Unimit Engineering PCLBKK:UEC-R 49 Net Current Asset Value is ฿1.06 as of Mar. 2026, which is 100% below its 10-year median of 1.12. GuruFocus rates BKK:UEC-R with a GF Score™ of 49/100 and a GF Value™ of ฿0.56. The stock has 8 warning signs investors should review. Among 371 Steel companies, Unimit Engineering PCL ranks better than 87.33% 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).
Unimit Engineering PCL's net current asset value per share for the quarter that ended in Mar. 2026 was ฿1.06.
The historical rank and industry rank for Unimit Engineering PCL's Net Current Asset Value or its related term are showing as below:
BKK:UEC-R'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.46 Med: 1.12 Max: 2.13
Current: 0.82
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Unimit Engineering PCL was 2.13. The lowest was 0.46. And the median was 1.12.
BKK:UEC-R's Price-to-Net-Current-Asset-Value is ranked better than 87.33% of 371
companies
in the Steel industry
Industry Median: 2.97
vs BKK:UEC-R: 0.82
Unimit Engineering PCL (BKK:UEC-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.
Unimit Engineering PCL Net Current Asset Value Related Terms
Unimit Engineering PCL Net Current Asset Value Historical Data
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The historical data trend for Unimit Engineering 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.
Unimit Engineering PCL Net Current Asset Value Chart
BKK:UEC-R vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Unimit Engineering 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.
Unimit Engineering PCL Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Unimit Engineering PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Unimit Engineering 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 ฿1.06 mean?
Unimit Engineering PCL (BKK:UEC-R) has a Net Current Asset Value of ฿1.06 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 Unimit Engineering PCL and its competitors. This is near median its historical median of 1.12. Over the past decade, Unimit Engineering PCL's Net Current Asset Value has ranged from 0.46 to 2.13. According to the industry distribution chart, Unimit Engineering PCL ranks #47 out of 371 companies in the Steel industry, placing it in the top 12.7%.
Is Unimit Engineering PCL's Net Current Asset Value too high?
Unimit Engineering PCL's current Net Current Asset Value of ฿1.06 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.13. Based on the distribution chart, Unimit Engineering PCL ranks #47 out of 371 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Unimit Engineering PCL has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Unimit Engineering PCL's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Unimit Engineering PCL ranks #47 out of 371 companies for Net Current Asset Value. This places Unimit Engineering PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.97. Historically, Unimit Engineering PCL's own Net Current Asset Value has ranged from 0.46 to 2.13 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 2.97, based on 371 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 Unimit Engineering PCL and its competitors. For the Steel industry, the median Net Current Asset Value is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unimit Engineering PCL's current Net Current Asset Value is ฿1.06, which is near median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unimit Engineering PCL stock overvalued right now?
Unimit Engineering PCL (BKK:UEC-R) has a current Net Current Asset Value of ฿1.06. The stock's GF Value™ is ฿0.56, compared to a current price of ฿0.62 — trading 10.7% above its estimated fair value. The current Net Current Asset Value is ฿1.06, which is near median its 10-year median of 1.12. Unimit Engineering PCL's overall GF Score™ is 49/100 with 8 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 Unimit Engineering PCL (BKK:UEC-R), the current Net Current Asset Value is ฿1.06 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 Unimit Engineering PCL (BKK:UEC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Unimit Engineering PCL stock appears to be overvalued.
The current stock price of ฿0.62 is trading 10.7% above its estimated GF Value™ of ฿0.56.
Key valuation signals for BKK:UEC-R:
Net Current Asset Value: ฿1.06 (near median its 10-year median of 1.12)
GF Value™: ฿0.56 vs. price of ฿0.62 (10.7% above fair value)
No single metric tells the full story. See the BKK:UEC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unimit Engineering PCL is engaged in designing, shop fabrication, field installation, and erection of steel products and construction works such as pressurized equipment and vessels, non-pressure storage, mechanical parts, and piping systems. Its products include Pressure Vessels; Machinery Parts; Storage Tanks; Structure/Piping; and Mechanical Installation. The Group is principally engaged in the steel products. Geographically, the company derives maximum revenue from the domestic market and also exports its products to other regions.
49GF Score
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