Thantawan Industry PCL (BKK:THIP-R) Scaled Net Operating Assets: 0.55 (As of Mar. 2026)


BKK:THIP-R Thantawan Industry PCL BKK:THIP-R
72 GF Score
Price ฿23.00
GF Value ฿36.74
! 6 Warning Signs
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What is Thantawan Industry PCL Scaled Net Operating Assets?

Thantawan Industry PCL BKK:THIP-R 72 Scaled Net Operating Assets is 0.55 as of Mar. 2026. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. 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.

Thantawan Industry PCL's operating assets for the quarter that ended in Mar. 2026 was ฿3,152 Mil. Thantawan Industry PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿767 Mil. Thantawan Industry PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿4,355 Mil. Therefore, Thantawan Industry PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.55.


Thantawan Industry PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Thantawan Industry 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.

Thantawan Industry PCL Scaled Net Operating Assets Chart

Thantawan Industry 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 0.77 0.73 0.48 0.71 0.60

Thantawan Industry 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 0.61 0.58 0.54 0.54 0.55

BKK:THIP-R vs SW, PKG, AMCR: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Thantawan Industry 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.


Thantawan Industry PCL Scaled Net Operating Assets vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:THIP-R
72GF Score
Thantawan Industry PCL BKK:THIP-R
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thantawan Industry 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.

Thantawan Industry 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 )
=(3140.116-875.562)/3764.773
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4354.91 - 1214.794
=3140.116

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1549.424 - 387.983 - 285.879
=875.562

Thantawan Industry 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 )
=(3152.14-766.942)/4354.91
=0.55

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4171.643 - 1019.503
=3152.14

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1336.219 - 392 - 177.277
=766.942

* 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 0.55 mean?
Thantawan Industry PCL (BKK:THIP-R) has a Scaled Net Operating Assets of 0.55 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 Thantawan Industry PCL and its competitors.
Is Thantawan Industry PCL's Scaled Net Operating Assets too high?
Thantawan Industry PCL's current Scaled Net Operating Assets is 0.55. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Scaled Net Operating Assets compare to SW and PKG?
Thantawan Industry PCL's Scaled Net Operating Assets of 0.55 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Scaled Net Operating Assets depends on the Packaging & Containers 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 Thantawan Industry PCL and its competitors. Thantawan Industry PCL's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Scaled Net Operating Assets of 0.55. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.55. Thantawan Industry PCL's overall GF Score™ is 72/100 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 Thantawan Industry PCL (BKK:THIP-R), the current Scaled Net Operating Assets is 0.55 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.

Key valuation signals for BKK:THIP-R:

  • Scaled Net Operating Assets: 0.55
  • GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Thantawan Industry PCL Business Description

Other Exchanges THIP:Thailand
Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score

Get the complete analysis for BKK:THIP-R

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

฿23.00
Price
฿36.74
GF Value