Thai Plaspac PCL (BKK:TPAC) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


BKK:TPAC Thai Plaspac PCL BKK:TPAC
89 GF Score
Price ฿8.95
GF Value ฿10.39
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Thai Plaspac PCL Scaled Net Operating Assets?

Thai Plaspac PCL BKK:TPAC +0.56% 89 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates BKK:TPAC with a GF Score™ of 89/100 and a GF Value™ of ฿10.39 (Modestly Undervalued). 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.

Thai Plaspac PCL's operating assets for the quarter that ended in Mar. 2026 was ฿7,294 Mil. Thai Plaspac PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿1,375 Mil. Thai Plaspac PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿7,328 Mil. Therefore, Thai Plaspac PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


Thai Plaspac PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Thai Plaspac 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 Plaspac PCL Scaled Net Operating Assets Chart

Thai Plaspac 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 1.12 0.78 0.77 0.81 0.76

Thai Plaspac 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 0.80 0.78 0.79 0.82 0.81

BKK:TPAC vs SW, PKG, IP: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Thai Plaspac 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 Plaspac PCL Scaled Net Operating Assets vs Packaging & Containers Industry

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

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


BKK:TPAC
89GF Score
Thai Plaspac PCL BKK:TPAC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Plaspac 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 Plaspac 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 )
=(7027.411-1222.856)/7609.274
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7327.918 - 300.507
=7027.411

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4321.862 - 1157.568 - 1941.438
=1222.856

Thai Plaspac 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 )
=(7293.746-1375.454)/7327.918
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7572.652 - 278.906
=7293.746

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4372.751 - 1059.533 - 1937.764
=1375.454

* 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 0.81 mean?
Thai Plaspac PCL (BKK:TPAC) has a Scaled Net Operating Assets of 0.81 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 Plaspac PCL and its competitors.
Is Thai Plaspac PCL's Scaled Net Operating Assets too high?
Thai Plaspac PCL's current Scaled Net Operating Assets is 0.81. Overall, Thai Plaspac PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Plaspac PCL's Scaled Net Operating Assets compare to SW and PKG?
Thai Plaspac PCL's Scaled Net Operating Assets of 0.81 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 Thai Plaspac PCL and its competitors. Thai Plaspac PCL's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plaspac PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plaspac PCL (BKK:TPAC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.39, compared to a current price of ฿8.95 — trading 13.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Thai Plaspac PCL's overall GF Score™ is 89/100 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 Thai Plaspac PCL (BKK:TPAC), the current Scaled Net Operating Assets is 0.81 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 Plaspac PCL (BKK:TPAC) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Plaspac PCL stock appears to be undervalued. The current stock price of ฿8.95 is trading 13.9% below its estimated GF Value™ of ฿10.39. GuruFocus considers Thai Plaspac PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPAC:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: ฿10.39 vs. price of ฿8.95 (13.9% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


Thai Plaspac PCL Business Description

Address Bang Khun Thian-Chay Thalae Road, 77 Soi Thian Thalae 30, Thakham, Bang Khun Thian, Bangkok, THA, 10150
Thai Plaspac PCL is a Thailand-based company that operates in the plastic packaging business. The activity of the group includes the manufacturing and distribution of plastic packaging materials. It offers a wide range of manufacturing capabilities, ranging from packaging design, injection-molding, blow-molding, injection/blow molding in-line inspections, and quality assurance. It serves food, daily products, consumer-household, and other sectors. Geographically, the firm has a business presence in Thailand and Other overseas countries.
89GF Score

Get the complete analysis for BKK:TPAC

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

฿8.95
Price
฿10.39
GF Value