Bangladesh Shipping (DHA:BSC) Scaled Net Operating Assets: 0.59 (As of Mar. 2026)


DHA:BSC Bangladesh Shipping Corp DHA:BSC
90 GF Score
Price BDT112.20
GF Value BDT123.34
Valuation Fairly Valued
! 4 Warning Signs
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What is Bangladesh Shipping Scaled Net Operating Assets?

Bangladesh Shipping DHA:BSC +1.26% 90 Scaled Net Operating Assets is 0.59 as of Mar. 2026. GuruFocus rates DHA:BSC with a GF Score™ of 90/100 and a GF Value™ of BDT123.34 (Fairly Valued). The stock has 4 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.

Bangladesh Shipping's operating assets for the quarter that ended in Mar. 2026 was BDT27,461 Mil. Bangladesh Shipping's operating liabilities for the quarter that ended in Mar. 2026 was BDT5,589 Mil. Bangladesh Shipping's Total Assets for the quarter that ended in Dec. 2025 was BDT37,218 Mil. Therefore, Bangladesh Shipping's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.59.


Bangladesh Shipping Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bangladesh Shipping'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.

Bangladesh Shipping Scaled Net Operating Assets Chart

Bangladesh Shipping Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.63 0.55 0.41 0.33 0.33

Bangladesh Shipping 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 0.36 0.36 0.49 0.57 0.59

DHA:BSC vs KEX: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, Bangladesh Shipping'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.


Bangladesh Shipping Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Bangladesh Shipping's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bangladesh Shipping's Scaled Net Operating Assets falls into.


DHA:BSC
90GF Score
Bangladesh Shipping Corp DHA:BSC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangladesh Shipping 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.

Bangladesh Shipping's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(17944.151-5274.465)/38115.295
=0.33

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=35829.2 - 17885.049
=17944.151

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19837.71 - 13435.83 - 1127.415
=5274.465

Bangladesh Shipping'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 )
=(27460.834-5589.116)/37217.809
=0.59

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37202.12 - 9741.286
=27460.834

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19591.714 - 13441.952 - 560.646
=5589.116

* 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 0.59 mean?
Bangladesh Shipping (DHA:BSC) has a Scaled Net Operating Assets of 0.59 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 Bangladesh Shipping and its competitors.
Is Bangladesh Shipping's Scaled Net Operating Assets too high?
Bangladesh Shipping's current Scaled Net Operating Assets is 0.59. Overall, Bangladesh Shipping has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangladesh Shipping's Scaled Net Operating Assets compare to KEX?
Bangladesh Shipping's Scaled Net Operating Assets of 0.59 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Bangladesh Shipping and its competitors. Bangladesh Shipping's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangladesh Shipping stock overvalued right now?
Based on GuruFocus' analysis, Bangladesh Shipping (DHA:BSC) is currently considered Fairly Valued. The stock's GF Value™ is BDT123.34, compared to a current price of BDT112.20 — trading 9% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. Bangladesh Shipping's overall GF Score™ is 90/100 with 4 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 Bangladesh Shipping (DHA:BSC), the current Scaled Net Operating Assets is 0.59 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 Bangladesh Shipping (DHA:BSC) Overvalued in 2026?

Based on GuruFocus' analysis, Bangladesh Shipping stock appears to be undervalued. The current stock price of BDT112.20 is trading 9% below its estimated GF Value™ of BDT123.34. GuruFocus considers Bangladesh Shipping to be Fairly Valued.

Key valuation signals for DHA:BSC:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: BDT123.34 vs. price of BDT112.20 (9% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


Bangladesh Shipping Business Description

Address Saltgola Road, P.O. Box no. 641, BSC Bhaban, Chattogram, BGD, 4100
Bangladesh Shipping Corp is the national flag carrier engaged in shipping and ancillary businesses on International routes. Its Services are Liner Service, Chartering & Tramping service, Feeder Service, Crude Oil Carrying, Crude Oil Lightening, Food Grain Carrying, Food Grain Lightening, Agency Service, and Ship Repair.
90GF Score

Get the complete analysis for DHA:BSC

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

BDT112.20
Price
BDT123.34
GF Value