The Practical Solution PCL (BKK:TPS) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


BKK:TPS The Practical Solution PCL BKK:TPS
89 GF Score
Price ฿3.16
GF Value ฿3.15
Valuation Fairly Valued
! 7 Warning Signs
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What is The Practical Solution PCL Scaled Net Operating Assets?

The Practical Solution PCL BKK:TPS -0.63% 89 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates BKK:TPS with a GF Score™ of 89/100 and a GF Value™ of ฿3.15 (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.

The Practical Solution PCL's operating assets for the quarter that ended in Mar. 2026 was ฿1,437 Mil. The Practical Solution PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿670 Mil. The Practical Solution PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿1,441 Mil. Therefore, The Practical Solution PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.


The Practical Solution PCL Scaled Net Operating Assets Historical Data

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The historical data trend for The Practical Solution 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.

The Practical Solution PCL Scaled Net Operating Assets Chart

The Practical Solution 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 0.44 0.66 0.64 0.59 0.49

The Practical Solution 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 0.48 0.51 0.46 0.51 0.53

BKK:TPS vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, The Practical Solution 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.


The Practical Solution PCL Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, The Practical Solution PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:TPS
89GF Score
The Practical Solution PCL BKK:TPS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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The Practical Solution 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.

The Practical Solution 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 )
=(1257.585-632.911)/1275.323
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1441.399 - 183.814
=1257.585

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=716.103 - 19.336 - 63.856
=632.911

The Practical Solution 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 )
=(1436.745-670.494)/1441.399
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1486.278 - 49.533
=1436.745

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=743.618 - 14.244 - 58.88
=670.494

* 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 0.53 mean?
The Practical Solution PCL (BKK:TPS) has a Scaled Net Operating Assets of 0.53 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 The Practical Solution PCL and its competitors.
Is The Practical Solution PCL's Scaled Net Operating Assets too high?
The Practical Solution PCL's current Scaled Net Operating Assets is 0.53. Overall, The Practical Solution PCL has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Practical Solution PCL's Scaled Net Operating Assets compare to IBM and ACN?
The Practical Solution PCL's Scaled Net Operating Assets of 0.53 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 The Practical Solution PCL and its competitors. The Practical Solution PCL's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Practical Solution PCL stock overvalued right now?
Based on GuruFocus' analysis, The Practical Solution PCL (BKK:TPS) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.15, compared to a current price of ฿3.16 — trading 0.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. The Practical Solution PCL's overall GF Score™ is 89/100 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 The Practical Solution PCL (BKK:TPS), the current Scaled Net Operating Assets is 0.53 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 The Practical Solution PCL (BKK:TPS) Overvalued in 2026?

Based on GuruFocus' analysis, The Practical Solution PCL stock appears to be overvalued. The current stock price of ฿3.16 is trading 0.3% above its estimated GF Value™ of ฿3.15. GuruFocus considers The Practical Solution PCL to be Fairly Valued.

Key valuation signals for BKK:TPS:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: ฿3.15 vs. price of ฿3.16 (0.3% above fair value)
  • GF Score™: 89/100 with 7 warning signs

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


The Practical Solution PCL Business Description

Address Rachadapisek Road, No. 99 Soi Cement Thai, Lat Yao Subdistrict, Chatuchak District, Bangkok, THA, 10900
The Practical Solution PCL is engaged in the distribution and installation of computer network systems, fully integrated communication systems, wireless communication systems, network security systems, data center solutions and management systems, and network system management, including providing maintenance services related to such systems. The firm operates in the segments of Sales including installment, Maintenance services, Construction, and Others. The majority of revenue is from sales including installment segment. Geographically, it operates in Thailand only.
89GF Score

Get the complete analysis for BKK:TPS

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

฿3.16
Price
฿3.15
GF Value