Excellence Commercial Property & Facilities Management Group (HKSE:06989) Scaled Net Operating Assets: 0.49 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:06989 Excellence Commercial Property & Facilities Management Group Ltd HKSE:06989
77 GF Score
Price HK$0.52
GF Value HK$1.47
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Excellence Commercial Property & Facilities Management Group Scaled Net Operating Assets?

Excellence Commercial Property & Facilities Management Group HKSE:06989 -3.74% 77 Scaled Net Operating Assets is 0.49 as of Dec. 2025. GuruFocus rates HKSE:06989 with a GF Score™ of 77/100 and a GF Value™ of HK$1.47 (Possible Value Trap). The stock has 8 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.

Excellence Commercial Property & Facilities Management Group's operating assets for the quarter that ended in Dec. 2025 was HK$4,677 Mil. Excellence Commercial Property & Facilities Management Group's operating liabilities for the quarter that ended in Dec. 2025 was HK$1,788 Mil. Excellence Commercial Property & Facilities Management Group's Total Assets for the quarter that ended in Jun. 2025 was HK$5,844 Mil. Therefore, Excellence Commercial Property & Facilities Management Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.49.


Excellence Commercial Property & Facilities Management Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Excellence Commercial Property & Facilities Management 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.

Excellence Commercial Property & Facilities Management Group Scaled Net Operating Assets Chart

Excellence Commercial Property & Facilities Management Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.14 0.21 0.30 0.53 0.53

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.29 0.51 0.52 0.60 0.49

HKSE:06989 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Excellence Commercial Property & Facilities Management 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.


Excellence Commercial Property & Facilities Management Group Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets falls into.


HKSE:06989
77GF Score
Excellence Commercial Property & Facilities Management Group Ltd HKSE:06989
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excellence Commercial Property & Facilities Management 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.

Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(4676.706-1788.496)/5488.04
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6039.79 - 1363.084
=4676.706

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1796.591 - 3.003 - 5.092
=1788.496

Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(4676.706-1788.496)/5843.777
=0.49

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6039.79 - 1363.084
=4676.706

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1796.591 - 3.003 - 5.092
=1788.496

* 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 0.49 mean?
Excellence Commercial Property & Facilities Management Group (HKSE:06989) has a Scaled Net Operating Assets of 0.49 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 Excellence Commercial Property & Facilities Management Group and its competitors.
Is Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets too high?
Excellence Commercial Property & Facilities Management Group's current Scaled Net Operating Assets is 0.49. Overall, Excellence Commercial Property & Facilities Management Group has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets compare to CBRE and BEKE?
Excellence Commercial Property & Facilities Management Group's Scaled Net Operating Assets of 0.49 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Excellence Commercial Property & Facilities Management Group and its competitors. Excellence Commercial Property & Facilities Management Group's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excellence Commercial Property & Facilities Management Group stock overvalued right now?
Based on GuruFocus' analysis, Excellence Commercial Property & Facilities Management Group (HKSE:06989) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.47, compared to a current price of HK$0.52 — trading 65% below its estimated fair value. The current Scaled Net Operating Assets is 0.49. Excellence Commercial Property & Facilities Management Group's overall GF Score™ is 77/100 with 8 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 Excellence Commercial Property & Facilities Management Group (HKSE:06989), the current Scaled Net Operating Assets is 0.49 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 Excellence Commercial Property & Facilities Management Group (HKSE:06989) Overvalued in 2026?

Based on GuruFocus' analysis, Excellence Commercial Property & Facilities Management Group stock appears to be undervalued. The current stock price of HK$0.52 is trading 65% below its estimated GF Value™ of HK$1.47. GuruFocus considers Excellence Commercial Property & Facilities Management Group to be Possible Value Trap.

Key valuation signals for HKSE:06989:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: HK$1.47 vs. price of HK$0.52 (65% below fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the HKSE:06989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excellence Commercial Property & Facilities Management Group Business Description

Address Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN
Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider, offering clients full-lifecycle asset maintenance and end-to-end service solutions. Its service types cover a wide range of real estate properties, including office buildings, commercial complexes, corporate headquarters, integrated offices, etc., providing them with comprehensive management services such as consulting, property services, integrated facilities management, asset operation management, and high-end business services, among others. Additionally, the company is also engaged in the leasing of car parks. Geographically, it generates maximum revenue from the Chinese Mainland.
77GF Score

Get the complete analysis for HKSE:06989

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

HK$0.52
Price
HK$1.47
GF Value