Banpu Power PCLBKK:BPP-R 82 Net Current Asset Value is ฿-2.97 as of Mar. 2026. GuruFocus rates BKK:BPP-R with a GF Score™ of 82/100 and a GF Value™ of ฿10.29. The stock has 6 warning signs investors should review. Among 103 Utilities - Independent Power Producers companies, Banpu Power PCL ranks worse than 970872.82% 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).
Banpu Power PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿-2.97.
The historical rank and industry rank for Banpu Power PCL's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Banpu Power PCL was 167.00. The lowest was 25.00. And the median was 67.19.
BKK:BPP-R's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.24 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Banpu Power PCL (BKK:BPP-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.
Banpu Power PCL Net Current Asset Value Related Terms
Banpu Power PCL Net Current Asset Value Historical Data
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The historical data trend for Banpu Power 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:BPP-R vs CEG, VST, NRG: Net Current Asset Value Comparison
For the Utilities - Independent Power Producers subindustry, Banpu Power 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.
Banpu Power PCL Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Banpu Power 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 ฿-2.97 mean?
Banpu Power PCL (BKK:BPP-R) has a Net Current Asset Value of ฿-2.97 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 Banpu Power PCL and its competitors. Over the past decade, Banpu Power PCL's Net Current Asset Value has ranged from 25.00 to 167.00. According to the industry distribution chart, Banpu Power PCL ranks #999999 out of 103 companies in the Utilities - Independent Power Producers industry.
Is Banpu Power PCL's Net Current Asset Value too high?
Banpu Power PCL's current Net Current Asset Value is ฿-2.97. Over the past 10 years, this metric has ranged from a low of 25.00 to a high of 167.00. Based on the distribution chart, Banpu Power PCL ranks #999999 out of 103 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Banpu Power PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's Net Current Asset Value compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu Power PCL ranks #999999 out of 103 companies for Net Current Asset Value. This places Banpu Power PCL in the lower half of its industry. The industry median Net Current Asset Value is 5.24. Historically, Banpu Power PCL's own Net Current Asset Value has ranged from 25.00 to 167.00 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.24, based on 103 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 Banpu Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu Power PCL's current Net Current Asset Value is ฿-2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current Net Current Asset Value of ฿-2.97. The stock's GF Value™ is ฿10.29, compared to a current price of ฿10.10 — trading 1.8% below its estimated fair value. The current Net Current Asset Value is ฿-2.97. Banpu Power PCL's overall GF Score™ is 82/100 with 6 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 Banpu Power PCL (BKK:BPP-R), the current Net Current Asset Value is ฿-2.97 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 1.8% below its estimated GF Value™ of ฿10.29.
Key valuation signals for BKK:BPP-R:
Net Current Asset Value: ฿-2.97
GF Value™: ฿10.29 vs. price of ฿10.10 (1.8% below fair value)
No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
82GF Score
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