Gulf Development PCL (BKK:GULF) Construction In Progress: ฿5,398 Mil (As of Mar. 2026)

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:GULF Gulf Development PCL BKK:GULF
16 GF Score
Price ฿65.25
! 12 Warning Signs
View Full Analysis

What is Gulf Development PCL Construction In Progress?

Gulf Development PCL BKK:GULF -1.14% 16 Construction In Progress is ฿5,398 Mil as of Mar. 2026. GuruFocus rates BKK:GULF with a GF Score™ of 16/100. The stock has 12 warning signs investors should review.

Gulf Development PCL's quarterly construction in progress increased from Sep. 2025 (฿1,521 Mil) to Dec. 2025 (฿5,469 Mil) but then declined from Dec. 2025 (฿5,469 Mil) to Mar. 2026 (฿5,398 Mil).

Gulf Development PCL's annual construction in progress declined from Dec. 2023 (฿19,392 Mil) to Dec. 2024 (฿10,291 Mil) and declined from Dec. 2024 (฿10,291 Mil) to Dec. 2025 (฿5,469 Mil).

Gulf Development PCL Construction In Progress Historical Data

* Premium members only.

The historical data trend for Gulf Development PCL's Construction In Progress 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.

Gulf Development PCL Construction In Progress Chart

Gulf Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38,395.65 34,952.34 19,391.96 10,290.60 5,468.74

Gulf Development PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 1,294.41 990.62 1,520.62 5,468.74 5,398.01
BKK:GULF
16GF Score
Gulf Development PCL BKK:GULF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Development PCL Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ฿5,398 Mil mean?
Gulf Development PCL (BKK:GULF) has a Construction In Progress of ฿5,398 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Gulf Development PCL and its competitors.
Is Gulf Development PCL's Construction In Progress too high?
Gulf Development PCL's current Construction In Progress is ฿5,398 Mil. Overall, Gulf Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's Construction In Progress compare to CEG and VST?
Gulf Development PCL's Construction In Progress of ฿5,398 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Independent Power Producers company?
A good Construction In Progress depends on the Utilities - Independent Power Producers industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Gulf Development PCL and its competitors. Gulf Development PCL's current Construction In Progress is ฿5,398 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current Construction In Progress of ฿5,398 Mil. The current Construction In Progress is ฿5,398 Mil. Gulf Development PCL's overall GF Score™ is 16/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Gulf Development PCL (BKK:GULF), the current Construction In Progress is ฿5,398 Mil 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
16GF Score

Get the complete analysis for BKK:GULF

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿65.25
Price