Saha Pathanapibul PCL (BKK:SPC) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


BKK:SPC Saha Pathanapibul PCL BKK:SPC
81 GF Score
Price ฿55.50
GF Value ฿60.56
Valuation Fairly Valued
! 3 Warning Signs
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What is Saha Pathanapibul PCL Scaled Net Operating Assets?

Saha Pathanapibul PCL BKK:SPC 81 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates BKK:SPC with a GF Score™ of 81/100 and a GF Value™ of ฿60.56 (Fairly Valued). 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.

Saha Pathanapibul PCL's operating assets for the quarter that ended in Mar. 2026 was ฿33,666 Mil. Saha Pathanapibul PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿9,018 Mil. Saha Pathanapibul PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿38,609 Mil. Therefore, Saha Pathanapibul PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.


Saha Pathanapibul PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Saha Pathanapibul 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.

Saha Pathanapibul PCL Scaled Net Operating Assets Chart

Saha Pathanapibul 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 0.60 0.61 0.60 0.61 0.62

Saha Pathanapibul 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 0.63 0.62 0.62 0.61 0.64

BKK:SPC vs SYY, USFD, PFGC: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Saha Pathanapibul 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.


Saha Pathanapibul PCL Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Saha Pathanapibul PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:SPC
81GF Score
Saha Pathanapibul PCL BKK:SPC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Saha Pathanapibul 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.

Saha Pathanapibul 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 )
=(33299.056-9657.834)/37883.827
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=38609.231 - 5310.175
=33299.056

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9689.078 - 0 - 31.244
=9657.834

Saha Pathanapibul 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 )
=(33665.796-9017.519)/38609.231
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=38914.759 - 5248.963
=33665.796

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9048.863 - 0 - 31.344
=9017.519

* 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 0.64 mean?
Saha Pathanapibul PCL (BKK:SPC) has a Scaled Net Operating Assets of 0.64 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 Saha Pathanapibul PCL and its competitors.
Is Saha Pathanapibul PCL's Scaled Net Operating Assets too high?
Saha Pathanapibul PCL's current Scaled Net Operating Assets is 0.64. Overall, Saha Pathanapibul PCL has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saha Pathanapibul PCL's Scaled Net Operating Assets compare to SYY and USFD?
Saha Pathanapibul PCL's Scaled Net Operating Assets of 0.64 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Saha Pathanapibul PCL and its competitors. Saha Pathanapibul PCL's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saha Pathanapibul PCL stock overvalued right now?
Based on GuruFocus' analysis, Saha Pathanapibul PCL (BKK:SPC) is currently considered Fairly Valued. The stock's GF Value™ is ฿60.56, compared to a current price of ฿55.50 — trading 8.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Saha Pathanapibul PCL's overall GF Score™ is 81/100 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 Saha Pathanapibul PCL (BKK:SPC), the current Scaled Net Operating Assets is 0.64 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 Saha Pathanapibul PCL (BKK:SPC) Overvalued in 2026?

Based on GuruFocus' analysis, Saha Pathanapibul PCL stock appears to be undervalued. The current stock price of ฿55.50 is trading 8.4% below its estimated GF Value™ of ฿60.56. GuruFocus considers Saha Pathanapibul PCL to be Fairly Valued.

Key valuation signals for BKK:SPC:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: ฿60.56 vs. price of ฿55.50 (8.4% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Saha Pathanapibul PCL Business Description

Address 2156 New Petchburi Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
Saha Pathanapibul PCL is a Thailand-based company, engaged in the business of consumer goods distribution and property development. In addition, the company along with its subsidiaries is also involved in the business of investing in real estate and services, and office building for rent. The company operates in two reportable segments as follows: Sales of consumer products; and Office building for rent. It generates the majority of the revenue from the sales of consumer products segment. It distributes products range which includes food, beverages, household, and personal care products. The group operates its business activities in Thailand and internationally.
81GF Score

Get the complete analysis for BKK:SPC

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

฿55.50
Price
฿60.56
GF Value