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).
Thai Future PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿-0.03.
The historical rank and industry rank for Thai Future 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 Thai Future PCL was 28.00. The lowest was 21.00. And the median was 26.00.
BKK:TFI-R's Price-to-Net-Current-Asset-Value is not ranked *
in the Packaging & Containers industry.
Industry Median: 3.39 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Thai Future PCL (BKK:TFI-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.
Thai Future PCL Net Current Asset Value Related Terms
Thai Future PCL Net Current Asset Value Historical Data
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The historical data trend for Thai Future 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:TFI-R vs SW, PKG, AMCR: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, Thai Future 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.
Thai Future PCL Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Future PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Thai Future 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 ฿-0.03 mean?
Thai Future PCL (BKK:TFI-R) has a Net Current Asset Value of ฿-0.03 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 Thai Future PCL and its competitors. Over the past decade, Thai Future PCL's Net Current Asset Value has ranged from 21.00 to 28.00. According to the industry distribution chart, Thai Future PCL ranks #999999 out of 222 companies in the Packaging & Containers industry.
Is Thai Future PCL's Net Current Asset Value too high?
Thai Future PCL's current Net Current Asset Value is ฿-0.03. Over the past 10 years, this metric has ranged from a low of 21.00 to a high of 28.00. Based on the distribution chart, Thai Future PCL ranks #999999 out of 222 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thai Future PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Future PCL's Net Current Asset Value compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Future PCL ranks #999999 out of 222 companies for Net Current Asset Value. This places Thai Future PCL in the lower half of its industry. The industry median Net Current Asset Value is 3.39. Historically, Thai Future PCL's own Net Current Asset Value has ranged from 21.00 to 28.00 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 Packaging & Containers company?
The median Net Current Asset Value among Packaging & Containers companies is 3.39, based on 222 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 Thai Future PCL and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Future PCL's current Net Current Asset Value is ฿-0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Future PCL stock overvalued right now?
Thai Future PCL (BKK:TFI-R) has a current Net Current Asset Value of ฿-0.03. The stock's GF Value™ is ฿0.18, compared to a current price of ฿0.10 — trading 44.4% below its estimated fair value. The current Net Current Asset Value is ฿-0.03. Thai Future PCL's overall GF Score™ is 12/100 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 Thai Future PCL (BKK:TFI-R), the current Net Current Asset Value is ฿-0.03 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 Thai Future PCL (BKK:TFI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Future PCL stock appears to be undervalued.
The current stock price of ฿0.10 is trading 44.4% below its estimated GF Value™ of ฿0.18.
Key valuation signals for BKK:TFI-R:
Net Current Asset Value: ฿-0.03
GF Value™: ฿0.18 vs. price of ฿0.10 (44.4% below fair value)
No single metric tells the full story. See the BKK:TFI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Future Inc PCL is engaged in manufacturing of packaging film. The company's products include biaxially oriented polypropylene (BOPP) films, polyester film, cast polypropylene (CPP) films and metallized films to supply domestic and overseas export. The one main reportable operating segment of the company is engaged in mainly in manufacturing of packaging film and the several geographical regions area of their operations is Thailand, Asia, Europe, America and others.
12GF Score
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