KBDCF (Kingboard Holdings) Scaled Net Operating Assets: 0.78 (As of Dec. 2025)


KBDCF Kingboard Holdings Ltd KBDCF
67 GF Score
Price $15.00
GF Value $2.87
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Kingboard Holdings Scaled Net Operating Assets?

Kingboard Holdings KBDCF 67 Scaled Net Operating Assets is 0.78 as of Dec. 2025. GuruFocus rates KBDCF with a GF Score™ of 67/100 and a GF Value™ of $2.87 (Significantly Overvalued). 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.

Kingboard Holdings's operating assets for the quarter that ended in Dec. 2025 was $11,814 Mil. Kingboard Holdings's operating liabilities for the quarter that ended in Dec. 2025 was $1,444 Mil. Kingboard Holdings's Total Assets for the quarter that ended in Jun. 2025 was $13,209 Mil. Therefore, Kingboard Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.78.


Kingboard Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kingboard 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.

Kingboard Holdings Scaled Net Operating Assets Chart

Kingboard 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 0.82 0.71 0.76 0.77 0.82

Kingboard Holdings Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 0.75 0.78 0.76 0.80 0.79

KBDCF vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Kingboard 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.


Kingboard Holdings Scaled Net Operating Assets vs Conglomerates Industry

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

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


KBDCF
67GF Score
Kingboard Holdings Ltd KBDCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kingboard 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.

Kingboard 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 )
=(11813.507-1444.362)/12579.393
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13350.309 - 1536.802
=11813.507

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4374.533 - 1373.965 - 1556.206
=1444.362

Kingboard 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 )
=(11813.507-1444.362)/13209.174
=0.78

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13350.309 - 1536.802
=11813.507

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4374.533 - 1373.965 - 1556.206
=1444.362

* 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 0.78 mean?
Kingboard Holdings (KBDCF) has a Scaled Net Operating Assets of 0.78 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 Kingboard Holdings and its competitors.
Is Kingboard Holdings' Scaled Net Operating Assets too high?
Kingboard Holdings' current Scaled Net Operating Assets is 0.78. Overall, Kingboard Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kingboard Holdings' Scaled Net Operating Assets compare to HON and MMM?
Kingboard Holdings' Scaled Net Operating Assets of 0.78 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 Kingboard Holdings and its competitors. Kingboard Holdings's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingboard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kingboard Holdings (KBDCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.87, compared to a current price of $15.00 — trading 422.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.78. Kingboard Holdings' overall GF Score™ is 67/100 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 Kingboard Holdings (KBDCF), the current Scaled Net Operating Assets is 0.78 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 Kingboard Holdings (KBDCF) Overvalued in 2026?

Based on GuruFocus' analysis, Kingboard Holdings stock appears to be overvalued. The current stock price of $15.00 is trading 422.6% above its estimated GF Value™ of $2.87. GuruFocus considers Kingboard Holdings to be Significantly Overvalued.

Key valuation signals for KBDCF:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: $2.87 vs. price of $15.00 (422.6% above fair value)
  • GF Score™: 67/100 with 9 warning signs

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


Kingboard Holdings Business Description

Address 3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG
Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: laminates, printed circuit boards, chemicals, properties, investments, and others, including service income, manufacture, and sale of magnetic products, and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards, and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, America, and Africa, out of which China accounts for the majority of the revenue.
67GF Score

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

$15.00
Price
$2.87
GF Value