North East Rubber PCLBKK:NER-R 89 Net Current Asset Value is ฿4.17 as of Dec. 2025, which is 100% below its 10-year median of 2.12. GuruFocus rates BKK:NER-R with a GF Score™ of 89/100 and a GF Value™ of ฿5.92. The stock has 5 warning signs investors should review. Among 949 Chemicals companies, North East Rubber PCL ranks better than 92.83% 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).
North East Rubber PCL's net current asset value per share for the quarter that ended in Dec. 2025 was ฿4.17.
The historical rank and industry rank for North East Rubber PCL's Net Current Asset Value or its related term are showing as below:
BKK:NER-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.06 Med: 2.12 Max: 3.46
Current: 1.06
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of North East Rubber PCL was 3.46. The lowest was 1.06. And the median was 2.12.
BKK:NER-R's Price-to-Net-Current-Asset-Value is ranked better than 92.83% of 949
companies
in the Chemicals industry
Industry Median: 5.22
vs BKK:NER-R: 1.06
North East Rubber PCL (BKK:NER-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.
North East Rubber PCL Net Current Asset Value Related Terms
North East Rubber PCL Net Current Asset Value Historical Data
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The historical data trend for North East Rubber 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.
North East Rubber PCL Net Current Asset Value Chart
BKK:NER-R vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, North East Rubber 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.
North East Rubber PCL Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, North East Rubber PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where North East Rubber 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 ฿4.17 mean?
North East Rubber PCL (BKK:NER-R) has a Net Current Asset Value of ฿4.17 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on North East Rubber PCL and its competitors. This is 97% above median its historical median of 2.12. Over the past decade, North East Rubber PCL's Net Current Asset Value has ranged from 1.06 to 3.46. According to the industry distribution chart, North East Rubber PCL ranks #68 out of 949 companies in the Chemicals industry, placing it in the top 7.2%.
Is North East Rubber PCL's Net Current Asset Value too high?
North East Rubber PCL's current Net Current Asset Value of ฿4.17 is 97% above median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 3.46. Based on the distribution chart, North East Rubber PCL ranks #68 out of 949 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, North East Rubber PCL has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does North East Rubber PCL's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, North East Rubber PCL ranks #68 out of 949 companies for Net Current Asset Value. This places North East Rubber PCL in the top 7% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.22. Historically, North East Rubber PCL's own Net Current Asset Value has ranged from 1.06 to 3.46 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.22, based on 949 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 North East Rubber PCL and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North East Rubber PCL's current Net Current Asset Value is ฿4.17, which is 97% above median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North East Rubber PCL stock overvalued right now?
North East Rubber PCL (BKK:NER-R) has a current Net Current Asset Value of ฿4.17. The stock's GF Value™ is ฿5.92, compared to a current price of ฿4.76 — trading 19.6% below its estimated fair value. The current Net Current Asset Value is ฿4.17, which is 97% above median its 10-year median of 2.12. North East Rubber PCL's overall GF Score™ is 89/100 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 North East Rubber PCL (BKK:NER-R), the current Net Current Asset Value is ฿4.17 as of Dec. 2025. 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 North East Rubber PCL (BKK:NER-R) Overvalued in 2026?
Based on GuruFocus' analysis, North East Rubber PCL stock appears to be undervalued.
The current stock price of ฿4.76 is trading 19.6% below its estimated GF Value™ of ฿5.92.
Key valuation signals for BKK:NER-R:
Net Current Asset Value: ฿4.17 (97% above median its 10-year median of 2.12)
GF Value™: ฿5.92 vs. price of ฿4.76 (19.6% below fair value)
No single metric tells the full story. See the BKK:NER-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North East Rubber PCL Company and its subsidiary have a single core operating segment (identified by internal reporting segments), i.e., manufacturing and sales of rubber smoked sheets, skim block rubbers, and other rubber products, both domestically and abroad. Geographically, the maximum revenue is generated from Thailand.
89GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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