Earth Tech Environment PCLBKK:ETC-R 70 Net Current Asset Value is ฿0.50 as of Mar. 2026, which is 100% below its 10-year median of 26.46. GuruFocus rates BKK:ETC-R with a GF Score™ of 70/100 and a GF Value™ of ฿1.78. The stock has 4 warning signs investors should review. Among 104 Utilities - Independent Power Producers companies, Earth Tech Environment PCL ranks better than 77.88% 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).
Earth Tech Environment PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.50.
The historical rank and industry rank for Earth Tech Environment PCL's Net Current Asset Value or its related term are showing as below:
BKK:ETC-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.17 Med: 26.46 Max: 56
Current: 1.41
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Earth Tech Environment PCL was 56.00. The lowest was 1.17. And the median was 26.46.
BKK:ETC-R's Price-to-Net-Current-Asset-Value is ranked better than 77.88% of 104
companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.045
vs BKK:ETC-R: 1.41
Earth Tech Environment PCL (BKK:ETC-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.
Earth Tech Environment PCL Net Current Asset Value Related Terms
Earth Tech Environment PCL Net Current Asset Value Historical Data
* 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.
Earth Tech Environment PCL Net Current Asset Value Chart
Earth Tech Environment PCL Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Earth Tech Environment 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.
Earth Tech Environment PCL Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Earth Tech Environment PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Earth Tech Environment 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 ฿0.50 mean?
Earth Tech Environment PCL (BKK:ETC-R) has a Net Current Asset Value of ฿0.50 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 Earth Tech Environment PCL and its competitors. This is 98% below median its historical median of 26.46. Over the past decade, Earth Tech Environment PCL's Net Current Asset Value has ranged from 1.17 to 56.00. According to the industry distribution chart, Earth Tech Environment PCL ranks #23 out of 104 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.1%.
Is Earth Tech Environment PCL's Net Current Asset Value too high?
Earth Tech Environment PCL's current Net Current Asset Value of ฿0.50 is 98% below median its 10-year median of 26.46. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 56.00. Based on the distribution chart, Earth Tech Environment PCL ranks #23 out of 104 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Earth Tech Environment PCL has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Earth Tech Environment PCL's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Earth Tech Environment PCL ranks #23 out of 104 companies for Net Current Asset Value. This places Earth Tech Environment PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.05. Historically, Earth Tech Environment PCL's own Net Current Asset Value has ranged from 1.17 to 56.00 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 5.05, based on 104 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 Earth Tech Environment PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Earth Tech Environment PCL's current Net Current Asset Value is ฿0.50, which is 98% below median its own 10-year median of 26.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Earth Tech Environment PCL stock overvalued right now?
Earth Tech Environment PCL (BKK:ETC-R) has a current Net Current Asset Value of ฿0.50. The stock's GF Value™ is ฿1.78, compared to a current price of ฿0.68 — trading 62% below its estimated fair value. The current Net Current Asset Value is ฿0.50, which is 98% below median its 10-year median of 26.46. Earth Tech Environment PCL's overall GF Score™ is 70/100 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 Earth Tech Environment PCL (BKK:ETC-R), the current Net Current Asset Value is ฿0.50 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 Earth Tech Environment PCL (BKK:ETC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Earth Tech Environment PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 62% below its estimated GF Value™ of ฿1.78.
Key valuation signals for BKK:ETC-R:
Net Current Asset Value: ฿0.50 (98% below median its 10-year median of 26.46)
GF Value™: ฿1.78 vs. price of ฿0.68 (62% below fair value)
No single metric tells the full story. See the BKK:ETC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Earth Tech Environment PCL is a service provider for the production and distribution of electricity. It produces and distributes electricity from the first non-hazardous industrial materials in Thailand by using sewage or unused materials to process as fuel to produce electricity. It also provides an air quality control system, water management system, and community involvement. The company's segment includes Power business and Construction. It generates maximum revenue from the Power business segment.
70GF Score
Get the complete analysis for BKK:ETC-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:ETC-R has been successfully added to your 
