Asia Precision PCL (BKK:APCS) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)


BKK:APCS Asia Precision PCL BKK:APCS
50 GF Score
Price ฿1.37
GF Value ฿1.09
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Asia Precision PCL Scaled Net Operating Assets?

Asia Precision PCL BKK:APCS -3.52% 50 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates BKK:APCS with a GF Score™ of 50/100 and a GF Value™ of ฿1.09 (Modestly Overvalued). The stock has 6 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 Precision PCL's operating assets for the quarter that ended in Mar. 2026 was ฿2,542.9 Mil. Asia Precision PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿933.1 Mil. Asia Precision PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿2,645.1 Mil. Therefore, Asia Precision PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Asia Precision PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Asia Precision 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 Precision PCL Scaled Net Operating Assets Chart

Asia Precision 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 0.55 0.81 0.55 0.62 0.51

Asia Precision 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 0.69 0.67 0.65 0.56 0.61

BKK:APCS vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Asia Precision 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 Precision PCL Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Asia Precision PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:APCS
50GF Score
Asia Precision PCL BKK:APCS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Precision 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 Precision 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 )
=(2608.113-876.666)/3415.981
=0.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2645.139 - 37.026
=2608.113

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1423.566 - 123.294 - 423.606
=876.666

Asia Precision 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 )
=(2542.942-933.061)/2645.139
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2573.072 - 30.13
=2542.942

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1435.234 - 118.133 - 384.04
=933.061

* 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 0.61 mean?
Asia Precision PCL (BKK:APCS) has a Scaled Net Operating Assets of 0.61 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 Precision PCL and its competitors.
Is Asia Precision PCL's Scaled Net Operating Assets too high?
Asia Precision PCL's current Scaled Net Operating Assets is 0.61. Overall, Asia Precision PCL has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Precision PCL's Scaled Net Operating Assets compare to PWR and FIX?
Asia Precision PCL's Scaled Net Operating Assets of 0.61 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Precision PCL and its competitors. Asia Precision PCL's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Precision PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Precision PCL (BKK:APCS) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.09, compared to a current price of ฿1.37 — trading 25.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Asia Precision PCL's overall GF Score™ is 50/100 with 6 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 Precision PCL (BKK:APCS), the current Scaled Net Operating Assets is 0.61 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 Precision PCL (BKK:APCS) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Precision PCL stock appears to be overvalued. The current stock price of ฿1.37 is trading 25.7% above its estimated GF Value™ of ฿1.09. GuruFocus considers Asia Precision PCL to be Modestly Overvalued.

Key valuation signals for BKK:APCS:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: ฿1.09 vs. price of ฿1.37 (25.7% above fair value)
  • GF Score™: 50/100 with 6 warning signs

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


Asia Precision PCL Business Description

Address Sunphawut Road, 223/53, 13th Floor, Country Complex Tower A, Bangna Tai, Bangna, Bangkok, THA, 10260
Asia Precision PCL, along with its subsidiaries, is principally engaged in engineering and construction (EPC) businesses both domestically and internationally. It is also involved in the parts manufacturing and water distribution business. The operating segments of the group are Mining, EPC, Sales of building materials and administration, and Water resource management. The company has main revenues from the EPC business. Geographically, the group operates in Thailand, Mongolia and Vietnam, of which prime revenue is earned in Thailand.
50GF 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.

฿1.37
Price
฿1.09
GF Value