Frasers Property (Thailand) PCL (BKK:FPT) Scaled Net Operating Assets: 0.95 (As of Mar. 2026)


BKK:FPT Frasers Property (Thailand) PCL BKK:FPT
65 GF Score
Price ฿6.55
GF Value ฿11.39
Valuation Possible Value Trap
! 7 Warning Signs
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What is Frasers Property (Thailand) PCL Scaled Net Operating Assets?

Frasers Property (Thailand) PCL BKK:FPT -0.76% 65 Scaled Net Operating Assets is 0.95 as of Mar. 2026. GuruFocus rates BKK:FPT with a GF Score™ of 65/100 and a GF Value™ of ฿11.39 (Possible Value Trap). 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.

Frasers Property (Thailand) PCL's operating assets for the quarter that ended in Mar. 2026 was ฿98,099 Mil. Frasers Property (Thailand) PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿9,658 Mil. Frasers Property (Thailand) PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿93,542 Mil. Therefore, Frasers Property (Thailand) PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.95.


Frasers Property (Thailand) PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Frasers Property (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.

Frasers Property (Thailand) PCL Scaled Net Operating Assets Chart

Frasers Property (Thailand) PCL Annual Data
Trend Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.96 0.87 0.91 0.88

Frasers Property (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 0.92 0.90 0.89 0.91 0.95

Frasers Property (Thailand) PCL Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Frasers Property (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.


Frasers Property (Thailand) PCL Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Frasers Property (Thailand) PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:FPT
65GF Score
Frasers Property (Thailand) PCL BKK:FPT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Frasers Property (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.

Frasers Property (Thailand) PCL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(92805.36-7565.079)/96591.207
=0.88

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=93878.488 - 1073.128
=92805.36

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57657.719 - 36292.241 - 13800.399
=7565.079

Frasers Property (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 )
=(98099.028-9657.812)/93542.254
=0.95

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=98982.54 - 883.512
=98099.028

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61839.542 - 37631.876 - 14549.854
=9657.812

* 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 0.95 mean?
Frasers Property (Thailand) PCL (BKK:FPT) has a Scaled Net Operating Assets of 0.95 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 Frasers Property (Thailand) PCL and its competitors.
Is Frasers Property (Thailand) PCL's Scaled Net Operating Assets too high?
Frasers Property (Thailand) PCL's current Scaled Net Operating Assets is 0.95. Overall, Frasers Property (Thailand) PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frasers Property (Thailand) PCL's Scaled Net Operating Assets compare to competitors?
Frasers Property (Thailand) PCL's Scaled Net Operating Assets of 0.95 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 Frasers Property (Thailand) PCL and its competitors. Frasers Property (Thailand) PCL's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property (Thailand) PCL (BKK:FPT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿11.39, compared to a current price of ฿6.55 — trading 42.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.95. Frasers Property (Thailand) PCL's overall GF Score™ is 65/100 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 Frasers Property (Thailand) PCL (BKK:FPT), the current Scaled Net Operating Assets is 0.95 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 Frasers Property (Thailand) PCL (BKK:FPT) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Property (Thailand) PCL stock appears to be undervalued. The current stock price of ฿6.55 is trading 42.5% below its estimated GF Value™ of ฿11.39. GuruFocus considers Frasers Property (Thailand) PCL to be Possible Value Trap.

Key valuation signals for BKK:FPT:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: ฿11.39 vs. price of ฿6.55 (42.5% below fair value)
  • GF Score™: 65/100 with 7 warning signs

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


Frasers Property (Thailand) PCL Business Description

Address Rama 4 Road, No. 944 Mitrtown Office Tower, 22nd - 23rd Floor, Wangmai Subdistrict, Pathumwan District, Bangkok, THA, 10330
Frasers Property (Thailand) PCL is an industrial real estate developer operating in Thailand. The company and its subsidiaries are principally engaged industrial real estate development business, which comprises the development of factories and warehouses, mainly for rent and occasionally for sale, residential real-estate development, including rental and related service of commercial buildings and hotel business. Its segments include Real estate business, Investment properties for industrial business, Rental and commercial building business and Hotel business, where majority revenue is derived from Real estate business segment.
65GF Score

Get the complete analysis for BKK:FPT

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

฿6.55
Price
฿11.39
GF Value