Gemdale Properties and Investment (HKSE:00535) Scaled Net Operating Assets: 0.42 (As of Dec. 2025)

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What is Gemdale Properties and Investment Scaled Net Operating Assets?

Gemdale Properties and Investment HKSE:00535 -2.08% Scaled Net Operating Assets is 0.42 as of Dec. 2025. 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.

Gemdale Properties and Investment's operating assets for the quarter that ended in Dec. 2025 was HK$67,916 Mil. Gemdale Properties and Investment's operating liabilities for the quarter that ended in Dec. 2025 was HK$36,898 Mil. Gemdale Properties and Investment's Total Assets for the quarter that ended in Jun. 2025 was HK$73,903 Mil. Therefore, Gemdale Properties and Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.42.


Gemdale Properties and Investment Scaled Net Operating Assets Historical Data

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The historical data trend for Gemdale Properties and Investment'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.

Gemdale Properties and Investment Scaled Net Operating Assets Chart

Gemdale Properties and Investment 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 0.35 0.33 0.41 0.34 0.38

Gemdale Properties and Investment 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 0.36 0.36 0.36 0.42 0.42

Gemdale Properties and Investment Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Gemdale Properties and Investment'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.


Gemdale Properties and Investment Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemdale Properties and Investment's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gemdale Properties and Investment's Scaled Net Operating Assets falls into.



Gemdale Properties and Investment 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.

Gemdale Properties and Investment'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 )
=(67915.696-36898.074)/81134.473
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=69252.103 - 1336.407
=67915.696

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=49688.759 - 11163.176 - 1627.509
=36898.074

Gemdale Properties and Investment'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 )
=(67915.696-36898.074)/73903.141
=0.42

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=69252.103 - 1336.407
=67915.696

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=49688.759 - 11163.176 - 1627.509
=36898.074

* 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 0.42 mean?
Gemdale Properties and Investment (HKSE:00535) has a Scaled Net Operating Assets of 0.42 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 Gemdale Properties and Investment and its competitors.
Is Gemdale Properties and Investment's Scaled Net Operating Assets too high?
Gemdale Properties and Investment's current Scaled Net Operating Assets is 0.42.
How does Gemdale Properties and Investment's Scaled Net Operating Assets compare to competitors?
Gemdale Properties and Investment's Scaled Net Operating Assets of 0.42 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 Gemdale Properties and Investment and its competitors. Gemdale Properties and Investment's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemdale Properties and Investment stock overvalued right now?
Based on GuruFocus' analysis, Gemdale Properties and Investment (HKSE:00535) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.09 — trading 37.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. 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 Gemdale Properties and Investment (HKSE:00535), the current Scaled Net Operating Assets is 0.42 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.

Gemdale Properties and Investment Business Description

Address 111 Leighton Road, 16th Floor, Lee Garden Six, Causeway Bay, Hong Kong, HKG
Gemdale Properties and Investment Corp Ltd is an investment holding company engaged in real estate development and asset management. The Company develops, sells, invests in, and manages diversified properties including residential properties, industrial parks, commercial offices, rental housing, and commercial properties, while providing integrated spaces and services to businesses and individuals in cities. It operates through the Property Development segment, the Property Investment and Management segment, and the Corporate Others segment, with the Property Development segment generating the majority of the Company's revenue through the development and sale of residential and commercial properties. The Company generates almost all of its revenue from Mainland China.