Khulna Power Co (DHA:KPCL) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)

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DHA:KPCL Khulna Power Co Ltd DHA:KPCL
57 GF Score
Price BDT10.40
GF Value BDT4.06
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Khulna Power Co Scaled Net Operating Assets?

Khulna Power Co DHA:KPCL +0.97% 57 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates DHA:KPCL with a GF Score™ of 57/100 and a GF Value™ of BDT4.06 (Significantly Overvalued). 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.

Khulna Power Co's operating assets for the quarter that ended in Mar. 2026 was BDT8,072.0 Mil. Khulna Power Co's operating liabilities for the quarter that ended in Mar. 2026 was BDT1,643.8 Mil. Khulna Power Co's Total Assets for the quarter that ended in Dec. 2025 was BDT8,882.6 Mil. Therefore, Khulna Power Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


Khulna Power Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Khulna Power Co'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.

Khulna Power Co Scaled Net Operating Assets Chart

Khulna Power Co Annual Data
Trend Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.90 0.79 0.74 0.89

Khulna Power Co 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 0.93 0.92 0.87 0.78 0.72

DHA:KPCL vs NEE, SO, DUK: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Electric subindustry, Khulna Power Co'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.


Khulna Power Co Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Khulna Power Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Khulna Power Co's Scaled Net Operating Assets falls into.


DHA:KPCL
57GF Score
Khulna Power Co Ltd DHA:KPCL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khulna Power 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.

Khulna Power Co'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 )
=(7789.213-241.161)/8460.306
=0.89

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7943.134 - 153.921
=7789.213

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=381.161 - 0 - 140
=241.161

Khulna Power 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 )
=(8072.023-1643.816)/8882.616
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9441.102 - 1369.079
=8072.023

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1647.956 - 3.531 - 0.609
=1643.816

* 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 0.72 mean?
Khulna Power Co (DHA:KPCL) has a Scaled Net Operating Assets of 0.72 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 Khulna Power Co and its competitors.
Is Khulna Power Co's Scaled Net Operating Assets too high?
Khulna Power Co's current Scaled Net Operating Assets is 0.72. Overall, Khulna Power Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Khulna Power Co's Scaled Net Operating Assets compare to NEE and SO?
Khulna Power Co's Scaled Net Operating Assets of 0.72 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Khulna Power Co and its competitors. Khulna Power Co's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khulna Power Co stock overvalued right now?
Based on GuruFocus' analysis, Khulna Power Co (DHA:KPCL) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT4.06, compared to a current price of BDT10.40 — trading 156.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.72. Khulna Power Co's overall GF Score™ is 57/100 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 Khulna Power Co (DHA:KPCL), the current Scaled Net Operating Assets is 0.72 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 Khulna Power Co (DHA:KPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Khulna Power Co stock appears to be overvalued. The current stock price of BDT10.40 is trading 156.2% above its estimated GF Value™ of BDT4.06. GuruFocus considers Khulna Power Co to be Significantly Overvalued.

Key valuation signals for DHA:KPCL:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: BDT4.06 vs. price of BDT10.40 (156.2% above fair value)
  • GF Score™: 57/100 with 4 warning signs

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


Khulna Power Co Business Description

Address United House, Madani Avenue, United City, Dhaka, BGD, 1212
Khulna Power Co Ltd is engaged in generating electricity, selling such generated electricity to the Bangladesh Power Development Board, and acquiring fuel required for such electricity generation from home and abroad. The company receives revenue in the form of capacity, rental, and energy. The energy payment generates maximum revenue for the company.
57GF Score

Get the complete analysis for DHA:KPCL

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

BDT10.40
Price
BDT4.06
GF Value