Pilatus Marine PCL (BKK:PLT) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


BKK:PLT Pilatus Marine PCL BKK:PLT
13 GF Score
Price ฿0.54
GF Value ฿0.91
Valuation Possible Value Trap
! 3 Warning Signs
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What is Pilatus Marine PCL Scaled Net Operating Assets?

Pilatus Marine PCL BKK:PLT 13 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates BKK:PLT with a GF Score™ of 13/100 and a GF Value™ of ฿0.91 (Possible Value Trap). 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.

Pilatus Marine PCL's operating assets for the quarter that ended in Mar. 2026 was ฿1,555 Mil. Pilatus Marine PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿196 Mil. Pilatus Marine PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿1,669 Mil. Therefore, Pilatus Marine PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


Pilatus Marine PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pilatus Marine 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.

Pilatus Marine PCL Scaled Net Operating Assets Chart

Pilatus Marine PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.82 0.77 1.42 1.02 0.80

Pilatus Marine PCL Quarterly Data
Dec21 Jun22 Sep22 Dec22 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 0.83 0.84 0.83 0.83 0.81

BKK:PLT vs WMB, EPD, KMI: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, Pilatus Marine 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.


Pilatus Marine PCL Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pilatus Marine PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:PLT
13GF Score
Pilatus Marine PCL BKK:PLT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pilatus Marine 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.

Pilatus Marine 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 )
=(1591.703-191.187)/1747.938
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1668.561 - 76.858
=1591.703

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=763.194 - 404.233 - 167.774
=191.187

Pilatus Marine 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 )
=(1554.596-196.247)/1668.561
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1648.461 - 93.865
=1554.596

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=734.717 - 373.941 - 164.529
=196.247

* 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 0.81 mean?
Pilatus Marine PCL (BKK:PLT) has a Scaled Net Operating Assets of 0.81 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 Pilatus Marine PCL and its competitors.
Is Pilatus Marine PCL's Scaled Net Operating Assets too high?
Pilatus Marine PCL's current Scaled Net Operating Assets is 0.81. Overall, Pilatus Marine PCL has a GF Score™ of 13/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pilatus Marine PCL's Scaled Net Operating Assets compare to WMB and EPD?
Pilatus Marine PCL's Scaled Net Operating Assets of 0.81 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 Pilatus Marine PCL and its competitors. Pilatus Marine PCL's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilatus Marine PCL stock overvalued right now?
Based on GuruFocus' analysis, Pilatus Marine PCL (BKK:PLT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.91, compared to a current price of ฿0.54 — trading 40.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Pilatus Marine PCL's overall GF Score™ is 13/100 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 Pilatus Marine PCL (BKK:PLT), the current Scaled Net Operating Assets is 0.81 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 Pilatus Marine PCL (BKK:PLT) Overvalued in 2026?

Based on GuruFocus' analysis, Pilatus Marine PCL stock appears to be undervalued. The current stock price of ฿0.54 is trading 40.7% below its estimated GF Value™ of ฿0.91. GuruFocus considers Pilatus Marine PCL to be Possible Value Trap.

Key valuation signals for BKK:PLT:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: ฿0.91 vs. price of ฿0.54 (40.7% below fair value)
  • GF Score™: 13/100 with 3 warning signs

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


Pilatus Marine PCL Business Description

Industry EnergyOil & Gas
Address At 84/1-4, Soi Phahon Yothin 37, Young Place Grand Le Jardin Building, 1st-4th Floors, Lat Yao, Chatuchak, Bangkok, THA, 10900
Pilatus Marine PCL is Thailand's operator of liquefied petroleum gas (LPG) carriers both marine and land transport, with decades of operating experience in LPG transport. The Company engaged business of motor and water transportation services for liquid products both in domestic and Asia Pacific region. The company has two reportable segments which are Marine petrochemical cargo transportation services which rendered in Thailand and Abroad, LPG Logistic services segment virtually in Thailand.
13GF Score

Get the complete analysis for BKK:PLT

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

฿0.54
Price
฿0.91
GF Value