Thaicom PCL (BKK:THCOM) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


BKK:THCOM Thaicom PCL BKK:THCOM
78 GF Score
Price ฿10.60
GF Value ฿11.68
Valuation Fairly Valued
! 7 Warning Signs
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What is Thaicom PCL Scaled Net Operating Assets?

Thaicom PCL BKK:THCOM -1.85% 78 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates BKK:THCOM with a GF Score™ of 78/100 and a GF Value™ of ฿11.68 (Fairly Valued). The stock has 7 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.

Thaicom PCL's operating assets for the quarter that ended in Mar. 2026 was ฿13,618 Mil. Thaicom PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿2,594 Mil. Thaicom PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿17,332 Mil. Therefore, Thaicom PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.


Thaicom PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Thaicom 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.

Thaicom PCL Scaled Net Operating Assets Chart

Thaicom 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 0.54 0.45 0.50 0.61 0.68

Thaicom 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 0.58 0.56 0.62 0.62 0.64

BKK:THCOM vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Thaicom 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.


Thaicom PCL Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Thaicom PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:THCOM
78GF Score
Thaicom PCL BKK:THCOM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thaicom 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.

Thaicom 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 )
=(13903.046-3627.64)/15167.996
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17331.924 - 3428.878
=13903.046

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7245.38 - 1292.822 - 2324.918
=3627.64

Thaicom 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 )
=(13617.888-2593.519)/17331.924
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16520.655 - 2902.767
=13617.888

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5890.521 - 1279.237 - 2017.765
=2593.519

* 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?
Thaicom PCL (BKK:THCOM) 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 Thaicom PCL and its competitors.
Is Thaicom PCL's Scaled Net Operating Assets too high?
Thaicom PCL's current Scaled Net Operating Assets is 0.64. Overall, Thaicom PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thaicom PCL's Scaled Net Operating Assets compare to TMUS and VZ?
Thaicom PCL's Scaled Net Operating Assets of 0.64 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Thaicom PCL and its competitors. Thaicom 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 Thaicom PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaicom PCL (BKK:THCOM) is currently considered Fairly Valued. The stock's GF Value™ is ฿11.68, compared to a current price of ฿10.60 — trading 9.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Thaicom PCL's overall GF Score™ is 78/100 with 7 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 Thaicom PCL (BKK:THCOM), 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 Thaicom PCL (BKK:THCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Thaicom PCL stock appears to be undervalued. The current stock price of ฿10.60 is trading 9.2% below its estimated GF Value™ of ฿11.68. GuruFocus considers Thaicom PCL to be Fairly Valued.

Key valuation signals for BKK:THCOM:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: ฿11.68 vs. price of ฿10.60 (9.2% below fair value)
  • GF Score™: 78/100 with 7 warning signs

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


Thaicom PCL Business Description

Address All Seasons Place, Wireless Road, 87/1 Capital Tower, 23rd Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others.
78GF Score

Get the complete analysis for BKK:THCOM

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

฿10.60
Price
฿11.68
GF Value