Bless Asset Group PCL (BKK:BLESS) Scaled Net Operating Assets: 0.89 (As of Mar. 2026)


BKK:BLESS Bless Asset Group PCL BKK:BLESS
45 GF Score
Price ฿0.24
GF Value ฿0.38
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bless Asset Group PCL Scaled Net Operating Assets?

Bless Asset Group PCL BKK:BLESS 45 Scaled Net Operating Assets is 0.89 as of Mar. 2026. GuruFocus rates BKK:BLESS with a GF Score™ of 45/100 and a GF Value™ of ฿0.38 (Possible Value Trap). The stock has 5 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.

Bless Asset Group PCL's operating assets for the quarter that ended in Mar. 2026 was ฿2,168.7 Mil. Bless Asset Group PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿177.1 Mil. Bless Asset Group PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿2,237.2 Mil. Therefore, Bless Asset Group PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.89.


Bless Asset Group PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bless Asset Group 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.

Bless Asset Group PCL Scaled Net Operating Assets Chart

Bless Asset Group PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.90 0.89 1.00 0.94 0.90

Bless Asset Group PCL Quarterly Data
Mar21 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 0.93 0.92 0.93 0.92 0.89

Bless Asset Group PCL Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Bless Asset Group 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.


Bless Asset Group PCL Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Bless Asset Group PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bless Asset Group PCL's Scaled Net Operating Assets falls into.


BKK:BLESS
45GF Score
Bless Asset Group PCL BKK:BLESS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bless Asset Group 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.

Bless Asset Group 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 )
=(2226.048-148.458)/2300.746
=0.90

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2237.211 - 11.163
=2226.048

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1053.08 - 34.602 - 870.02
=148.458

Bless Asset Group 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 )
=(2168.694-177.075)/2237.211
=0.89

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2195.714 - 27.02
=2168.694

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1016.939 - 32.508 - 807.356
=177.075

* 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?
Bless Asset Group PCL (BKK:BLESS) 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 Bless Asset Group PCL and its competitors.
Is Bless Asset Group PCL's Scaled Net Operating Assets too high?
Bless Asset Group PCL's current Scaled Net Operating Assets is 0.89. Overall, Bless Asset Group PCL has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bless Asset Group PCL's Scaled Net Operating Assets compare to competitors?
Bless Asset Group PCL's Scaled Net Operating Assets of 0.89 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Bless Asset Group PCL and its competitors. Bless Asset Group 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 Bless Asset Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Bless Asset Group PCL (BKK:BLESS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.38, compared to a current price of ฿0.24 — trading 36.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.89. Bless Asset Group PCL's overall GF Score™ is 45/100 with 5 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 Bless Asset Group PCL (BKK:BLESS), 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 Bless Asset Group PCL (BKK:BLESS) Overvalued in 2026?

Based on GuruFocus' analysis, Bless Asset Group PCL stock appears to be undervalued. The current stock price of ฿0.24 is trading 36.8% below its estimated GF Value™ of ฿0.38. GuruFocus considers Bless Asset Group PCL to be Possible Value Trap.

Key valuation signals for BKK:BLESS:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: ฿0.38 vs. price of ฿0.24 (36.8% below fair value)
  • GF Score™: 45/100 with 5 warning signs

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


Bless Asset Group PCL Business Description

Address 609/154 Nawamin Road, Nuanchan Subdistrict, Bueng Kum District, Bangkok, THA, 10230
Bless Asset Group PCL is engaged in the property development business. The company develops and sells various types of residential real estate, comprising detached houses, semi-detached houses, townhomes, and low-rise condominiums. Geographically, its operations are carried out only in Thailand.
45GF Score

Get the complete analysis for BKK:BLESS

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

฿0.24
Price
฿0.38
GF Value