Asia Metal PCL (BKK:AMC) Scaled Net Operating Assets: 0.89 (As of Mar. 2026)

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BKK:AMC Asia Metal PCL BKK:AMC
68 GF Score
Price ฿2.08
GF Value ฿2.18
Valuation Fairly Valued
! 8 Warning Signs
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What is Asia Metal PCL Scaled Net Operating Assets?

Asia Metal PCL BKK:AMC +0.97% 68 Scaled Net Operating Assets is 0.89 as of Mar. 2026. GuruFocus rates BKK:AMC with a GF Score™ of 68/100 and a GF Value™ of ฿2.18 (Fairly Valued). The stock has 8 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.

Asia Metal PCL's operating assets for the quarter that ended in Mar. 2026 was ฿4,864 Mil. Asia Metal PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿277 Mil. Asia Metal PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿5,171 Mil. Therefore, Asia Metal PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.89.


Asia Metal PCL Scaled Net Operating Assets Historical Data

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The historical data trend for Asia 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.

Asia Metal PCL Scaled Net Operating Assets Chart

Asia Metal PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.77 0.95 0.83 0.93

Asia Metal PCL 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 0.92 0.93 0.90 0.82 0.89

BKK:AMC vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Asia 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.


Asia Metal PCL Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Asia Metal PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Asia Metal PCL's Scaled Net Operating Assets falls into.


BKK:AMC
68GF Score
Asia Metal PCL BKK:AMC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Metal PCL 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.

Asia Metal PCL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5029.428-258.23)/5124.802
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5170.936 - 141.508
=5029.428

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1896.394 - 35.097 - 1603.067
=258.23

Asia Metal PCL'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 )
=(4863.634-276.953)/5170.936
=0.89

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5014.248 - 150.614
=4863.634

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1708.606 - 34.349 - 1397.304
=276.953

* 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 0.89 mean?
Asia Metal PCL (BKK:AMC) has a Scaled Net Operating Assets of 0.89 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 Asia Metal PCL and its competitors.
Is Asia Metal PCL's Scaled Net Operating Assets too high?
Asia Metal PCL's current Scaled Net Operating Assets is 0.89. Overall, Asia Metal PCL has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Metal PCL's Scaled Net Operating Assets compare to NUE and STLD?
Asia Metal PCL's Scaled Net Operating Assets of 0.89 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 Asia Metal PCL and its competitors. Asia Metal PCL's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Metal PCL (BKK:AMC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.18, compared to a current price of ฿2.08 — trading 4.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.89. Asia Metal PCL's overall GF Score™ is 68/100 with 8 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 Asia Metal PCL (BKK:AMC), the current Scaled Net Operating Assets is 0.89 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 Asia Metal PCL (BKK:AMC) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Metal PCL stock appears to be undervalued. The current stock price of ฿2.08 is trading 4.6% below its estimated GF Value™ of ฿2.18. GuruFocus considers Asia Metal PCL to be Fairly Valued.

Key valuation signals for BKK:AMC:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: ฿2.18 vs. price of ฿2.08 (4.6% below fair value)
  • GF Score™: 68/100 with 8 warning signs

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


Asia Metal PCL Business Description

Address Srinakarin Road, 55, 55/1 Moo 2 Soi Watnamdaeng, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540
Asia Metal PCL is engaged in manufacturing and trading processed steel products and rendering service for the manufacturing of processed steel. Its products include integrated steel roll coiled, both hot-rolled and cold-rolled type, the cut-and-steel sheet, and rolling a Little (slitting coil). The company also manufactures and distributes steel pipe and structural steel C-shape used by various industries. Its segment is the manufacturing and trading of processed steel products and rendering service for cutting and modifying steels. It has only one geographical segment because it operates only in Thailand.
68GF Score

Get the complete analysis for BKK:AMC

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

฿2.08
Price
฿2.18
GF Value