Metro Systems PCL (BKK:MSC-R) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)


BKK:MSC-R Metro Systems Corp PCL BKK:MSC-R
66 GF Score
Price ฿7.70
GF Value ฿9.39
! 7 Warning Signs
View Full Analysis

What is Metro Systems PCL Scaled Net Operating Assets?

Metro Systems PCL BKK:MSC-R 66 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates BKK:MSC-R with a GF Score™ of 66/100 and a GF Value™ of ฿9.39. 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.

Metro Systems PCL's operating assets for the quarter that ended in Mar. 2026 was ฿4,027 Mil. Metro Systems PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿1,687 Mil. Metro Systems PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿4,346 Mil. Therefore, Metro Systems PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.


Metro Systems PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Metro Systems 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.

Metro Systems PCL Scaled Net Operating Assets Chart

Metro Systems 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 0.56 0.72 0.43 0.75 0.49

Metro Systems 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 0.50 0.47 0.62 0.54 0.54

BKK:MSC-R vs SNX, ARW, AVT: Scaled Net Operating Assets Comparison

For the Electronics & Computer Distribution subindustry, Metro Systems 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.


Metro Systems PCL Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:MSC-R
66GF Score
Metro Systems Corp PCL BKK:MSC-R
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro Systems 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.

Metro Systems 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 )
=(3653.569-1403.377)/4609.401
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4345.657 - 692.088
=3653.569

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2076.047 - 290.321 - 382.349
=1403.377

Metro Systems 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 )
=(4026.854-1686.619)/4345.657
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4725.814 - 698.96
=4026.854

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2373.923 - 247.274 - 440.03
=1686.619

* 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 0.54 mean?
Metro Systems PCL (BKK:MSC-R) has a Scaled Net Operating Assets of 0.54 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 Metro Systems PCL and its competitors.
Is Metro Systems PCL's Scaled Net Operating Assets too high?
Metro Systems PCL's current Scaled Net Operating Assets is 0.54. Overall, Metro Systems PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Metro Systems PCL's Scaled Net Operating Assets compare to SNX and ARW?
Metro Systems PCL's Scaled Net Operating Assets of 0.54 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Metro Systems PCL and its competitors. Metro Systems PCL's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Systems PCL stock overvalued right now?
Metro Systems PCL (BKK:MSC-R) has a current Scaled Net Operating Assets of 0.54. The stock's GF Value™ is ฿9.39, compared to a current price of ฿7.70 — trading 18% below its estimated fair value. The current Scaled Net Operating Assets is 0.54. Metro Systems PCL's overall GF Score™ is 66/100 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 Metro Systems PCL (BKK:MSC-R), the current Scaled Net Operating Assets is 0.54 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 Metro Systems PCL (BKK:MSC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Systems PCL stock appears to be undervalued. The current stock price of ฿7.70 is trading 18% below its estimated GF Value™ of ฿9.39.

Key valuation signals for BKK:MSC-R:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: ฿9.39 vs. price of ฿7.70 (18% below fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Metro Systems PCL Business Description

Other Exchanges MSC:Thailand
Address 400 Chalermprakiat Rama IX Road, Nong Bon Subdistrict, Prawet District, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales computers and equipment, Sales and installation software, Sales supplies and office equipment, and Rental and other services. It derives key revenue from the Sales and installation software. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.
66GF Score

Get the complete analysis for BKK:MSC-R

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

฿7.70
Price
฿9.39
GF Value