Mei Ah Entertainment Group (HKSE:00391) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:00391 Mei Ah Entertainment Group Ltd HKSE:00391
33 GF Score
Price HK$0.32
GF Value HK$0.12
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Mei Ah Entertainment Group Scaled Net Operating Assets?

Mei Ah Entertainment Group HKSE:00391 +5.00% 33 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates HKSE:00391 with a GF Score™ of 33/100 and a GF Value™ of HK$0.12 (Significantly Overvalued). The stock has 9 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.

Mei Ah Entertainment Group's operating assets for the quarter that ended in Mar. 2026 was HK$510.58 Mil. Mei Ah Entertainment Group's operating liabilities for the quarter that ended in Mar. 2026 was HK$107.49 Mil. Mei Ah Entertainment Group's Total Assets for the quarter that ended in Sep. 2025 was HK$569.33 Mil. Therefore, Mei Ah Entertainment Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Mei Ah Entertainment Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mei Ah Entertainment Group'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.

Mei Ah Entertainment Group Scaled Net Operating Assets Chart

Mei Ah Entertainment Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.69 0.72 0.64 0.69

Mei Ah Entertainment Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.72 0.68 0.73 0.71

HKSE:00391 vs NFLX, DIS, WBD: Scaled Net Operating Assets Comparison

For the Entertainment subindustry, Mei Ah Entertainment Group'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.


Mei Ah Entertainment Group Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mei Ah Entertainment Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mei Ah Entertainment Group's Scaled Net Operating Assets falls into.


HKSE:00391
33GF Score
Mei Ah Entertainment Group Ltd HKSE:00391
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mei Ah Entertainment Group 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.

Mei Ah Entertainment Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(510.578-107.485)/588.178
=0.69

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=533.209 - 22.631
=510.578

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=328.593 - 181.753 - 39.355
=107.485

Mei Ah Entertainment Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(510.578-107.485)/569.325
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=533.209 - 22.631
=510.578

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=328.593 - 181.753 - 39.355
=107.485

* 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 0.71 mean?
Mei Ah Entertainment Group (HKSE:00391) has a Scaled Net Operating Assets of 0.71 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mei Ah Entertainment Group and its competitors.
Is Mei Ah Entertainment Group's Scaled Net Operating Assets too high?
Mei Ah Entertainment Group's current Scaled Net Operating Assets is 0.71. Overall, Mei Ah Entertainment Group has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mei Ah Entertainment Group's Scaled Net Operating Assets compare to NFLX and DIS?
Mei Ah Entertainment Group's Scaled Net Operating Assets of 0.71 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Mei Ah Entertainment Group and its competitors. Mei Ah Entertainment Group's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mei Ah Entertainment Group stock overvalued right now?
Based on GuruFocus' analysis, Mei Ah Entertainment Group (HKSE:00391) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.32 — trading 162.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Mei Ah Entertainment Group's overall GF Score™ is 33/100 with 9 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 Mei Ah Entertainment Group (HKSE:00391), the current Scaled Net Operating Assets is 0.71 as of Mar. 2026. 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 Mei Ah Entertainment Group (HKSE:00391) Overvalued in 2026?

Based on GuruFocus' analysis, Mei Ah Entertainment Group stock appears to be overvalued. The current stock price of HK$0.32 is trading 162.5% above its estimated GF Value™ of HK$0.12. GuruFocus considers Mei Ah Entertainment Group to be Significantly Overvalued.

Key valuation signals for HKSE:00391:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: HK$0.12 vs. price of HK$0.32 (162.5% above fair value)
  • GF Score™: 33/100 with 9 warning signs

No single metric tells the full story. See the HKSE:00391 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mei Ah Entertainment Group Business Description

Address 28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG
Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organisation; and Subcontracting service income. The company generates maximum revenue from the Channel operations segment. The company also generates other income from Rental income from investment properties; and Management fee income.
33GF Score

Get the complete analysis for HKSE:00391

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

HK$0.32
Price
HK$0.12
GF Value