Gemini Investments (Holdings) (HKSE:00174) Scaled Net Operating Assets: 0.81 (As of Dec. 2025)

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HKSE:00174 Gemini Investments (Holdings) Ltd HKSE:00174
37 GF Score
Price HK$0.16
GF Value HK$0.18
Valuation Fairly Valued
! 7 Warning Signs
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What is Gemini Investments (Holdings) Scaled Net Operating Assets?

Gemini Investments (Holdings) HKSE:00174 -4.65% 37 Scaled Net Operating Assets is 0.81 as of Dec. 2025. GuruFocus rates HKSE:00174 with a GF Score™ of 37/100 and a GF Value™ of HK$0.18 (Fairly Valued). The stock has 7 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.

Gemini Investments (Holdings)'s operating assets for the quarter that ended in Dec. 2025 was HK$8,687.3 Mil. Gemini Investments (Holdings)'s operating liabilities for the quarter that ended in Dec. 2025 was HK$951.3 Mil. Gemini Investments (Holdings)'s Total Assets for the quarter that ended in Jun. 2025 was HK$9,574.8 Mil. Therefore, Gemini Investments (Holdings)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.81.


Gemini Investments (Holdings) Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Gemini Investments (Holdings)'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.

Gemini Investments (Holdings) Scaled Net Operating Assets Chart

Gemini Investments (Holdings) 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 0.69 0.68 0.68 0.82 0.77

Gemini Investments (Holdings) 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 0.75 0.84 0.83 0.81 0.81

HKSE:00174 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Gemini Investments (Holdings)'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.


Gemini Investments (Holdings) Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemini Investments (Holdings)'s Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gemini Investments (Holdings)'s Scaled Net Operating Assets falls into.


HKSE:00174
37GF Score
Gemini Investments (Holdings) Ltd HKSE:00174
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gemini Investments (Holdings) 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.

Gemini Investments (Holdings)'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 )
=(8687.265-951.334)/10118.632
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9144.646 - 457.381
=8687.265

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4289.218 - 2186.391 - 1151.493
=951.334

Gemini Investments (Holdings)'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 )
=(8687.265-951.334)/9574.819
=0.81

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9144.646 - 457.381
=8687.265

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4289.218 - 2186.391 - 1151.493
=951.334

* 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 0.81 mean?
Gemini Investments (Holdings) (HKSE:00174) has a Scaled Net Operating Assets of 0.81 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 Gemini Investments (Holdings) and its competitors.
Is Gemini Investments (Holdings)'s Scaled Net Operating Assets too high?
Gemini Investments (Holdings)'s current Scaled Net Operating Assets is 0.81. Overall, Gemini Investments (Holdings) has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gemini Investments (Holdings)'s Scaled Net Operating Assets compare to CBRE and BEKE?
Gemini Investments (Holdings)'s Scaled Net Operating Assets of 0.81 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 Gemini Investments (Holdings) and its competitors. Gemini Investments (Holdings)'s current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemini Investments (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Gemini Investments (Holdings) (HKSE:00174) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.16 — trading 8.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Gemini Investments (Holdings)'s overall GF Score™ is 37/100 with 7 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 Gemini Investments (Holdings) (HKSE:00174), the current Scaled Net Operating Assets is 0.81 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 Gemini Investments (Holdings) (HKSE:00174) Overvalued in 2026?

Based on GuruFocus' analysis, Gemini Investments (Holdings) stock appears to be undervalued. The current stock price of HK$0.16 is trading 8.9% below its estimated GF Value™ of HK$0.18. GuruFocus considers Gemini Investments (Holdings) to be Fairly Valued.

Key valuation signals for HKSE:00174:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: HK$0.18 vs. price of HK$0.16 (8.9% below fair value)
  • GF Score™: 37/100 with 7 warning signs

No single metric tells the full story. See the HKSE:00174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gemini Investments (Holdings) Business Description

Address 88 Queensway, Suite 610, One Pacific Place, Hong Kong, HKG
Gemini Investments (Holdings) Ltd is a Hong Kong-based investment holding company. Along with its subsidiaries, the company operates in the following reportable segments: Property investment in the United States of America, Property development in the U.S., Property investment in Hong Kong, Fund investments, and Securities and other investments. A majority of its revenue is generated from the Property investment in the United States of America, which generates revenue through rental income, ancillary service income from leasing of office property and residential condominiums, and management service income. Geographically, the company generates maximum revenue from the United States, and the rest from Hong Kong and other regions.
37GF Score

Get the complete analysis for HKSE:00174

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

HK$0.16
Price
HK$0.18
GF Value