King's Stone Holdings Group (HKSE:01943) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)

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HKSE:01943 King's Stone Holdings Group Ltd HKSE:01943
46 GF Score
Price HK$1.40
GF Value HK$0.99
Valuation Significantly Overvalued
! 5 Warning Signs
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What is King's Stone Holdings Group Scaled Net Operating Assets?

King's Stone Holdings Group HKSE:01943 +17.23% 46 Scaled Net Operating Assets is 0.57 as of Mar. 2026. GuruFocus rates HKSE:01943 with a GF Score™ of 46/100 and a GF Value™ of HK$0.99 (Significantly Overvalued). 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.

King's Stone Holdings Group's operating assets for the quarter that ended in Mar. 2026 was HK$539.3 Mil. King's Stone Holdings Group's operating liabilities for the quarter that ended in Mar. 2026 was HK$445.8 Mil. King's Stone Holdings Group's Total Assets for the quarter that ended in Sep. 2025 was HK$164.3 Mil. Therefore, King's Stone Holdings Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


King's Stone Holdings Group Scaled Net Operating Assets Historical Data

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The historical data trend for King's Stone 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.

King's Stone Holdings Group Scaled Net Operating Assets Chart

King's Stone 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 0.51 0.50 0.28 0.36 0.64

King's Stone Holdings Group Semi-Annual Data
Mar16 Mar17 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 0.29 0.37 0.54 0.41 0.57

HKSE:01943 vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, King's Stone 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.


King's Stone Holdings Group Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, King's Stone Holdings Group's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:01943
46GF Score
King's Stone Holdings Group Ltd HKSE:01943
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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King's Stone 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.

King's Stone 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 )
=(539.275-445.844)/146.394
=0.64

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=563.63 - 24.355
=539.275

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=448.466 - 1.743 - 0.879
=445.844

King's Stone 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 )
=(539.275-445.844)/164.252
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=563.63 - 24.355
=539.275

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=448.466 - 1.743 - 0.879
=445.844

* 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 0.57 mean?
King's Stone Holdings Group (HKSE:01943) has a Scaled Net Operating Assets of 0.57 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 King's Stone Holdings Group and its competitors.
Is King's Stone Holdings Group's Scaled Net Operating Assets too high?
King's Stone Holdings Group's current Scaled Net Operating Assets is 0.57. Overall, King's Stone Holdings Group has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does King's Stone Holdings Group's Scaled Net Operating Assets compare to CRH and VMC?
King's Stone Holdings Group's Scaled Net Operating Assets of 0.57 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 King's Stone Holdings Group and its competitors. King's Stone Holdings Group's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King's Stone Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, King's Stone Holdings Group (HKSE:01943) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.99, compared to a current price of HK$1.40 — trading 40.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. King's Stone Holdings Group's overall GF Score™ is 46/100 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 King's Stone Holdings Group (HKSE:01943), the current Scaled Net Operating Assets is 0.57 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 King's Stone Holdings Group (HKSE:01943) Overvalued in 2026?

Based on GuruFocus' analysis, King's Stone Holdings Group stock appears to be overvalued. The current stock price of HK$1.40 is trading 40.9% above its estimated GF Value™ of HK$0.99. GuruFocus considers King's Stone Holdings Group to be Significantly Overvalued.

Key valuation signals for HKSE:01943:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: HK$0.99 vs. price of HK$1.40 (40.9% above fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the HKSE:01943 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


King's Stone Holdings Group Business Description

Address 18 Harcourt Road, Room 2701B, 27th Floor, Tower 1, Admiralty Center, Admiralty, Hong Kong, HKG
King's Stone Holdings Group Ltd is an investment holding company. The company is principally engaged in providing construction services including traditional formwork using timber and plywood, system formwork using aluminum and steel, and ancillary works such as concrete works and reinforcement works for the public and private sectors and securities dealing and broking. Geographically, the company derives revenue from Hong Kong.
46GF Score

Get the complete analysis for HKSE:01943

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

HK$1.40
Price
HK$0.99
GF Value