National Industries Group HoldingK (DFM:NIND) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


DFM:NIND National Industries Group Holding SAK DFM:NIND
37 GF Score
Price د.إ3.40
GF Value د.إ2.34
Valuation Significantly Overvalued
! 8 Warning Signs
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What is National Industries Group HoldingK Scaled Net Operating Assets?

National Industries Group HoldingK DFM:NIND 37 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates DFM:NIND with a GF Score™ of 37/100 and a GF Value™ of د.إ2.34 (Significantly Overvalued). 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.

National Industries Group HoldingK's operating assets for the quarter that ended in Mar. 2026 was د.إ18,121 Mil. National Industries Group HoldingK's operating liabilities for the quarter that ended in Mar. 2026 was د.إ1,595 Mil. National Industries Group HoldingK's Total Assets for the quarter that ended in Dec. 2025 was د.إ20,221 Mil. Therefore, National Industries Group HoldingK's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


National Industries Group HoldingK Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for National Industries Group HoldingK'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 Industries Group HoldingK Scaled Net Operating Assets Chart

National Industries Group HoldingK 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 0.92 0.85 0.75 0.77 0.78

National Industries Group HoldingK 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 0.81 0.74 0.75 0.75 0.82

DFM:NIND vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, National Industries Group HoldingK'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 Industries Group HoldingK Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National Industries Group HoldingK's Scaled Net Operating Assets falls into.


DFM:NIND
37GF Score
National Industries Group Holding SAK DFM:NIND
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Industries Group HoldingK 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 Industries Group HoldingK'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 )
=(16414.509-1523.539)/19044.113
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20220.759 - 3806.25
=16414.509

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10904.236 - 4839.662 - 4541.035
=1523.539

National Industries Group HoldingK'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 )
=(18120.818-1595.37)/20220.759
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20223.522 - 2102.704
=18120.818

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11065.738 - 5156.236 - 4314.132
=1595.37

* 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 0.82 mean?
National Industries Group HoldingK (DFM:NIND) has a Scaled Net Operating Assets of 0.82 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 Industries Group HoldingK and its competitors.
Is National Industries Group HoldingK's Scaled Net Operating Assets too high?
National Industries Group HoldingK's current Scaled Net Operating Assets is 0.82. Overall, National Industries Group HoldingK has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Industries Group HoldingK's Scaled Net Operating Assets compare to HON and MMM?
National Industries Group HoldingK's Scaled Net Operating Assets of 0.82 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Industries Group HoldingK and its competitors. National Industries Group HoldingK's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Industries Group HoldingK stock overvalued right now?
Based on GuruFocus' analysis, National Industries Group HoldingK (DFM:NIND) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ2.34, compared to a current price of د.إ3.40 — trading 45.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.82. National Industries Group HoldingK's overall GF Score™ is 37/100 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 National Industries Group HoldingK (DFM:NIND), the current Scaled Net Operating Assets is 0.82 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 Industries Group HoldingK (DFM:NIND) Overvalued in 2026?

Based on GuruFocus' analysis, National Industries Group HoldingK stock appears to be overvalued. The current stock price of د.إ3.40 is trading 45.3% above its estimated GF Value™ of د.إ2.34. GuruFocus considers National Industries Group HoldingK to be Significantly Overvalued.

Key valuation signals for DFM:NIND:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: د.إ2.34 vs. price of د.إ3.40 (45.3% above fair value)
  • GF Score™: 37/100 with 8 warning signs

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


National Industries Group HoldingK Business Description

Other Exchanges NIND:Kuwait
Address Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005
National Industries Group Holding SAK operates in investment and its objectives are owning stocks and shares, lending money, owning industrial equities such as patents, and royalties, and owning real estate and movable property. The company has four segments Investments, Building Materials and Contracting services, Specialist Engineering and Hotel and IT operations. Geographically, it generates the majority of revenue from the Kuwait region.
37GF Score

Get the complete analysis for DFM:NIND

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

د.إ3.40
Price
د.إ2.34
GF Value