Hongkong Chinese (FRA:HKC) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


FRA:HKC Hongkong Chinese Ltd FRA:HKC
43 GF Score
Price €0.04
GF Value €0.02
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hongkong Chinese Scaled Net Operating Assets?

Hongkong Chinese FRA:HKC -2.35% 43 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates FRA:HKC with a GF Score™ of 43/100 and a GF Value™ of €0.02 (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.

Hongkong Chinese's operating assets for the quarter that ended in Dec. 2025 was €1,009.44 Mil. Hongkong Chinese's operating liabilities for the quarter that ended in Dec. 2025 was €6.96 Mil. Hongkong Chinese's Total Assets for the quarter that ended in Jun. 2025 was €1,145.53 Mil. Therefore, Hongkong Chinese's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


Hongkong Chinese Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hongkong Chinese'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.

Hongkong Chinese Scaled Net Operating Assets Chart

Hongkong Chinese Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.01 0.95 0.88 0.86

Hongkong Chinese Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 0.99 0.92 0.94 0.96 0.88

FRA:HKC vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Hongkong Chinese'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.


Hongkong Chinese Scaled Net Operating Assets vs Real Estate Industry

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

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


FRA:HKC
43GF Score
Hongkong Chinese Ltd FRA:HKC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hongkong Chinese 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.

Hongkong Chinese'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 )
=(1009.44-6.958)/1172.704
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1021.944 - 12.504
=1009.44

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62.393 - 55.435 - 0
=6.958

Hongkong Chinese'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 )
=(1009.44-6.958)/1145.528
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1021.944 - 12.504
=1009.44

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62.393 - 55.435 - 0
=6.958

* 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 0.88 mean?
Hongkong Chinese (FRA:HKC) has a Scaled Net Operating Assets of 0.88 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 Hongkong Chinese and its competitors.
Is Hongkong Chinese's Scaled Net Operating Assets too high?
Hongkong Chinese's current Scaled Net Operating Assets is 0.88. Overall, Hongkong Chinese has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hongkong Chinese's Scaled Net Operating Assets compare to CBRE and BEKE?
Hongkong Chinese's Scaled Net Operating Assets of 0.88 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 Hongkong Chinese and its competitors. Hongkong Chinese's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hongkong Chinese stock overvalued right now?
Based on GuruFocus' analysis, Hongkong Chinese (FRA:HKC) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.04 — trading 107.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. Hongkong Chinese's overall GF Score™ is 43/100 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 Hongkong Chinese (FRA:HKC), the current Scaled Net Operating Assets is 0.88 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 Hongkong Chinese (FRA:HKC) Overvalued in 2026?

Based on GuruFocus' analysis, Hongkong Chinese stock appears to be overvalued. The current stock price of €0.04 is trading 107.5% above its estimated GF Value™ of €0.02. GuruFocus considers Hongkong Chinese to be Significantly Overvalued.

Key valuation signals for FRA:HKC:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: €0.02 vs. price of €0.04 (107.5% above fair value)
  • GF Score™: 43/100 with 4 warning signs

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


Hongkong Chinese Business Description

Other Exchanges 00655:Hong Kong
Address Lippo Centre, 89 Queensway, 40th Floor, Tower Two, Hong Kong, HKG
Hongkong Chinese Ltd is an investment holding company. The company's operating segments are Property Investment, which includes investments relating to the letting and resale of properties and generates maximum revenue for the company; the Property development segment is into the development and sale of properties; the Treasury investment segment includes investments in money markets; the Securities investment segment invests in securities that are held for trading and for long-term strategic purpose; and Others. The geographical segments are Hong Kong, Mainland China, Singapore, Indonesia, and others. It derives maximum revenue from Singapore.
43GF Score

Get the complete analysis for FRA:HKC

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

€0.04
Price
€0.02
GF Value