Boltek Holdings (HKSE:08601) Scaled Net Operating Assets: 0.62 (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:08601 Boltek Holdings Ltd HKSE:08601
70 GF Score
Price HK$0.25
GF Value HK$0.33
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Boltek Holdings Scaled Net Operating Assets?

Boltek Holdings HKSE:08601 70 Scaled Net Operating Assets is 0.62 as of Dec. 2025. GuruFocus rates HKSE:08601 with a GF Score™ of 70/100 and a GF Value™ of HK$0.33 (Modestly Undervalued). 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.

Boltek Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$135.0 Mil. Boltek Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$26.9 Mil. Boltek Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$175.1 Mil. Therefore, Boltek Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.62.


Boltek Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Boltek 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.

Boltek Holdings Scaled Net Operating Assets Chart

Boltek Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.30 0.43 0.56 0.64

Boltek Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only 0.43 0.54 0.56 0.66 0.62

HKSE:08601 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Boltek 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.


Boltek Holdings Scaled Net Operating Assets vs Construction Industry

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

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


HKSE:08601
70GF Score
Boltek Holdings Ltd HKSE:08601
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boltek 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.

Boltek Holdings'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 )
=(134.987-26.918)/168.385
=0.64

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=177.983 - 42.996
=134.987

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29.255 - 0.516 - 1.821
=26.918

Boltek Holdings'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 )
=(134.987-26.918)/175.055
=0.62

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=177.983 - 42.996
=134.987

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29.255 - 0.516 - 1.821
=26.918

* 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 0.62 mean?
Boltek Holdings (HKSE:08601) has a Scaled Net Operating Assets of 0.62 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 Boltek Holdings and its competitors.
Is Boltek Holdings' Scaled Net Operating Assets too high?
Boltek Holdings' current Scaled Net Operating Assets is 0.62. Overall, Boltek Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boltek Holdings' Scaled Net Operating Assets compare to PWR and FIX?
Boltek Holdings' Scaled Net Operating Assets of 0.62 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 Boltek Holdings and its competitors. Boltek Holdings's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boltek Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boltek Holdings (HKSE:08601) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.33, compared to a current price of HK$0.25 — trading 25.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. Boltek Holdings' overall GF Score™ is 70/100 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 Boltek Holdings (HKSE:08601), the current Scaled Net Operating Assets is 0.62 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 Boltek Holdings (HKSE:08601) Overvalued in 2026?

Based on GuruFocus' analysis, Boltek Holdings stock appears to be undervalued. The current stock price of HK$0.25 is trading 25.2% below its estimated GF Value™ of HK$0.33. GuruFocus considers Boltek Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08601:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: HK$0.33 vs. price of HK$0.25 (25.2% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the HKSE:08601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boltek Holdings Business Description

Address 46-48 Hillwood Road, 5th Floor, Winning Commercial Building, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Boltek Holdings Ltd is a Hong Kong-based company that provides engineering consultancy services. The company's primary business activity is investment holding, and it operates in the business of provision of engineering design, landscape architecture, and consultancy services as a single operating segment. The company recognized revenue and cost from the provision of engineering design, landscape architecture, and consultancy services. All of the company's activities take place within Hong Kong.
70GF Score

Get the complete analysis for HKSE:08601

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

HK$0.25
Price
HK$0.33
GF Value