Bangkok Expressway and Metro PCL (FRA:B4X) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


FRA:B4X Bangkok Expressway and Metro PCL FRA:B4X
83 GF Score
Price €0.14
GF Value €0.19
! 9 Warning Signs
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What is Bangkok Expressway and Metro PCL Scaled Net Operating Assets?

Bangkok Expressway and Metro PCL FRA:B4X -1.38% 83 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates FRA:B4X with a GF Score™ of 83/100 and a GF Value™ of €0.19. The stock has 9 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.

Bangkok Expressway and Metro PCL's operating assets for the quarter that ended in Mar. 2026 was €4,461.7 Mil. Bangkok Expressway and Metro PCL's operating liabilities for the quarter that ended in Mar. 2026 was €278.3 Mil. Bangkok Expressway and Metro PCL's Total Assets for the quarter that ended in Dec. 2025 was €4,341.3 Mil. Therefore, Bangkok Expressway and Metro PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.


Bangkok Expressway and Metro PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bangkok Expressway and Metro 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.

Bangkok Expressway and Metro PCL Scaled Net Operating Assets Chart

Bangkok Expressway and Metro 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 0.91 0.94 0.88 1.15 1.07

Bangkok Expressway and Metro 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 0.92 0.94 0.97 0.99 0.96

FRA:B4X vs UNP, CSX, NSC: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Bangkok Expressway and Metro 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.


Bangkok Expressway and Metro PCL Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Expressway and Metro PCL's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bangkok Expressway and Metro PCL's Scaled Net Operating Assets falls into.


FRA:B4X
83GF Score
Bangkok Expressway and Metro PCL FRA:B4X
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Expressway and Metro 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.

Bangkok Expressway and Metro 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 )
=(4278.333-299.637)/3713.697
=1.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4341.28 - 62.947
=4278.333

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3340.462 - 2051.86 - 988.965
=299.637

Bangkok Expressway and Metro 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 )
=(4461.684-278.331)/4341.28
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4582.887 - 121.203
=4461.684

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3565.912 - 2380.596 - 906.985
=278.331

* 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 0.96 mean?
Bangkok Expressway and Metro PCL (FRA:B4X) has a Scaled Net Operating Assets of 0.96 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 Bangkok Expressway and Metro PCL and its competitors.
Is Bangkok Expressway and Metro PCL's Scaled Net Operating Assets too high?
Bangkok Expressway and Metro PCL's current Scaled Net Operating Assets is 0.96. Overall, Bangkok Expressway and Metro PCL has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Bangkok Expressway and Metro PCL's Scaled Net Operating Assets compare to UNP and CSX?
Bangkok Expressway and Metro PCL's Scaled Net Operating Assets of 0.96 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Bangkok Expressway and Metro PCL and its competitors. Bangkok Expressway and Metro PCL's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Expressway and Metro PCL stock overvalued right now?
Bangkok Expressway and Metro PCL (FRA:B4X) has a current Scaled Net Operating Assets of 0.96. The stock's GF Value™ is €0.19, compared to a current price of €0.14 — trading 24.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Bangkok Expressway and Metro PCL's overall GF Score™ is 83/100 with 9 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 Bangkok Expressway and Metro PCL (FRA:B4X), the current Scaled Net Operating Assets is 0.96 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 Bangkok Expressway and Metro PCL (FRA:B4X) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Expressway and Metro PCL stock appears to be undervalued. The current stock price of €0.14 is trading 24.7% below its estimated GF Value™ of €0.19.

Key valuation signals for FRA:B4X:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: €0.19 vs. price of €0.14 (24.7% below fair value)
  • GF Score™: 83/100 with 9 warning signs

No single metric tells the full story. See the FRA:B4X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bangkok Expressway and Metro PCL Business Description

Other Exchanges BEM-F:ThailandBEM:Thailand
Address 587 Sutthisarn Road, Ratchacaphisek Subdistrict, Dindaeng District, Bangkok, THA, 10310
Bangkok Expressway and Metro PCL and its subsidiaries are engaged in the construction and management of expressways and the operation of metro lines and commercial development in Thailand. Along with the operation of the Metro Blue Line, the company also handles the advertising and telecommunications maintenance in the trains and stations. Its segments include the Expressway business segment; Rail business segment; Commercial development business segment; and Other segments. The maximum revenue is derived from the Expressway business segment.
83GF Score

Get the complete analysis for FRA:B4X

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

€0.14
Price
€0.19
GF Value