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K.W. Metal Work PCLBKK:KWM -2.11%49 Net Current Asset Value is ฿0.62 as of Mar. 2026, which is 100% below its 10-year median of 2.61. GuruFocus rates BKK:KWM with a GF Score™ of 49/100 and a GF Value™ of ฿0.86 (Fairly Valued). The stock has 8 warning signs investors should review. Among 143 Farm & Heavy Construction Machinery companies, K.W. Metal Work PCL ranks better than 82.52% 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).
K.W. Metal Work PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.62.
The historical rank and industry rank for K.W. Metal Work PCL's Net Current Asset Value or its related term are showing as below:
BKK:KWM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.39 Med: 2.61 Max: 15.11
Current: 1.5
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of K.W. Metal Work PCL was 15.11. The lowest was 1.39. And the median was 2.61.
BKK:KWM's Price-to-Net-Current-Asset-Value is ranked better than 82.52% of 143
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.67
vs BKK:KWM: 1.50
K.W. Metal Work PCL (BKK:KWM) 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.
K.W. Metal Work PCL Net Current Asset Value Related Terms
K.W. Metal Work PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for K.W. Metal Work 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:KWM vs CAT, DE, PCAR: Net Current Asset Value Comparison
For the Farm & Heavy Construction Machinery subindustry, K.W. Metal Work 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.
K.W. Metal Work PCL Price-to-Net-Current-Asset-Value vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, K.W. Metal Work PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where K.W. Metal Work 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 ฿0.62 mean?
K.W. Metal Work PCL (BKK:KWM) has a Net Current Asset Value of ฿0.62 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 K.W. Metal Work PCL and its competitors. This is 76% below median its historical median of 2.61. Over the past decade, K.W. Metal Work PCL's Net Current Asset Value has ranged from 1.39 to 15.11. According to the industry distribution chart, K.W. Metal Work PCL ranks #25 out of 143 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 17.5%.
Is K.W. Metal Work PCL's Net Current Asset Value too high?
K.W. Metal Work PCL's current Net Current Asset Value of ฿0.62 is 76% below median its 10-year median of 2.61. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 15.11. Based on the distribution chart, K.W. Metal Work PCL ranks #25 out of 143 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, K.W. Metal Work PCL has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does K.W. Metal Work PCL's Net Current Asset Value compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, K.W. Metal Work PCL ranks #25 out of 143 companies for Net Current Asset Value. This places K.W. Metal Work PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.67. Historically, K.W. Metal Work PCL's own Net Current Asset Value has ranged from 1.39 to 15.11 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 Farm & Heavy Construction Machinery company?
The median Net Current Asset Value among Farm & Heavy Construction Machinery companies is 3.67, based on 143 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 K.W. Metal Work PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Current Asset Value is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K.W. Metal Work PCL's current Net Current Asset Value is ฿0.62, which is 76% below median its own 10-year median of 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K.W. Metal Work PCL stock overvalued right now?
Based on GuruFocus' analysis, K.W. Metal Work PCL (BKK:KWM) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.86, compared to a current price of ฿0.93 — trading 8.1% above its estimated fair value. The current Net Current Asset Value is ฿0.62, which is 76% below median its 10-year median of 2.61. K.W. Metal Work PCL's overall GF Score™ is 49/100 with 8 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 K.W. Metal Work PCL (BKK:KWM), the current Net Current Asset Value is ฿0.62 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 K.W. Metal Work PCL (BKK:KWM) Overvalued in 2026?
Based on GuruFocus' analysis, K.W. Metal Work PCL stock appears to be overvalued.
The current stock price of ฿0.93 is trading 8.1% above its estimated GF Value™ of ฿0.86.
GuruFocus considers K.W. Metal Work PCL to be Fairly Valued.
Key valuation signals for BKK:KWM:
Net Current Asset Value: ฿0.62 (76% below median its 10-year median of 2.61)
GF Value™: ฿0.86 vs. price of ฿0.93 (8.1% above fair value)
No single metric tells the full story. See the BKK:KWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
K.W. Metal Work PCL is engaged in the manufacturing and sales of parts and accessories for farm machinery. It manufactures and distributes agricultural equipment such as Blade, Screw Flight, Rotary Blade, Dozer blades, and others. It has two operating segments; Sales of parts and accessories for farm machinery, Letting of equipment for extraction of a substance from Hemp and Marijuana; and Sales of substances extracted and raw materials processed from agricultural plants, and sales of products from herbal. Key revenue is earned from the sales of parts and accessories for farm machinery.
49GF Score
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