GC Construction Holdings (HKSE:01489) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)

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HKSE:01489 GC Construction Holdings Ltd HKSE:01489
52 GF Score
Price HK$0.87
GF Value HK$0.21
Valuation Significantly Overvalued
! 6 Warning Signs
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What is GC Construction Holdings Scaled Net Operating Assets?

GC Construction Holdings HKSE:01489 +20.83% 52 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates HKSE:01489 with a GF Score™ of 52/100 and a GF Value™ of HK$0.21 (Significantly Overvalued). The stock has 6 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.

GC Construction Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$194.1 Mil. GC Construction Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$21.8 Mil. GC Construction Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$297.7 Mil. Therefore, GC Construction Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


GC Construction Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for GC Construction 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.

GC Construction Holdings Scaled Net Operating Assets Chart

GC Construction Holdings Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.62 1.08 0.68 0.68 0.54

GC Construction Holdings Semi-Annual Data
Mar19 Mar20 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 0.67 0.69 0.71 0.79 0.58

HKSE:01489 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, GC Construction 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.


GC Construction Holdings Scaled Net Operating Assets vs Construction Industry

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

* The bar in red indicates where GC Construction Holdings's Scaled Net Operating Assets falls into.


HKSE:01489
52GF Score
GC Construction Holdings Ltd HKSE:01489
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GC Construction 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.

GC Construction Holdings'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 )
=(194.11-21.76)/321.06
=0.54

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=247.648 - 53.538
=194.11

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36.076 - 2.505 - 11.811
=21.76

GC Construction Holdings'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 )
=(194.11-21.76)/297.685
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=247.648 - 53.538
=194.11

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36.076 - 2.505 - 11.811
=21.76

* 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 0.58 mean?
GC Construction Holdings (HKSE:01489) has a Scaled Net Operating Assets of 0.58 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 GC Construction Holdings and its competitors.
Is GC Construction Holdings' Scaled Net Operating Assets too high?
GC Construction Holdings' current Scaled Net Operating Assets is 0.58. Overall, GC Construction Holdings has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GC Construction Holdings' Scaled Net Operating Assets compare to PWR and FIX?
GC Construction Holdings' Scaled Net Operating Assets of 0.58 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 GC Construction Holdings and its competitors. GC Construction Holdings's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GC Construction Holdings stock overvalued right now?
Based on GuruFocus' analysis, GC Construction Holdings (HKSE:01489) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.21, compared to a current price of HK$0.87 — trading 314.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. GC Construction Holdings' overall GF Score™ is 52/100 with 6 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 GC Construction Holdings (HKSE:01489), the current Scaled Net Operating Assets is 0.58 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 GC Construction Holdings (HKSE:01489) Overvalued in 2026?

Based on GuruFocus' analysis, GC Construction Holdings stock appears to be overvalued. The current stock price of HK$0.87 is trading 314.3% above its estimated GF Value™ of HK$0.21. GuruFocus considers GC Construction Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01489:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: HK$0.21 vs. price of HK$0.87 (314.3% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GC Construction Holdings Business Description

Address 833 Cheung Sha Wan Road, Unit 909, 9th Floor, Tower 1, Cheung Sha Wan Plaza, Kowloon, Hong Kong, HKG
GC Construction Holdings Ltd is a wet trades contractor in Hong Kong. The wet trades works performed by the Group mainly included plastering, tile laying, bricklaying, floor screening, and marble works in both public sector projects and private sector projects in Hong Kong. Private sector projects mainly involved private residential developments and commercial developments, and Public sector projects mainly involved public residential developments as well as infrastructure and public facilities developments. It generates the majority of its revenue from Hong Kong.
52GF Score

Get the complete analysis for HKSE:01489

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

HK$0.87
Price
HK$0.21
GF Value