Saha Pathanapibul PCLBKK:SPC -0.45%81 Net Current Asset Value is ฿16.76 as of Mar. 2026, which is 100% below its 10-year median of 7.38. GuruFocus rates BKK:SPC with a GF Score™ of 81/100 and a GF Value™ of ฿60.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 135 Retail - Defensive companies, Saha Pathanapibul PCL ranks better than 52.59% 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).
Saha Pathanapibul PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿16.76.
The historical rank and industry rank for Saha Pathanapibul PCL's Net Current Asset Value or its related term are showing as below:
BKK:SPC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.3 Med: 7.38 Max: 17.17
Current: 3.3
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Saha Pathanapibul PCL was 17.17. The lowest was 3.30. And the median was 7.38.
BKK:SPC's Price-to-Net-Current-Asset-Value is ranked better than 52.59% of 135
companies
in the Retail - Defensive industry
Industry Median: 3.36
vs BKK:SPC: 3.30
Saha Pathanapibul PCL (BKK:SPC) 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.
Saha Pathanapibul PCL Net Current Asset Value Related Terms
Saha Pathanapibul PCL Net Current Asset Value Historical Data
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The historical data trend for Saha Pathanapibul 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.
Saha Pathanapibul PCL Net Current Asset Value Chart
BKK:SPC vs SYY, USFD, PFGC: Net Current Asset Value Comparison
For the Food Distribution subindustry, Saha Pathanapibul 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.
Saha Pathanapibul PCL Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Saha Pathanapibul PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Saha Pathanapibul 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 ฿16.76 mean?
Saha Pathanapibul PCL (BKK:SPC) has a Net Current Asset Value of ฿16.76 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 Saha Pathanapibul PCL and its competitors. This is 127% above median its historical median of 7.38. Over the past decade, Saha Pathanapibul PCL's Net Current Asset Value has ranged from 3.30 to 17.17. According to the industry distribution chart, Saha Pathanapibul PCL ranks #64 out of 135 companies in the Retail - Defensive industry, placing it in the top 47.4%.
Is Saha Pathanapibul PCL's Net Current Asset Value too high?
Saha Pathanapibul PCL's current Net Current Asset Value of ฿16.76 is 127% above median its 10-year median of 7.38. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 17.17. Based on the distribution chart, Saha Pathanapibul PCL ranks #64 out of 135 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Saha Pathanapibul PCL has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saha Pathanapibul PCL's Net Current Asset Value compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Saha Pathanapibul PCL ranks #64 out of 135 companies for Net Current Asset Value. This puts Saha Pathanapibul PCL in the upper half of its industry. The industry median Net Current Asset Value is 3.36. Historically, Saha Pathanapibul PCL's own Net Current Asset Value has ranged from 3.30 to 17.17 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.36, based on 135 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 Saha Pathanapibul PCL and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saha Pathanapibul PCL's current Net Current Asset Value is ฿16.76, which is 127% above median its own 10-year median of 7.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saha Pathanapibul PCL stock overvalued right now?
Based on GuruFocus' analysis, Saha Pathanapibul PCL (BKK:SPC) is currently considered Fairly Valued. The stock's GF Value™ is ฿60.65, compared to a current price of ฿55.25 — trading 8.9% below its estimated fair value. The current Net Current Asset Value is ฿16.76, which is 127% above median its 10-year median of 7.38. Saha Pathanapibul PCL's overall GF Score™ is 81/100 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 Saha Pathanapibul PCL (BKK:SPC), the current Net Current Asset Value is ฿16.76 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 Saha Pathanapibul PCL (BKK:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, Saha Pathanapibul PCL stock appears to be undervalued.
The current stock price of ฿55.25 is trading 8.9% below its estimated GF Value™ of ฿60.65.
GuruFocus considers Saha Pathanapibul PCL to be Fairly Valued.
Key valuation signals for BKK:SPC:
Net Current Asset Value: ฿16.76 (127% above median its 10-year median of 7.38)
GF Value™: ฿60.65 vs. price of ฿55.25 (8.9% below fair value)
No single metric tells the full story. See the BKK:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saha Pathanapibul PCL is a Thailand-based company, engaged in the business of consumer goods distribution and property development. In addition, the company along with its subsidiaries is also involved in the business of investing in real estate and services, and office building for rent. The company operates in two reportable segments as follows: Sales of consumer products; and Office building for rent. It generates the majority of the revenue from the sales of consumer products segment. It distributes products range which includes food, beverages, household, and personal care products. The group operates its business activities in Thailand and internationally.
81GF Score
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