APTPF (Airports Of Thailand) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


APTPF Airports Of Thailand PLC APTPF
89 GF Score
Price $1.73
GF Value $1.33
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Airports Of Thailand Scaled Net Operating Assets?

Airports Of Thailand APTPF 89 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates APTPF with a GF Score™ of 89/100 and a GF Value™ of $1.33 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Airports Of Thailand's operating assets for the quarter that ended in Mar. 2026 was $5,692 Mil. Airports Of Thailand's operating liabilities for the quarter that ended in Mar. 2026 was $767 Mil. Airports Of Thailand's Total Assets for the quarter that ended in Dec. 2025 was $6,553 Mil. Therefore, Airports Of Thailand's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Airports Of Thailand Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Airports Of Thailand's Scaled Net Operating Assets 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.

Airports Of Thailand Scaled Net Operating Assets Chart

Airports Of Thailand Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.73 0.94 0.89 0.83

Airports Of Thailand Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.81 0.86 0.82 0.78 0.75

APTPF vs JOBY, CAAP: Scaled Net Operating Assets Comparison

For the Airports & Air Services subindustry, Airports Of Thailand's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Airports Of Thailand Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's Scaled Net Operating Assets falls into.


APTPF
89GF Score
Airports Of Thailand PLC APTPF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Airports Of Thailand Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Airports Of Thailand's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(5958.732-839.587)/6199.249
=0.83

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6567.709 - 608.977
=5958.732

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2411.795 - 1356.575 - 215.633
=839.587

Airports Of Thailand's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(5692.106-767.144)/6553.397
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6254.235 - 562.129
=5692.106

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2166.467 - 1209.011 - 190.312
=767.144

* 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.

What does a Scaled Net Operating Assets of 0.75 mean?
Airports Of Thailand (APTPF) has a Scaled Net Operating Assets of 0.75 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Airports Of Thailand and its competitors.
Is Airports Of Thailand's Scaled Net Operating Assets too high?
Airports Of Thailand's current Scaled Net Operating Assets is 0.75. Overall, Airports Of Thailand has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airports Of Thailand's Scaled Net Operating Assets compare to JOBY and CAAP?
Airports Of Thailand's Scaled Net Operating Assets of 0.75 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Airports Of Thailand and its competitors. Airports Of Thailand's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports Of Thailand stock overvalued right now?
Based on GuruFocus' analysis, Airports Of Thailand (APTPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.33, compared to a current price of $1.73 — trading 29.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Airports Of Thailand's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Airports Of Thailand (APTPF), the current Scaled Net Operating Assets is 0.75 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 Airports Of Thailand (APTPF) Overvalued in 2026?

Based on GuruFocus' analysis, Airports Of Thailand stock appears to be overvalued. The current stock price of $1.73 is trading 29.7% above its estimated GF Value™ of $1.33. GuruFocus considers Airports Of Thailand to be Modestly Overvalued.

Key valuation signals for APTPF:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: $1.33 vs. price of $1.73 (29.7% above fair value)
  • GF Score™: 89/100 with 7 warning signs

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


Airports Of Thailand Business Description

Address No. 333, Cherdwutagard Road, Sikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.
89GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.73
Price
$1.33
GF Value