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.
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.
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Song Da's operating assets for the quarter that ended in Mar. 2026 was ₫16,498,537 Mil. Song Da's operating liabilities for the quarter that ended in Mar. 2026 was ₫5,890,352 Mil. Song Da's Total Assets for the quarter that ended in Dec. 2025 was ₫22,521,166 Mil. Therefore, Song Da's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.
Song Da Scaled Net Operating Assets Related Terms
Song Da Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Song Da'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.
HSTC:SJG vs HON, MMM: Scaled Net Operating Assets Comparison
For the Conglomerates subindustry, Song Da'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.
Song Da Scaled Net Operating Assets vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Song Da's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Song Da's Scaled Net Operating Assets falls into.
* 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 0.47 mean?
Song Da (HSTC:SJG) has a Scaled Net Operating Assets of 0.47 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 Song Da and its competitors.
Is Song Da's Scaled Net Operating Assets too high?
Song Da's current Scaled Net Operating Assets is 0.47. Overall, Song Da has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Song Da's Scaled Net Operating Assets compare to HON and MMM?
Song Da's Scaled Net Operating Assets of 0.47 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 Song Da and its competitors. Song Da's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Da stock overvalued right now?
Based on GuruFocus' analysis, Song Da (HSTC:SJG) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫20,278.71, compared to a current price of ₫24,000.00 — trading 18.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Song Da's overall GF Score™ is 72/100 with 7 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 Song Da (HSTC:SJG), the current Scaled Net Operating Assets is 0.47 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 Song Da (HSTC:SJG) Overvalued in 2026?
Based on GuruFocus' analysis, Song Da stock appears to be overvalued.
The current stock price of ₫24,000.00 is trading 18.4% above its estimated GF Value™ of ₫20,278.71.
GuruFocus considers Song Da to be Modestly Overvalued.
Key valuation signals for HSTC:SJG:
Scaled Net Operating Assets: 0.47
GF Value™: ₫20,278.71 vs. price of ₫24,000.00 (18.4% above fair value)
No single metric tells the full story. See the HSTC:SJG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Song Da Corp is engaged in business include: production and trading of electricity, construction, installation and trading of real estate. It also includes activities such as General contractor for construction (EPC general contractor) and construction and installation of traffic, industrial, civil, electricity, irrigation, complex underground works; Construction and foundation treatment of works; Construction of houses of all kinds; Trading in commercial electricity; Manufacturing and trading in equipment, Construction materials; Manufacture and install industrial equipment and machinery; Investment, development and business in urban areas, industrial parks and economic zones; Renting office. The company's segments include: Industrial production Construction installation and Others.
72GF Score
Get the complete analysis for HSTC:SJG
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HSTC:SJG has been successfully added to your 
