Altus Holdings (HKSE:08149) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)

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HKSE:08149 Altus Holdings Ltd HKSE:08149
56 GF Score
Price HK$0.12
GF Value HK$0.12
Valuation Fairly Valued
! 9 Warning Signs
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What is Altus Holdings Scaled Net Operating Assets?

Altus Holdings HKSE:08149 56 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates HKSE:08149 with a GF Score™ of 56/100 and a GF Value™ of HK$0.12 (Fairly Valued). The stock has 9 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.

Altus Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$527.73 Mil. Altus Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$47.88 Mil. Altus Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$590.02 Mil. Therefore, Altus Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


Altus Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Altus 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.

Altus Holdings Scaled Net Operating Assets Chart

Altus Holdings 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 0.82 0.83 0.78 0.84 0.82

Altus Holdings 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 0.85 0.85 0.81 0.85 0.81

HKSE:08149 vs MMM, HON: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Altus 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.


Altus Holdings Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Altus Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:08149
56GF Score
Altus Holdings Ltd HKSE:08149
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altus Holdings 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.

Altus Holdings'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 )
=(527.726-47.876)/586.267
=0.82

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=565.97 - 38.244
=527.726

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=191.371 - 93.978 - 49.517
=47.876

Altus Holdings'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 )
=(527.726-47.876)/590.019
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=565.97 - 38.244
=527.726

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=191.371 - 93.978 - 49.517
=47.876

* 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 0.81 mean?
Altus Holdings (HKSE:08149) has a Scaled Net Operating Assets of 0.81 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 Altus Holdings and its competitors.
Is Altus Holdings' Scaled Net Operating Assets too high?
Altus Holdings' current Scaled Net Operating Assets is 0.81. Overall, Altus Holdings has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Altus Holdings' Scaled Net Operating Assets compare to MMM and HON?
Altus Holdings' Scaled Net Operating Assets of 0.81 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Altus Holdings and its competitors. Altus Holdings's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altus Holdings stock overvalued right now?
Based on GuruFocus' analysis, Altus Holdings (HKSE:08149) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.12 — trading 0.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Altus Holdings' overall GF Score™ is 56/100 with 9 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 Altus Holdings (HKSE:08149), the current Scaled Net Operating Assets is 0.81 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 Altus Holdings (HKSE:08149) Overvalued in 2026?

Based on GuruFocus' analysis, Altus Holdings stock appears to be undervalued. The current stock price of HK$0.12 is trading 0.8% below its estimated GF Value™ of HK$0.12. GuruFocus considers Altus Holdings to be Fairly Valued.

Key valuation signals for HKSE:08149:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: HK$0.12 vs. price of HK$0.12 (0.8% below fair value)
  • GF Score™: 56/100 with 9 warning signs

No single metric tells the full story. See the HKSE:08149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Altus Holdings Business Description

Address 21 Wing Wo Street, Central, Hong Kong, HKG
Altus Holdings Ltd is an investment holding company. It operates in two segments, namely Advisory consulting and asset management, and Proprietary investments. The company generates maximum revenue from the Proprietary investments segment. The Proprietary investments segment includes leasing of investment properties for residential and commercial use and deriving rental income therefrom, as well as holding of a portfolio of securities for dividend income and aims for capital gain.
56GF Score

Get the complete analysis for HKSE:08149

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

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