CIIHF (CITIC Securities Co) Scaled Net Operating Assets: -0.16 (As of Mar. 2026)


CIIHF CITIC Securities Co Ltd CIIHF
68 GF Score
Price $3.50
GF Value $3.93
! 2 Warning Signs
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What is CITIC Securities Co Scaled Net Operating Assets?

CITIC Securities Co CIIHF 68 Scaled Net Operating Assets is -0.16 as of Mar. 2026. GuruFocus rates CIIHF with a GF Score™ of 68/100 and a GF Value™ of $3.93. The stock has 2 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.

CITIC Securities Co's operating assets for the quarter that ended in Mar. 2026 was $186,569 Mil. CITIC Securities Co's operating liabilities for the quarter that ended in Mar. 2026 was $232,425 Mil. CITIC Securities Co's Total Assets for the quarter that ended in Dec. 2025 was $295,590 Mil. Therefore, CITIC Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.16.

CIIHF
68GF Score
CITIC Securities Co Ltd CIIHF
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CITIC Securities Co 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.

CITIC Securities Co'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 )
=(173405.961-208205.36)/234965.158
=-0.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=295590.441 - 122184.48
=173405.961

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=249329.88 - 41124.52 - 0
=208205.36

CITIC Securities Co'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 )
=(186568.853-232425.093)/295590.441
=-0.16

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=325688.025 - 139119.172
=186568.853

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=276319.094 - 43894.001 - 0
=232425.093

* 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 -0.16 mean?
CITIC Securities Co (CIIHF) has a Scaled Net Operating Assets of -0.16 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 CITIC Securities Co and its competitors.
Is CITIC Securities Co's Scaled Net Operating Assets too high?
CITIC Securities Co's current Scaled Net Operating Assets is -0.16. Overall, CITIC Securities Co has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CITIC Securities Co's Scaled Net Operating Assets compare to MS and GS?
CITIC Securities Co's Scaled Net Operating Assets of -0.16 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 CITIC Securities Co and its competitors. CITIC Securities Co's current Scaled Net Operating Assets is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Securities Co stock overvalued right now?
CITIC Securities Co (CIIHF) has a current Scaled Net Operating Assets of -0.16. The stock's GF Value™ is $3.93, compared to a current price of $3.50 — trading 10.9% below its estimated fair value. The current Scaled Net Operating Assets is -0.16. CITIC Securities Co's overall GF Score™ is 68/100 with 2 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 CITIC Securities Co (CIIHF), the current Scaled Net Operating Assets is -0.16 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 CITIC Securities Co (CIIHF) Overvalued in 2026?

Based on GuruFocus' analysis, CITIC Securities Co stock appears to be undervalued. The current stock price of $3.50 is trading 10.9% below its estimated GF Value™ of $3.93.

Key valuation signals for CIIHF:

  • Scaled Net Operating Assets: -0.16
  • GF Value™: $3.93 vs. price of $3.50 (10.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs

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

CITIC Securities Co Business Description

Address No.48 Liangmaqiao Road, 10th Floor, CITIC Securities Tower, Chaoyang District, Beijing, CHN, 100026
CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, Margin financing and securities lending, Stock option market-making, and other services. The company has five reportable segments, namely Investment Banking, Brokerage, Trading, Asset Management, and Others. The company derives maximum revenue from the Trading segment.
68GF 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.

$3.50
Price
$3.93
GF Value