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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).
The historical rank and industry rank for Kaset Thai International Sugar PCL's Net Current Asset Value or its related term are showing as below:
BKK:KTIS's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.16 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kaset Thai International Sugar PCL (BKK:KTIS) 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.
Kaset Thai International Sugar PCL Net Current Asset Value Related Terms
Kaset Thai International Sugar 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.
Kaset Thai International Sugar PCL Net Current Asset Value Chart
BKK:KTIS vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Kaset Thai International Sugar 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.
Kaset Thai International Sugar PCL Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kaset Thai International Sugar PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kaset Thai International Sugar 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 ฿-0.71 mean?
Kaset Thai International Sugar PCL (BKK:KTIS) has a Net Current Asset Value of ฿-0.71 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 Kaset Thai International Sugar PCL and its competitors. According to the industry distribution chart, Kaset Thai International Sugar PCL ranks #999999 out of 1052 companies in the Consumer Packaged Goods industry.
Is Kaset Thai International Sugar PCL's Net Current Asset Value too high?
Kaset Thai International Sugar PCL's current Net Current Asset Value is ฿-0.71. Based on the distribution chart, Kaset Thai International Sugar PCL ranks #999999 out of 1052 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Kaset Thai International Sugar PCL has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaset Thai International Sugar PCL's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Kaset Thai International Sugar PCL ranks #999999 out of 1052 companies for Net Current Asset Value. This places Kaset Thai International Sugar PCL in the lower half of its industry. The industry median Net Current Asset Value is 4.16. 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.16, based on 1,052 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 Kaset Thai International Sugar PCL and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaset Thai International Sugar PCL's current Net Current Asset Value is ฿-0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaset Thai International Sugar PCL stock overvalued right now?
Based on GuruFocus' analysis, Kaset Thai International Sugar PCL (BKK:KTIS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.64, compared to a current price of ฿1.85 — trading 29.9% below its estimated fair value. The current Net Current Asset Value is ฿-0.71. Kaset Thai International Sugar PCL's overall GF Score™ is 44/100 with 5 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 Kaset Thai International Sugar PCL (BKK:KTIS), the current Net Current Asset Value is ฿-0.71 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 Kaset Thai International Sugar PCL (BKK:KTIS) Overvalued in 2026?
Based on GuruFocus' analysis, Kaset Thai International Sugar PCL stock appears to be undervalued.
The current stock price of ฿1.85 is trading 29.9% below its estimated GF Value™ of ฿2.64.
GuruFocus considers Kaset Thai International Sugar PCL to be Possible Value Trap.
Key valuation signals for BKK:KTIS:
Net Current Asset Value: ฿-0.71
GF Value™: ฿2.64 vs. price of ฿1.85 (29.9% below fair value)
No single metric tells the full story. See the BKK:KTIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaset Thai International Sugar PCL Business Description
Kaset Thai International Sugar Corp PCL is principally engaged in the manufacturing and distribution of sugar, which is sold both domestically and overseas. The company's product portfolio includes sugar and bio-products. The bio-products are by-products of sugar production and include paper pulp from bagasse, ethanol from molasses, and electrical energy from biomass. It also provides agricultural machinery services for farmers. The company's reportable segments are; the production and distribution of sugar; the production and distribution of pulp; the production and distribution of alcohol; and the production and distribution of electricity. It derives a majority of its revenue from the production and distribution of the sugar segment.
44GF Score
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