NL Development PCL (BKK:NL) Scaled Net Operating Assets: 0.28 (As of Mar. 2026)


BKK:NL NL Development PCL BKK:NL
16 GF Score
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What is NL Development PCL Scaled Net Operating Assets?

NL Development PCL BKK:NL 16 Scaled Net Operating Assets is 0.28 as of Mar. 2026. GuruFocus rates BKK:NL with a GF Score™ of 16/100. The stock has 2 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.

NL Development PCL's operating assets for the quarter that ended in Mar. 2026 was ฿970 Mil. NL Development PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿585 Mil. NL Development PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿1,375 Mil. Therefore, NL Development PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.28.


NL Development PCL Scaled Net Operating Assets Historical Data

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The historical data trend for NL Development 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.

NL Development PCL Scaled Net Operating Assets Chart

NL Development PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.31 0.25 0.12 0.20 0.20

NL Development PCL Quarterly Data
Dec21 Mar22 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 0.21 0.29 0.31 0.23 0.28

BKK:NL vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, NL Development 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.


NL Development PCL Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, NL Development PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:NL
16GF Score
NL Development PCL BKK:NL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NL Development 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.

NL Development 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 )
=(890.132-585.391)/1490.818
=0.20

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1374.985 - 484.853
=890.132

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=595.889 - 8.774 - 1.724
=585.391

NL Development 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 )
=(969.767-585.205)/1374.985
=0.28

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1371.376 - 401.609
=969.767

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=597.36 - 9.669 - 2.486
=585.205

* 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 0.28 mean?
NL Development PCL (BKK:NL) has a Scaled Net Operating Assets of 0.28 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 NL Development PCL and its competitors.
Is NL Development PCL's Scaled Net Operating Assets too high?
NL Development PCL's current Scaled Net Operating Assets is 0.28. Overall, NL Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does NL Development PCL's Scaled Net Operating Assets compare to PWR and FIX?
NL Development PCL's Scaled Net Operating Assets of 0.28 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 NL Development PCL and its competitors. NL Development PCL's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NL Development PCL stock overvalued right now?
NL Development PCL (BKK:NL) has a current Scaled Net Operating Assets of 0.28. The current Scaled Net Operating Assets is 0.28. NL Development PCL's overall GF Score™ is 16/100 with 2 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 NL Development PCL (BKK:NL), the current Scaled Net Operating Assets is 0.28 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.

NL Development PCL Business Description

Address 417 Ratchawithi Road, Bang Phlat District, Bangkok, THA, 10700
NL Development PCL is engaged in business of contractor and general construction. It provides surveying, design, and construction services for all types of buildings, including the installation of various engineering systems and public infrastructure construction.
16GF 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.

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