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Applicad PCLBKK:APP +2.40%86 Net Cash per Share is ฿-0.42 as of Jun. 2026. GuruFocus rates BKK:APP with a GF Score™ of 86/100 and a GF Value™ of ฿2.62 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 860 Software companies, Applicad PCL ranks worse than 116278.95% on this metric.
The historical rank and industry rank for Applicad PCL's Net Cash per Share or its related term are showing as below:
During the past 11 years, the highest Price-to-Net-Cash Ratio of Applicad PCL was 18.53. The lowest was 10.27. And the median was 12.92.
BKK:APP's Price-to-Net-Cash is not ranked *
in the Software industry.
Industry Median: 8.285 * Ranked among companies with meaningful Price-to-Net-Cash only.
Applicad PCL (BKK:APP) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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 Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Applicad PCL Net Cash per Share Related Terms
Applicad PCL Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Applicad PCL's Net Cash per Share 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:APP vs CRM, SHOP, UBER: Net Cash per Share Comparison
For the Software - Application subindustry, Applicad PCL's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Applicad PCL Price-to-Net-Cash vs Software Industry
For the Software industry and Technology sector, Applicad PCL's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Applicad PCL's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Applicad PCL's Net Cash per Share for the fiscal year that ended in Dec. 2025 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.
Applicad PCL (BKK:APP) has a Net Cash per Share of ฿-0.42 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Applicad PCL and its competitors. According to the industry distribution chart, Applicad PCL ranks #999999 out of 860 companies in the Software industry.
Is Applicad PCL's Net Cash per Share too high?
Applicad PCL's current Net Cash per Share is ฿-0.42. Based on the distribution chart, Applicad PCL ranks #999999 out of 860 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Applicad PCL has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applicad PCL's Net Cash per Share compare to CRM and SHOP?
According to the Software industry distribution chart, Applicad PCL ranks #999999 out of 860 companies for Net Cash per Share. This places Applicad PCL in the lower half of its industry. The industry median Net Cash per Share is 8.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Software company?
The median Net Cash per Share among Software companies is 8.29, based on 860 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Applicad PCL and its competitors. For the Software industry, the median Net Cash per Share is 8.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applicad PCL's current Net Cash per Share is ฿-0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applicad PCL stock overvalued right now?
Based on GuruFocus' analysis, Applicad PCL (BKK:APP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.62, compared to a current price of ฿3.42 — trading 30.5% above its estimated fair value. The current Net Cash per Share is ฿-0.42. Applicad PCL's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Applicad PCL (BKK:APP), the current Net Cash per Share is ฿-0.42 as of Jun. 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 Applicad PCL (BKK:APP) Overvalued in 2026?
Based on GuruFocus' analysis, Applicad PCL stock appears to be overvalued.
The current stock price of ฿3.42 is trading 30.5% above its estimated GF Value™ of ฿2.62.
GuruFocus considers Applicad PCL to be Significantly Overvalued.
Key valuation signals for BKK:APP:
Net Cash per Share: ฿-0.42
GF Value™: ฿2.62 vs. price of ฿3.42 (30.5% above fair value)
No single metric tells the full story. See the BKK:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applicad PCL main business is the sale of computer programs and maintenance services for computer programs, machines and equipment, and the design and development of related products and services. The company operates through three segments: Computer Software Sales division, engaged in the sale of computer programs for specific applications and peripherals and generating maximum revenue; Sale Division of Machinery, Equipment and Other Products, engaged in the sale of machinery, computer parts, spare parts, materials and other products; and Service Division, providing computer maintenance services, design and manufacture of industrial parts and prototypes, and other services. Geographically, the company operates in Thailand and Indonesia, while earning key revenue from sales in Thailand.
86GF Score
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