Trc Construction PCL (BKK:TRC) Scaled Net Operating Assets: 0.29 (As of Mar. 2026)

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BKK:TRC Trc Construction PCL BKK:TRC
28 GF Score
Price ฿0.57
GF Value ฿0.32
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Trc Construction PCL Scaled Net Operating Assets?

Trc Construction PCL BKK:TRC +1.79% 28 Scaled Net Operating Assets is 0.29 as of Mar. 2026. GuruFocus rates BKK:TRC with a GF Score™ of 28/100 and a GF Value™ of ฿0.32 (Significantly Overvalued). 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.

Trc Construction PCL's operating assets for the quarter that ended in Mar. 2026 was ฿3,157.6 Mil. Trc Construction PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿2,192.7 Mil. Trc Construction PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿3,321.2 Mil. Therefore, Trc Construction PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.29.


Trc Construction PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Trc Construction 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.

Trc Construction PCL Scaled Net Operating Assets Chart

Trc Construction 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 0.31 0.32 0.22 0.23 0.26

Trc Construction 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 0.27 0.32 0.29 0.26 0.29

BKK:TRC vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Trc Construction 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.


Trc Construction PCL Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Trc Construction PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:TRC
28GF Score
Trc Construction PCL BKK:TRC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Trc Construction 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.

Trc Construction 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 )
=(3275.24-2326.19)/3711.598
=0.26

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3321.184 - 45.944
=3275.24

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3383.371 - 70.545 - 986.636
=2326.19

Trc Construction 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 )
=(3157.571-2192.723)/3321.184
=0.29

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3175.784 - 18.213
=3157.571

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3209.532 - 137.068 - 879.741
=2192.723

* 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 0.29 mean?
Trc Construction PCL (BKK:TRC) has a Scaled Net Operating Assets of 0.29 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 Trc Construction PCL and its competitors.
Is Trc Construction PCL's Scaled Net Operating Assets too high?
Trc Construction PCL's current Scaled Net Operating Assets is 0.29. Overall, Trc Construction PCL has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trc Construction PCL's Scaled Net Operating Assets compare to PWR and FIX?
Trc Construction PCL's Scaled Net Operating Assets of 0.29 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Trc Construction PCL and its competitors. Trc Construction PCL's current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trc Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Trc Construction PCL (BKK:TRC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.57 — trading 78.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.29. Trc Construction PCL's overall GF Score™ is 28/100 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 Trc Construction PCL (BKK:TRC), the current Scaled Net Operating Assets is 0.29 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 Trc Construction PCL (BKK:TRC) Overvalued in 2026?

Based on GuruFocus' analysis, Trc Construction PCL stock appears to be overvalued. The current stock price of ฿0.57 is trading 78.1% above its estimated GF Value™ of ฿0.32. GuruFocus considers Trc Construction PCL to be Significantly Overvalued.

Key valuation signals for BKK:TRC:

  • Scaled Net Operating Assets: 0.29
  • GF Value™: ฿0.32 vs. price of ฿0.57 (78.1% above fair value)
  • GF Score™: 28/100 with 6 warning signs

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


Trc Construction PCL Business Description

Address Number 8, Soi Sukhapiban 5 soi 32, Kwang Tha Raeng, Khet Bang Khen, Bangkok, THA, 10220
Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. The Group is organized into business units based on its products and services and have four reportable segments as follows: Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. The Civil Work Segment derives maximum revenue. Geographically, it operates only in Thailand.
28GF Score

Get the complete analysis for BKK:TRC

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

฿0.57
Price
฿0.32
GF Value