Sermsang Power PCL (BKK:SSP) Scaled Net Operating Assets: 0.89 (As of Mar. 2026)


BKK:SSP Sermsang Power Corporation PCL BKK:SSP
81 GF Score
Price ฿4.06
GF Value ฿5.84
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Sermsang Power PCL Scaled Net Operating Assets?

Sermsang Power PCL BKK:SSP +1.00% 81 Scaled Net Operating Assets is 0.89 as of Mar. 2026. GuruFocus rates BKK:SSP with a GF Score™ of 81/100 and a GF Value™ of ฿5.84 (Possible Value Trap). The stock has 9 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.

Sermsang Power PCL's operating assets for the quarter that ended in Mar. 2026 was ฿25,671 Mil. Sermsang Power PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿1,732 Mil. Sermsang Power PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿27,004 Mil. Therefore, Sermsang Power PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.89.


Sermsang Power PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sermsang Power 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.

Sermsang Power PCL Scaled Net Operating Assets Chart

Sermsang Power 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 1.01 0.74 0.84 1.03 0.97

Sermsang Power 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 0.89 0.87 0.90 0.94 0.89

Sermsang Power PCL Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Sermsang Power 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.


Sermsang Power PCL Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:SSP
81GF Score
Sermsang Power Corporation PCL BKK:SSP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sermsang Power 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.

Sermsang Power 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 )
=(25499.117-1583.771)/24690.018
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=27003.839 - 1504.722
=25499.117

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19056.503 - 14826.048 - 2646.684
=1583.771

Sermsang Power 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 )
=(25671.307-1732.429)/27003.839
=0.89

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28129.406 - 2458.099
=25671.307

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19675.381 - 15342.382 - 2600.57
=1732.429

* 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 0.89 mean?
Sermsang Power PCL (BKK:SSP) has a Scaled Net Operating Assets of 0.89 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 Sermsang Power PCL and its competitors.
Is Sermsang Power PCL's Scaled Net Operating Assets too high?
Sermsang Power PCL's current Scaled Net Operating Assets is 0.89. Overall, Sermsang Power PCL has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Scaled Net Operating Assets compare to competitors?
Sermsang Power PCL's Scaled Net Operating Assets of 0.89 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Sermsang Power PCL and its competitors. Sermsang Power PCL's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.84, compared to a current price of ฿4.06 — trading 30.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.89. Sermsang Power PCL's overall GF Score™ is 81/100 with 9 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 Sermsang Power PCL (BKK:SSP), the current Scaled Net Operating Assets is 0.89 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?

Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued. The current stock price of ฿4.06 is trading 30.5% below its estimated GF Value™ of ฿5.84. GuruFocus considers Sermsang Power PCL to be Possible Value Trap.

Key valuation signals for BKK:SSP:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: ฿5.84 vs. price of ฿4.06 (30.5% below fair value)
  • GF Score™: 81/100 with 9 warning signs

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


Sermsang Power PCL Business Description

Address 325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
81GF Score

Get the complete analysis for BKK:SSP

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

฿4.06
Price
฿5.84
GF Value