Netbay PCLBKK:NETBAY +9.30%87 Net Cash per Share is ฿1.13 as of Mar. 2026, which is 100% below its 10-year median of 26.63. GuruFocus rates BKK:NETBAY with a GF Score™ of 87/100 and a GF Value™ of ฿21.28 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 884 Software companies, Netbay PCL ranks worse than 63.46% on this metric.
The historical rank and industry rank for Netbay PCL's Net Cash per Share or its related term are showing as below:
BKK:NETBAY'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 10.41 Med: 26.63 Max: 75
Current: 12.48
During the past 11 years, the highest Price-to-Net-Cash Ratio of Netbay PCL was 75.00. The lowest was 10.41. And the median was 26.63.
BKK:NETBAY's Price-to-Net-Cash is ranked worse than 63.46% of 884
companies
in the Software industry
Industry Median: 8.03
vs BKK:NETBAY: 12.48
Netbay PCL (BKK:NETBAY) 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.
Netbay PCL Net Cash per Share Related Terms
Netbay PCL Net Cash per Share Historical Data
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The historical data trend for Netbay 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:NETBAY vs UBER, SHOP, CRM: Net Cash per Share Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Price-to-Net-Cash vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay 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.
Netbay PCL (BKK:NETBAY) has a Net Cash per Share of ฿1.13 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 Netbay PCL and its competitors. This is 96% below median its historical median of 26.63. Over the past decade, Netbay PCL's Net Cash per Share has ranged from 10.41 to 75.00. According to the industry distribution chart, Netbay PCL ranks #561 out of 884 companies in the Software industry, placing it in the top 63.5%.
Is Netbay PCL's Net Cash per Share too high?
Netbay PCL's current Net Cash per Share of ฿1.13 is 96% below median its 10-year median of 26.63. Over the past 10 years, this metric has ranged from a low of 10.41 to a high of 75.00. Based on the distribution chart, Netbay PCL ranks #561 out of 884 companies in the Software industry, which is below the industry midpoint. Overall, Netbay PCL has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Net Cash per Share compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #561 out of 884 companies for Net Cash per Share. This places Netbay PCL in the lower half of its industry. The industry median Net Cash per Share is 8.03. Historically, Netbay PCL's own Net Cash per Share has ranged from 10.41 to 75.00 over the past decade. 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 8.03, based on 884 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 Netbay PCL and its competitors. For the Software industry, the median Net Cash per Share is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Net Cash per Share is ฿1.13, which is 96% below median its own 10-year median of 26.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.28, compared to a current price of ฿14.10 — trading 33.7% below its estimated fair value. The current Net Cash per Share is ฿1.13, which is 96% below median its 10-year median of 26.63. Netbay PCL's overall GF Score™ is 87/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Net Cash per Share is ฿1.13 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿14.10 is trading 33.7% below its estimated GF Value™ of ฿21.28.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Net Cash per Share: ฿1.13 (96% below median its 10-year median of 26.63)
GF Value™: ฿21.28 vs. price of ฿14.10 (33.7% below fair value)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
87GF Score
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Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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