CHKGF (CK Asset Holdings) Scaled Net Operating Assets: 0.83 (As of Dec. 2025)


CHKGF CK Asset Holdings Ltd CHKGF
73 GF Score
Price $5.90
GF Value $6.51
Valuation Fairly Valued
! 5 Warning Signs
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What is CK Asset Holdings Scaled Net Operating Assets?

CK Asset Holdings CHKGF -0.76% 73 Scaled Net Operating Assets is 0.83 as of Dec. 2025. GuruFocus rates CHKGF with a GF Score™ of 73/100 and a GF Value™ of $6.51 (Fairly Valued). 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.

CK Asset Holdings's operating assets for the quarter that ended in Dec. 2025 was $60,117 Mil. CK Asset Holdings's operating liabilities for the quarter that ended in Dec. 2025 was $5,682 Mil. CK Asset Holdings's Total Assets for the quarter that ended in Jun. 2025 was $65,693 Mil. Therefore, CK Asset Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.83.


CK Asset Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CK Asset 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.

CK Asset Holdings Scaled Net Operating Assets Chart

CK Asset Holdings 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 0.81 0.70 0.81 0.83 0.84

CK Asset Holdings 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 0.83 0.84 0.84 0.86 0.83

CK Asset Holdings Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, CK Asset 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.


CK Asset Holdings Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, CK Asset Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


CHKGF
73GF Score
CK Asset Holdings Ltd CHKGF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CK Asset 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.

CK Asset Holdings'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 )
=(60116.568-5681.678)/64551.033
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=65481.441 - 5364.873
=60116.568

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12957.151 - 5728.588 - 1546.885
=5681.678

CK Asset Holdings'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 )
=(60116.568-5681.678)/65692.735
=0.83

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=65481.441 - 5364.873
=60116.568

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12957.151 - 5728.588 - 1546.885
=5681.678

* 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 0.83 mean?
CK Asset Holdings (CHKGF) has a Scaled Net Operating Assets of 0.83 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 CK Asset Holdings and its competitors.
Is CK Asset Holdings' Scaled Net Operating Assets too high?
CK Asset Holdings' current Scaled Net Operating Assets is 0.83. Overall, CK Asset Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CK Asset Holdings' Scaled Net Operating Assets compare to competitors?
CK Asset Holdings' Scaled Net Operating Assets of 0.83 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 CK Asset Holdings and its competitors. CK Asset Holdings's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CK Asset Holdings stock overvalued right now?
Based on GuruFocus' analysis, CK Asset Holdings (CHKGF) is currently considered Fairly Valued. The stock's GF Value™ is $6.51, compared to a current price of $5.90 — trading 9.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. CK Asset Holdings' overall GF Score™ is 73/100 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 CK Asset Holdings (CHKGF), the current Scaled Net Operating Assets is 0.83 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 CK Asset Holdings (CHKGF) Overvalued in 2026?

Based on GuruFocus' analysis, CK Asset Holdings stock appears to be undervalued. The current stock price of $5.90 is trading 9.4% below its estimated GF Value™ of $6.51. GuruFocus considers CK Asset Holdings to be Fairly Valued.

Key valuation signals for CHKGF:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: $6.51 vs. price of $5.90 (9.4% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


CK Asset Holdings Business Description

Address 2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG
CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.
73GF 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.

$5.90
Price
$6.51
GF Value