THNVF (Thanachart Capital PCL) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)


THNVF Thanachart Capital PCL THNVF
66 GF Score
Price $1.08
GF Value $0.88
! 7 Warning Signs
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What is Thanachart Capital PCL Scaled Net Operating Assets?

Thanachart Capital PCL THNVF 66 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates THNVF with a GF Score™ of 66/100 and a GF Value™ of $0.88. 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.

Thanachart Capital PCL's operating assets for the quarter that ended in Mar. 2026 was $3,857.9 Mil. Thanachart Capital PCL's operating liabilities for the quarter that ended in Mar. 2026 was $511.6 Mil. Thanachart Capital PCL's Total Assets for the quarter that ended in Dec. 2025 was $4,898.6 Mil. Therefore, Thanachart Capital PCL's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.

THNVF
66GF Score
Thanachart Capital PCL THNVF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thanachart Capital 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.

Thanachart Capital 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 )
=(4557.57-525.705)/4709.306
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4898.613 - 341.043
=4557.57

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2174.573 - 1648.868 - 0
=525.705

Thanachart Capital 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 )
=(3857.903-511.613)/4898.613
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4889.707 - 1031.804
=3857.903

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2151.556 - 1639.943 - 0
=511.613

* 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 0.68 mean?
Thanachart Capital PCL (THNVF) has a Scaled Net Operating Assets of 0.68 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 Thanachart Capital PCL and its competitors.
Is Thanachart Capital PCL's Scaled Net Operating Assets too high?
Thanachart Capital PCL's current Scaled Net Operating Assets is 0.68. Overall, Thanachart Capital PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Scaled Net Operating Assets compare to V and MA?
Thanachart Capital PCL's Scaled Net Operating Assets of 0.68 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 Thanachart Capital PCL and its competitors. Thanachart Capital PCL's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Thanachart Capital PCL (THNVF) has a current Scaled Net Operating Assets of 0.68. The stock's GF Value™ is $0.88, compared to a current price of $1.08 — trading 22.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.68. Thanachart Capital PCL's overall GF Score™ is 66/100 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 Thanachart Capital PCL (THNVF), the current Scaled Net Operating Assets is 0.68 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 Thanachart Capital PCL (THNVF) Overvalued in 2026?

Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued. The current stock price of $1.08 is trading 22.7% above its estimated GF Value™ of $0.88.

Key valuation signals for THNVF:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: $0.88 vs. price of $1.08 (22.7% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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

Thanachart Capital PCL Business Description

Other Exchanges TCAP:ThailandNFPH:Germany
Address Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
66GF Score

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

$1.08
Price
$0.88
GF Value