Thai Plaspac PCL (BKK:TPAC) Property, Plant and Equipment: ฿2,936 Mil (As of Mar. 2026)


BKK:TPAC Thai Plaspac PCL BKK:TPAC
89 GF Score
Price ฿8.90
GF Value ฿10.39
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Thai Plaspac PCL Property, Plant and Equipment?

Thai Plaspac PCL BKK:TPAC -0.56% 89 Property, Plant and Equipment is ฿2,936 Mil as of Mar. 2026. GuruFocus rates BKK:TPAC with a GF Score™ of 89/100 and a GF Value™ of ฿10.39 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Thai Plaspac PCL's quarterly net PPE increased from Sep. 2025 (฿2,772 Mil) to Dec. 2025 (฿2,807 Mil) and increased from Dec. 2025 (฿2,807 Mil) to Mar. 2026 (฿2,936 Mil).

Thai Plaspac PCL's annual net PPE increased from Dec. 2023 (฿2,778 Mil) to Dec. 2024 (฿2,875 Mil) but then declined from Dec. 2024 (฿2,875 Mil) to Dec. 2025 (฿2,807 Mil).


Thai Plaspac PCL  (BKK:TPAC) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Thai Plaspac PCL Property, Plant and Equipment Related Terms


Thai Plaspac PCL Property, Plant and Equipment Historical Data

* Premium members only.

The historical data trend for Thai Plaspac PCL's Property, Plant and Equipment 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 Plaspac PCL Property, Plant and Equipment Chart

Thai Plaspac PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,329.25 2,515.78 2,778.12 2,874.64 2,806.63

Thai Plaspac PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Property, Plant and Equipment 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 2,925.43 2,850.76 2,771.55 2,806.63 2,935.74
BKK:TPAC
89GF Score
Thai Plaspac PCL BKK:TPAC
Property, Plant and Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Plaspac PCL Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

What does a Property, Plant and Equipment of ฿2,936 Mil mean?
Thai Plaspac PCL (BKK:TPAC) has a Property, Plant and Equipment of ฿2,936 Mil as of Mar. 2026. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Thai Plaspac PCL and its competitors.
Is Thai Plaspac PCL's Property, Plant and Equipment too high?
Thai Plaspac PCL's current Property, Plant and Equipment is ฿2,936 Mil. Overall, Thai Plaspac PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Plaspac PCL's Property, Plant and Equipment compare to SW and PKG?
Thai Plaspac PCL's Property, Plant and Equipment of ฿2,936 Mil can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Property, Plant and Equipment for a Packaging & Containers company?
A good Property, Plant and Equipment depends on the Packaging & Containers industry context. However, Property, Plant and Equipment 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 Property, Plant and Equipment mean?
A high Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Thai Plaspac PCL and its competitors. Thai Plaspac PCL's current Property, Plant and Equipment is ฿2,936 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plaspac PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plaspac PCL (BKK:TPAC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.39, compared to a current price of ฿8.90 — trading 14.3% below its estimated fair value. The current Property, Plant and Equipment is ฿2,936 Mil. Thai Plaspac PCL's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Property, Plant and Equipment calculated?
Property, Plant and Equipment is calculated from a company's financial statements. For Thai Plaspac PCL (BKK:TPAC), the current Property, Plant and Equipment is ฿2,936 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 Thai Plaspac PCL (BKK:TPAC) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Plaspac PCL stock appears to be undervalued. The current stock price of ฿8.90 is trading 14.3% below its estimated GF Value™ of ฿10.39. GuruFocus considers Thai Plaspac PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPAC:

  • Property, Plant and Equipment: ฿2,936 Mil
  • GF Value™: ฿10.39 vs. price of ฿8.90 (14.3% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


Thai Plaspac PCL Business Description

Address Bang Khun Thian-Chay Thalae Road, 77 Soi Thian Thalae 30, Thakham, Bang Khun Thian, Bangkok, THA, 10150
Thai Plaspac PCL is a Thailand-based company that operates in the plastic packaging business. The activity of the group includes the manufacturing and distribution of plastic packaging materials. It offers a wide range of manufacturing capabilities, ranging from packaging design, injection-molding, blow-molding, injection/blow molding in-line inspections, and quality assurance. It serves food, daily products, consumer-household, and other sectors. Geographically, the firm has a business presence in Thailand and Other overseas countries.
89GF Score

Get the complete analysis for BKK:TPAC

Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿8.90
Price
฿10.39
GF Value