National for Tourism Hotels (ADX:NCTH) Scaled Net Operating Assets: 1.55 (As of Dec. 2025)


ADX:NCTH National Corp for Tourism Hotels ADX:NCTH
68 GF Score
Price د.إ1.60
GF Value د.إ3.57
Valuation Significantly Undervalued
! 5 Warning Signs
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What is National for Tourism Hotels Scaled Net Operating Assets?

National for Tourism Hotels ADX:NCTH +0.63% 68 Scaled Net Operating Assets is 1.55 as of Dec. 2025. GuruFocus rates ADX:NCTH with a GF Score™ of 68/100 and a GF Value™ of د.إ3.57 (Significantly Undervalued). The stock has 5 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.

National for Tourism Hotels's operating assets for the quarter that ended in Dec. 2025 was د.إ5,896 Mil. National for Tourism Hotels's operating liabilities for the quarter that ended in Dec. 2025 was د.إ819 Mil. National for Tourism Hotels's Total Assets for the quarter that ended in Dec. 2024 was د.إ3,267 Mil. Therefore, National for Tourism Hotels's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.55.


National for Tourism Hotels Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for National for Tourism Hotels'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.

National for Tourism Hotels Scaled Net Operating Assets Chart

National for Tourism Hotels 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 0.73 0.75 0.80 0.87 1.55

National for Tourism Hotels Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 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 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 0.73 0.75 0.80 0.87 1.55

ADX:NCTH vs MAR, HLT, H: Scaled Net Operating Assets Comparison

For the Lodging subindustry, National for Tourism Hotels'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.


National for Tourism Hotels Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, National for Tourism Hotels's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National for Tourism Hotels's Scaled Net Operating Assets falls into.


ADX:NCTH
68GF Score
National Corp for Tourism Hotels ADX:NCTH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National for Tourism Hotels 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.

National for Tourism Hotels'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 )
=(5895.988-818.895)/3266.732
=1.55

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6739.944 - 843.956
=5895.988

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1721.585 - 785.674 - 117.016
=818.895

National for Tourism Hotels's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(5895.988-818.895)/3266.732
=1.55

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6739.944 - 843.956
=5895.988

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1721.585 - 785.674 - 117.016
=818.895

* 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 1.55 mean?
National for Tourism Hotels (ADX:NCTH) has a Scaled Net Operating Assets of 1.55 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on National for Tourism Hotels and its competitors.
Is National for Tourism Hotels' Scaled Net Operating Assets too high?
National for Tourism Hotels' current Scaled Net Operating Assets is 1.55. Overall, National for Tourism Hotels has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National for Tourism Hotels' Scaled Net Operating Assets compare to MAR and HLT?
National for Tourism Hotels' Scaled Net Operating Assets of 1.55 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 National for Tourism Hotels and its competitors. National for Tourism Hotels's current Scaled Net Operating Assets is 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National for Tourism Hotels stock overvalued right now?
Based on GuruFocus' analysis, National for Tourism Hotels (ADX:NCTH) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ3.57, compared to a current price of د.إ1.60 — trading 55.2% below its estimated fair value. The current Scaled Net Operating Assets is 1.55. National for Tourism Hotels' overall GF Score™ is 68/100 with 5 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 National for Tourism Hotels (ADX:NCTH), the current Scaled Net Operating Assets is 1.55 as of Dec. 2025. 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 National for Tourism Hotels (ADX:NCTH) Overvalued in 2026?

Based on GuruFocus' analysis, National for Tourism Hotels stock appears to be undervalued. The current stock price of د.إ1.60 is trading 55.2% below its estimated GF Value™ of د.إ3.57. GuruFocus considers National for Tourism Hotels to be Significantly Undervalued.

Key valuation signals for ADX:NCTH:

  • Scaled Net Operating Assets: 1.55
  • GF Value™: د.إ3.57 vs. price of د.إ1.60 (55.2% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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


National for Tourism Hotels Business Description

Address Airport Road, P.O. Box 6942, Abu Dhabi, ARE
National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company operates through four main segments: Hotels, which provide room and food and beverage services to customers; Retail services, offering beverage sales to customers; Catering services, which deliver contract-based catering solutions; and Holding, responsible for managing the corporation's investments, overseeing hotel development and management, and coordinating overall corporate activities. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE).
68GF Score

Get the complete analysis for ADX:NCTH

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

د.إ1.60
Price
د.إ3.57
GF Value