Al Waha Capital PJSC (ADX:WAHA) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


ADX:WAHA Al Waha Capital PJSC ADX:WAHA
62 GF Score
Price د.إ1.87
GF Value د.إ2.51
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Al Waha Capital PJSC Scaled Net Operating Assets?

Al Waha Capital PJSC ADX:WAHA -0.53% 62 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates ADX:WAHA with a GF Score™ of 62/100 and a GF Value™ of د.إ2.51 (Modestly Undervalued). The stock has 4 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.

Al Waha Capital PJSC's operating assets for the quarter that ended in Mar. 2026 was د.إ5,167.2 Mil. Al Waha Capital PJSC's operating liabilities for the quarter that ended in Mar. 2026 was د.إ106.5 Mil. Al Waha Capital PJSC's Total Assets for the quarter that ended in Dec. 2025 was د.إ5,595.5 Mil. Therefore, Al Waha Capital PJSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.


Al Waha Capital PJSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Al Waha Capital PJSC'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.

Al Waha Capital PJSC Scaled Net Operating Assets Chart

Al Waha Capital PJSC 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 0.14 0.14 0.35 0.20 0.34

Al Waha Capital PJSC 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 0.95 0.77 0.84 0.35 0.90

ADX:WAHA vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Al Waha Capital PJSC'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.


Al Waha Capital PJSC Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Al Waha Capital PJSC's Scaled Net Operating Assets falls into.


ADX:WAHA
62GF Score
Al Waha Capital PJSC ADX:WAHA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Waha Capital PJSC 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.

Al Waha Capital PJSC'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 )
=(5093.778-218.566)/14216.85
=0.34

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5595.512 - 501.734
=5093.778

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=795.788 - 34.195 - 543.027
=218.566

Al Waha Capital PJSC'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 )
=(5167.23-106.451)/5595.512
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5353.314 - 186.084
=5167.23

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=679.01 - 572.559 - 0
=106.451

* 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 0.90 mean?
Al Waha Capital PJSC (ADX:WAHA) has a Scaled Net Operating Assets of 0.90 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 Al Waha Capital PJSC and its competitors.
Is Al Waha Capital PJSC's Scaled Net Operating Assets too high?
Al Waha Capital PJSC's current Scaled Net Operating Assets is 0.90. Overall, Al Waha Capital PJSC has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Scaled Net Operating Assets compare to BLK and BX?
Al Waha Capital PJSC's Scaled Net Operating Assets of 0.90 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Al Waha Capital PJSC and its competitors. Al Waha Capital PJSC's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.51, compared to a current price of د.إ1.87 — trading 25.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.90. Al Waha Capital PJSC's overall GF Score™ is 62/100 with 4 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 Al Waha Capital PJSC (ADX:WAHA), the current Scaled Net Operating Assets is 0.90 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 Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?

Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued. The current stock price of د.إ1.87 is trading 25.5% below its estimated GF Value™ of د.إ2.51. GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.

Key valuation signals for ADX:WAHA:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: د.إ2.51 vs. price of د.إ1.87 (25.5% below fair value)
  • GF Score™: 62/100 with 4 warning signs

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


Al Waha Capital PJSC Business Description

Address PO Box 28922, 17th Floor, Al Khatem Tower ADGM, al maryah island, Abu Dhabi, ARE
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
62GF Score

Get the complete analysis for ADX:WAHA

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

د.إ1.87
Price
د.إ2.51
GF Value