CGASY (China Resources Gas Group) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)


CGASY China Resources Gas Group Ltd CGASY
65 GF Score
Price $21.81
GF Value $37.00
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is China Resources Gas Group Scaled Net Operating Assets?

China Resources Gas Group CGASY 65 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates CGASY with a GF Score™ of 65/100 and a GF Value™ of $37.00 (Possible Value Trap). 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.

China Resources Gas Group's operating assets for the quarter that ended in Dec. 2025 was $16,400 Mil. China Resources Gas Group's operating liabilities for the quarter that ended in Dec. 2025 was $5,685 Mil. China Resources Gas Group's Total Assets for the quarter that ended in Jun. 2025 was $17,645 Mil. Therefore, China Resources Gas Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


China Resources Gas Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Resources Gas Group'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.

China Resources Gas Group Scaled Net Operating Assets Chart

China Resources Gas Group 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 0.57 0.61 0.68 0.58 0.63

China Resources Gas Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.57 0.59 0.57 0.62 0.61

CGASY vs ATO, NI: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Gas subindustry, China Resources Gas Group'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.


China Resources Gas Group Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Resources Gas Group's Scaled Net Operating Assets falls into.


CGASY
65GF Score
China Resources Gas Group Ltd CGASY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Resources Gas Group 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.

China Resources Gas Group'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 )
=(16400.291-5684.706)/17043.082
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17531.236 - 1130.945
=16400.291

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8788.151 - 1098.254 - 2005.191
=5684.706

China Resources Gas Group'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: Jun. 2025 )
=(16400.291-5684.706)/17645.178
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17531.236 - 1130.945
=16400.291

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8788.151 - 1098.254 - 2005.191
=5684.706

* 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 0.61 mean?
China Resources Gas Group (CGASY) has a Scaled Net Operating Assets of 0.61 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 China Resources Gas Group and its competitors.
Is China Resources Gas Group's Scaled Net Operating Assets too high?
China Resources Gas Group's current Scaled Net Operating Assets is 0.61. Overall, China Resources Gas Group has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Resources Gas Group's Scaled Net Operating Assets compare to ATO and NI?
China Resources Gas Group's Scaled Net Operating Assets of 0.61 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 China Resources Gas Group and its competitors. China Resources Gas Group's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Gas Group stock overvalued right now?
Based on GuruFocus' analysis, China Resources Gas Group (CGASY) is currently considered Possible Value Trap. The stock's GF Value™ is $37.00, compared to a current price of $21.81 — trading 41.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. China Resources Gas Group's overall GF Score™ is 65/100 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 China Resources Gas Group (CGASY), the current Scaled Net Operating Assets is 0.61 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 China Resources Gas Group (CGASY) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Gas Group stock appears to be undervalued. The current stock price of $21.81 is trading 41.1% below its estimated GF Value™ of $37.00. GuruFocus considers China Resources Gas Group to be Possible Value Trap.

Key valuation signals for CGASY:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: $37.00 vs. price of $21.81 (41.1% below fair value)
  • GF Score™: 65/100 with 7 warning signs

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


China Resources Gas Group Business Description

Other Exchanges 01193:Hong KongLGX1:Germany
Address 26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2025, CRG's portfolio comprised 275 city gas projects in China. The firm achieved annual gas sales volume of 40.2 billion cubic meters and has connected 62.7 million residential customers.
65GF Score

Get the complete analysis for CGASY

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

$21.81
Price
$37.00
GF Value