TCM PCL (BKK:TCMC) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


BKK:TCMC TCM Corp PCL BKK:TCMC
29 GF Score
Price ฿0.30
GF Value ฿0.45
Valuation Possible Value Trap
! 6 Warning Signs
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What is TCM PCL Scaled Net Operating Assets?

TCM PCL BKK:TCMC -3.23% 29 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates BKK:TCMC with a GF Score™ of 29/100 and a GF Value™ of ฿0.45 (Possible Value Trap). 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.

TCM PCL's operating assets for the quarter that ended in Mar. 2026 was ฿4,846 Mil. TCM PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿1,406 Mil. TCM PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿5,189 Mil. Therefore, TCM PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.

TCM PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for TCM 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.

TCM PCL Scaled Net Operating Assets Chart

TCM 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 0.65 0.66 0.59 0.53

TCM 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 0.69 0.67 0.57 0.65 0.66

BKK:TCMC vs AIN: Scaled Net Operating Assets Comparison

For the Textile Manufacturing subindustry, TCM 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.

TCM PCL Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TCM PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:TCMC
29GF Score
TCM Corp PCL BKK:TCMC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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TCM 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.

TCM 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 )
=(4734.582-1211.691)/6632.378
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5188.515 - 453.933
=4734.582

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4339.203 - 2338.395 - 789.117
=1211.691

TCM 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 )
=(4845.891-1406.379)/5188.515
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5204.161 - 358.27
=4845.891

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4452.856 - 2742.609 - 303.868
=1406.379

* 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 0.66 mean?
TCM PCL (BKK:TCMC) has a Scaled Net Operating Assets of 0.66 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 TCM PCL and its competitors.
Is TCM PCL's Scaled Net Operating Assets too high?
TCM PCL's current Scaled Net Operating Assets is 0.66. Overall, TCM PCL has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCM PCL's Scaled Net Operating Assets compare to AIN?
TCM PCL's Scaled Net Operating Assets of 0.66 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 TCM PCL and its competitors. TCM PCL's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM PCL stock overvalued right now?
Based on GuruFocus' analysis, TCM PCL (BKK:TCMC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.45, compared to a current price of ฿0.30 — trading 33.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. TCM PCL's overall GF Score™ is 29/100 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 TCM PCL (BKK:TCMC), the current Scaled Net Operating Assets is 0.66 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 TCM PCL (BKK:TCMC) Overvalued in 2026?

Based on GuruFocus' analysis, TCM PCL stock appears to be undervalued. The current stock price of ฿0.30 is trading 33.3% below its estimated GF Value™ of ฿0.45. GuruFocus considers TCM PCL to be Possible Value Trap.

Key valuation signals for BKK:TCMC:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: ฿0.45 vs. price of ฿0.30 (33.3% below fair value)
  • GF Score™: 29/100 with 6 warning signs

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

TCM PCL Business Description

Address 2054 New Petchaburi Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
TCM Corp PCL is a Thailand-based manufacturer, distributor, and seller of various types of rugs and carpets. The company operates through three segments, The Surface segment includes hand-woven and machine-woven carpet for indoor decoration including the flooring materials; the Living segment consisting sofa chairs for interior decoration, and the Automotive segment comprises carpet for the floors inside vehicles, vehicles upholstery fabrics. The company derives maximum revenue from the Surface Segment. It has a business presence in Thailand, United Kingdom, and other countries.
29GF Score

Get the complete analysis for BKK:TCMC

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

฿0.30
Price
฿0.45
GF Value