ASEFA PCLBKK:ASEFA -0.88%64 Net Current Asset Value is ฿-0.07 as of Mar. 2026. GuruFocus rates BKK:ASEFA with a GF Score™ of 64/100 and a GF Value™ of ฿4.45 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,216 Industrial Products companies, ASEFA PCL ranks worse than 45126.31% 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).
ASEFA PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿-0.07.
The historical rank and industry rank for ASEFA PCL's Net Current Asset Value or its related term are showing as below:
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of ASEFA PCL was 21.60. The lowest was 2.03. And the median was 3.49.
BKK:ASEFA's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 5.47 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
ASEFA PCL (BKK:ASEFA) 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.
ASEFA PCL Net Current Asset Value Related Terms
ASEFA PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ASEFA 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.
BKK:ASEFA vs VRT, BE: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, ASEFA 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.
ASEFA PCL Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ASEFA PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ASEFA 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 ฿-0.07 mean?
ASEFA PCL (BKK:ASEFA) has a Net Current Asset Value of ฿-0.07 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 ASEFA PCL and its competitors. Over the past decade, ASEFA PCL's Net Current Asset Value has ranged from 2.03 to 21.60. According to the industry distribution chart, ASEFA PCL ranks #999999 out of 2216 companies in the Industrial Products industry.
Is ASEFA PCL's Net Current Asset Value too high?
ASEFA PCL's current Net Current Asset Value is ฿-0.07. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 21.60. Based on the distribution chart, ASEFA PCL ranks #999999 out of 2216 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ASEFA PCL has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASEFA PCL's Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, ASEFA PCL ranks #999999 out of 2216 companies for Net Current Asset Value. This places ASEFA PCL in the lower half of its industry. The industry median Net Current Asset Value is 5.47. Historically, ASEFA PCL's own Net Current Asset Value has ranged from 2.03 to 21.60 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.47, based on 2,216 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 ASEFA PCL and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASEFA PCL's current Net Current Asset Value is ฿-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASEFA PCL stock overvalued right now?
Based on GuruFocus' analysis, ASEFA PCL (BKK:ASEFA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.45, compared to a current price of ฿5.60 — trading 25.8% above its estimated fair value. The current Net Current Asset Value is ฿-0.07. ASEFA PCL's overall GF Score™ is 64/100 with 8 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 ASEFA PCL (BKK:ASEFA), the current Net Current Asset Value is ฿-0.07 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 ASEFA PCL (BKK:ASEFA) Overvalued in 2026?
Based on GuruFocus' analysis, ASEFA PCL stock appears to be overvalued.
The current stock price of ฿5.60 is trading 25.8% above its estimated GF Value™ of ฿4.45.
GuruFocus considers ASEFA PCL to be Modestly Overvalued.
Key valuation signals for BKK:ASEFA:
Net Current Asset Value: ฿-0.07
GF Value™: ฿4.45 vs. price of ฿5.60 (25.8% above fair value)
No single metric tells the full story. See the BKK:ASEFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASEFA PCL is a Thailand-based company. It is involved in the manufacturing and distribution of electrical power distribution, switchboard and trunking systems including procuring, distributing and integrated engineering services for electrical power distribution. It operates its business through segments that are Manufacturing, Trading, Services and maintenance and installation and Decommissioning of the Power Plant. The Manufacturing segment generates maximum revenue for the company.
64GF Score
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