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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Fulu Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$1,352.5 Mil. Fulu Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$421.7 Mil. Fulu Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$1,931.6 Mil. Therefore, Fulu Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.48.
Fulu Holdings Scaled Net Operating Assets Related Terms
Fulu Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for Fulu 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.
HKSE:02101 vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison
For the Internet Retail subindustry, Fulu 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.
Fulu Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Fulu Holdings'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 0.48 mean?
Fulu Holdings (HKSE:02101) has a Scaled Net Operating Assets of 0.48 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 Fulu Holdings and its competitors.
Is Fulu Holdings' Scaled Net Operating Assets too high?
Fulu Holdings' current Scaled Net Operating Assets is 0.48. Overall, Fulu Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fulu Holdings' Scaled Net Operating Assets compare to AMZN and BABA?
Fulu Holdings' Scaled Net Operating Assets of 0.48 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Fulu Holdings and its competitors. Fulu Holdings's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fulu Holdings (HKSE:02101) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.35, compared to a current price of HK$1.40 — trading 3.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.48. Fulu Holdings' overall GF Score™ is 73/100 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 Fulu Holdings (HKSE:02101), the current Scaled Net Operating Assets is 0.48 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 Fulu Holdings (HKSE:02101) Overvalued in 2026?
Based on GuruFocus' analysis, Fulu Holdings stock appears to be overvalued.
The current stock price of HK$1.40 is trading 3.7% above its estimated GF Value™ of HK$1.35.
GuruFocus considers Fulu Holdings to be Fairly Valued.
Key valuation signals for HKSE:02101:
Scaled Net Operating Assets: 0.48
GF Value™: HK$1.35 vs. price of HK$1.40 (3.7% above fair value)
No single metric tells the full story. See the HKSE:02101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 77, Guanggu Avenue, 14th Floor, Building B27, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN
Fulu Holdings Ltd is principally engaged in the provision of services to facilitate digital goods transactions and online store operating services. The company generates revenue from five business segments: leisure and entertainment, games, telecommunications, lifestyle, and corporate welfare. The company generates the maximum of its revenue from the Lifestyle segment. It generates all of its revenue from China only.
73GF Score
Get the complete analysis for HKSE:02101
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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