CGHOF (China Gas Holdings) Scaled Net Operating Assets: 0.77 (As of Sep. 2025)


CGHOF China Gas Holdings Ltd CGHOF
74 GF Score
Price $0.95
GF Value $1.17
Valuation Modestly Undervalued
! 8 Warning Signs
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What is China Gas Holdings Scaled Net Operating Assets?

China Gas Holdings CGHOF -3.14% 74 Scaled Net Operating Assets is 0.77 as of Sep. 2025. GuruFocus rates CGHOF with a GF Score™ of 74/100 and a GF Value™ of $1.17 (Modestly Undervalued). The stock has 8 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 Gas Holdings's operating assets for the quarter that ended in Sep. 2025 was $17,917 Mil. China Gas Holdings's operating liabilities for the quarter that ended in Sep. 2025 was $3,309 Mil. China Gas Holdings's Total Assets for the quarter that ended in Mar. 2025 was $19,069 Mil. Therefore, China Gas Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.77.


China Gas Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Gas Holdings'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 Gas Holdings Scaled Net Operating Assets Chart

China Gas Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.71 0.71 0.76 0.80

China Gas Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.75 0.78 0.73 0.77 0.78

CGHOF vs ATO, NI: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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 Gas Holdings Scaled Net Operating Assets vs Utilities - Regulated Industry

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

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


CGHOF
74GF Score
China Gas Holdings Ltd CGHOF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Gas Holdings 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 Gas Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(17925.538-3482.6)/19007.762
=0.76

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19069.135 - 1143.597
=17925.538

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11256.415 - 5053.228 - 2720.587
=3482.6

China Gas Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(17916.654-3309.041)/19069.135
=0.77

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19555.925 - 1639.271
=17916.654

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11409.005 - 5264.443 - 2835.521
=3309.041

* 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 0.77 mean?
China Gas Holdings (CGHOF) has a Scaled Net Operating Assets of 0.77 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Gas Holdings and its competitors.
Is China Gas Holdings' Scaled Net Operating Assets too high?
China Gas Holdings' current Scaled Net Operating Assets is 0.77. Overall, China Gas Holdings has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Gas Holdings' Scaled Net Operating Assets compare to ATO and NI?
China Gas Holdings' Scaled Net Operating Assets of 0.77 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 Gas Holdings and its competitors. China Gas Holdings's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Gas Holdings (CGHOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.17, compared to a current price of $0.95 — trading 19.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. China Gas Holdings' overall GF Score™ is 74/100 with 8 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 Gas Holdings (CGHOF), the current Scaled Net Operating Assets is 0.77 as of Sep. 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 Gas Holdings (CGHOF) Overvalued in 2026?

Based on GuruFocus' analysis, China Gas Holdings stock appears to be undervalued. The current stock price of $0.95 is trading 19.1% below its estimated GF Value™ of $1.17. GuruFocus considers China Gas Holdings to be Modestly Undervalued.

Key valuation signals for CGHOF:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: $1.17 vs. price of $0.95 (19.1% below fair value)
  • GF Score™: 74/100 with 8 warning signs

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


China Gas Holdings Business Description

Address 188 Meiyuan Road, China Gas Building, Luohu District, Guangdong Province, Shenzhen, CHN
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2025 (ended March 31, 2025), the group had secured a total of 662 piped gas concessions and 488 compressed natural gas/liquefied natural gas refilling stations for vehicles in China. In total, CGH has connected 48.5 million residential households and achieved a penetration rate of 72.9%.
74GF Score

Get the complete analysis for CGHOF

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

$0.95
Price
$1.17
GF Value