Thai Agro Energy PCL (BKK:TAE) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)

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BKK:TAE Thai Agro Energy PCL BKK:TAE
43 GF Score
Price ฿1.66
GF Value ฿0.72
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Thai Agro Energy PCL Scaled Net Operating Assets?

Thai Agro Energy PCL BKK:TAE -1.19% 43 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates BKK:TAE with a GF Score™ of 43/100 and a GF Value™ of ฿0.72 (Significantly Overvalued). The stock has 6 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.

Thai Agro Energy PCL's operating assets for the quarter that ended in Mar. 2026 was ฿2,807 Mil. Thai Agro Energy PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿142 Mil. Thai Agro Energy PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿2,876 Mil. Therefore, Thai Agro Energy PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.


Thai Agro Energy PCL Scaled Net Operating Assets Historical Data

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The historical data trend for Thai Agro Energy 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.

Thai Agro Energy PCL Scaled Net Operating Assets Chart

Thai Agro Energy 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 0.97 1.03 0.81 0.90 0.95

Thai Agro Energy 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 0.95 0.92 0.94 0.99 0.93

BKK:TAE vs DOW: Scaled Net Operating Assets Comparison

For the Chemicals subindustry, Thai Agro Energy 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.


Thai Agro Energy PCL Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thai Agro Energy PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:TAE
43GF Score
Thai Agro Energy PCL BKK:TAE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Agro Energy 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.

Thai Agro Energy 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 )
=(2845.53-82.959)/2900.681
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2875.545 - 30.015
=2845.53

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1212.108 - 17.363 - 1111.786
=82.959

Thai Agro Energy 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 )
=(2807.219-142.269)/2875.545
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2828.09 - 20.871
=2807.219

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1038.97 - 16.419 - 880.282
=142.269

* 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 0.93 mean?
Thai Agro Energy PCL (BKK:TAE) has a Scaled Net Operating Assets of 0.93 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 Thai Agro Energy PCL and its competitors.
Is Thai Agro Energy PCL's Scaled Net Operating Assets too high?
Thai Agro Energy PCL's current Scaled Net Operating Assets is 0.93. Overall, Thai Agro Energy PCL has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Agro Energy PCL's Scaled Net Operating Assets compare to DOW?
Thai Agro Energy PCL's Scaled Net Operating Assets of 0.93 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Thai Agro Energy PCL and its competitors. Thai Agro Energy PCL's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Agro Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Agro Energy PCL (BKK:TAE) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.72, compared to a current price of ฿1.66 — trading 130.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.93. Thai Agro Energy PCL's overall GF Score™ is 43/100 with 6 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 Thai Agro Energy PCL (BKK:TAE), the current Scaled Net Operating Assets is 0.93 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 Thai Agro Energy PCL (BKK:TAE) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Agro Energy PCL stock appears to be overvalued. The current stock price of ฿1.66 is trading 130.6% above its estimated GF Value™ of ฿0.72. GuruFocus considers Thai Agro Energy PCL to be Significantly Overvalued.

Key valuation signals for BKK:TAE:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: ฿0.72 vs. price of ฿1.66 (130.6% above fair value)
  • GF Score™: 43/100 with 6 warning signs

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


Thai Agro Energy PCL Business Description

Address Ploenchit Road, 888/114, Mahatun Plaza Building, 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Thai Agro Energy PCL is an ethanol producer. The company is engaged in the production and distribution of ethanol out of its Thailand-based plants located across multiple states. It sells ethanol to various oil companies as an additive for gasohol production while generating majority of its revenues from the Thailand market. The company has two reportable segments, which consist of ethanol segment and soil conditioner segment. It derives maximum revenue from Ethanol segment. Geographically, the company operates in Thailand, India, and China.
43GF Score

Get the complete analysis for BKK:TAE

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

฿1.66
Price
฿0.72
GF Value