Wing On Co International (HKSE:00289) Scaled Net Operating Assets: 0.65 (As of Dec. 2025)

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HKSE:00289 Wing On Co International Ltd HKSE:00289
64 GF Score
Price HK$13.36
GF Value HK$9.98
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Wing On Co International Scaled Net Operating Assets?

Wing On Co International HKSE:00289 +1.06% 64 Scaled Net Operating Assets is 0.65 as of Dec. 2025. GuruFocus rates HKSE:00289 with a GF Score™ of 64/100 and a GF Value™ of HK$9.98 (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.

Wing On Co International's operating assets for the quarter that ended in Dec. 2025 was HK$12,929.7 Mil. Wing On Co International's operating liabilities for the quarter that ended in Dec. 2025 was HK$1,151.2 Mil. Wing On Co International's Total Assets for the quarter that ended in Jun. 2025 was HK$18,146.4 Mil. Therefore, Wing On Co International's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.65.


Wing On Co International Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Wing On Co International'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.

Wing On Co International Scaled Net Operating Assets Chart

Wing On Co International 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 0.74 0.71 0.72 0.65 0.65

Wing On Co International 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 0.71 0.69 0.66 0.67 0.65

HKSE:00289 vs DDS: Scaled Net Operating Assets Comparison

For the Department Stores subindustry, Wing On Co International'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.


Wing On Co International Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wing On Co International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Wing On Co International's Scaled Net Operating Assets falls into.


HKSE:00289
64GF Score
Wing On Co International Ltd HKSE:00289
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Wing On Co International 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.

Wing On Co International'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 )
=(12929.654-1151.209)/18068.602
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17661.555 - 4731.901
=12929.654

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1171.015 - 0.382 - 19.424
=1151.209

Wing On Co International'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 )
=(12929.654-1151.209)/18146.357
=0.65

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17661.555 - 4731.901
=12929.654

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1171.015 - 0.382 - 19.424
=1151.209

* 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 0.65 mean?
Wing On Co International (HKSE:00289) has a Scaled Net Operating Assets of 0.65 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 Wing On Co International and its competitors.
Is Wing On Co International's Scaled Net Operating Assets too high?
Wing On Co International's current Scaled Net Operating Assets is 0.65. Overall, Wing On Co International has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wing On Co International's Scaled Net Operating Assets compare to DDS?
Wing On Co International's Scaled Net Operating Assets of 0.65 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Wing On Co International and its competitors. Wing On Co International's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wing On Co International stock overvalued right now?
Based on GuruFocus' analysis, Wing On Co International (HKSE:00289) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$9.98, compared to a current price of HK$13.36 — trading 33.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Wing On Co International's overall GF Score™ is 64/100 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 Wing On Co International (HKSE:00289), the current Scaled Net Operating Assets is 0.65 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 Wing On Co International (HKSE:00289) Overvalued in 2026?

Based on GuruFocus' analysis, Wing On Co International stock appears to be overvalued. The current stock price of HK$13.36 is trading 33.9% above its estimated GF Value™ of HK$9.98. GuruFocus considers Wing On Co International to be Significantly Overvalued.

Key valuation signals for HKSE:00289:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: HK$9.98 vs. price of HK$13.36 (33.9% above fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wing On Co International Business Description

Address 211 Des Voeux Road Centrat, 7th Floor, Wing On Centre, Hong Kong, HKG
Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments, namely, Department Stores and Property Investment. The department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, the United States of America, and Mainland China. The firm derives the majority of its revenues from the department stores segment.
64GF 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.

HK$13.36
Price
HK$9.98
GF Value