Thaire Life Assurance PCL (BKK:THREL) Scaled Net Operating Assets: -0.58 (As of Mar. 2026)


BKK:THREL Thaire Life Assurance PCL BKK:THREL
43 GF Score
Price ฿1.00
GF Value ฿0.99
Valuation Fairly Valued
! 2 Warning Signs
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What is Thaire Life Assurance PCL Scaled Net Operating Assets?

Thaire Life Assurance PCL BKK:THREL 43 Scaled Net Operating Assets is -0.58 as of Mar. 2026. GuruFocus rates BKK:THREL with a GF Score™ of 43/100 and a GF Value™ of ฿0.99 (Fairly Valued). The stock has 2 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.

Thaire Life Assurance PCL's operating assets for the quarter that ended in Mar. 2026 was ฿582 Mil. Thaire Life Assurance PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿1,948 Mil. Thaire Life Assurance PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿2,372 Mil. Therefore, Thaire Life Assurance PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.58.

BKK:THREL
43GF Score
Thaire Life Assurance PCL BKK:THREL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thaire Life Assurance 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.

Thaire Life Assurance 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 )
=(2340.732-1864.653)/2795.438
=0.17

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2371.562 - 30.83
=2340.732

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1870.933 - 1.995 - 4.285
=1864.653

Thaire Life Assurance 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 )
=(582.079-1948.249)/2371.562
=-0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2403.833 - 1821.754
=582.079

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1953.477 - 5.228 - 0
=1948.249

* 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 -0.58 mean?
Thaire Life Assurance PCL (BKK:THREL) has a Scaled Net Operating Assets of -0.58 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 Thaire Life Assurance PCL and its competitors.
Is Thaire Life Assurance PCL's Scaled Net Operating Assets too high?
Thaire Life Assurance PCL's current Scaled Net Operating Assets is -0.58. Overall, Thaire Life Assurance PCL has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thaire Life Assurance PCL's Scaled Net Operating Assets compare to RGA and EG?
Thaire Life Assurance PCL's Scaled Net Operating Assets of -0.58 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Thaire Life Assurance PCL and its competitors. Thaire Life Assurance PCL's current Scaled Net Operating Assets is -0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaire Life Assurance PCL stock overvalued right now?
Based on GuruFocus' analysis, Thaire Life Assurance PCL (BKK:THREL) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.99, compared to a current price of ฿1.00 — trading 1% above its estimated fair value. The current Scaled Net Operating Assets is -0.58. Thaire Life Assurance PCL's overall GF Score™ is 43/100 with 2 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 Thaire Life Assurance PCL (BKK:THREL), the current Scaled Net Operating Assets is -0.58 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 Thaire Life Assurance PCL (BKK:THREL) Overvalued in 2026?

Based on GuruFocus' analysis, Thaire Life Assurance PCL stock appears to be overvalued. The current stock price of ฿1.00 is trading 1% above its estimated GF Value™ of ฿0.99. GuruFocus considers Thaire Life Assurance PCL to be Fairly Valued.

Key valuation signals for BKK:THREL:

  • Scaled Net Operating Assets: -0.58
  • GF Value™: ฿0.99 vs. price of ฿1.00 (1% above fair value)
  • GF Score™: 43/100 with 2 warning signs

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

Thaire Life Assurance PCL Business Description

Address North Sathorn Road, No. 92/7 Sathorn Thani 2 Building, 6th Floor, Silom Sub-district, Bang Rak District, Bangkok, THA, 10500
Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance services such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refers to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.
43GF Score

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

฿1.00
Price
฿0.99
GF Value