Glory Forever PCL (BKK:GLORY) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)

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BKK:GLORY Glory Forever PCL BKK:GLORY
86 GF Score
Price ฿1.09
GF Value ฿1.49
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Glory Forever PCL Scaled Net Operating Assets?

Glory Forever PCL BKK:GLORY +2.83% 86 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates BKK:GLORY with a GF Score™ of 86/100 and a GF Value™ of ฿1.49 (Modestly Undervalued). The stock has 4 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.

Glory Forever PCL's operating assets for the quarter that ended in Mar. 2026 was ฿155.4 Mil. Glory Forever PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿31.6 Mil. Glory Forever PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿205.1 Mil. Therefore, Glory Forever PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Glory Forever PCL Scaled Net Operating Assets Historical Data

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The historical data trend for Glory Forever 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.

Glory Forever PCL Scaled Net Operating Assets Chart

Glory Forever PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.63 0.41 0.45 0.47 0.52

Glory Forever PCL Quarterly Data
Mar21 Jun21 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 0.58 0.59 0.61 0.55 0.60

BKK:GLORY vs MMM, HON: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Glory Forever 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.


Glory Forever PCL Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Glory Forever PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:GLORY
86GF Score
Glory Forever PCL BKK:GLORY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Glory Forever 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.

Glory Forever 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 )
=(154.341-31.274)/236.886
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=205.102 - 50.761
=154.341

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.306 - 0.768 - 0.264
=31.274

Glory Forever 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 )
=(155.396-31.575)/205.102
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=201.283 - 45.887
=155.396

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.543 - 0.701 - 0.267
=31.575

* 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 0.60 mean?
Glory Forever PCL (BKK:GLORY) has a Scaled Net Operating Assets of 0.60 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 Glory Forever PCL and its competitors.
Is Glory Forever PCL's Scaled Net Operating Assets too high?
Glory Forever PCL's current Scaled Net Operating Assets is 0.60. Overall, Glory Forever PCL has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Glory Forever PCL's Scaled Net Operating Assets compare to MMM and HON?
Glory Forever PCL's Scaled Net Operating Assets of 0.60 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Glory Forever PCL and its competitors. Glory Forever PCL's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glory Forever PCL stock overvalued right now?
Based on GuruFocus' analysis, Glory Forever PCL (BKK:GLORY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.49, compared to a current price of ฿1.09 — trading 26.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.60. Glory Forever PCL's overall GF Score™ is 86/100 with 4 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 Glory Forever PCL (BKK:GLORY), the current Scaled Net Operating Assets is 0.60 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 Glory Forever PCL (BKK:GLORY) Overvalued in 2026?

Based on GuruFocus' analysis, Glory Forever PCL stock appears to be undervalued. The current stock price of ฿1.09 is trading 26.8% below its estimated GF Value™ of ฿1.49. GuruFocus considers Glory Forever PCL to be Modestly Undervalued.

Key valuation signals for BKK:GLORY:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: ฿1.49 vs. price of ฿1.09 (26.8% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Glory Forever PCL Business Description

Address 20 Moo 6, Tambon Phanthai Norasing, Amphoe Mueang Samut Sakhon, Samut Sakhon, THA, 74000
Glory Forever PCL is engaged in e-commerce, i.e., trading of products and services conducted over the internet, and providing services related to residential projects. The Group is organized into business units based on its products and services and has three reportable segments, namely the E-commerce segment, Residential segment, and Other segment. Maximum revenue is generated from the E-commerce segment, which includes sales and services via electronic media through the internet network, consisting of services relating to the online novel platform, Alisa, and Vtuber. The Residential segment offers residential services consisting of management services for residential projects, as well as contracting works. Geographically, the Group operates in Thailand only.
86GF Score

Get the complete analysis for BKK:GLORY

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

฿1.09
Price
฿1.49
GF Value