National Real Estate Co KSC (DFM:NRE) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


What is National Real Estate Co KSC Scaled Net Operating Assets?

National Real Estate Co KSC DFM:NRE 16 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates DFM:NRE with a GF Score™ of 16/100. The stock has 10 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 Real Estate Co KSC's operating assets for the quarter that ended in Mar. 2026 was د.إ5,389.21 Mil. National Real Estate Co KSC's operating liabilities for the quarter that ended in Mar. 2026 was د.إ689.63 Mil. National Real Estate Co KSC's Total Assets for the quarter that ended in Dec. 2025 was د.إ6,473.74 Mil. Therefore, National Real Estate Co KSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.

National Real Estate Co KSC Scaled Net Operating Assets Historical Data

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The historical data trend for National Real Estate Co KSC'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 Real Estate Co KSC Scaled Net Operating Assets Chart

National Real Estate Co KSC 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 1.15 0.73 0.88 0.93 0.81

National Real Estate Co KSC 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 0.83 0.85 0.78 0.94 0.73

National Real Estate Co KSC Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, National Real Estate Co KSC'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 Real Estate Co KSC Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, National Real Estate Co KSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National Real Estate Co KSC's Scaled Net Operating Assets falls into.


National Real Estate Co KSC 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 Real Estate Co KSC'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 )
=(6245.737-690.272)/6835.524
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6473.735 - 227.998
=6245.737

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2531.61 - 1589.118 - 252.22
=690.272

National Real Estate Co KSC'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 )
=(5389.212-689.628)/6473.735
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5609.089 - 219.877
=5389.212

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2508.233 - 1818.605 - 0
=689.628

* 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 0.73 mean?
National Real Estate Co KSC (DFM:NRE) has a Scaled Net Operating Assets of 0.73 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 Real Estate Co KSC and its competitors.
Is National Real Estate Co KSC's Scaled Net Operating Assets too high?
National Real Estate Co KSC's current Scaled Net Operating Assets is 0.73. Overall, National Real Estate Co KSC has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does National Real Estate Co KSC's Scaled Net Operating Assets compare to competitors?
National Real Estate Co KSC's Scaled Net Operating Assets of 0.73 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 National Real Estate Co KSC and its competitors. National Real Estate Co KSC's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Real Estate Co KSC stock overvalued right now?
National Real Estate Co KSC (DFM:NRE) has a current Scaled Net Operating Assets of 0.73. The current Scaled Net Operating Assets is 0.73. National Real Estate Co KSC's overall GF Score™ is 16/100 with 10 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 Real Estate Co KSC (DFM:NRE), the current Scaled Net Operating Assets is 0.73 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.

National Real Estate Co KSC Business Description

Other Exchanges NRE:Kuwait
Address Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087
National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others, which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment, which consists of investments in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in the United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.