Kwong Man Kee Group (HKSE:08023) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)

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HKSE:08023 Kwong Man Kee Group Ltd HKSE:08023
63 GF Score
Price HK$0.31
GF Value HK$0.35
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Kwong Man Kee Group Scaled Net Operating Assets?

Kwong Man Kee Group HKSE:08023 -23.75% 63 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates HKSE:08023 with a GF Score™ of 63/100 and a GF Value™ of HK$0.35 (Modestly Undervalued). The stock has 4 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.

Kwong Man Kee Group's operating assets for the quarter that ended in Mar. 2026 was HK$165.6 Mil. Kwong Man Kee Group's operating liabilities for the quarter that ended in Mar. 2026 was HK$38.6 Mil. Kwong Man Kee Group's Total Assets for the quarter that ended in Sep. 2025 was HK$207.0 Mil. Therefore, Kwong Man Kee Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Kwong Man Kee Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kwong Man Kee 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.

Kwong Man Kee Group Scaled Net Operating Assets Chart

Kwong Man Kee 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 0.72 0.63 0.53 0.58 0.71

Kwong Man Kee 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 0.50 0.60 0.54 0.75 0.61

HKSE:08023 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Kwong Man Kee 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.


Kwong Man Kee Group Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Kwong Man Kee Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Kwong Man Kee Group's Scaled Net Operating Assets falls into.


HKSE:08023
63GF Score
Kwong Man Kee Group Ltd HKSE:08023
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kwong Man Kee 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.

Kwong Man Kee 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 )
=(165.561-38.644)/179.905
=0.71

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=195.908 - 30.347
=165.561

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54.182 - 0.301 - 15.237
=38.644

Kwong Man Kee 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 )
=(165.561-38.644)/206.987
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=195.908 - 30.347
=165.561

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54.182 - 0.301 - 15.237
=38.644

* 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 0.61 mean?
Kwong Man Kee Group (HKSE:08023) has a Scaled Net Operating Assets of 0.61 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 Kwong Man Kee Group and its competitors.
Is Kwong Man Kee Group's Scaled Net Operating Assets too high?
Kwong Man Kee Group's current Scaled Net Operating Assets is 0.61. Overall, Kwong Man Kee Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwong Man Kee Group's Scaled Net Operating Assets compare to PWR and FIX?
Kwong Man Kee Group's Scaled Net Operating Assets of 0.61 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Kwong Man Kee Group and its competitors. Kwong Man Kee Group's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwong Man Kee Group stock overvalued right now?
Based on GuruFocus' analysis, Kwong Man Kee Group (HKSE:08023) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.35, compared to a current price of HK$0.31 — trading 12.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. Kwong Man Kee Group's overall GF Score™ is 63/100 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 Kwong Man Kee Group (HKSE:08023), the current Scaled Net Operating Assets is 0.61 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 Kwong Man Kee Group (HKSE:08023) Overvalued in 2026?

Based on GuruFocus' analysis, Kwong Man Kee Group stock appears to be undervalued. The current stock price of HK$0.31 is trading 12.9% below its estimated GF Value™ of HK$0.35. GuruFocus considers Kwong Man Kee Group to be Modestly Undervalued.

Key valuation signals for HKSE:08023:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: HK$0.35 vs. price of HK$0.31 (12.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the HKSE:08023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kwong Man Kee Group Business Description

Address 91-93 Bedford Road, 21st Floor, The Bedford, Kowloon, Hong Kong, HKG
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
63GF Score

Get the complete analysis for HKSE:08023

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

HK$0.31
Price
HK$0.35
GF Value