TTCL PCL (BKK:TTCL) Scaled Net Operating Assets: -0.16 (As of Mar. 2026)

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What is TTCL PCL Scaled Net Operating Assets?

TTCL PCL BKK:TTCL Scaled Net Operating Assets is -0.16 as of Mar. 2026. 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.

TTCL PCL's operating assets for the quarter that ended in Mar. 2026 was ฿9,044 Mil. TTCL PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿10,910 Mil. TTCL PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿11,481 Mil. Therefore, TTCL PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.16.

TTCL PCL Scaled Net Operating Assets Historical Data

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The historical data trend for TTCL 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.

TTCL PCL Scaled Net Operating Assets Chart

TTCL 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 0.38 0.21 0.25 0.21 -0.09

TTCL 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 0.22 0.17 0.03 -0.13 -0.16

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

For the Engineering & Construction subindustry, TTCL 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.

TTCL PCL Scaled Net Operating Assets vs Construction Industry

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

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


TTCL 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.

TTCL 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 )
=(9360.434-11007.761)/19080.027
=-0.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11480.959 - 2120.525
=9360.434

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15175.461 - 178.876 - 3988.824
=11007.761

TTCL 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 )
=(9043.655-10910.488)/11480.959
=-0.16

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11355.424 - 2311.769
=9043.655

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15070.549 - 168.74 - 3991.321
=10910.488

* 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 -0.16 mean?
TTCL PCL (BKK:TTCL) has a Scaled Net Operating Assets of -0.16 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 TTCL PCL and its competitors.
Is TTCL PCL's Scaled Net Operating Assets too high?
TTCL PCL's current Scaled Net Operating Assets is -0.16.
How does TTCL PCL's Scaled Net Operating Assets compare to PWR and FIX?
TTCL PCL's Scaled Net Operating Assets of -0.16 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 TTCL PCL and its competitors. TTCL PCL's current Scaled Net Operating Assets is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTCL PCL stock overvalued right now?
Based on GuruFocus' analysis, TTCL PCL (BKK:TTCL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.75, compared to a current price of ฿0.08 — trading 89.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.16. 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 TTCL PCL (BKK:TTCL), the current Scaled Net Operating Assets is -0.16 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.

TTCL PCL Business Description

Address Soi Sukhumvit 21, Asoke Road, 159 Sermmit Tower, 27th-30th Floor, Klong-Toeynua, Wattana, Bangkok, THA, 10110
TTCL PCL is an integrated Engineering, Procurement, and Construction company in Thailand. The principal business operations of the Group are engineering services, including design, procurement, and construction for integrated industrial factories, energy business, manufacturing and distribution of white pallets, and Torrefaction Technology License Provider. The company has two operating business segments: Engineering and Construction. Geographically, the company operates in Thailand, Myanmar, Japan, and Vietnam.