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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.
Smart-Core Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$2,110 Mil. Smart-Core Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$633 Mil. Smart-Core Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$2,264 Mil. Therefore, Smart-Core Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.65.
Smart-Core Holdings Scaled Net Operating Assets Related Terms
Smart-Core Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for Smart-Core 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.
Smart-Core Holdings Scaled Net Operating Assets Chart
HKSE:02166 vs SNX, ARW, AVT: Scaled Net Operating Assets Comparison
For the Electronics & Computer Distribution subindustry, Smart-Core 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.
Smart-Core Holdings Scaled Net Operating Assets vs Hardware Industry
For the Hardware industry and Technology sector, Smart-Core Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Smart-Core 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 0.65 mean?
Smart-Core Holdings (HKSE:02166) has a Scaled Net Operating Assets of 0.65 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 Smart-Core Holdings and its competitors.
Is Smart-Core Holdings' Scaled Net Operating Assets too high?
Smart-Core Holdings' current Scaled Net Operating Assets is 0.65. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' Scaled Net Operating Assets compare to SNX and ARW?
Smart-Core Holdings' Scaled Net Operating Assets of 0.65 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Smart-Core Holdings and its competitors. Smart-Core Holdings's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current Scaled Net Operating Assets is 0.65 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?
Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued.
The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52.
GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02166:
Scaled Net Operating Assets: 0.65
GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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