Ocean Glass PCL (BKK:OGC) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


BKK:OGC Ocean Glass PCL BKK:OGC
59 GF Score
Price ฿9.70
GF Value ฿18.45
Valuation Possible Value Trap
! 8 Warning Signs
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What is Ocean Glass PCL Scaled Net Operating Assets?

Ocean Glass PCL BKK:OGC 59 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates BKK:OGC with a GF Score™ of 59/100 and a GF Value™ of ฿18.45 (Possible Value Trap). The stock has 8 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.

Ocean Glass PCL's operating assets for the quarter that ended in Mar. 2026 was ฿3,785 Mil. Ocean Glass PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿562 Mil. Ocean Glass PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿3,876 Mil. Therefore, Ocean Glass PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Ocean Glass PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ocean Glass 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.

Ocean Glass PCL Scaled Net Operating Assets Chart

Ocean Glass 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 0.81 0.90 0.84 0.83

Ocean Glass 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 0.83 0.84 0.85 0.84 0.83

BKK:OGC vs SN, SGI, MHK: Scaled Net Operating Assets Comparison

For the Furnishings, Fixtures & Appliances subindustry, Ocean Glass 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.


Ocean Glass PCL Scaled Net Operating Assets vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ocean Glass PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:OGC
59GF Score
Ocean Glass PCL BKK:OGC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ocean Glass 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.

Ocean Glass 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 )
=(3847.598-583.31)/3927.253
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3875.819 - 28.221
=3847.598

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2085.728 - 181.417 - 1321.001
=583.31

Ocean Glass 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 )
=(3785.441-562.103)/3875.819
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3820.697 - 35.256
=3785.441

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2070.399 - 347.114 - 1161.182
=562.103

* 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 0.83 mean?
Ocean Glass PCL (BKK:OGC) has a Scaled Net Operating Assets of 0.83 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 Ocean Glass PCL and its competitors.
Is Ocean Glass PCL's Scaled Net Operating Assets too high?
Ocean Glass PCL's current Scaled Net Operating Assets is 0.83. Overall, Ocean Glass PCL has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Glass PCL's Scaled Net Operating Assets compare to SN and SGI?
Ocean Glass PCL's Scaled Net Operating Assets of 0.83 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Scaled Net Operating Assets depends on the Furnishings, Fixtures & Appliances 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 Ocean Glass PCL and its competitors. Ocean Glass PCL's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Glass PCL stock overvalued right now?
Based on GuruFocus' analysis, Ocean Glass PCL (BKK:OGC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿18.45, compared to a current price of ฿9.70 — trading 47.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Ocean Glass PCL's overall GF Score™ is 59/100 with 8 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 Ocean Glass PCL (BKK:OGC), the current Scaled Net Operating Assets is 0.83 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 Ocean Glass PCL (BKK:OGC) Overvalued in 2026?

Based on GuruFocus' analysis, Ocean Glass PCL stock appears to be undervalued. The current stock price of ฿9.70 is trading 47.4% below its estimated GF Value™ of ฿18.45. GuruFocus considers Ocean Glass PCL to be Possible Value Trap.

Key valuation signals for BKK:OGC:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: ฿18.45 vs. price of ฿9.70 (47.4% below fair value)
  • GF Score™: 59/100 with 8 warning signs

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


Ocean Glass PCL Business Description

Address Sukhumvit 19 Road (Soi Wattana, 75/3 and 75/88-90 Ocean Tower II, 12th and 34th floor, North Klongtoey, Wattana, Bangkok, THA, 10110
Ocean Glass PCL is a Thailand-based company that manufactures and sells table glassware. The company manufactures glassware for families, food service operators, companies, and brands who want to personalize their own glassware as gifts or souvenirs. Its offering includes all kinds of glasses such as drinking glasses, wine glasses, beer glasses, juice glasses and dining glass sets. It sells its products under the brands Ocean and Lucaris. Its market coverage includes Thailand and Overseas markets, with the majority of the revenue generated from overseas sales.
59GF Score

Get the complete analysis for BKK:OGC

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

฿9.70
Price
฿18.45
GF Value