General Engineering PCL (BKK:GEL-R) Net Cash per Share: ฿-0.69 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

What is General Engineering PCL Net Cash per Share?

General Engineering PCL BKK:GEL-R +33.33% Net Cash per Share is ฿-0.69 as of Jun. 2026. The stock has 5 warning signs investors should review. Among 43 Building Materials companies, General Engineering PCL ranks worse than 2325579.07% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). General Engineering PCL's Net Cash per Share for the quarter that ended in Jun. 2026 was ฿-0.69.

The historical rank and industry rank for General Engineering PCL's Net Cash per Share or its related term are showing as below:

BKK:GEL-R's Price-to-Net-Cash is not ranked *
in the Building Materials industry.
Industry Median: 8.81
* Ranked among companies with meaningful Price-to-Net-Cash only.

General Engineering PCL  (BKK:GEL-R) 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.


General Engineering PCL Net Cash per Share Related Terms


General Engineering PCL Net Cash per Share Historical Data

* Premium members only.

The historical data trend for General Engineering 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.

General Engineering PCL Net Cash per Share Chart

General Engineering PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -0.44 -0.81 -0.77 -0.70

General Engineering PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net Cash per Share 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 -0.75 -0.73 -0.70 -0.70 -0.69

BKK:GEL-R vs CRH, VMC, MLM: Net Cash per Share Comparison

For the Building Materials subindustry, General Engineering 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.


General Engineering PCL Price-to-Net-Cash vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, General Engineering PCL's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where General Engineering PCL's Price-to-Net-Cash falls into.



General Engineering PCL Net Cash per Share Calculation

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.

General Engineering PCL's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(46.767-5509.526-574.733)/8612.049
=-0.70

General Engineering PCL's Net Cash per Share for the quarter that ended in Jun. 2026 is calculated as

Net Cash per Share (Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(37.542-5483.09-495.424)/8612.049
=-0.69

* 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 Net Cash per Share →
What does a Net Cash per Share of ฿-0.69 mean?
General Engineering PCL (BKK:GEL-R) has a Net Cash per Share of ฿-0.69 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 General Engineering PCL and its competitors. According to the industry distribution chart, General Engineering PCL ranks #999999 out of 43 companies in the Building Materials industry.
Is General Engineering PCL's Net Cash per Share too high?
General Engineering PCL's current Net Cash per Share is ฿-0.69. Based on the distribution chart, General Engineering PCL ranks #999999 out of 43 companies in the Building Materials industry, which is in the bottom quartile relative to peers.
How does General Engineering PCL's Net Cash per Share compare to CRH and VMC?
According to the Building Materials industry distribution chart, General Engineering PCL ranks #999999 out of 43 companies for Net Cash per Share. This places General Engineering PCL in the lower half of its industry. The industry median Net Cash per Share is 8.81. 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 Building Materials company?
The median Net Cash per Share among Building Materials companies is 8.81, based on 43 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 General Engineering PCL and its competitors. For the Building Materials industry, the median Net Cash per Share is 8.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Engineering PCL's current Net Cash per Share is ฿-0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, General Engineering PCL (BKK:GEL-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.03, compared to a current price of ฿0.04 — trading 33.3% above its estimated fair value. The current Net Cash per Share is ฿-0.69. 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 General Engineering PCL (BKK:GEL-R), the current Net Cash per Share is ฿-0.69 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.

General Engineering PCL Business Description

Other Exchanges GEL:Thailand
Address 44/2 Moo 2 Tivanont Road, Bangkadi, Muang Pathumthani, Pathumthani, Pathumthani, THA, 12000
General Engineering PCL is engaged in the manufacturing and selling of construction material, prestressed concrete piles, precast concrete, glass fiber reinforced concrete, cementation products and post-tensioned slab, prestressed spun concrete piles, the special qualified PC wire and PC Strand and providing the construction and installation services for such products. Its operating segments are Manufacturing and distribution of concrete products, which is the key revenue-generating segment; Construction services; and Manufacturing and distribution of PC wire and PC strand. The company and its subsidiaries operate in Thailand only.