PTT Oil and Retail Business PCLBKK:OR -0.78%85 Net Current Asset Value is ฿2.08 as of Mar. 2026, which is 100% below its 10-year median of 13.68. GuruFocus rates BKK:OR with a GF Score™ of 85/100 and a GF Value™ of ฿13.86 (Fairly Valued). The stock has 4 warning signs investors should review. Among 298 Oil & Gas companies, PTT Oil and Retail Business PCL ranks worse than 60.74% 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).
The historical rank and industry rank for PTT Oil and Retail Business PCL's Net Current Asset Value or its related term are showing as below:
BKK:OR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.77 Med: 13.68 Max: 22.55
Current: 6.11
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of PTT Oil and Retail Business PCL was 22.55. The lowest was 5.77. And the median was 13.68.
BKK:OR's Price-to-Net-Current-Asset-Value is ranked worse than 60.74% of 298
companies
in the Oil & Gas industry
Industry Median: 3.92
vs BKK:OR: 6.11
PTT Oil and Retail Business PCL (BKK:OR) 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.
PTT Oil and Retail Business PCL Net Current Asset Value Related Terms
PTT Oil and Retail Business 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.
PTT Oil and Retail Business PCL Net Current Asset Value Chart
BKK:OR vs VLO, MPC, PSX: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, PTT Oil and Retail Business 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.
PTT Oil and Retail Business PCL Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PTT Oil and Retail Business PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PTT Oil and Retail Business 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 ฿2.08 mean?
PTT Oil and Retail Business PCL (BKK:OR) has a Net Current Asset Value of ฿2.08 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 PTT Oil and Retail Business PCL and its competitors. This is 85% below median its historical median of 13.68. Over the past decade, PTT Oil and Retail Business PCL's Net Current Asset Value has ranged from 5.77 to 22.55. According to the industry distribution chart, PTT Oil and Retail Business PCL ranks #181 out of 298 companies in the Oil & Gas industry, placing it in the top 60.7%.
Is PTT Oil and Retail Business PCL's Net Current Asset Value too high?
PTT Oil and Retail Business PCL's current Net Current Asset Value of ฿2.08 is 85% below median its 10-year median of 13.68. Over the past 10 years, this metric has ranged from a low of 5.77 to a high of 22.55. Based on the distribution chart, PTT Oil and Retail Business PCL ranks #181 out of 298 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, PTT Oil and Retail Business PCL has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PTT Oil and Retail Business PCL's Net Current Asset Value compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, PTT Oil and Retail Business PCL ranks #181 out of 298 companies for Net Current Asset Value. This places PTT Oil and Retail Business PCL in the lower half of its industry. The industry median Net Current Asset Value is 3.92. Historically, PTT Oil and Retail Business PCL's own Net Current Asset Value has ranged from 5.77 to 22.55 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.92, based on 298 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 PTT Oil and Retail Business PCL and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTT Oil and Retail Business PCL's current Net Current Asset Value is ฿2.08, which is 85% below median its own 10-year median of 13.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTT Oil and Retail Business PCL stock overvalued right now?
Based on GuruFocus' analysis, PTT Oil and Retail Business PCL (BKK:OR) is currently considered Fairly Valued. The stock's GF Value™ is ฿13.86, compared to a current price of ฿12.70 — trading 8.4% below its estimated fair value. The current Net Current Asset Value is ฿2.08, which is 85% below median its 10-year median of 13.68. PTT Oil and Retail Business PCL's overall GF Score™ is 85/100 with 4 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 PTT Oil and Retail Business PCL (BKK:OR), the current Net Current Asset Value is ฿2.08 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 PTT Oil and Retail Business PCL (BKK:OR) Overvalued in 2026?
Based on GuruFocus' analysis, PTT Oil and Retail Business PCL stock appears to be undervalued.
The current stock price of ฿12.70 is trading 8.4% below its estimated GF Value™ of ฿13.86.
GuruFocus considers PTT Oil and Retail Business PCL to be Fairly Valued.
Key valuation signals for BKK:OR:
Net Current Asset Value: ฿2.08 (85% below median its 10-year median of 13.68)
GF Value™: ฿13.86 vs. price of ฿12.70 (8.4% below fair value)
No single metric tells the full story. See the BKK:OR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PTT Oil and Retail Business PCL Business Description
PTT Oil and Retail Business PCL operates in the oil and gas refining and marketing sector. The company is engaged in the distribution of petroleum products and retailing of non-oil products and services in both domestic and international markets. Its segments include Mobility Business, Lifestyle Business, and Global Business. The firm generates the majority of its revenue from the Mobility segment.
85GF 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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