Tpi Polene PCL (BKK:TPIPL) Construction In Progress: ฿231 Mil (As of Mar. 2026)


BKK:TPIPL Tpi Polene PCL BKK:TPIPL
70 GF Score
Price ฿0.81
GF Value ฿1.11
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Tpi Polene PCL Construction In Progress?

Tpi Polene PCL BKK:TPIPL +2.53% 70 Construction In Progress is ฿231 Mil as of Mar. 2026. GuruFocus rates BKK:TPIPL with a GF Score™ of 70/100 and a GF Value™ of ฿1.11 (Modestly Undervalued). The stock has 10 warning signs investors should review.

Tpi Polene PCL's quarterly construction in progress increased from Sep. 2025 (฿242 Mil) to Dec. 2025 (฿23,217 Mil) but then declined from Dec. 2025 (฿23,217 Mil) to Mar. 2026 (฿231 Mil).

Tpi Polene PCL's annual construction in progress increased from Dec. 2023 (฿17,110 Mil) to Dec. 2024 (฿26,023 Mil) but then declined from Dec. 2024 (฿26,023 Mil) to Dec. 2025 (฿23,217 Mil).

Tpi Polene PCL Construction In Progress Historical Data

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The historical data trend for Tpi Polene 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.

Tpi Polene PCL Construction In Progress Chart

Tpi Polene 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 8,542.58 11,680.73 17,109.94 26,023.03 23,216.98

Tpi Polene 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 292.50 276.02 242.18 23,216.98 231.10
BKK:TPIPL
70GF Score
Tpi Polene PCL BKK:TPIPL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Tpi Polene 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 ฿231 Mil mean?
Tpi Polene PCL (BKK:TPIPL) has a Construction In Progress of ฿231 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Tpi Polene PCL and its competitors.
Is Tpi Polene PCL's Construction In Progress too high?
Tpi Polene PCL's current Construction In Progress is ฿231 Mil. Overall, Tpi Polene PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tpi Polene PCL's Construction In Progress compare to CRH and VMC?
Tpi Polene PCL's Construction In Progress of ฿231 Mil can be compared against companies in the Building Materials 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 a Building Materials company?
A good Construction In Progress depends on the Building Materials 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 Tpi Polene PCL and its competitors. Tpi Polene PCL's current Construction In Progress is ฿231 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tpi Polene PCL stock overvalued right now?
Based on GuruFocus' analysis, Tpi Polene PCL (BKK:TPIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.11, compared to a current price of ฿0.81 — trading 27% below its estimated fair value. The current Construction In Progress is ฿231 Mil. Tpi Polene PCL's overall GF Score™ is 70/100 with 10 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 Tpi Polene PCL (BKK:TPIPL), the current Construction In Progress is ฿231 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.

Is Tpi Polene PCL (BKK:TPIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Tpi Polene PCL stock appears to be undervalued. The current stock price of ฿0.81 is trading 27% below its estimated GF Value™ of ฿1.11. GuruFocus considers Tpi Polene PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPIPL:

  • Construction In Progress: ฿231 Mil
  • GF Value™: ฿1.11 vs. price of ฿0.81 (27% below fair value)
  • GF Score™: 70/100 with 10 warning signs

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

Tpi Polene PCL Business Description

Other Exchanges NVP6:Germany
Address Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120
Tpi Polene PCL is a producer and distributor of cement, clinker, and ready-mixed cement products in Thailand under the TPI Polene brand. The company's offerings include cement, mortar, low-density polyethylene plastics resin, ethylene vinyl acetate, solar cell encapsulants, concrete and concrete tiles, and fiber cement, among others. The company has four reportable segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The majority of its revenue is generated from the Construction Materials segment. Geographically, it derives maximum revenue from Thailand and the rest from China, Bangladesh, Australia, India, Philippines, and other regions.
70GF Score

Get the complete analysis for BKK:TPIPL

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

฿0.81
Price
฿1.11
GF Value