National United Resources Holdings (HKSE:00254) Scaled Net Operating Assets: 0.35 (As of Dec. 2025)

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HKSE:00254 National United Resources Holdings Ltd HKSE:00254
20 GF Score
Price HK$0.24
GF Value HK$0.27
Valuation Modestly Undervalued
! 6 Warning Signs
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What is National United Resources Holdings Scaled Net Operating Assets?

National United Resources Holdings HKSE:00254 -4.45% 20 Scaled Net Operating Assets is 0.35 as of Dec. 2025. GuruFocus rates HKSE:00254 with a GF Score™ of 20/100 and a GF Value™ of HK$0.27 (Modestly Undervalued). The stock has 6 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.

National United Resources Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$349.55 Mil. National United Resources Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$151.55 Mil. National United Resources Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$564.55 Mil. Therefore, National United Resources Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.35.


National United Resources Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for National United Resources 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.

National United Resources Holdings Scaled Net Operating Assets Chart

National United Resources Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.35 0.46 0.57 0.68

National United Resources Holdings Semi-Annual Data
Jun15 Dec15 Dec16 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 0.30 0.51 0.33 0.58 0.35

HKSE:00254 vs URI, SUNB, AER: Scaled Net Operating Assets Comparison

For the Rental & Leasing Services subindustry, National United Resources 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.


National United Resources Holdings Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, National United Resources Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National United Resources Holdings's Scaled Net Operating Assets falls into.


HKSE:00254
20GF Score
National United Resources Holdings Ltd HKSE:00254
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National United Resources 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.

National United Resources Holdings'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 )
=(451.292-131.548)/472.083
=0.68

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=564.554 - 113.262
=451.292

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=519.623 - 3.98 - 384.095
=131.548

National United Resources 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 )
=(349.545-151.553)/564.554
=0.35

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=529.644 - 180.099
=349.545

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=452.739 - 3.2 - 297.986
=151.553

* 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 0.35 mean?
National United Resources Holdings (HKSE:00254) has a Scaled Net Operating Assets of 0.35 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 National United Resources Holdings and its competitors.
Is National United Resources Holdings' Scaled Net Operating Assets too high?
National United Resources Holdings' current Scaled Net Operating Assets is 0.35. Overall, National United Resources Holdings has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National United Resources Holdings' Scaled Net Operating Assets compare to URI and SUNB?
National United Resources Holdings' Scaled Net Operating Assets of 0.35 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 National United Resources Holdings and its competitors. National United Resources Holdings's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National United Resources Holdings stock overvalued right now?
Based on GuruFocus' analysis, National United Resources Holdings (HKSE:00254) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.24 — trading 12.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.35. National United Resources Holdings' overall GF Score™ is 20/100 with 6 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 National United Resources Holdings (HKSE:00254), the current Scaled Net Operating Assets is 0.35 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 National United Resources Holdings (HKSE:00254) Overvalued in 2026?

Based on GuruFocus' analysis, National United Resources Holdings stock appears to be undervalued. The current stock price of HK$0.24 is trading 12.6% below its estimated GF Value™ of HK$0.27. GuruFocus considers National United Resources Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:00254:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: HK$0.27 vs. price of HK$0.24 (12.6% below fair value)
  • GF Score™: 20/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National United Resources Holdings Business Description

Address 141 Des Voeux Road Central, Room 2701, 27th Floor, China Insurance Group Building, Hong Kong, HKG
National United Resources Holdings Ltd is an investment holding company. the principal activities of the company are (i) provision of car rental and shuttle bus services; (ii) provision of cloud computing, traffic operations and digital transformation services via private owned and constructed data analytics infrastructure with system application software of computational analytics and processing center (CAPC); (iii) the research and development, production, sales and service of industry information solutions and (iv) acting as intermediary selling computer hardware to customers. The company has two reportable operating segments: a) Car rental and shuttle bus business, and b) Information technology business, the majority revenue generating segment.
20GF Score

Get the complete analysis for HKSE:00254

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

HK$0.24
Price
HK$0.27
GF Value