Solartron PCL (BKK:SOLAR) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)


BKK:SOLAR Solartron PCL BKK:SOLAR
13 GF Score
Price ฿0.23
GF Value ฿0.99
Valuation Possible Value Trap
! 4 Warning Signs
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What is Solartron PCL Scaled Net Operating Assets?

Solartron PCL BKK:SOLAR 13 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates BKK:SOLAR with a GF Score™ of 13/100 and a GF Value™ of ฿0.99 (Possible Value Trap). 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.

Solartron PCL's operating assets for the quarter that ended in Mar. 2026 was ฿1,269.5 Mil. Solartron PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿474.2 Mil. Solartron PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿1,336.1 Mil. Therefore, Solartron PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Solartron PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Solartron 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.

Solartron PCL Scaled Net Operating Assets Chart

Solartron 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 0.71 0.70 0.98 0.74 0.52

Solartron 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 0.85 0.82 0.80 0.54 0.60

BKK:SOLAR vs FSLR, NXT, ENPH: Scaled Net Operating Assets Comparison

For the Solar subindustry, Solartron 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.


Solartron PCL Scaled Net Operating Assets vs Semiconductors Industry

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

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


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

Solartron 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 )
=(1325.703-475.36)/1646.256
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1336.108 - 10.405
=1325.703

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1062.982 - 352.116 - 235.506
=475.36

Solartron 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 )
=(1269.496-474.208)/1336.108
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1281.199 - 11.703
=1269.496

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1045.434 - 182.069 - 389.157
=474.208

* 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 0.60 mean?
Solartron PCL (BKK:SOLAR) has a Scaled Net Operating Assets of 0.60 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 Solartron PCL and its competitors.
Is Solartron PCL's Scaled Net Operating Assets too high?
Solartron PCL's current Scaled Net Operating Assets is 0.60. Overall, Solartron 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 Solartron PCL's Scaled Net Operating Assets compare to FSLR and NXT?
Solartron PCL's Scaled Net Operating Assets of 0.60 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Solartron PCL and its competitors. Solartron PCL's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solartron PCL stock overvalued right now?
Based on GuruFocus' analysis, Solartron PCL (BKK:SOLAR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.99, compared to a current price of ฿0.23 — trading 76.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.60. Solartron PCL's overall GF Score™ is 13/100 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 Solartron PCL (BKK:SOLAR), the current Scaled Net Operating Assets is 0.60 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 Solartron PCL (BKK:SOLAR) Overvalued in 2026?

Based on GuruFocus' analysis, Solartron PCL stock appears to be undervalued. The current stock price of ฿0.23 is trading 76.8% below its estimated GF Value™ of ฿0.99. GuruFocus considers Solartron PCL to be Possible Value Trap.

Key valuation signals for BKK:SOLAR:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: ฿0.99 vs. price of ฿0.23 (76.8% below fair value)
  • GF Score™: 13/100 with 4 warning signs

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


Solartron PCL Business Description

Other Exchanges TUU:Germany
Address Intersection 2, 77/31, 32, 33 Soi Chaengwattana 15, Thung Song Hong, Lak Si, Bangkok, THA, 10210
Solartron PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in manufacturing and distribution, selling and installation of solar-cell systems and related equipment, and construction of solar power plants. It operates in the following segments: Selling and installation of solar-cell systems, Distribution of solar-cell, and Sale of electricity. The group derives the majority of its revenue from the Selling and installation of solar-cell systems.
13GF Score

Get the complete analysis for BKK:SOLAR

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

฿0.23
Price
฿0.99
GF Value