Netbay PCL (BKK:NETBAY) Price-to-Operating-Cash-Flow: 11.80 (As of Aug. 29, 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:NETBAY Netbay PCL BKK:NETBAY
83 GF Score
Price ฿12.50
GF Value ฿19.18
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Netbay PCL Price-to-Operating-Cash-Flow?

Netbay PCL BKK:NETBAY 83 Price-to-Operating-Cash-Flow is 11.80 as of Aug. 29, 2026, which is 60% below its 10-year median of 29.70. GuruFocus rates BKK:NETBAY with a GF Score™ of 83/100 and a GF Value™ of ฿19.18 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,858 Software companies, Netbay PCL ranks better than 60.71% on this metric.

As of today (2026-08-29), Netbay PCL's share price is ฿12.50. Netbay PCL's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Jun. 2026 was ฿1.06. Hence, Netbay PCL's Price-to-Operating-Cash-Flow Ratio for today is 11.80.

The historical rank and industry rank for Netbay PCL's Price-to-Operating-Cash-Flow or its related term are showing as below:

BKK:NETBAY' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 7.41   Med: 29.7   Max: 78.39
Current: 11.8

During the past 11 years, Netbay PCL's highest Price-to-Operating-Cash-Flow Ratio was 78.39. The lowest was 7.41. And the median was 29.70.

BKK:NETBAY's Price-to-Operating-Cash-Flow is ranked better than
60.71% of 1858 companies
in the Software industry
Industry Median: 14.96 vs BKK:NETBAY: 11.80

Netbay PCL's Cash Flow from Operations per share for the three months ended in Jun. 2026 was ฿0.15. Its Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Jun. 2026 was ฿1.06.

During the past 12 months, the average Operating Cash Flow per Share Growth Rate of Netbay PCL was -33.70% per year. During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 25.70% per year. During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 10.30% per year. During the past 10 years, the average Operating Cash Flow per Share Growth Rate was 11.30% per year.

During the past 11 years, Netbay PCL's highest 3-Year average Operating Cash Flow per Share Growth Rate was 29.30% per year. The lowest was -5.50% per year. And the median was 12.80% per year.


Netbay PCL Price-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for Netbay PCL's Price-to-Operating-Cash-Flow 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.

Netbay PCL Price-to-Operating-Cash-Flow Chart

Netbay PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.07 33.33 25.18 15.37 14.31

Netbay PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.14 13.80 14.31 14.42 9.54

BKK:NETBAY vs QH, SHOP, UBER: Price-to-Operating-Cash-Flow Comparison

For the Software - Application subindustry, Netbay PCL's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow 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.


Netbay PCL Price-to-Operating-Cash-Flow vs Software Industry

For the Software industry and Technology sector, Netbay PCL's Price-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Netbay PCL's Price-to-Operating-Cash-Flow falls into.


BKK:NETBAY
83GF Score
Netbay PCL BKK:NETBAY
Price-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netbay PCL Price-to-Operating-Cash-Flow Calculation

Netbay PCL's Price-to-Operating-Cash-Flow ratio for today is calculated as

Price-to-Operating-Cash-Flow Ratio=Share Price/Cash Flow from Operations per share (TTM)
=12.50/1.059
=11.80

Netbay PCL's Share Price of today is ฿12.50.
Netbay PCL's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1.06.

* 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.

Note: Cash Flow from Operations per share is calculated as Cash Flow from Operations divided by Shares Outstanding (Diluted Average).

It can also be calculated from the numbers for the whole company:

Price-to-Operating-Cash-Flow Ratio=Market Cap/Cash Flow from Operations
What does a Price-to-Operating-Cash-Flow of 11.80 mean?
Netbay PCL (BKK:NETBAY) has a Price-to-Operating-Cash-Flow of 11.80 as of Aug. 29, 2026. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on Netbay PCL and its competitors. This is 60% below median its historical median of 29.70. Over the past decade, Netbay PCL's Price-to-Operating-Cash-Flow has ranged from 7.41 to 78.39. According to the industry distribution chart, Netbay PCL ranks #730 out of 1858 companies in the Software industry, placing it in the top 39.3%.
Is Netbay PCL's Price-to-Operating-Cash-Flow too high?
Netbay PCL's current Price-to-Operating-Cash-Flow of 11.80 is 60% below median its 10-year median of 29.70. Over the past 10 years, this metric has ranged from a low of 7.41 to a high of 78.39. The Software industry median Price-to-Operating-Cash-Flow is 14.96. Netbay PCL's value of 11.80 is 21.1% below this industry median. Based on the distribution chart, Netbay PCL ranks #730 out of 1858 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Price-to-Operating-Cash-Flow compare to QH and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #730 out of 1858 companies for Price-to-Operating-Cash-Flow. This puts Netbay PCL in the upper half of its industry. The industry median Price-to-Operating-Cash-Flow is 14.96. Netbay PCL's value of 11.80 is 21.1% below this benchmark. Historically, Netbay PCL's own Price-to-Operating-Cash-Flow has ranged from 7.41 to 78.39 over the past decade. While the company's 10-year median is 29.70 vs. the industry median of 14.96, Netbay PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Operating-Cash-Flow for a Software company?
The median Price-to-Operating-Cash-Flow among Software companies is 14.96, based on 1,858 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netbay PCL's current Price-to-Operating-Cash-Flow of 11.80 is 21.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Operating-Cash-Flow mean?
A high Price-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on Netbay PCL and its competitors. For the Software industry, the median Price-to-Operating-Cash-Flow is 14.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Price-to-Operating-Cash-Flow is 11.80, which is 60% below median its own 10-year median of 29.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿19.18, compared to a current price of ฿12.50 — trading 34.8% below its estimated fair value. The current Price-to-Operating-Cash-Flow is 11.80, which is 60% below median its 10-year median of 29.70 and 21.1% below the Software industry median of 14.96. Netbay PCL's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Operating-Cash-Flow calculated?
Price-to-Operating-Cash-Flow is calculated from a company's financial statements. For Netbay PCL (BKK:NETBAY), the current Price-to-Operating-Cash-Flow is 11.80 as of Aug. 29, 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?

Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued. The current stock price of ฿12.50 is trading 34.8% below its estimated GF Value™ of ฿19.18. GuruFocus considers Netbay PCL to be Significantly Undervalued.

Key valuation signals for BKK:NETBAY:

  • Price-to-Operating-Cash-Flow: 11.80 (60% below median its 10-year median of 29.70)
  • GF Value™: ฿19.18 vs. price of ฿12.50 (34.8% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 21.1% below the Software median (#730 of 1858)

No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netbay PCL Business Description

Address No. 719/5, 8-9, Rama 6 Road, Wang Mai Sub-district, Pathumwan District, Bangkok, THA, 10330
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
83GF Score

Get the complete analysis for BKK:NETBAY

Price-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿12.50
Price
฿19.18
GF Value