DL Holdings Group (HKSE:01709) Scaled Net Operating Assets: 1.30 (As of Mar. 2026)

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HKSE:01709 DL Holdings Group Ltd HKSE:01709
52 GF Score
Price HK$1.03
GF Value HK$5.39
Valuation Possible Value Trap
! 5 Warning Signs
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What is DL Holdings Group Scaled Net Operating Assets?

DL Holdings Group HKSE:01709 +3.00% 52 Scaled Net Operating Assets is 1.30 as of Mar. 2026. GuruFocus rates HKSE:01709 with a GF Score™ of 52/100 and a GF Value™ of HK$5.39 (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.

DL Holdings Group's operating assets for the quarter that ended in Mar. 2026 was HK$2,984.8 Mil. DL Holdings Group's operating liabilities for the quarter that ended in Mar. 2026 was HK$228.4 Mil. DL Holdings Group's Total Assets for the quarter that ended in Sep. 2025 was HK$2,128.2 Mil. Therefore, DL Holdings Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.30.


DL Holdings Group Scaled Net Operating Assets Historical Data

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The historical data trend for DL Holdings 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.

DL Holdings Group Scaled Net Operating Assets Chart

DL Holdings 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 0.92 0.58 0.88 1.05 2.14

DL Holdings 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 1.17 0.83 1.04 1.02 1.30

HKSE:01709 vs FRHC, VOYA: Scaled Net Operating Assets Comparison

For the Financial Conglomerates subindustry, DL Holdings 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.


DL Holdings Group Scaled Net Operating Assets vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, DL Holdings Group's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:01709
52GF Score
DL Holdings Group Ltd HKSE:01709
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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DL Holdings 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.

DL Holdings 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 )
=(2984.795-228.448)/1289.925
=2.14

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3354.346 - 369.551
=2984.795

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=632.923 - 89.081 - 315.394
=228.448

DL Holdings 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 )
=(2984.795-228.448)/2128.17
=1.30

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3354.346 - 369.551
=2984.795

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=632.923 - 89.081 - 315.394
=228.448

* 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 1.30 mean?
DL Holdings Group (HKSE:01709) has a Scaled Net Operating Assets of 1.30 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 DL Holdings Group and its competitors.
Is DL Holdings Group's Scaled Net Operating Assets too high?
DL Holdings Group's current Scaled Net Operating Assets is 1.30. Overall, DL Holdings Group has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DL Holdings Group's Scaled Net Operating Assets compare to FRHC and VOYA?
DL Holdings Group's Scaled Net Operating Assets of 1.30 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Scaled Net Operating Assets depends on the Diversified Financial Services 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 DL Holdings Group and its competitors. DL Holdings Group's current Scaled Net Operating Assets is 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DL Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, DL Holdings Group (HKSE:01709) is currently considered Possible Value Trap. The stock's GF Value™ is HK$5.39, compared to a current price of HK$1.03 — trading 80.9% below its estimated fair value. The current Scaled Net Operating Assets is 1.30. DL Holdings Group's overall GF Score™ is 52/100 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 DL Holdings Group (HKSE:01709), the current Scaled Net Operating Assets is 1.30 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 DL Holdings Group (HKSE:01709) Overvalued in 2026?

Based on GuruFocus' analysis, DL Holdings Group stock appears to be undervalued. The current stock price of HK$1.03 is trading 80.9% below its estimated GF Value™ of HK$5.39. GuruFocus considers DL Holdings Group to be Possible Value Trap.

Key valuation signals for HKSE:01709:

  • Scaled Net Operating Assets: 1.30
  • GF Value™: HK$5.39 vs. price of HK$1.03 (80.9% below fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the HKSE:01709 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DL Holdings Group Business Description

Address 28 Heung Yip Road, Room 2902, 29th Floor, Vertical Square, Wong Chuk Hang, Hong Kong, HKG
DL Holdings Group Ltd is an investment holding company. It operates in given segments that include Sales of apparel products, Financial services of the licensed business, Family office services business, Money lending services and Enterprise solutions services, Sales of apparel products. The company generates the majority of its revenue from Financial services which include the provision of financial advisory services; securities research services; securities trading and brokerage services; margin financing services; referral services; and investment management and advisory services to the customers.
52GF Score

Get the complete analysis for HKSE:01709

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

HK$1.03
Price
HK$5.39
GF Value