N

Netbay PCL
SET:NETBAY

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Netbay PCL
SET:NETBAY
Watchlist
Price: 16 THB 4.58%
Market Cap: ฿3.2B

P/S

4.4
Current
35%
Cheaper
vs 3-y average of 6.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.4
=
Market Cap
฿3.8B
/
Revenue
฿728.2m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.4
=
Market Cap
฿3.8B
/
Revenue
฿728.2m

Valuation Scenarios

Netbay PCL is trading below its 3-year average

If P/S returns to its 3-Year Average (6.7), the stock would be worth ฿24.52 (53% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-75%
Maximum Upside
+102%
Average Upside
3%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 4.4 ฿16
0%
3-Year Average 6.7 ฿24.52
+53%
5-Year Average 8.9 ฿32.25
+102%
Industry Average 1.1 ฿4.01
-75%
Country Average 1.3 ฿4.89
-69%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
฿3.8B
/
Jan 2026
฿728.2m
=
4.4
Current
฿3.8B
/
Dec 2026
฿841.1m
=
4.6
Forward
฿3.8B
/
Dec 2027
฿917.6m
=
4.2
Forward
฿3.8B
/
Dec 2028
฿988.9m
=
3.9
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
TH
Netbay PCL
SET:NETBAY
3.2B THB 4.4 12.1
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
336.5B USD 75 206.6
DE
SAP SE
XETRA:SAP
173.8B EUR 4.6 23.8
US
Salesforce Inc
NYSE:CRM
169.9B USD 4.1 22.8
US
Applovin Corp
NASDAQ:APP
151.9B USD 27.7 45.6
US
Intuit Inc
NASDAQ:INTU
111.1B USD 5.5 25.5
US
Adobe Inc
NASDAQ:ADBE
98.7B USD 4 13.7
US
Synopsys Inc
NASDAQ:SNPS
92.6B USD 11.6 84.1
US
NCR Corp
LSE:0K45
92B USD 34.2 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.4B USD 16.7 79.7
P/S Multiple
Revenue Growth P/S to Growth
TH
N
Netbay PCL
SET:NETBAY
Average P/S: 21 281.7
4.4
11%
0.4
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
75
50%
1.5
DE
SAP SE
XETRA:SAP
4.6
11%
0.4
US
Salesforce Inc
NYSE:CRM
4.1
11%
0.4
US
Applovin Corp
NASDAQ:APP
27.7
34%
0.8
US
Intuit Inc
NASDAQ:INTU
5.5
13%
0.4
US
Adobe Inc
NASDAQ:ADBE
4
10%
0.4
US
Synopsys Inc
NASDAQ:SNPS
11.6
20%
0.6
US
N
NCR Corp
LSE:0K45
34.2
-7%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.7
14%
1.2
P/E Multiple
Earnings Growth PEG
TH
N
Netbay PCL
SET:NETBAY
Average P/E: 270.5
12.1
10%
1.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
206.6
58%
3.6
DE
SAP SE
XETRA:SAP
23.8
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.8
31%
0.7
US
Applovin Corp
NASDAQ:APP
45.6
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
13.7
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
84.1
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.7
39%
2

Market Distribution

Higher than 86% of companies in Thailand
Percentile
86th
Based on 423 companies
86th percentile
4.4
Low
0 — 0.7
Typical Range
0.7 — 2.2
High
2.2 —
Distribution Statistics
Thailand
Min 0
30th Percentile 0.7
Median 1.3
70th Percentile 2.2
Max 268

Netbay PCL
Glance View

Market Cap
3.2B THB
Industry
Technology

Netbay Public Co. Ltd. engages in the provision of e-Business service. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2016-06-16. The firm creates, designs and develops digital business technology platform and omni channel connectivity gateway. The Company’s segments include e-Business segment and e-Service segment. The e-Business segment develops an e-Business product and presented to the user in the form of services (software as a service). The e-Service segment rendered an e-Business service for business to government transaction, and business to business (B2B) transaction. The Company’s products and services are categorized into digital business services and digital transformation projects. The Company, through its subsidiary, Cloud Creation Company Limited, provides cloud computing services. The Company, through its subsidiary, Fynnet Ventures Company Limited, provides blockchain facilitating global trade value chain services.

NETBAY Intrinsic Value
27 THB
Undervaluation 41%
Intrinsic Value
Price ฿16
N
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