Thai Solar Energy PCLBKK:TSE-R 46 Net Cash per Share is ฿-1.38 as of Mar. 2026. GuruFocus rates BKK:TSE-R with a GF Score™ of 46/100 and a GF Value™ of ฿0.68. The stock has 5 warning signs investors should review. Among 48 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks worse than 2083331.25% on this metric.
The historical rank and industry rank for Thai Solar Energy PCL's Net Cash per Share or its related term are showing as below:
BKK:TSE-R's Price-to-Net-Cash is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.475 * Ranked among companies with meaningful Price-to-Net-Cash only.
Thai Solar Energy PCL (BKK:TSE-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.
Thai Solar Energy PCL Net Cash per Share Related Terms
Thai Solar Energy PCL Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Net Cash per Share Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Price-to-Net-Cash vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy PCL's Price-to-Net-Cash falls into.
Thai Solar Energy 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.
Thai Solar Energy 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.
Thai Solar Energy PCL (BKK:TSE-R) has a Net Cash per Share of ฿-1.38 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 Thai Solar Energy PCL and its competitors. According to the industry distribution chart, Thai Solar Energy PCL ranks #999999 out of 48 companies in the Utilities - Independent Power Producers industry.
Is Thai Solar Energy PCL's Net Cash per Share too high?
Thai Solar Energy PCL's current Net Cash per Share is ฿-1.38. Based on the distribution chart, Thai Solar Energy PCL ranks #999999 out of 48 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Thai Solar Energy PCL has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Net Cash per Share compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #999999 out of 48 companies for Net Cash per Share. This places Thai Solar Energy PCL in the lower half of its industry. The industry median Net Cash per Share is 7.48. 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 an Utilities - Independent Power Producers company?
The median Net Cash per Share among Utilities - Independent Power Producers companies is 7.48, based on 48 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 Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Net Cash per Share is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Net Cash per Share is ฿-1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Net Cash per Share of ฿-1.38. The stock's GF Value™ is ฿0.68, compared to a current price of ฿0.61 — trading 10.9% below its estimated fair value. The current Net Cash per Share is ฿-1.38. Thai Solar Energy PCL's overall GF Score™ is 46/100 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 Thai Solar Energy PCL (BKK:TSE-R), the current Net Cash per Share is ฿-1.38 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 10.9% below its estimated GF Value™ of ฿0.68.
Key valuation signals for BKK:TSE-R:
Net Cash per Share: ฿-1.38
GF Value™: ฿0.68 vs. price of ฿0.61 (10.9% below fair value)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
46GF Score
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