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).
Samchai Steel Industries PCL's net current asset value per share for the quarter that ended in Sep. 2025 was ฿-0.25.
The historical rank and industry rank for Samchai Steel Industries PCL's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Samchai Steel Industries PCL was 50.00. The lowest was 50.00. And the median was 50.00.
BKK:SAM-R's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 2.985 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Samchai Steel Industries PCL (BKK:SAM-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.
Samchai Steel Industries PCL Net Current Asset Value Related Terms
Samchai Steel Industries 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.
Samchai Steel Industries PCL Net Current Asset Value Chart
BKK:SAM-R vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Samchai Steel Industries 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.
Samchai Steel Industries PCL Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Samchai Steel Industries PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Samchai Steel Industries 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 ฿-0.25 mean?
Samchai Steel Industries PCL (BKK:SAM-R) has a Net Current Asset Value of ฿-0.25 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Samchai Steel Industries PCL and its competitors. Over the past decade, Samchai Steel Industries PCL's Net Current Asset Value has ranged from 50.00 to 50.00. According to the industry distribution chart, Samchai Steel Industries PCL ranks #999999 out of 372 companies in the Steel industry.
Is Samchai Steel Industries PCL's Net Current Asset Value too high?
Samchai Steel Industries PCL's current Net Current Asset Value is ฿-0.25. Over the past 10 years, this metric has ranged from a low of 50.00 to a high of 50.00. Based on the distribution chart, Samchai Steel Industries PCL ranks #999999 out of 372 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Samchai Steel Industries PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Samchai Steel Industries PCL's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Samchai Steel Industries PCL ranks #999999 out of 372 companies for Net Current Asset Value. This places Samchai Steel Industries PCL in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Historically, Samchai Steel Industries PCL's own Net Current Asset Value has ranged from 50.00 to 50.00 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 372 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 Samchai Steel Industries PCL and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Samchai Steel Industries PCL's current Net Current Asset Value is ฿-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samchai Steel Industries PCL stock overvalued right now?
Samchai Steel Industries PCL (BKK:SAM-R) has a current Net Current Asset Value of ฿-0.25. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.17 — trading 73.8% below its estimated fair value. The current Net Current Asset Value is ฿-0.25. Samchai Steel Industries PCL's overall GF Score™ is 41/100 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 Samchai Steel Industries PCL (BKK:SAM-R), the current Net Current Asset Value is ฿-0.25 as of Sep. 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 Samchai Steel Industries PCL (BKK:SAM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Samchai Steel Industries PCL stock appears to be undervalued.
The current stock price of ฿0.17 is trading 73.8% below its estimated GF Value™ of ฿0.63.
Key valuation signals for BKK:SAM-R:
Net Current Asset Value: ฿-0.25
GF Value™: ฿0.63 vs. price of ฿0.17 (73.8% below fair value)
No single metric tells the full story. See the BKK:SAM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Samchai Steel Industries PCL is a Thailand-based manufacturer of steel pipes and tubes. The company's products include black steel pipes, galvanized steel pipes, structural steel pipes, furniture pipes, and hot-rolled steel plates and sheets. Its products are mainly used in the construction and furniture industries. Geographically, it operates in both domestic and overseas markets. The company generates a majority of its revenue from the domestic market.
41GF Score
Get the complete analysis for BKK:SAM-R
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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