Beyond Securities PCLBKK:BYD-R 59 Net Current Asset Value is ฿0.87 as of Mar. 2026, which is 100% below its 10-year median of 2.18. GuruFocus rates BKK:BYD-R with a GF Score™ of 59/100 and a GF Value™ of ฿11.14. The stock has 4 warning signs investors should review. Among 502 Capital Markets companies, Beyond Securities PCL ranks better than 91.63% 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).
Beyond Securities PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.87.
The historical rank and industry rank for Beyond Securities PCL's Net Current Asset Value or its related term are showing as below:
BKK:BYD-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.26 Med: 2.18 Max: 71.84
Current: 0.56
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Beyond Securities PCL was 71.84. The lowest was 0.26. And the median was 2.18.
BKK:BYD-R's Price-to-Net-Current-Asset-Value is ranked better than 91.63% of 502
companies
in the Capital Markets industry
Industry Median: 2.69
vs BKK:BYD-R: 0.56
Beyond Securities PCL (BKK:BYD-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.
Beyond Securities PCL Net Current Asset Value Related Terms
Beyond Securities PCL Net Current Asset Value Historical Data
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The historical data trend for Beyond Securities 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.
Beyond Securities PCL Net Current Asset Value Chart
BKK:BYD-R vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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 ฿0.87 mean?
Beyond Securities PCL (BKK:BYD-R) has a Net Current Asset Value of ฿0.87 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 Beyond Securities PCL and its competitors. This is 60% below median its historical median of 2.18. Over the past decade, Beyond Securities PCL's Net Current Asset Value has ranged from 0.26 to 71.84. According to the industry distribution chart, Beyond Securities PCL ranks #42 out of 502 companies in the Capital Markets industry, placing it in the top 8.4%.
Is Beyond Securities PCL's Net Current Asset Value too high?
Beyond Securities PCL's current Net Current Asset Value of ฿0.87 is 60% below median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 71.84. Based on the distribution chart, Beyond Securities PCL ranks #42 out of 502 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Beyond Securities PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, Beyond Securities PCL ranks #42 out of 502 companies for Net Current Asset Value. This places Beyond Securities PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.69. Historically, Beyond Securities PCL's own Net Current Asset Value has ranged from 0.26 to 71.84 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.69, based on 502 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 Beyond Securities PCL and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Securities PCL's current Net Current Asset Value is ฿0.87, which is 60% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Beyond Securities PCL (BKK:BYD-R) has a current Net Current Asset Value of ฿0.87. The stock's GF Value™ is ฿11.14, compared to a current price of ฿4.33 — trading 61.1% below its estimated fair value. The current Net Current Asset Value is ฿0.87, which is 60% below median its 10-year median of 2.18. Beyond Securities PCL's overall GF Score™ is 59/100 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 Beyond Securities PCL (BKK:BYD-R), the current Net Current Asset Value is ฿0.87 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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿4.33 is trading 61.1% below its estimated GF Value™ of ฿11.14.
Key valuation signals for BKK:BYD-R:
Net Current Asset Value: ฿0.87 (60% below median its 10-year median of 2.18)
GF Value™: ฿11.14 vs. price of ฿4.33 (61.1% below fair value)
No single metric tells the full story. See the BKK:BYD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF Score
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