Metro Systems PCL (BKK:MSC-R) Net Cash per Share: ฿-4.65 (As of Mar. 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.

BKK:MSC-R Metro Systems Corp PCL BKK:MSC-R
65 GF Score
Price ฿7.70
GF Value ฿9.46
! 7 Warning Signs
View Full Analysis

What is Metro Systems PCL Net Cash per Share?

Metro Systems PCL BKK:MSC-R 65 Net Cash per Share is ฿-4.65 as of Mar. 2026. GuruFocus rates BKK:MSC-R with a GF Score™ of 65/100 and a GF Value™ of ฿9.46. The stock has 7 warning signs investors should review. Among 621 Hardware companies, Metro Systems PCL ranks worse than 161030.43% 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). Metro Systems PCL's Net Cash per Share for the quarter that ended in Mar. 2026 was ฿-4.65.

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

BKK:MSC-R's Price-to-Net-Cash is not ranked *
in the Hardware industry.
Industry Median: 8.29
* Ranked among companies with meaningful Price-to-Net-Cash only.

Metro Systems PCL  (BKK:MSC-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.


Metro Systems PCL Net Cash per Share Related Terms


Metro Systems PCL Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Metro Systems 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.

Metro Systems PCL Net Cash per Share Chart

Metro Systems 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 -2.76 -6.05 -3.45 -5.63 -3.85

Metro Systems PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -4.85 -4.58 -4.39 -3.85 -4.65

BKK:MSC-R vs SNX, ARW, AVT: Net Cash per Share Comparison

For the Electronics & Computer Distribution subindustry, Metro Systems 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.


Metro Systems PCL Price-to-Net-Cash vs Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Price-to-Net-Cash distribution charts can be found below:

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


BKK:MSC-R
65GF Score
Metro Systems Corp PCL BKK:MSC-R
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro Systems 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.

Metro Systems 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)
=(692.088-2076.047-0.624)/360.000
=-3.85

Metro Systems PCL's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(698.96-2373.923-0.622)/360.000
=-4.65

* 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 ฿-4.65 mean?
Metro Systems PCL (BKK:MSC-R) has a Net Cash per Share of ฿-4.65 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Metro Systems PCL and its competitors. According to the industry distribution chart, Metro Systems PCL ranks #999999 out of 621 companies in the Hardware industry.
Is Metro Systems PCL's Net Cash per Share too high?
Metro Systems PCL's current Net Cash per Share is ฿-4.65. Based on the distribution chart, Metro Systems PCL ranks #999999 out of 621 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Metro Systems PCL has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Metro Systems PCL's Net Cash per Share compare to SNX and ARW?
According to the Hardware industry distribution chart, Metro Systems PCL ranks #999999 out of 621 companies for Net Cash per Share. This places Metro Systems 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 Hardware company?
The median Net Cash per Share among Hardware companies is 8.29, based on 621 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 Metro Systems PCL and its competitors. For the Hardware 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. Metro Systems PCL's current Net Cash per Share is ฿-4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Systems PCL stock overvalued right now?
Metro Systems PCL (BKK:MSC-R) has a current Net Cash per Share of ฿-4.65. The stock's GF Value™ is ฿9.46, compared to a current price of ฿7.70 — trading 18.6% below its estimated fair value. The current Net Cash per Share is ฿-4.65. Metro Systems PCL's overall GF Score™ is 65/100 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 Metro Systems PCL (BKK:MSC-R), the current Net Cash per Share is ฿-4.65 as of Mar. 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 Metro Systems PCL (BKK:MSC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Systems PCL stock appears to be undervalued. The current stock price of ฿7.70 is trading 18.6% below its estimated GF Value™ of ฿9.46.

Key valuation signals for BKK:MSC-R:

  • Net Cash per Share: ฿-4.65
  • GF Value™: ฿9.46 vs. price of ฿7.70 (18.6% below fair value)
  • GF Score™: 65/100 with 7 warning signs

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


Metro Systems PCL Business Description

Other Exchanges MSC:Thailand
Address 400 Chalermprakiat Rama IX Road, Nong Bon Subdistrict, Prawet District, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales computers and equipment, Sales and installation software, Sales supplies and office equipment, and Rental and other services. It derives key revenue from the Sales and installation software. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.
65GF Score

Get the complete analysis for BKK:MSC-R

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

฿7.70
Price
฿9.46
GF Value