Kwan Yong Holdings (HKSE:09998) Scaled Net Operating Assets: -0.51 (As of Dec. 2025)

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HKSE:09998 Kwan Yong Holdings Ltd HKSE:09998
63 GF Score
Price HK$0.43
GF Value HK$0.36
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Kwan Yong Holdings Scaled Net Operating Assets?

Kwan Yong Holdings HKSE:09998 +1.18% 63 Scaled Net Operating Assets is -0.51 as of Dec. 2025. GuruFocus rates HKSE:09998 with a GF Score™ of 63/100 and a GF Value™ of HK$0.36 (Modestly Overvalued). The stock has 2 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.

Kwan Yong Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$332 Mil. Kwan Yong Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$876 Mil. Kwan Yong Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$1,072 Mil. Therefore, Kwan Yong Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.51.


Kwan Yong Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kwan Yong 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.

Kwan Yong Holdings Scaled Net Operating Assets Chart

Kwan Yong Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.06 0.34 0.30 0.03 -0.42

Kwan Yong Holdings Semi-Annual Data
Jun17 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 0.03 0.02 -0.22 -0.30 -0.51

HKSE:09998 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Kwan Yong 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.


Kwan Yong Holdings Scaled Net Operating Assets vs Construction Industry

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

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


HKSE:09998
63GF Score
Kwan Yong Holdings Ltd HKSE:09998
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kwan Yong 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.

Kwan Yong Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(498.094-736.098)/571.528
=-0.42

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1071.577 - 573.483
=498.094

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=753.551 - 11.774 - 5.679
=736.098

Kwan Yong 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 )
=(331.813-875.968)/1071.577
=-0.51

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1230.671 - 898.858
=331.813

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=891.787 - 9.965 - 5.854
=875.968

* 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 -0.51 mean?
Kwan Yong Holdings (HKSE:09998) has a Scaled Net Operating Assets of -0.51 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 Kwan Yong Holdings and its competitors.
Is Kwan Yong Holdings' Scaled Net Operating Assets too high?
Kwan Yong Holdings' current Scaled Net Operating Assets is -0.51. Overall, Kwan Yong Holdings has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kwan Yong Holdings' Scaled Net Operating Assets compare to PWR and FIX?
Kwan Yong Holdings' Scaled Net Operating Assets of -0.51 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 Kwan Yong Holdings and its competitors. Kwan Yong Holdings's current Scaled Net Operating Assets is -0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwan Yong Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kwan Yong Holdings (HKSE:09998) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.43 — trading 19.4% above its estimated fair value. The current Scaled Net Operating Assets is -0.51. Kwan Yong Holdings' overall GF Score™ is 63/100 with 2 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 Kwan Yong Holdings (HKSE:09998), the current Scaled Net Operating Assets is -0.51 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 Kwan Yong Holdings (HKSE:09998) Overvalued in 2026?

Based on GuruFocus' analysis, Kwan Yong Holdings stock appears to be overvalued. The current stock price of HK$0.43 is trading 19.4% above its estimated GF Value™ of HK$0.36. GuruFocus considers Kwan Yong Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:09998:

  • Scaled Net Operating Assets: -0.51
  • GF Value™: HK$0.36 vs. price of HK$0.43 (19.4% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the HKSE:09998 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kwan Yong Holdings Business Description

Address 11 Joo Koon Crescent, Singapore, SGP, 629022
Kwan Yong Holdings Ltd is engaged in the provision of building construction works in Singapore. The company constructs various types of buildings, including institutional buildings such as educational institutions, hospitals and nursing homes; commercial buildings such as office buildings and restaurants; and industrial and residential buildings. The projects of the company include Childcare at Rivervale, Childcare at Punggol Drive, Alexandra Primary School, Ngee Ann Polytechnic, and others. It has three segments: Construction, Property, and Corporate. The majority of its revenue is generated from the Construction segment, which provides general building and construction services. Geographically, the company derives revenue from its customers based in Singapore.
63GF Score

Get the complete analysis for HKSE:09998

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

HK$0.43
Price
HK$0.36
GF Value