Millennium Group (ASIA) PCL (BKK:MGC) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)


BKK:MGC Millennium Group Corp (ASIA) PCL BKK:MGC
42 GF Score
Price ฿6.90
GF Value ฿4.65
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Millennium Group (ASIA) PCL Scaled Net Operating Assets?

Millennium Group (ASIA) PCL BKK:MGC +1.47% 42 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates BKK:MGC with a GF Score™ of 42/100 and a GF Value™ of ฿4.65 (Significantly Overvalued). 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.

Millennium Group (ASIA) PCL's operating assets for the quarter that ended in Mar. 2026 was ฿17,549 Mil. Millennium Group (ASIA) PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿5,855 Mil. Millennium Group (ASIA) PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿19,039 Mil. Therefore, Millennium Group (ASIA) PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Millennium Group (ASIA) PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Millennium Group (ASIA) 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.

Millennium Group (ASIA) PCL Scaled Net Operating Assets Chart

Millennium Group (ASIA) PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.52 0.77 0.78 0.65 0.77

Millennium Group (ASIA) PCL Quarterly Data
Mar21 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 0.69 0.71 0.73 0.69 0.61

BKK:MGC vs CVNA, PAG, ALTB: Scaled Net Operating Assets Comparison

For the Auto & Truck Dealerships subindustry, Millennium Group (ASIA) 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.


Millennium Group (ASIA) PCL Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Millennium Group (ASIA) PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Millennium Group (ASIA) PCL's Scaled Net Operating Assets falls into.


BKK:MGC
42GF Score
Millennium Group Corp (ASIA) PCL BKK:MGC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Millennium Group (ASIA) 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.

Millennium Group (ASIA) 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 )
=(17297.675-5581.141)/15188.567
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19038.543 - 1740.868
=17297.675

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13883.572 - 3822.301 - 4480.13
=5581.141

Millennium Group (ASIA) 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 )
=(17548.508-5855.499)/19038.543
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19406.201 - 1857.693
=17548.508

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14050.642 - 3750.792 - 4444.351
=5855.499

* 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 0.61 mean?
Millennium Group (ASIA) PCL (BKK:MGC) has a Scaled Net Operating Assets of 0.61 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 Millennium Group (ASIA) PCL and its competitors.
Is Millennium Group (ASIA) PCL's Scaled Net Operating Assets too high?
Millennium Group (ASIA) PCL's current Scaled Net Operating Assets is 0.61. Overall, Millennium Group (ASIA) PCL has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group (ASIA) PCL's Scaled Net Operating Assets compare to CVNA and PAG?
Millennium Group (ASIA) PCL's Scaled Net Operating Assets of 0.61 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Millennium Group (ASIA) PCL and its competitors. Millennium Group (ASIA) PCL's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group (ASIA) PCL stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group (ASIA) PCL (BKK:MGC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.65, compared to a current price of ฿6.90 — trading 48.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Millennium Group (ASIA) PCL's overall GF Score™ is 42/100 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 Millennium Group (ASIA) PCL (BKK:MGC), the current Scaled Net Operating Assets is 0.61 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 Millennium Group (ASIA) PCL (BKK:MGC) Overvalued in 2026?

Based on GuruFocus' analysis, Millennium Group (ASIA) PCL stock appears to be overvalued. The current stock price of ฿6.90 is trading 48.4% above its estimated GF Value™ of ฿4.65. GuruFocus considers Millennium Group (ASIA) PCL to be Significantly Overvalued.

Key valuation signals for BKK:MGC:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: ฿4.65 vs. price of ฿6.90 (48.4% above fair value)
  • GF Score™: 42/100 with 4 warning signs

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


Millennium Group (ASIA) PCL Business Description

Address No. 2222/9 Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310
Millennium Group Corp (ASIA) PCL is engaged in providing management consulting services and activities aimed at maximising benefits. Its principal business includes the sale of automobiles, yachts, and spare parts, car maintenance and other services, car rental and chauffeur services, telephone systems, computer programs, human resource development, training services, marketing management services, insurance brokerage, vehicle leasing, and customer acquisition for private jet charter services rental. Its reportable segments include the sale of automobiles, accessories, decorations, and related apparel, after-sales services, automotive parts and maintenance services for independent cars, car and driver rental services, and other businesses. The Group operates principally in Thailand.
42GF Score

Get the complete analysis for BKK:MGC

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

฿6.90
Price
฿4.65
GF Value