ICO Group (HKSE:01460) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)

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HKSE:01460 ICO Group Ltd HKSE:01460
63 GF Score
Price HK$0.24
GF Value HK$0.25
Valuation Fairly Valued
! 3 Warning Signs
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What is ICO Group Scaled Net Operating Assets?

ICO Group HKSE:01460 +1.28% 63 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates HKSE:01460 with a GF Score™ of 63/100 and a GF Value™ of HK$0.25 (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.

ICO Group's operating assets for the quarter that ended in Mar. 2026 was HK$864 Mil. ICO Group's operating liabilities for the quarter that ended in Mar. 2026 was HK$449 Mil. ICO Group's Total Assets for the quarter that ended in Sep. 2025 was HK$940 Mil. Therefore, ICO Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


ICO Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ICO 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.

ICO Group Scaled Net Operating Assets Chart

ICO 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 0.72 0.50 0.37 0.28 0.39

ICO 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 0.38 0.38 0.27 0.39 0.44

HKSE:01460 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, ICO 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.


ICO Group Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, ICO Group's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:01460
63GF Score
ICO Group Ltd HKSE:01460
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ICO 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.

ICO 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 )
=(864.385-448.798)/1063.722
=0.39

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1109.373 - 244.988
=864.385

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=485.814 - 36.339 - 0.677
=448.798

ICO 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 )
=(864.385-448.798)/940.219
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1109.373 - 244.988
=864.385

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=485.814 - 36.339 - 0.677
=448.798

* 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 0.44 mean?
ICO Group (HKSE:01460) has a Scaled Net Operating Assets of 0.44 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 ICO Group and its competitors.
Is ICO Group's Scaled Net Operating Assets too high?
ICO Group's current Scaled Net Operating Assets is 0.44. Overall, ICO Group has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICO Group's Scaled Net Operating Assets compare to IBM and ACN?
ICO Group's Scaled Net Operating Assets of 0.44 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 ICO Group and its competitors. ICO Group's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICO Group stock overvalued right now?
Based on GuruFocus' analysis, ICO Group (HKSE:01460) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.24 — trading 5.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. ICO Group's overall GF Score™ is 63/100 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 ICO Group (HKSE:01460), the current Scaled Net Operating Assets is 0.44 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 ICO Group (HKSE:01460) Overvalued in 2026?

Based on GuruFocus' analysis, ICO Group stock appears to be undervalued. The current stock price of HK$0.24 is trading 5.2% below its estimated GF Value™ of HK$0.25. GuruFocus considers ICO Group to be Fairly Valued.

Key valuation signals for HKSE:01460:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: HK$0.25 vs. price of HK$0.24 (5.2% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ICO Group Business Description

Address No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG
ICO Group Ltd, along with its subsidiaries, is engaged in the provision of Information technology (IT) solutions and services. The business activity of the group functions through IT application and solution development, IT infrastructure solutions, IT secondment services, IT maintenance and support services, and Property leasing reportable business segments. The group derives a majority of its revenue from the IT Infrastructure solutions segment, which provides design and implementation of IT application solution services and procurement of third-party hardware and software. Geographically, it generates maximum revenue from Hong Kong, and the rest from Malaysia.
63GF Score

Get the complete analysis for HKSE:01460

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

HK$0.24
Price
HK$0.25
GF Value