CAZ (Thailand) PCL (BKK:CAZ) Scaled Net Operating Assets: -0.06 (As of Mar. 2026)

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BKK:CAZ CAZ (Thailand) PCL BKK:CAZ
55 GF Score
Price ฿2.32
GF Value ฿1.53
Valuation Significantly Overvalued
! 7 Warning Signs
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What is CAZ (Thailand) PCL Scaled Net Operating Assets?

CAZ (Thailand) PCL BKK:CAZ -3.33% 55 Scaled Net Operating Assets is -0.06 as of Mar. 2026. GuruFocus rates BKK:CAZ with a GF Score™ of 55/100 and a GF Value™ of ฿1.53 (Significantly 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.

CAZ (Thailand) PCL's operating assets for the quarter that ended in Mar. 2026 was ฿1,910 Mil. CAZ (Thailand) PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿2,007 Mil. CAZ (Thailand) PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿1,717 Mil. Therefore, CAZ (Thailand) PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.06.


CAZ (Thailand) PCL Scaled Net Operating Assets Historical Data

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The historical data trend for CAZ (Thailand) 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.

CAZ (Thailand) PCL Scaled Net Operating Assets Chart

CAZ (Thailand) 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 0.58 0.51 0.49 0.61 0.27

CAZ (Thailand) 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 0.44 0.40 0.13 0.33 -0.06

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

For the Engineering & Construction subindustry, CAZ (Thailand) 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.


CAZ (Thailand) PCL Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, CAZ (Thailand) PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CAZ (Thailand) PCL's Scaled Net Operating Assets falls into.


BKK:CAZ
55GF Score
CAZ (Thailand) PCL BKK:CAZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CAZ (Thailand) 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.

CAZ (Thailand) 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 )
=(1618.37-858.509)/2860.431
=0.27

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1716.558 - 98.188
=1618.37

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1220.902 - 156.023 - 206.37
=858.509

CAZ (Thailand) 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 )
=(1910.127-2006.939)/1716.558
=-0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2881.844 - 971.717
=1910.127

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2338.938 - 148.918 - 183.081
=2006.939

* 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 -0.06 mean?
CAZ (Thailand) PCL (BKK:CAZ) has a Scaled Net Operating Assets of -0.06 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 CAZ (Thailand) PCL and its competitors.
Is CAZ (Thailand) PCL's Scaled Net Operating Assets too high?
CAZ (Thailand) PCL's current Scaled Net Operating Assets is -0.06. Overall, CAZ (Thailand) PCL has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CAZ (Thailand) PCL's Scaled Net Operating Assets compare to PWR and FIX?
CAZ (Thailand) PCL's Scaled Net Operating Assets of -0.06 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 CAZ (Thailand) PCL and its competitors. CAZ (Thailand) PCL's current Scaled Net Operating Assets is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CAZ (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, CAZ (Thailand) PCL (BKK:CAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.53, compared to a current price of ฿2.32 — trading 51.6% above its estimated fair value. The current Scaled Net Operating Assets is -0.06. CAZ (Thailand) PCL's overall GF Score™ is 55/100 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 CAZ (Thailand) PCL (BKK:CAZ), the current Scaled Net Operating Assets is -0.06 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 CAZ (Thailand) PCL (BKK:CAZ) Overvalued in 2026?

Based on GuruFocus' analysis, CAZ (Thailand) PCL stock appears to be overvalued. The current stock price of ฿2.32 is trading 51.6% above its estimated GF Value™ of ฿1.53. GuruFocus considers CAZ (Thailand) PCL to be Significantly Overvalued.

Key valuation signals for BKK:CAZ:

  • Scaled Net Operating Assets: -0.06
  • GF Value™: ฿1.53 vs. price of ฿2.32 (51.6% above fair value)
  • GF Score™: 55/100 with 7 warning signs

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


CAZ (Thailand) PCL Business Description

Address 239 Huaipong Nongbon Road, Tambol Huaipong, Amphur Muang rayong, Rayong, THA, 21150
CAZ (Thailand) PCL is a Thailand-based engineering and construction company. Its operations are classified as. EPC services consist of construction management including pre-commissioning and commissioning for various businesses; Structure Machanic and Piping (SMP) services that include structure erection, piping fabrication, and erection, equipment erection, electric and instrument work; Civil and Building services including construction works including engineering work for the various business; Fabrication and other services include mechanical fabrication work (structure, vessel, heat exchanger, tanks) including procurement of materials for various business. The Group operates principally in Thailand.
55GF Score

Get the complete analysis for BKK:CAZ

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

฿2.32
Price
฿1.53
GF Value