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The historical rank and industry rank for M.C.S. Steel PCL's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of M.C.S. Steel PCL was 86.67. The lowest was 37.39. And the median was 62.03.
BKK:MCS's Price-to-Net-Cash is not ranked *
in the Steel industry.
Industry Median: 5.4 * Ranked among companies with meaningful Price-to-Net-Cash only.
M.C.S. Steel PCL (BKK:MCS) 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.
M.C.S. Steel PCL Net Cash per Share Related Terms
M.C.S. Steel PCL Net Cash per Share Historical Data
* Premium members only.
The historical data trend for M.C.S. Steel 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:MCS vs NUE, STLD, RS: Net Cash per Share Comparison
For the Steel subindustry, M.C.S. Steel 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.
M.C.S. Steel PCL Price-to-Net-Cash vs Steel Industry
For the Steel industry and Basic Materials sector, M.C.S. Steel PCL's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where M.C.S. Steel 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.
M.C.S. Steel 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.
M.C.S. Steel PCL (BKK:MCS) has a Net Cash per Share of ฿-3.29 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 M.C.S. Steel PCL and its competitors. According to the industry distribution chart, M.C.S. Steel PCL ranks #999999 out of 80 companies in the Steel industry.
Is M.C.S. Steel PCL's Net Cash per Share too high?
M.C.S. Steel PCL's current Net Cash per Share is ฿-3.29. Based on the distribution chart, M.C.S. Steel PCL ranks #999999 out of 80 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, M.C.S. Steel PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M.C.S. Steel PCL's Net Cash per Share compare to NUE and STLD?
According to the Steel industry distribution chart, M.C.S. Steel PCL ranks #999999 out of 80 companies for Net Cash per Share. This places M.C.S. Steel PCL in the lower half of its industry. The industry median Net Cash per Share is 5.40. 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 Steel company?
The median Net Cash per Share among Steel companies is 5.40, based on 80 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 M.C.S. Steel PCL and its competitors. For the Steel industry, the median Net Cash per Share is 5.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.C.S. Steel PCL's current Net Cash per Share is ฿-3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.C.S. Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, M.C.S. Steel PCL (BKK:MCS) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.30, compared to a current price of ฿7.85 — trading 24.6% above its estimated fair value. The current Net Cash per Share is ฿-3.29. M.C.S. Steel PCL's overall GF Score™ is 68/100 with 5 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 M.C.S. Steel PCL (BKK:MCS), the current Net Cash per Share is ฿-3.29 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 M.C.S. Steel PCL (BKK:MCS) Overvalued in 2026?
Based on GuruFocus' analysis, M.C.S. Steel PCL stock appears to be overvalued.
The current stock price of ฿7.85 is trading 24.6% above its estimated GF Value™ of ฿6.30.
GuruFocus considers M.C.S. Steel PCL to be Modestly Overvalued.
Key valuation signals for BKK:MCS:
Net Cash per Share: ฿-3.29
GF Value™: ฿6.30 vs. price of ฿7.85 (24.6% above fair value)
No single metric tells the full story. See the BKK:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M.C.S. Steel PCL is engaged in the production and distribution of structural steel products for building construction and residential development projects for sale. It provides and exports steel structure works for various projects. The company's services include engineering design, parts, and quality control. The company's product and services portfolio includes Fabrication and sale of structural steel of which substantial income is earned, Fabrication including installation of structural steel, and Rendering of services. The business operates in three geographical segments: Thailand, Japan, and China. Key revenue is earned from domestic sales.
68GF Score
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