to NTES and EA?
Asphere Innovations PCL's Enterprise Value of ฿727 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Interactive Media company?
A good Enterprise Value depends on the Interactive Media industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Asphere Innovations PCL and its competitors. Asphere Innovations PCL's current Enterprise Value is ฿727 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asphere Innovations PCL stock overvalued right now?
Based on GuruFocus' analysis, Asphere Innovations PCL (BKK:AS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.77, compared to a current price of ฿2.28 — trading 39.5% below its estimated fair value. The current Enterprise Value is ฿727 Mil. Asphere Innovations PCL's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Asphere Innovations PCL (BKK:AS), the current Enterprise Value is ฿727 Mil as of Jun. 27, 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 Asphere Innovations PCL (BKK:AS) Overvalued in 2026?

Based on GuruFocus' analysis, Asphere Innovations PCL stock appears to be undervalued. The current stock price of ฿2.28 is trading 39.5% below its estimated GF Value™ of ฿3.77. GuruFocus considers Asphere Innovations PCL to be Possible Value Trap.

Key valuation signals for BKK:AS:

  • Enterprise Value: ฿727 Mil
  • GF Value™: ฿3.77 vs. price of ฿2.28 (39.5% below fair value)
  • GF Score™: 67/100 with 5 warning signs

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


Asphere Innovations PCL Business Description

Other Exchanges 5ASA:Germany
Address Rama 9 Road, 51 Major Tower Rama 9 - Ramkhamhaeng 18th Floor, Room No. 3-8, Hua Mak, Bangkapi, Bangkok, THA, 10240
Asphere Innovations PCL is engaged in providing online game services. The Company operates in two segments: the publishing online game segment, which contributes the majority of the revenue and provides online game publishing services through the internet based on agreements between the publisher and game developers; and the distribution segment, which provides payment channel services. Other income mainly comprises revenue from the provision of marketing services. The Company offers a collection of games across PC and mobile platforms, covering genres such as MMORPG, Casual, SRPG, FPS, and MOBA. It operates in Thailand, Singapore, Vietnam, and other countries, with Singapore contributing the majority of the revenue.
67GF Score

Get the complete analysis for BKK:AS

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿2.28
Price
฿3.77
GF Value