Techno Medical PCLBKK:TM-R 74 Net Current Asset Value is ฿0.10 as of Mar. 2026, which is 100% below its 10-year median of 4.93. GuruFocus rates BKK:TM-R with a GF Score™ of 74/100 and a GF Value™ of ฿3.03. The stock has 6 warning signs investors should review. Among 77 Medical Distribution companies, Techno Medical PCL ranks worse than 84.42% 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).
Techno Medical PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿0.10.
The historical rank and industry rank for Techno Medical PCL's Net Current Asset Value or its related term are showing as below:
BKK:TM-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.48 Med: 4.93 Max: 72
Current: 9.28
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Techno Medical PCL was 72.00. The lowest was 2.48. And the median was 4.93.
BKK:TM-R's Price-to-Net-Current-Asset-Value is ranked worse than 84.42% of 77
companies
in the Medical Distribution industry
Industry Median: 3.15
vs BKK:TM-R: 9.28
Techno Medical PCL (BKK:TM-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.
Techno Medical PCL Net Current Asset Value Related Terms
Techno Medical PCL Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Techno Medical 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:TM-R vs MCK, COR, CAH: Net Current Asset Value Comparison
For the Medical Distribution subindustry, Techno Medical 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.
Techno Medical PCL Price-to-Net-Current-Asset-Value vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Techno Medical 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 ฿0.10 mean?
Techno Medical PCL (BKK:TM-R) has a Net Current Asset Value of ฿0.10 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 Techno Medical PCL and its competitors. This is 98% below median its historical median of 4.93. Over the past decade, Techno Medical PCL's Net Current Asset Value has ranged from 2.48 to 72.00. According to the industry distribution chart, Techno Medical PCL ranks #65 out of 77 companies in the Medical Distribution industry, placing it in the top 84.4%.
Is Techno Medical PCL's Net Current Asset Value too high?
Techno Medical PCL's current Net Current Asset Value of ฿0.10 is 98% below median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 72.00. Based on the distribution chart, Techno Medical PCL ranks #65 out of 77 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Techno Medical PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Techno Medical PCL's Net Current Asset Value compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Techno Medical PCL ranks #65 out of 77 companies for Net Current Asset Value. This places Techno Medical PCL in the lower half of its industry. The industry median Net Current Asset Value is 3.15. Historically, Techno Medical PCL's own Net Current Asset Value has ranged from 2.48 to 72.00 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 Medical Distribution company?
The median Net Current Asset Value among Medical Distribution companies is 3.15, based on 77 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 Techno Medical PCL and its competitors. For the Medical Distribution industry, the median Net Current Asset Value is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medical PCL's current Net Current Asset Value is ฿0.10, which is 98% below median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medical PCL stock overvalued right now?
Techno Medical PCL (BKK:TM-R) has a current Net Current Asset Value of ฿0.10. The stock's GF Value™ is ฿3.03, compared to a current price of ฿2.32 — trading 23.4% below its estimated fair value. The current Net Current Asset Value is ฿0.10, which is 98% below median its 10-year median of 4.93. Techno Medical PCL's overall GF Score™ is 74/100 with 6 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 Techno Medical PCL (BKK:TM-R), the current Net Current Asset Value is ฿0.10 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 Techno Medical PCL (BKK:TM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medical PCL stock appears to be undervalued.
The current stock price of ฿2.32 is trading 23.4% below its estimated GF Value™ of ฿3.03.
Key valuation signals for BKK:TM-R:
Net Current Asset Value: ฿0.10 (98% below median its 10-year median of 4.93)
GF Value™: ฿3.03 vs. price of ฿2.32 (23.4% below fair value)
No single metric tells the full story. See the BKK:TM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies, Sales of Medical Equipment and Instruments and Services related to Nursing Care. Maximum of revenue is Sales of Disposable Equipment and Supplies.
74GF Score
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