Vanachai Group PCL (BKK:VNG) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)

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BKK:VNG Vanachai Group PCL BKK:VNG
68 GF Score
Price ฿2.16
GF Value ฿2.66
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Vanachai Group PCL Scaled Net Operating Assets?

Vanachai Group PCL BKK:VNG 68 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates BKK:VNG with a GF Score™ of 68/100 and a GF Value™ of ฿2.66 (Modestly Undervalued). 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.

Vanachai Group PCL's operating assets for the quarter that ended in Mar. 2026 was ฿17,858 Mil. Vanachai Group PCL's operating liabilities for the quarter that ended in Mar. 2026 was ฿2,289 Mil. Vanachai Group PCL's Total Assets for the quarter that ended in Dec. 2025 was ฿18,439 Mil. Therefore, Vanachai Group PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.


Vanachai Group PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Vanachai Group 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.

Vanachai Group PCL Scaled Net Operating Assets Chart

Vanachai Group 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 0.86 0.81 0.77 0.78 0.87

Vanachai Group 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 0.81 0.84 0.88 0.87 0.84

BKK:VNG vs SSD, UFPI, BCC: Scaled Net Operating Assets Comparison

For the Lumber & Wood Production subindustry, Vanachai Group 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.


Vanachai Group PCL Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Scaled Net Operating Assets distribution charts can be found below:

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


BKK:VNG
68GF Score
Vanachai Group PCL BKK:VNG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vanachai Group 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.

Vanachai Group 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 )
=(17850.008-2222.932)/17995.478
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18438.794 - 588.786
=17850.008

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11713.229 - 5029.406 - 4460.891
=2222.932

Vanachai Group 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 )
=(17857.608-2288.955)/18438.794
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18417.62 - 560.012
=17857.608

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11940.747 - 5175.341 - 4476.451
=2288.955

* 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 0.84 mean?
Vanachai Group PCL (BKK:VNG) has a Scaled Net Operating Assets of 0.84 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 Vanachai Group PCL and its competitors.
Is Vanachai Group PCL's Scaled Net Operating Assets too high?
Vanachai Group PCL's current Scaled Net Operating Assets is 0.84. Overall, Vanachai Group PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's Scaled Net Operating Assets compare to SSD and UFPI?
Vanachai Group PCL's Scaled Net Operating Assets of 0.84 can be compared against companies in the Forest Products 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 Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products 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 Vanachai Group PCL and its competitors. Vanachai Group PCL's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Vanachai Group PCL (BKK:VNG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.66, compared to a current price of ฿2.16 — trading 18.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. Vanachai Group PCL's overall GF Score™ is 68/100 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 Vanachai Group PCL (BKK:VNG), the current Scaled Net Operating Assets is 0.84 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 Vanachai Group PCL (BKK:VNG) Overvalued in 2026?

Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued. The current stock price of ฿2.16 is trading 18.8% below its estimated GF Value™ of ฿2.66. GuruFocus considers Vanachai Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:VNG:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: ฿2.66 vs. price of ฿2.16 (18.8% below fair value)
  • GF Score™: 68/100 with 7 warning signs

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


Vanachai Group PCL Business Description

Address 2/1 Wongsawang Road, Wongsawang, Bangsue District, Bangkok, THA, 10800
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
68GF Score

Get the complete analysis for BKK:VNG

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

฿2.16
Price
฿2.66
GF Value