Hong Kong Economic Times Holdings (HKSE:00423) Scaled Net Operating Assets: 0.35 (As of Sep. 2025)


HKSE:00423 Hong Kong Economic Times Holdings Ltd HKSE:00423
42 GF Score
Price HK$0.69
GF Value HK$0.70
Valuation Fairly Valued
! 3 Warning Signs
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What is Hong Kong Economic Times Holdings Scaled Net Operating Assets?

Hong Kong Economic Times Holdings HKSE:00423 -1.43% 42 Scaled Net Operating Assets is 0.35 as of Sep. 2025. GuruFocus rates HKSE:00423 with a GF Score™ of 42/100 and a GF Value™ of HK$0.70 (Fairly Valued). The stock has 3 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.

Hong Kong Economic Times Holdings's operating assets for the quarter that ended in Sep. 2025 was HK$592.4 Mil. Hong Kong Economic Times Holdings's operating liabilities for the quarter that ended in Sep. 2025 was HK$214.3 Mil. Hong Kong Economic Times Holdings's Total Assets for the quarter that ended in Mar. 2025 was HK$1,068.8 Mil. Therefore, Hong Kong Economic Times Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.35.


Hong Kong Economic Times Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings Scaled Net Operating Assets Chart

Hong Kong Economic Times Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.38 0.37 0.32 0.32

Hong Kong Economic Times Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.39 0.34 0.35 0.35 0.35

HKSE:00423 vs NYT, WLY: Scaled Net Operating Assets Comparison

For the Publishing subindustry, Hong Kong Economic Times 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.


Hong Kong Economic Times Holdings Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Scaled Net Operating Assets falls into.


HKSE:00423
42GF Score
Hong Kong Economic Times Holdings Ltd HKSE:00423
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(609.03-229.983)/1168.595
=0.32

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1068.806 - 459.776
=609.03

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=238.684 - 0.871 - 7.83
=229.983

Hong Kong Economic Times Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(592.363-214.277)/1068.806
=0.35

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1005.074 - 412.711
=592.363

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=219.606 - 0.591 - 4.738
=214.277

* 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?
Hong Kong Economic Times Holdings (HKSE:00423) has a Scaled Net Operating Assets of 0.35 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hong Kong Economic Times Holdings and its competitors.
Is Hong Kong Economic Times Holdings' Scaled Net Operating Assets too high?
Hong Kong Economic Times Holdings' current Scaled Net Operating Assets is 0.35. Overall, Hong Kong Economic Times Holdings has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Economic Times Holdings' Scaled Net Operating Assets compare to NYT and WLY?
Hong Kong Economic Times Holdings' Scaled Net Operating Assets of 0.35 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 Hong Kong Economic Times Holdings and its competitors. Hong Kong Economic Times 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 Hong Kong Economic Times Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Economic Times Holdings (HKSE:00423) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.70, compared to a current price of HK$0.69 — trading 1.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.35. Hong Kong Economic Times Holdings' overall GF Score™ is 42/100 with 3 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 Hong Kong Economic Times Holdings (HKSE:00423), the current Scaled Net Operating Assets is 0.35 as of Sep. 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 Hong Kong Economic Times Holdings (HKSE:00423) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Economic Times Holdings stock appears to be undervalued. The current stock price of HK$0.69 is trading 1.4% below its estimated GF Value™ of HK$0.70. GuruFocus considers Hong Kong Economic Times Holdings to be Fairly Valued.

Key valuation signals for HKSE:00423:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: HK$0.70 vs. price of HK$0.69 (1.4% below fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the HKSE:00423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong Economic Times Holdings Business Description

Address 321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG
Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.
42GF Score

Get the complete analysis for HKSE:00423

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

HK$0.69
Price
HK$0.70
GF Value