MDX PCL (BKK:MDX) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


BKK:MDX MDX PCL BKK:MDX
71 GF Score
Price ฿2.50
GF Value ฿3.90
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MDX PCL Scaled Net Operating Assets?

MDX PCL BKK:MDX 71 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates BKK:MDX with a GF Score™ of 71/100 and a GF Value™ of ฿3.90 (Significantly Undervalued). The stock has 3 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.

MDX PCL's operating assets for the quarter that ended in Mar. 2026 was ฿4,625.4 Mil. MDX PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿446.7 Mil. MDX PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿7,820.5 Mil. Therefore, MDX PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.


MDX PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MDX 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.

MDX PCL Scaled Net Operating Assets Chart

MDX 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 0.71 0.61 0.58 0.57 0.52

MDX 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 0.54 0.52 0.52 0.50 0.53

MDX PCL Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, MDX 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.


MDX PCL Scaled Net Operating Assets vs Real Estate Industry

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

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


BKK:MDX
71GF Score
MDX PCL BKK:MDX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MDX 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.

MDX 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 )
=(4453.153-463.274)/7619.538
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7820.517 - 3367.364
=4453.153

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=546.192 - 9.666 - 73.252
=463.274

MDX 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 )
=(4625.445-446.731)/7820.517
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8065.194 - 3439.749
=4625.445

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=524.06 - 3.743 - 73.586
=446.731

* 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 0.53 mean?
MDX PCL (BKK:MDX) has a Scaled Net Operating Assets of 0.53 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 MDX PCL and its competitors.
Is MDX PCL's Scaled Net Operating Assets too high?
MDX PCL's current Scaled Net Operating Assets is 0.53. Overall, MDX PCL has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MDX PCL's Scaled Net Operating Assets compare to competitors?
MDX PCL's Scaled Net Operating Assets of 0.53 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 MDX PCL and its competitors. MDX PCL's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDX PCL stock overvalued right now?
Based on GuruFocus' analysis, MDX PCL (BKK:MDX) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿3.90, compared to a current price of ฿2.50 — trading 35.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.53. MDX PCL's overall GF Score™ is 71/100 with 3 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 MDX PCL (BKK:MDX), the current Scaled Net Operating Assets is 0.53 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 MDX PCL (BKK:MDX) Overvalued in 2026?

Based on GuruFocus' analysis, MDX PCL stock appears to be undervalued. The current stock price of ฿2.50 is trading 35.9% below its estimated GF Value™ of ฿3.90. GuruFocus considers MDX PCL to be Significantly Undervalued.

Key valuation signals for BKK:MDX:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: ฿3.90 vs. price of ฿2.50 (35.9% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


MDX PCL Business Description

Address 199 Ratchadapisek Road, 12A Floor, Column Tower Building, Klongtoey, Bangkok, THA, 10110
MDX PCL is engaged in the investment and development of real estate and basic infrastructure projects. Through its subsidiaries, the company is also involved in investing in power plant projects and the distribution of electrical power. It operates in three business segments: the real estate segment, which generates maximum revenue, electricity generation, and others. Further, the real estate segment has two parts: sale of land and rental and utility services.
71GF Score

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

฿2.50
Price
฿3.90
GF Value