I.C.C.International PCL (BKK:ICC) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


BKK:ICC I.C.C.International PCL BKK:ICC
67 GF Score
Price ฿24.40
GF Value ฿22.98
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is I.C.C.International PCL Scaled Net Operating Assets?

I.C.C.International PCL BKK:ICC +1.67% 67 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates BKK:ICC with a GF Score™ of 67/100 and a GF Value™ of ฿22.98 (Fairly Valued). 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.

I.C.C.International PCL's operating assets for the quarter that ended in Mar. 2026 was ฿32,459 Mil. I.C.C.International PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿4,257 Mil. I.C.C.International PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿34,815 Mil. Therefore, I.C.C.International PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


I.C.C.International PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for I.C.C.International 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.

I.C.C.International PCL Scaled Net Operating Assets Chart

I.C.C.International 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 0.80 0.78 0.80 0.81 0.78

I.C.C.International 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 0.80 0.79 0.80 0.80 0.81

BKK:ICC vs TJX, ROST, BURL: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, I.C.C.International 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.


I.C.C.International PCL Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, I.C.C.International PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where I.C.C.International PCL's Scaled Net Operating Assets falls into.


BKK:ICC
67GF Score
I.C.C.International PCL BKK:ICC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I.C.C.International 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.

I.C.C.International 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 )
=(32172.589-4397.603)/35522.324
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=34814.539 - 2641.95
=32172.589

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5063.193 - 319.761 - 345.829
=4397.603

I.C.C.International 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 )
=(32459.069-4257.228)/34814.539
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=35075.917 - 2616.848
=32459.069

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4890.52 - 296.756 - 336.536
=4257.228

* 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 0.81 mean?
I.C.C.International PCL (BKK:ICC) has a Scaled Net Operating Assets of 0.81 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 I.C.C.International PCL and its competitors.
Is I.C.C.International PCL's Scaled Net Operating Assets too high?
I.C.C.International PCL's current Scaled Net Operating Assets is 0.81. Overall, I.C.C.International PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does I.C.C.International PCL's Scaled Net Operating Assets compare to TJX and ROST?
I.C.C.International PCL's Scaled Net Operating Assets of 0.81 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 I.C.C.International PCL and its competitors. I.C.C.International PCL's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I.C.C.International PCL stock overvalued right now?
Based on GuruFocus' analysis, I.C.C.International PCL (BKK:ICC) is currently considered Fairly Valued. The stock's GF Value™ is ฿22.98, compared to a current price of ฿24.40 — trading 6.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.81. I.C.C.International PCL's overall GF Score™ is 67/100 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 I.C.C.International PCL (BKK:ICC), the current Scaled Net Operating Assets is 0.81 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 I.C.C.International PCL (BKK:ICC) Overvalued in 2026?

Based on GuruFocus' analysis, I.C.C.International PCL stock appears to be overvalued. The current stock price of ฿24.40 is trading 6.2% above its estimated GF Value™ of ฿22.98. GuruFocus considers I.C.C.International PCL to be Fairly Valued.

Key valuation signals for BKK:ICC:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: ฿22.98 vs. price of ฿24.40 (6.2% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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


I.C.C.International PCL Business Description

Address 530 Soi Sathupradit 58, Bang Phong Phang Subdistrict, Yannawa District, Bangkok, THA, 10120
I.C.C.International PCL is engaged in distributing consumer products. It sells domestic and international fashion products, including cosmetics and fragrances, hair and skin hygiene products, a full range of textiles and apparel such as lingerie, outerwear, sportswear, and athletic wear, laundry and garment care products, and leather fashion items, etc. The company's principal segments are: Cosmetics, toiletries & perfumeries, Women's apparel, Men's apparel and Household products. The majority of the company's revenue is derived from the Men's apparel segment. Geographically, it operates only in Thailand.
67GF Score

Get the complete analysis for BKK:ICC

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

฿24.40
Price
฿22.98
GF Value