Asphere Innovations PCLBKK:AS +0.88%65 Net Current Asset Value is ฿0.48 as of Mar. 2026, which is 100% below its 10-year median of 12.64. GuruFocus rates BKK:AS with a GF Score™ of 65/100 and a GF Value™ of ฿3.76 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 365 Interactive Media companies, Asphere Innovations PCL ranks worse than 59.45% 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).
Asphere Innovations PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.48.
The historical rank and industry rank for Asphere Innovations PCL's Net Current Asset Value or its related term are showing as below:
BKK:AS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.79 Med: 12.64 Max: 61
Current: 4.79
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Asphere Innovations PCL was 61.00. The lowest was 4.79. And the median was 12.64.
BKK:AS's Price-to-Net-Current-Asset-Value is ranked worse than 59.45% of 365
companies
in the Interactive Media industry
Industry Median: 3.67
vs BKK:AS: 4.79
Asphere Innovations PCL (BKK:AS) 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.
Asphere Innovations PCL Net Current Asset Value Related Terms
Asphere Innovations PCL Net Current Asset Value Historical Data
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The historical data trend for Asphere Innovations 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.
Asphere Innovations PCL Net Current Asset Value Chart
BKK:AS vs NTES, EA, TTWO: Net Current Asset Value Comparison
For the Electronic Gaming & Multimedia subindustry, Asphere Innovations 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.
Asphere Innovations PCL Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asphere Innovations 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 ฿0.48 mean?
Asphere Innovations PCL (BKK:AS) has a Net Current Asset Value of ฿0.48 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 Asphere Innovations PCL and its competitors. This is 96% below median its historical median of 12.64. Over the past decade, Asphere Innovations PCL's Net Current Asset Value has ranged from 4.79 to 61.00. According to the industry distribution chart, Asphere Innovations PCL ranks #217 out of 365 companies in the Interactive Media industry, placing it in the top 59.5%.
Is Asphere Innovations PCL's Net Current Asset Value too high?
Asphere Innovations PCL's current Net Current Asset Value of ฿0.48 is 96% below median its 10-year median of 12.64. Over the past 10 years, this metric has ranged from a low of 4.79 to a high of 61.00. Based on the distribution chart, Asphere Innovations PCL ranks #217 out of 365 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Asphere Innovations PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asphere Innovations PCL's Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, Asphere Innovations PCL ranks #217 out of 365 companies for Net Current Asset Value. This places Asphere Innovations PCL in the lower half of its industry. The industry median Net Current Asset Value is 3.67. Historically, Asphere Innovations PCL's own Net Current Asset Value has ranged from 4.79 to 61.00 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 Current Asset Value for an Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.67, based on 365 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 Asphere Innovations PCL and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asphere Innovations PCL's current Net Current Asset Value is ฿0.48, which is 96% below median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asphere Innovations PCL stock overvalued right now?
Based on GuruFocus' analysis, Asphere Innovations PCL (BKK:AS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.76, compared to a current price of ฿2.30 — trading 38.8% below its estimated fair value. The current Net Current Asset Value is ฿0.48, which is 96% below median its 10-year median of 12.64. Asphere Innovations PCL's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Asphere Innovations PCL (BKK:AS), the current Net Current Asset Value is ฿0.48 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 Asphere Innovations PCL (BKK:AS) Overvalued in 2026?
Based on GuruFocus' analysis, Asphere Innovations PCL stock appears to be undervalued.
The current stock price of ฿2.30 is trading 38.8% below its estimated GF Value™ of ฿3.76.
GuruFocus considers Asphere Innovations PCL to be Possible Value Trap.
Key valuation signals for BKK:AS:
Net Current Asset Value: ฿0.48 (96% below median its 10-year median of 12.64)
GF Value™: ฿3.76 vs. price of ฿2.30 (38.8% below fair value)
No single metric tells the full story. See the BKK:AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asphere Innovations PCL is engaged in providing online game services. The Company operates in two segments: the publishing online game segment, which contributes the majority of the revenue and provides online game publishing services through the internet based on agreements between the publisher and game developers; and the distribution segment, which provides payment channel services. Other income mainly comprises revenue from the provision of marketing services. The Company offers a collection of games across PC and mobile platforms, covering genres such as MMORPG, Casual, SRPG, FPS, and MOBA. It operates in Thailand, Singapore, Vietnam, and other countries, with Singapore contributing the majority of the revenue.
65GF Score
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