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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
2S Metal PCL's operating assets for the quarter that ended in Mar. 2026 was ฿2,229 Mil. 2S Metal PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿547 Mil. 2S Metal PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿2,380 Mil. Therefore, 2S Metal PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.
2S Metal PCL Scaled Net Operating Assets Related Terms
2S Metal PCL Scaled Net Operating Assets Historical Data
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The historical data trend for 2S Metal PCL'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.
BKK:2S vs NUE, STLD, RS: Scaled Net Operating Assets Comparison
For the Steel subindustry, 2S Metal PCL'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.
2S Metal PCL Scaled Net Operating Assets vs Steel Industry
For the Steel industry and Basic Materials sector, 2S Metal PCL's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where 2S Metal PCL's Scaled Net Operating Assets falls into.
* 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 0.71 mean?
2S Metal PCL (BKK:2S) has a Scaled Net Operating Assets of 0.71 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 2S Metal PCL and its competitors.
Is 2S Metal PCL's Scaled Net Operating Assets too high?
2S Metal PCL's current Scaled Net Operating Assets is 0.71. Overall, 2S Metal PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2S Metal PCL's Scaled Net Operating Assets compare to NUE and STLD?
2S Metal PCL's Scaled Net Operating Assets of 0.71 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 2S Metal PCL and its competitors. 2S Metal PCL's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2S Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, 2S Metal PCL (BKK:2S) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.99, compared to a current price of ฿3.08 — trading 3% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. 2S Metal PCL's overall GF Score™ is 69/100 with 4 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 2S Metal PCL (BKK:2S), the current Scaled Net Operating Assets is 0.71 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 2S Metal PCL (BKK:2S) Overvalued in 2026?
Based on GuruFocus' analysis, 2S Metal PCL stock appears to be overvalued.
The current stock price of ฿3.08 is trading 3% above its estimated GF Value™ of ฿2.99.
GuruFocus considers 2S Metal PCL to be Fairly Valued.
Key valuation signals for BKK:2S:
Scaled Net Operating Assets: 0.71
GF Value™: ฿2.99 vs. price of ฿3.08 (3% above fair value)
No single metric tells the full story. See the BKK:2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
2S Metal PCL is a Thailand-based company engaged in the manufacture, distribution, and trade of steel products. It is mainly engaged in manufacturing steel pipes, steel plates, light lip channels, and steel wire mesh, and trading steel products. The company's operating segments are the trading of steel products, including raw materials, and the production and distribution of steel products. The majority of its revenue is generated from the production and distribution of steel products. Geographically, it derives maximum revenue from the local market and the rest from the Lao People's Democratic Republic.
69GF Score
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