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Sahamit Machinery PCLBKK:SMIT 73 Net Current Asset Value is ฿3.27 as of Mar. 2026, which is 100% below its 10-year median of 1.60. GuruFocus rates BKK:SMIT with a GF Score™ of 73/100 and a GF Value™ of ฿3.58 (Fairly Valued). The stock has 3 warning signs investors should review. Among 369 Steel companies, Sahamit Machinery PCL ranks better than 80.76% 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).
Sahamit Machinery PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿3.27.
The historical rank and industry rank for Sahamit Machinery PCL's Net Current Asset Value or its related term are showing as below:
BKK:SMIT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.07 Med: 1.6 Max: 2.36
Current: 1.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sahamit Machinery PCL was 2.36. The lowest was 1.07. And the median was 1.60.
BKK:SMIT's Price-to-Net-Current-Asset-Value is ranked better than 80.76% of 369
companies
in the Steel industry
Industry Median: 2.88
vs BKK:SMIT: 1.11
Sahamit Machinery PCL (BKK:SMIT) 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.
Sahamit Machinery PCL Net Current Asset Value Related Terms
Sahamit Machinery PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sahamit Machinery 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.
Sahamit Machinery PCL Net Current Asset Value Chart
BKK:SMIT vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Sahamit Machinery 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.
Sahamit Machinery PCL Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Sahamit Machinery PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sahamit Machinery 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 ฿3.27 mean?
Sahamit Machinery PCL (BKK:SMIT) has a Net Current Asset Value of ฿3.27 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 Sahamit Machinery PCL and its competitors. This is 104% above median its historical median of 1.60. Over the past decade, Sahamit Machinery PCL's Net Current Asset Value has ranged from 1.07 to 2.36. According to the industry distribution chart, Sahamit Machinery PCL ranks #71 out of 369 companies in the Steel industry, placing it in the top 19.2%.
Is Sahamit Machinery PCL's Net Current Asset Value too high?
Sahamit Machinery PCL's current Net Current Asset Value of ฿3.27 is 104% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.36. Based on the distribution chart, Sahamit Machinery PCL ranks #71 out of 369 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Sahamit Machinery PCL has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sahamit Machinery PCL's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Sahamit Machinery PCL ranks #71 out of 369 companies for Net Current Asset Value. This places Sahamit Machinery PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.88. Historically, Sahamit Machinery PCL's own Net Current Asset Value has ranged from 1.07 to 2.36 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 2.88, based on 369 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 Sahamit Machinery PCL and its competitors. For the Steel industry, the median Net Current Asset Value is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sahamit Machinery PCL's current Net Current Asset Value is ฿3.27, which is 104% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sahamit Machinery PCL stock overvalued right now?
Based on GuruFocus' analysis, Sahamit Machinery PCL (BKK:SMIT) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.58, compared to a current price of ฿3.64 — trading 1.7% above its estimated fair value. The current Net Current Asset Value is ฿3.27, which is 104% above median its 10-year median of 1.60. Sahamit Machinery PCL's overall GF Score™ is 73/100 with 3 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 Sahamit Machinery PCL (BKK:SMIT), the current Net Current Asset Value is ฿3.27 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 Sahamit Machinery PCL (BKK:SMIT) Overvalued in 2026?
Based on GuruFocus' analysis, Sahamit Machinery PCL stock appears to be overvalued.
The current stock price of ฿3.64 is trading 1.7% above its estimated GF Value™ of ฿3.58.
GuruFocus considers Sahamit Machinery PCL to be Fairly Valued.
Key valuation signals for BKK:SMIT:
Net Current Asset Value: ฿3.27 (104% above median its 10-year median of 1.60)
GF Value™: ฿3.58 vs. price of ฿3.64 (1.7% above fair value)
No single metric tells the full story. See the BKK:SMIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sahamit Machinery PCL is engaged in the distribution of industrial machinery and equipment. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others consisting of Pulp & paper, Electrical engineering and Machineries and equipment for wood industry. The company mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.
73GF Score
Get the complete analysis for BKK:SMIT
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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