Grand Ming Group Holdings (HKSE:01271) Scaled Net Operating Assets: 0.96 (As of Sep. 2025)

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:01271 Grand Ming Group Holdings Ltd HKSE:01271
47 GF Score
Price HK$0.22
GF Value HK$1.50
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Grand Ming Group Holdings Scaled Net Operating Assets?

Grand Ming Group Holdings HKSE:01271 +0.45% 47 Scaled Net Operating Assets is 0.96 as of Sep. 2025. GuruFocus rates HKSE:01271 with a GF Score™ of 47/100 and a GF Value™ of HK$1.50 (Possible Value Trap). The stock has 5 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.

Grand Ming Group Holdings's operating assets for the quarter that ended in Sep. 2025 was HK$9,363.1 Mil. Grand Ming Group Holdings's operating liabilities for the quarter that ended in Sep. 2025 was HK$596.2 Mil. Grand Ming Group Holdings's Total Assets for the quarter that ended in Mar. 2025 was HK$9,096.3 Mil. Therefore, Grand Ming Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.96.


Grand Ming Group Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Grand Ming Group 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.

Grand Ming Group Holdings Scaled Net Operating Assets Chart

Grand Ming Group Holdings 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 0.70 0.69 1.08 0.91 0.92

Grand Ming Group Holdings 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 0.98 0.96 0.89 0.96 0.89

HKSE:01271 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Grand Ming Group 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.


Grand Ming Group Holdings Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's Scaled Net Operating Assets falls into.


HKSE:01271
47GF Score
Grand Ming Group Holdings Ltd HKSE:01271
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grand Ming Group 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.

Grand Ming Group 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 )
=(9062.711-564.583)/9386.245
=0.91

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9096.335 - 33.624
=9062.711

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6375.509 - 744.434 - 5066.492
=564.583

Grand Ming Group 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 )
=(9363.125-596.242)/9096.335
=0.96

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9405.751 - 42.626
=9363.125

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6712.69 - 733.558 - 5382.89
=596.242

* 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 0.96 mean?
Grand Ming Group Holdings (HKSE:01271) has a Scaled Net Operating Assets of 0.96 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 Grand Ming Group Holdings and its competitors.
Is Grand Ming Group Holdings' Scaled Net Operating Assets too high?
Grand Ming Group Holdings' current Scaled Net Operating Assets is 0.96. Overall, Grand Ming Group Holdings has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grand Ming Group Holdings' Scaled Net Operating Assets compare to PWR and FIX?
Grand Ming Group Holdings' Scaled Net Operating Assets of 0.96 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Grand Ming Group Holdings and its competitors. Grand Ming Group Holdings's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Ming Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grand Ming Group Holdings (HKSE:01271) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.50, compared to a current price of HK$0.22 — trading 85.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Grand Ming Group Holdings' overall GF Score™ is 47/100 with 5 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 Grand Ming Group Holdings (HKSE:01271), the current Scaled Net Operating Assets is 0.96 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 Grand Ming Group Holdings (HKSE:01271) Overvalued in 2026?

Based on GuruFocus' analysis, Grand Ming Group Holdings stock appears to be undervalued. The current stock price of HK$0.22 is trading 85.3% below its estimated GF Value™ of HK$1.50. GuruFocus considers Grand Ming Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01271:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: HK$1.50 vs. price of HK$0.22 (85.3% below fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the HKSE:01271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grand Ming Group Holdings Business Description

Address No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.
47GF Score

Get the complete analysis for HKSE:01271

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

HK$0.22
Price
HK$1.50
GF Value