Proen PCLBKK:PROEN +1.10%43 Net Current Asset Value is ฿0.36 as of Mar. 2026, which is 100% below its 10-year median of 12.66. GuruFocus rates BKK:PROEN with a GF Score™ of 43/100 and a GF Value™ of ฿0.83 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 97 Telecommunication Services companies, Proen PCL ranks better than 67.01% 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).
Proen PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.36.
The historical rank and industry rank for Proen PCL's Net Current Asset Value or its related term are showing as below:
BKK:PROEN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.64 Med: 12.66 Max: 170
Current: 2.56
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Proen PCL was 170.00. The lowest was 1.64. And the median was 12.66.
BKK:PROEN's Price-to-Net-Current-Asset-Value is ranked better than 67.01% of 97
companies
in the Telecommunication Services industry
Industry Median: 5.6
vs BKK:PROEN: 2.56
Proen PCL (BKK:PROEN) 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.
Proen PCL Net Current Asset Value Related Terms
Proen PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Proen 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:PROEN vs TMUS, VZ, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, Proen 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.
Proen PCL Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Proen PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Proen 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 ฿0.36 mean?
Proen PCL (BKK:PROEN) has a Net Current Asset Value of ฿0.36 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 Proen PCL and its competitors. This is 97% below median its historical median of 12.66. Over the past decade, Proen PCL's Net Current Asset Value has ranged from 1.64 to 170.00. According to the industry distribution chart, Proen PCL ranks #32 out of 97 companies in the Telecommunication Services industry, placing it in the top 33%.
Is Proen PCL's Net Current Asset Value too high?
Proen PCL's current Net Current Asset Value of ฿0.36 is 97% below median its 10-year median of 12.66. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 170.00. Based on the distribution chart, Proen PCL ranks #32 out of 97 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Proen PCL has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proen PCL's Net Current Asset Value compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Proen PCL ranks #32 out of 97 companies for Net Current Asset Value. This puts Proen PCL in the upper half of its industry. The industry median Net Current Asset Value is 5.60. Historically, Proen PCL's own Net Current Asset Value has ranged from 1.64 to 170.00 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.60, based on 97 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 Proen PCL and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proen PCL's current Net Current Asset Value is ฿0.36, which is 97% below median its own 10-year median of 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proen PCL stock overvalued right now?
Based on GuruFocus' analysis, Proen PCL (BKK:PROEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.83, compared to a current price of ฿0.92 — trading 10.8% above its estimated fair value. The current Net Current Asset Value is ฿0.36, which is 97% below median its 10-year median of 12.66. Proen PCL's overall GF Score™ is 43/100 with 2 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 Proen PCL (BKK:PROEN), the current Net Current Asset Value is ฿0.36 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 Proen PCL (BKK:PROEN) Overvalued in 2026?
Based on GuruFocus' analysis, Proen PCL stock appears to be overvalued.
The current stock price of ฿0.92 is trading 10.8% above its estimated GF Value™ of ฿0.83.
GuruFocus considers Proen PCL to be Modestly Overvalued.
Key valuation signals for BKK:PROEN:
Net Current Asset Value: ฿0.36 (97% below median its 10-year median of 12.66)
GF Value™: ฿0.83 vs. price of ฿0.92 (10.8% above fair value)
No single metric tells the full story. See the BKK:PROEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Proen Corp PCL, along with its subsidiaries, is engaged in the provision of Internet data center services and related supplementary services. Additionally, the company sells equipment associated with information technology systems, offers Internet security services, and undertakes basic telecommunications construction projects. The Group has three segments, which are comprised of the distribution of technological and other equipment, Internet data center and related services, and Construction. It derives maximum revenue from the Internet data center and related services segment, which operates a data center and offers internet data transmission services (bandwidth) in Thailand, supported by round-the-clock customer service. Geographically, the Group operates only in Thailand.
43GF 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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