Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Forth Smart Service PCLBKK:FSMART -2.53%68 Net Current Asset Value is ฿0.25 as of Mar. 2026, which is 100% below its 10-year median of 25.20. GuruFocus rates BKK:FSMART with a GF Score™ of 68/100 and a GF Value™ of ฿6.73 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 97 Telecommunication Services companies, Forth Smart Service PCL ranks worse than 93.81% 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).
Forth Smart Service PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.25.
The historical rank and industry rank for Forth Smart Service PCL's Net Current Asset Value or its related term are showing as below:
BKK:FSMART'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 25.2 Med: 25.2 Max: 32.2
Current: 30.8
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Forth Smart Service PCL was 32.20. The lowest was 25.20. And the median was 25.20.
BKK:FSMART's Price-to-Net-Current-Asset-Value is ranked worse than 93.81% of 97
companies
in the Telecommunication Services industry
Industry Median: 5.36
vs BKK:FSMART: 30.80
Forth Smart Service PCL (BKK:FSMART) 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.
Forth Smart Service PCL Net Current Asset Value Related Terms
Forth Smart Service PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Forth Smart Service 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.
Forth Smart Service PCL Net Current Asset Value Chart
BKK:FSMART vs VZ, TMUS, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, Forth Smart Service 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.
Forth Smart Service PCL Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forth Smart Service PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Forth Smart Service 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 ฿0.25 mean?
Forth Smart Service PCL (BKK:FSMART) has a Net Current Asset Value of ฿0.25 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 Forth Smart Service PCL and its competitors. This is 99% below median its historical median of 25.20. Over the past decade, Forth Smart Service PCL's Net Current Asset Value has ranged from 25.20 to 32.20. According to the industry distribution chart, Forth Smart Service PCL ranks #91 out of 97 companies in the Telecommunication Services industry, placing it in the top 93.8%.
Is Forth Smart Service PCL's Net Current Asset Value too high?
Forth Smart Service PCL's current Net Current Asset Value of ฿0.25 is 99% below median its 10-year median of 25.20. Over the past 10 years, this metric has ranged from a low of 25.20 to a high of 32.20. Based on the distribution chart, Forth Smart Service PCL ranks #91 out of 97 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Forth Smart Service PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forth Smart Service PCL's Net Current Asset Value compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forth Smart Service PCL ranks #91 out of 97 companies for Net Current Asset Value. This places Forth Smart Service PCL in the lower half of its industry. The industry median Net Current Asset Value is 5.36. Historically, Forth Smart Service PCL's own Net Current Asset Value has ranged from 25.20 to 32.20 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.36, based on 97 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 Forth Smart Service PCL and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth Smart Service PCL's current Net Current Asset Value is ฿0.25, which is 99% below median its own 10-year median of 25.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth Smart Service PCL stock overvalued right now?
Based on GuruFocus' analysis, Forth Smart Service PCL (BKK:FSMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.73, compared to a current price of ฿7.70 — trading 14.4% above its estimated fair value. The current Net Current Asset Value is ฿0.25, which is 99% below median its 10-year median of 25.20. Forth Smart Service PCL's overall GF Score™ is 68/100 with 3 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 Forth Smart Service PCL (BKK:FSMART), the current Net Current Asset Value is ฿0.25 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 Forth Smart Service PCL (BKK:FSMART) Overvalued in 2026?
Based on GuruFocus' analysis, Forth Smart Service PCL stock appears to be overvalued.
The current stock price of ฿7.70 is trading 14.4% above its estimated GF Value™ of ฿6.73.
GuruFocus considers Forth Smart Service PCL to be Modestly Overvalued.
Key valuation signals for BKK:FSMART:
Net Current Asset Value: ฿0.25 (99% below median its 10-year median of 25.20)
GF Value™: ฿6.73 vs. price of ฿7.70 (14.4% above fair value)
No single metric tells the full story. See the BKK:FSMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Smart Service PCL is a Thailand-based company engaged in providing prepaid mobile top-up services, money transfer services, and online payment receipt services through electronic top-up machines. The company also provides advertising services through its online top-up machine network. It operates through two reportable segments: Top-up Machine, which provides mobile top-up, payment, and related services through automated machines; and Lending, which provides personal loans and nano finance services. It generates the majority of its revenue from the Top-up machine segment.
68GF Score
Get the complete analysis for BKK:FSMART
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:FSMART has been successfully added to your 
