Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Cathay Pacific Airways's operating assets for the quarter that ended in Dec. 2025 was €18,084 Mil. Cathay Pacific Airways's operating liabilities for the quarter that ended in Dec. 2025 was €6,348 Mil. Cathay Pacific Airways's Total Assets for the quarter that ended in Jun. 2025 was €18,813 Mil. Therefore, Cathay Pacific Airways's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.62.
Cathay Pacific Airways Scaled Net Operating Assets Related Terms
Cathay Pacific Airways Scaled Net Operating Assets Historical Data
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The historical data trend for Cathay Pacific Airways'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.
Cathay Pacific Airways Scaled Net Operating Assets Chart
HAM:CTY vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison
For the Airlines subindustry, Cathay Pacific Airways'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.
Cathay Pacific Airways Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways's Scaled Net Operating Assets falls into.
* 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 0.62 mean?
Cathay Pacific Airways (HAM:CTY) has a Scaled Net Operating Assets of 0.62 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 Cathay Pacific Airways and its competitors.
Is Cathay Pacific Airways' Scaled Net Operating Assets too high?
Cathay Pacific Airways' current Scaled Net Operating Assets is 0.62. Overall, Cathay Pacific Airways has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' Scaled Net Operating Assets compare to DAL and UAL?
Cathay Pacific Airways' Scaled Net Operating Assets of 0.62 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 Cathay Pacific Airways and its competitors. Cathay Pacific Airways's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Cathay Pacific Airways (HAM:CTY) has a current Scaled Net Operating Assets of 0.62. The stock's GF Value™ is €1.39, compared to a current price of €1.38 — trading 1% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. Cathay Pacific Airways' overall GF Score™ is 80/100 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 Cathay Pacific Airways (HAM:CTY), the current Scaled Net Operating Assets is 0.62 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 Cathay Pacific Airways (HAM:CTY) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued.
The current stock price of €1.38 is trading 1% below its estimated GF Value™ of €1.39.
Key valuation signals for HAM:CTY:
Scaled Net Operating Assets: 0.62
GF Value™: €1.39 vs. price of €1.38 (1% below fair value)
No single metric tells the full story. See the HAM:CTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
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