KCE Electronics PCLBKK:KCE-R 74 Net Current Asset Value is ฿3.54 as of Mar. 2026, which is 100% below its 10-year median of 15.82. GuruFocus rates BKK:KCE-R with a GF Score™ of 74/100 and a GF Value™ of ฿18.07. The stock has 10 warning signs investors should review. Among 1,844 Hardware companies, KCE Electronics PCL ranks worse than 70.88% 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).
KCE Electronics PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿3.54.
The historical rank and industry rank for KCE Electronics PCL's Net Current Asset Value or its related term are showing as below:
BKK:KCE-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.95 Med: 15.82 Max: 131.58
Current: 10.53
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of KCE Electronics PCL was 131.58. The lowest was 3.95. And the median was 15.82.
BKK:KCE-R's Price-to-Net-Current-Asset-Value is ranked worse than 70.88% of 1844
companies
in the Hardware industry
Industry Median: 5.5
vs BKK:KCE-R: 10.53
KCE Electronics PCL (BKK:KCE-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.
KCE Electronics PCL Net Current Asset Value Related Terms
KCE Electronics PCL Net Current Asset Value Historical Data
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The historical data trend for KCE Electronics 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:KCE-R vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where KCE Electronics 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 ฿3.54 mean?
KCE Electronics PCL (BKK:KCE-R) has a Net Current Asset Value of ฿3.54 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 KCE Electronics PCL and its competitors. This is 78% below median its historical median of 15.82. Over the past decade, KCE Electronics PCL's Net Current Asset Value has ranged from 3.95 to 131.58. According to the industry distribution chart, KCE Electronics PCL ranks #1307 out of 1844 companies in the Hardware industry, placing it in the top 70.9%.
Is KCE Electronics PCL's Net Current Asset Value too high?
KCE Electronics PCL's current Net Current Asset Value of ฿3.54 is 78% below median its 10-year median of 15.82. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 131.58. Based on the distribution chart, KCE Electronics PCL ranks #1307 out of 1844 companies in the Hardware industry, which is below the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #1307 out of 1844 companies for Net Current Asset Value. This places KCE Electronics PCL in the lower half of its industry. The industry median Net Current Asset Value is 5.50. Historically, KCE Electronics PCL's own Net Current Asset Value has ranged from 3.95 to 131.58 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.50, based on 1,844 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Net Current Asset Value is ฿3.54, which is 78% below median its own 10-year median of 15.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Net Current Asset Value of ฿3.54. The stock's GF Value™ is ฿18.07, compared to a current price of ฿24.00 — trading 32.8% above its estimated fair value. The current Net Current Asset Value is ฿3.54, which is 78% below median its 10-year median of 15.82. KCE Electronics PCL's overall GF Score™ is 74/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Net Current Asset Value is ฿3.54 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 32.8% above its estimated GF Value™ of ฿18.07.
Key valuation signals for BKK:KCE-R:
Net Current Asset Value: ฿3.54 (78% below median its 10-year median of 15.82)
GF Value™: ฿18.07 vs. price of ฿24.00 (32.8% above fair value)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
74GF Score
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