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 Union Group PCL's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.25.
The historical rank and industry rank for Thai Union Group PCL's Net Current Asset Value or its related term are showing as below:
THFRF's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.15 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Thai Union Group PCL (OTCPK:THFRF) 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 Union Group PCL Net Current Asset Value Related Terms
Thai Union Group PCL Net Current Asset Value Historical Data
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The historical data trend for Thai Union Group 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.
Thai Union Group PCL Net Current Asset Value Chart
THFRF vs KHC, GIS: Net Current Asset Value Comparison
For the Packaged Foods subindustry, Thai Union Group 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 Union Group PCL Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Group PCL's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Thai Union Group 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 $-0.25 mean?
Thai Union Group PCL (THFRF) has a Net Current Asset Value of $-0.25 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 Union Group PCL and its competitors. According to the industry distribution chart, Thai Union Group PCL ranks #999999 out of 1050 companies in the Consumer Packaged Goods industry.
Is Thai Union Group PCL's Net Current Asset Value too high?
Thai Union Group PCL's current Net Current Asset Value is $-0.25. Based on the distribution chart, Thai Union Group PCL ranks #999999 out of 1050 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Thai Union Group PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Thai Union Group PCL's Net Current Asset Value compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Union Group PCL ranks #999999 out of 1050 companies for Net Current Asset Value. This places Thai Union Group PCL in the lower half of its industry. The industry median Net Current Asset Value is 4.15. 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.15, based on 1,050 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 Union Group PCL and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Union Group PCL's current Net Current Asset Value is $-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Union Group PCL stock overvalued right now?
Thai Union Group PCL (THFRF) has a current Net Current Asset Value of $-0.25. The stock's GF Value™ is $0.54, compared to a current price of $0.43 — trading 20.4% below its estimated fair value. The current Net Current Asset Value is $-0.25. Thai Union Group 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 Thai Union Group PCL (THFRF), the current Net Current Asset Value is $-0.25 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 Union Group PCL (THFRF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Union Group PCL stock appears to be undervalued.
The current stock price of $0.43 is trading 20.4% below its estimated GF Value™ of $0.54.
Key valuation signals for THFRF:
Net Current Asset Value: $-0.25
GF Value™: $0.54 vs. price of $0.43 (20.4% below fair value)
No single metric tells the full story. See the THFRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Union Group PCL is a seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related products (shrimp, lobster, salmon); and pet food and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo. Majority of revenue is from USA.
74GF Score
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