National Cement Co PSC (DFM:NCC) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


DFM:NCC National Cement Co PSC DFM:NCC
68 GF Score
Price د.إ4.22
GF Value د.إ4.42
Valuation Fairly Valued
! 6 Warning Signs
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What is National Cement Co PSC Scaled Net Operating Assets?

National Cement Co PSC DFM:NCC 68 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates DFM:NCC with a GF Score™ of 68/100 and a GF Value™ of د.إ4.42 (Fairly Valued). The stock has 6 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.

National Cement Co PSC's operating assets for the quarter that ended in Mar. 2026 was د.إ2,524.5 Mil. National Cement Co PSC's operating liabilities for the quarter that ended in Mar. 2026 was د.إ88.8 Mil. National Cement Co PSC's Total Assets for the quarter that ended in Dec. 2025 was د.إ2,936.7 Mil. Therefore, National Cement Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


National Cement Co PSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for National Cement Co PSC'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.

National Cement Co PSC Scaled Net Operating Assets Chart

National Cement Co PSC 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 1.04 0.90 1.08 1.12 1.00

National Cement Co PSC 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 0.91 0.88 0.88 0.90 0.83

DFM:NCC vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, National Cement Co PSC'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.


National Cement Co PSC Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, National Cement Co PSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National Cement Co PSC's Scaled Net Operating Assets falls into.


DFM:NCC
68GF Score
National Cement Co PSC DFM:NCC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Cement Co PSC 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.

National Cement Co PSC'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 )
=(2672.65-111.875)/2550.45
=1.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2936.691 - 264.041
=2672.65

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=111.875 - 0 - 0
=111.875

National Cement Co PSC'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 )
=(2524.519-88.785)/2936.691
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2717.467 - 192.948
=2524.519

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=88.785 - 0 - 0
=88.785

* 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?
National Cement Co PSC (DFM:NCC) has a Scaled Net Operating Assets of 0.83 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 National Cement Co PSC and its competitors.
Is National Cement Co PSC's Scaled Net Operating Assets too high?
National Cement Co PSC's current Scaled Net Operating Assets is 0.83. Overall, National Cement Co PSC has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Scaled Net Operating Assets compare to CRH and VMC?
National Cement Co PSC's Scaled Net Operating Assets of 0.83 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 National Cement Co PSC and its competitors. National Cement Co PSC'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 National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.42, compared to a current price of د.إ4.22 — trading 4.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. National Cement Co PSC's overall GF Score™ is 68/100 with 6 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 National Cement Co PSC (DFM:NCC), the current Scaled Net Operating Assets is 0.83 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?

Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued. The current stock price of د.إ4.22 is trading 4.5% below its estimated GF Value™ of د.إ4.42. GuruFocus considers National Cement Co PSC to be Fairly Valued.

Key valuation signals for DFM:NCC:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: د.إ4.42 vs. price of د.إ4.22 (4.5% below fair value)
  • GF Score™: 68/100 with 6 warning signs

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


National Cement Co PSC Business Description

Address Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
68GF Score

Get the complete analysis for DFM:NCC

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

د.إ4.22
Price
د.إ4.42
GF Value