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Asset Five Group PCLBKK:A5 75 Net Current Asset Value is ฿1.30 as of Mar. 2026, which is 100% below its 10-year median of 5.05. GuruFocus rates BKK:A5 with a GF Score™ of 75/100 and a GF Value™ of ฿1.97 (Fairly Valued). The stock has 7 warning signs investors should review. Among 756 Real Estate companies, Asset Five Group PCL ranks better than 64.68% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Asset Five Group PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿1.30.
The historical rank and industry rank for Asset Five Group PCL's Net Current Asset Value or its related term are showing as below:
BKK:A5'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.34 Med: 5.05 Max: 52.56
Current: 1.39
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Asset Five Group PCL was 52.56. The lowest was 1.34. And the median was 5.05.
BKK:A5's Price-to-Net-Current-Asset-Value is ranked better than 64.68% of 756
companies
in the Real Estate industry
Industry Median: 2.09
vs BKK:A5: 1.39
Asset Five Group PCL (BKK:A5) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Asset Five Group PCL Net Current Asset Value Related Terms
Asset Five Group PCL Net Current Asset Value Historical Data
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The historical data trend for Asset Five Group PCL's Net Current Asset Value 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.
Asset Five Group PCL Net Current Asset Value Chart
Asset Five Group PCL Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Asset Five Group PCL's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Asset Five Group PCL Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Asset Five Group PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asset Five Group PCL's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of ฿1.30 mean?
Asset Five Group PCL (BKK:A5) has a Net Current Asset Value of ฿1.30 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Asset Five Group PCL and its competitors. This is 74% below median its historical median of 5.05. Over the past decade, Asset Five Group PCL's Net Current Asset Value has ranged from 1.34 to 52.56. According to the industry distribution chart, Asset Five Group PCL ranks #267 out of 756 companies in the Real Estate industry, placing it in the top 35.3%.
Is Asset Five Group PCL's Net Current Asset Value too high?
Asset Five Group PCL's current Net Current Asset Value of ฿1.30 is 74% below median its 10-year median of 5.05. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 52.56. Based on the distribution chart, Asset Five Group PCL ranks #267 out of 756 companies in the Real Estate industry, which is above the industry midpoint. Overall, Asset Five Group PCL has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asset Five Group PCL's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Asset Five Group PCL ranks #267 out of 756 companies for Net Current Asset Value. This puts Asset Five Group PCL in the upper half of its industry. The industry median Net Current Asset Value is 2.09. Historically, Asset Five Group PCL's own Net Current Asset Value has ranged from 1.34 to 52.56 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 Current Asset Value for a Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.09, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Asset Five Group PCL and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Five Group PCL's current Net Current Asset Value is ฿1.30, which is 74% below median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Five Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Asset Five Group PCL (BKK:A5) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.97, compared to a current price of ฿1.81 — trading 8.1% below its estimated fair value. The current Net Current Asset Value is ฿1.30, which is 74% below median its 10-year median of 5.05. Asset Five Group PCL's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Asset Five Group PCL (BKK:A5), the current Net Current Asset Value is ฿1.30 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 Asset Five Group PCL (BKK:A5) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Five Group PCL stock appears to be undervalued.
The current stock price of ฿1.81 is trading 8.1% below its estimated GF Value™ of ฿1.97.
GuruFocus considers Asset Five Group PCL to be Fairly Valued.
Key valuation signals for BKK:A5:
Net Current Asset Value: ฿1.30 (74% below median its 10-year median of 5.05)
GF Value™: ฿1.97 vs. price of ฿1.81 (8.1% below fair value)
No single metric tells the full story. See the BKK:A5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Five Group PCL operates as a holding company. The firm is engaged in real estate development. It generates revenue from the sales of houses and sales of condominiums, of which key revenue is derived from the sales of houses. The Group is involved virtually in real estate development for sales business, and to provide services related to the real estate development business for sale in the form of interior, decoration, and renovation contracts. The group's operations are located in Thailand.
75GF Score
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