Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Thai Metal Drum Manufacturing PCLBKK:TMD 72 Net Current Asset Value is ฿9.70 as of Mar. 2026, which is 100% below its 10-year median of 3.57. GuruFocus rates BKK:TMD with a GF Score™ of 72/100 and a GF Value™ of ฿22.88 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 222 Packaging & Containers companies, Thai Metal Drum Manufacturing PCL ranks better than 57.66% 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).
The historical rank and industry rank for Thai Metal Drum Manufacturing PCL's Net Current Asset Value or its related term are showing as below:
BKK:TMD'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.27 Med: 3.57 Max: 5.54
Current: 2.71
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Thai Metal Drum Manufacturing PCL was 5.54. The lowest was 2.27. And the median was 3.57.
BKK:TMD's Price-to-Net-Current-Asset-Value is ranked better than 57.66% of 222
companies
in the Packaging & Containers industry
Industry Median: 3.41
vs BKK:TMD: 2.71
Thai Metal Drum Manufacturing PCL (BKK:TMD) 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 Metal Drum Manufacturing PCL Net Current Asset Value Related Terms
Thai Metal Drum Manufacturing 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.
Thai Metal Drum Manufacturing PCL Net Current Asset Value Chart
BKK:TMD vs SW, PKG, IP: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, Thai Metal Drum Manufacturing 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 Metal Drum Manufacturing PCL Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Metal Drum Manufacturing PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Thai Metal Drum Manufacturing 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 ฿9.70 mean?
Thai Metal Drum Manufacturing PCL (BKK:TMD) has a Net Current Asset Value of ฿9.70 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 Metal Drum Manufacturing PCL and its competitors. This is 172% above median its historical median of 3.57. Over the past decade, Thai Metal Drum Manufacturing PCL's Net Current Asset Value has ranged from 2.27 to 5.54. According to the industry distribution chart, Thai Metal Drum Manufacturing PCL ranks #94 out of 222 companies in the Packaging & Containers industry, placing it in the top 42.3%.
Is Thai Metal Drum Manufacturing PCL's Net Current Asset Value too high?
Thai Metal Drum Manufacturing PCL's current Net Current Asset Value of ฿9.70 is 172% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 5.54. Based on the distribution chart, Thai Metal Drum Manufacturing PCL ranks #94 out of 222 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thai Metal Drum Manufacturing PCL has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Metal Drum Manufacturing PCL's Net Current Asset Value compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Metal Drum Manufacturing PCL ranks #94 out of 222 companies for Net Current Asset Value. This puts Thai Metal Drum Manufacturing PCL in the upper half of its industry. The industry median Net Current Asset Value is 3.41. Historically, Thai Metal Drum Manufacturing PCL's own Net Current Asset Value has ranged from 2.27 to 5.54 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 3.41, 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 Metal Drum Manufacturing PCL and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Metal Drum Manufacturing PCL's current Net Current Asset Value is ฿9.70, which is 172% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Metal Drum Manufacturing PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Metal Drum Manufacturing PCL (BKK:TMD) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿22.88, compared to a current price of ฿26.25 — trading 14.7% above its estimated fair value. The current Net Current Asset Value is ฿9.70, which is 172% above median its 10-year median of 3.57. Thai Metal Drum Manufacturing PCL's overall GF Score™ is 72/100 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 Metal Drum Manufacturing PCL (BKK:TMD), the current Net Current Asset Value is ฿9.70 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 Metal Drum Manufacturing PCL (BKK:TMD) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Metal Drum Manufacturing PCL stock appears to be overvalued.
The current stock price of ฿26.25 is trading 14.7% above its estimated GF Value™ of ฿22.88.
GuruFocus considers Thai Metal Drum Manufacturing PCL to be Modestly Overvalued.
Key valuation signals for BKK:TMD:
Net Current Asset Value: ฿9.70 (172% above median its 10-year median of 3.57)
GF Value™: ฿22.88 vs. price of ฿26.25 (14.7% above fair value)
No single metric tells the full story. See the BKK:TMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Metal Drum Manufacturing PCL Business Description
Thai Metal Drum Manufacturing PCL is a Thailand-based metal drum manufacturing company. The firm is mainly engaged in the manufacturing and distribution of steel drums, plastic products, and the provision of office buildings for rent. Its products include Steel drums, tight-head drums, and open-head drums. The business operating segment includes the Production and Sales of Metal drums, the Production and Sales of Plastic Products, Rental and service income, and Others. The majority of its revenue is generated from the Production and Sales of Metal drums and geographically from Thailand.
72GF Score
Get the complete analysis for BKK:TMD
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TMD has been successfully added to your 
