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.
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.
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Macau Legend Development's operating assets for the quarter that ended in Dec. 2025 was HK$4,406.1 Mil. Macau Legend Development's operating liabilities for the quarter that ended in Dec. 2025 was HK$478.1 Mil. Macau Legend Development's Total Assets for the quarter that ended in Jun. 2025 was HK$4,444.1 Mil. Therefore, Macau Legend Development's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.
Macau Legend Development Scaled Net Operating Assets Related Terms
Macau Legend Development Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Macau Legend Development'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.
Macau Legend Development Scaled Net Operating Assets Chart
HKSE:01680 vs LVS, MGM, WYNN: Scaled Net Operating Assets Comparison
For the Resorts & Casinos subindustry, Macau Legend Development'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.
Macau Legend Development Scaled Net Operating Assets vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Macau Legend Development's Scaled Net Operating Assets falls into.
* 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 0.88 mean?
Macau Legend Development (HKSE:01680) has a Scaled Net Operating Assets of 0.88 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 Macau Legend Development and its competitors.
Is Macau Legend Development's Scaled Net Operating Assets too high?
Macau Legend Development's current Scaled Net Operating Assets is 0.88. Overall, Macau Legend Development has a GF Score™ of 15/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Macau Legend Development's Scaled Net Operating Assets compare to LVS and MGM?
Macau Legend Development's Scaled Net Operating Assets of 0.88 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Macau Legend Development and its competitors. Macau Legend Development's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macau Legend Development stock overvalued right now?
Based on GuruFocus' analysis, Macau Legend Development (HKSE:01680) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.77, compared to a current price of HK$0.11 — trading 86.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.88. Macau Legend Development's overall GF Score™ is 15/100 with 4 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 Macau Legend Development (HKSE:01680), the current Scaled Net Operating Assets is 0.88 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.
Is Macau Legend Development (HKSE:01680) Overvalued in 2026?
Based on GuruFocus' analysis, Macau Legend Development stock appears to be undervalued.
The current stock price of HK$0.11 is trading 86.1% below its estimated GF Value™ of HK$0.77.
GuruFocus considers Macau Legend Development to be Possible Value Trap.
Key valuation signals for HKSE:01680:
Scaled Net Operating Assets: 0.88
GF Value™: HK$0.77 vs. price of HK$0.11 (86.1% below fair value)
No single metric tells the full story. See the HKSE:01680 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macau Legend Development Ltd is an investment holdings company. Its businesses include the provision of gaming services to SJM 's casino in its property, namely the Legend Palace Casino in MFW under the Service Agreement; and the operation of hotels, entertainment and leisure facilities within its properties. The company's segment includes: Gaming and Non-gaming. It derives maximum revenue from Non-Gaming segment, which includes operations at MFW including hotel and other operations such as licensing income from the shops, provision of building management service, food and beverage and others. The Group's operations are located on Macau and others (including Cambodia and Cape Verde).
15GF Score
Get the complete analysis for HKSE:01680
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01680 has been successfully added to your 
