China Resources Beer (Holdings) Co (FRA:CHK) Scaled Net Operating Assets: 0.41 (As of Dec. 2025)


FRA:CHK China Resources Beer (Holdings) Co Ltd FRA:CHK
90 GF Score
Price €2.53
GF Value €3.27
Valuation Modestly Undervalued
! 4 Warning Signs
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What is China Resources Beer (Holdings) Co Scaled Net Operating Assets?

China Resources Beer (Holdings) Co FRA:CHK +6.99% 90 Scaled Net Operating Assets is 0.41 as of Dec. 2025. GuruFocus rates FRA:CHK with a GF Score™ of 90/100 and a GF Value™ of €3.27 (Modestly Undervalued). 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.

China Resources Beer (Holdings) Co's operating assets for the quarter that ended in Dec. 2025 was €7,114 Mil. China Resources Beer (Holdings) Co's operating liabilities for the quarter that ended in Dec. 2025 was €3,548 Mil. China Resources Beer (Holdings) Co's Total Assets for the quarter that ended in Jun. 2025 was €8,595 Mil. Therefore, China Resources Beer (Holdings) Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.41.


China Resources Beer (Holdings) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co Scaled Net Operating Assets Chart

China Resources Beer (Holdings) Co 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 0.48 0.34 0.56 0.49 0.39

China Resources Beer (Holdings) Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.44 0.42 0.49 0.41 0.42

FRA:CHK vs BUD, STZ, TAP: Scaled Net Operating Assets Comparison

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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.


China Resources Beer (Holdings) Co Scaled Net Operating Assets vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Scaled Net Operating Assets falls into.


FRA:CHK
90GF Score
China Resources Beer (Holdings) Co Ltd FRA:CHK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co'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 )
=(7114.201-3548.431)/9091.041
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8321.868 - 1207.667
=7114.201

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3961.172 - 162.962 - 249.779
=3548.431

China Resources Beer (Holdings) Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(7114.201-3548.431)/8595.259
=0.41

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8321.868 - 1207.667
=7114.201

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3961.172 - 162.962 - 249.779
=3548.431

* 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 0.41 mean?
China Resources Beer (Holdings) Co (FRA:CHK) has a Scaled Net Operating Assets of 0.41 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Resources Beer (Holdings) Co and its competitors.
Is China Resources Beer (Holdings) Co's Scaled Net Operating Assets too high?
China Resources Beer (Holdings) Co's current Scaled Net Operating Assets is 0.41. Overall, China Resources Beer (Holdings) Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Beer (Holdings) Co's Scaled Net Operating Assets compare to BUD and STZ?
China Resources Beer (Holdings) Co's Scaled Net Operating Assets of 0.41 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Alcoholic 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 China Resources Beer (Holdings) Co and its competitors. China Resources Beer (Holdings) Co's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Beer (Holdings) Co stock overvalued right now?
Based on GuruFocus' analysis, China Resources Beer (Holdings) Co (FRA:CHK) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.27, compared to a current price of €2.53 — trading 22.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.41. China Resources Beer (Holdings) Co'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 China Resources Beer (Holdings) Co (FRA:CHK), the current Scaled Net Operating Assets is 0.41 as of Dec. 2025. 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 China Resources Beer (Holdings) Co (FRA:CHK) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Beer (Holdings) Co stock appears to be undervalued. The current stock price of €2.53 is trading 22.8% below its estimated GF Value™ of €3.27. GuruFocus considers China Resources Beer (Holdings) Co to be Modestly Undervalued.

Key valuation signals for FRA:CHK:

  • Scaled Net Operating Assets: 0.41
  • GF Value™: €3.27 vs. price of €2.53 (22.8% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


China Resources Beer (Holdings) Co Business Description

Address Xuehua Road, Xin\'an Street, No. 2, 30th Floor, Snow Beer Headquarters Building, 70th District, Bao\'an District, Shenzhen, CHN
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food, and beverage industries. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company achieved its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR Beer acquired Heineken China in 2019, which allows CR Beer access to a premium international beer brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 26%, versus 15% of Tsingtao and 19% of Budweiser APAC, based on Euromonitor data.
90GF Score

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

€2.53
Price
€3.27
GF Value