ASN Broker PCLBKK:ASN-R 55 Net Current Asset Value is ฿0.40 as of Mar. 2026, which is 100% below its 10-year median of 4.04. GuruFocus rates BKK:ASN-R with a GF Score™ of 55/100 and a GF Value™ of ฿1.52. The stock has 4 warning signs investors should review. Among 24 Insurance companies, ASN Broker PCL ranks better than 79.17% 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).
ASN Broker PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.40.
The historical rank and industry rank for ASN Broker PCL's Net Current Asset Value or its related term are showing as below:
BKK:ASN-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.84 Med: 4.04 Max: 22.71
Current: 1.84
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of ASN Broker PCL was 22.71. The lowest was 1.84. And the median was 4.04.
BKK:ASN-R's Price-to-Net-Current-Asset-Value is ranked better than 79.17% of 24
companies
in the Insurance industry
Industry Median: 6.36
vs BKK:ASN-R: 1.84
ASN Broker PCL (BKK:ASN-R) 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.
ASN Broker PCL Net Current Asset Value Related Terms
ASN Broker PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ASN Broker 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:ASN-R vs MRSH, AON, AJG: Net Current Asset Value Comparison
For the Insurance Brokers subindustry, ASN Broker 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.
ASN Broker PCL Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, ASN Broker PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ASN Broker 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 ฿0.40 mean?
ASN Broker PCL (BKK:ASN-R) has a Net Current Asset Value of ฿0.40 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 ASN Broker PCL and its competitors. This is 90% below median its historical median of 4.04. Over the past decade, ASN Broker PCL's Net Current Asset Value has ranged from 1.84 to 22.71. According to the industry distribution chart, ASN Broker PCL ranks #5 out of 24 companies in the Insurance industry, placing it in the top 20.8%.
Is ASN Broker PCL's Net Current Asset Value too high?
ASN Broker PCL's current Net Current Asset Value of ฿0.40 is 90% below median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 22.71. Based on the distribution chart, ASN Broker PCL ranks #5 out of 24 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, ASN Broker PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's Net Current Asset Value compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #5 out of 24 companies for Net Current Asset Value. This places ASN Broker PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.36. Historically, ASN Broker PCL's own Net Current Asset Value has ranged from 1.84 to 22.71 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 Insurance company?
The median Net Current Asset Value among Insurance companies is 6.36, based on 24 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 ASN Broker PCL and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current Net Current Asset Value is ฿0.40, which is 90% below median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current Net Current Asset Value of ฿0.40. The stock's GF Value™ is ฿1.52, compared to a current price of ฿0.68 — trading 55.3% below its estimated fair value. The current Net Current Asset Value is ฿0.40, which is 90% below median its 10-year median of 4.04. ASN Broker PCL's overall GF Score™ is 55/100 with 4 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 ASN Broker PCL (BKK:ASN-R), the current Net Current Asset Value is ฿0.40 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?
Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 55.3% below its estimated GF Value™ of ฿1.52.
Key valuation signals for BKK:ASN-R:
Net Current Asset Value: ฿0.40 (90% below median its 10-year median of 4.04)
GF Value™: ฿1.52 vs. price of ฿0.68 (55.3% below fair value)
No single metric tells the full story. See the BKK:ASN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
55GF Score
Get the complete analysis for BKK:ASN-R
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ASN-R has been successfully added to your 
