Smart City Development Holdings (HKSE:08268) Scaled Net Operating Assets: 0.27 (As of Mar. 2026)

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HKSE:08268 Smart City Development Holdings Ltd HKSE:08268
39 GF Score
Price HK$0.19
GF Value HK$0.37
Valuation Possible Value Trap
! 6 Warning Signs
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What is Smart City Development Holdings Scaled Net Operating Assets?

Smart City Development Holdings HKSE:08268 -10.38% 39 Scaled Net Operating Assets is 0.27 as of Mar. 2026. GuruFocus rates HKSE:08268 with a GF Score™ of 39/100 and a GF Value™ of HK$0.37 (Possible Value Trap). The stock has 6 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.

Smart City Development Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$157.4 Mil. Smart City Development Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$97.5 Mil. Smart City Development Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$218.0 Mil. Therefore, Smart City Development Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.27.


Smart City Development Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Smart City Development 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 City Development Holdings Scaled Net Operating Assets Chart

Smart City Development 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 0.12 0.21 0.16 0.14 0.19

Smart City Development 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 0.16 0.17 0.14 0.23 0.28

HKSE:08268 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Smart City Development 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 City Development Holdings Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Smart City Development Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:08268
39GF Score
Smart City Development Holdings Ltd HKSE:08268
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart City Development 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.

Smart City Development 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 )
=(157.424-97.516)/312.646
=0.19

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=201.839 - 44.415
=157.424

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=112.597 - 0.166 - 14.915
=97.516

Smart City Development 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 )
=(157.424-97.516)/217.97
=0.27

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=201.839 - 44.415
=157.424

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=112.597 - 0.166 - 14.915
=97.516

* 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 0.27 mean?
Smart City Development Holdings (HKSE:08268) has a Scaled Net Operating Assets of 0.27 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 Smart City Development Holdings and its competitors.
Is Smart City Development Holdings' Scaled Net Operating Assets too high?
Smart City Development Holdings' current Scaled Net Operating Assets is 0.27. Overall, Smart City Development Holdings has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Smart City Development Holdings' Scaled Net Operating Assets compare to PWR and FIX?
Smart City Development Holdings' Scaled Net Operating Assets of 0.27 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 Smart City Development Holdings and its competitors. Smart City Development Holdings's current Scaled Net Operating Assets is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart City Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart City Development Holdings (HKSE:08268) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.19 — trading 48.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.27. Smart City Development Holdings' overall GF Score™ is 39/100 with 6 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 City Development Holdings (HKSE:08268), the current Scaled Net Operating Assets is 0.27 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 Smart City Development Holdings (HKSE:08268) Overvalued in 2026?

Based on GuruFocus' analysis, Smart City Development Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 48.6% below its estimated GF Value™ of HK$0.37. GuruFocus considers Smart City Development Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08268:

  • Scaled Net Operating Assets: 0.27
  • GF Value™: HK$0.37 vs. price of HK$0.19 (48.6% below fair value)
  • GF Score™: 39/100 with 6 warning signs

No single metric tells the full story. See the HKSE:08268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smart City Development Holdings Business Description

Address No. 57 Hung To Road, 11th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG
Smart City Development Holdings Ltd is involved in securities investment, money lending, property investment and construction business sectors. The company has four segments: the construction segment, which is the key revenue-generating business, involves various processes including, building construction works, electrical and mechanical engineering works and fitting-out works; the securities investment segment is engaged in investment in securities; the property investment business segment is engaged in the holding of investment properties; and the money lending business segment. It has a business presence in Hong Kong and Mainland China.
39GF Score

Get the complete analysis for HKSE:08268

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

HK$0.19
Price
HK$0.37
GF Value