Al Enmaa Real Estate Co (KUW:ALENMA) Scaled Net Operating Assets: 0.73 (As of Apr. 2026)

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KUW:ALENMA Al Enmaa Real Estate Co KUW:ALENMA
26 GF Score
Price KWD0.13
GF Value KWD0.10
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Al Enmaa Real Estate Co Scaled Net Operating Assets?

Al Enmaa Real Estate Co KUW:ALENMA +0.81% 26 Scaled Net Operating Assets is 0.73 as of Apr. 2026. GuruFocus rates KUW:ALENMA with a GF Score™ of 26/100 and a GF Value™ of KWD0.10 (Modestly Overvalued). 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.

Al Enmaa Real Estate Co's operating assets for the quarter that ended in Apr. 2026 was KWD46.75 Mil. Al Enmaa Real Estate Co's operating liabilities for the quarter that ended in Apr. 2026 was KWD5.44 Mil. Al Enmaa Real Estate Co's Total Assets for the quarter that ended in Jan. 2026 was KWD56.75 Mil. Therefore, Al Enmaa Real Estate Co's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.73.


Al Enmaa Real Estate Co Scaled Net Operating Assets Historical Data

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The historical data trend for Al Enmaa Real Estate Co'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.

Al Enmaa Real Estate Co Scaled Net Operating Assets Chart

Al Enmaa Real Estate Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.67 0.66 0.59 0.54

Al Enmaa Real Estate Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.56 0.56 0.62 0.76 0.73

KUW:ALENMA vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Al Enmaa Real Estate Co'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.


Al Enmaa Real Estate Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Al Enmaa Real Estate Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Al Enmaa Real Estate Co's Scaled Net Operating Assets falls into.


KUW:ALENMA
26GF Score
Al Enmaa Real Estate Co KUW:ALENMA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Enmaa Real Estate Co 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.

Al Enmaa Real Estate Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(38.95-7.975)/56.969
=0.54

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=52.8 - 13.85
=38.95

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16.463 - 7.917 - 0.571
=7.975

Al Enmaa Real Estate Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(46.746-5.438)/56.749
=0.73

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=54.615 - 7.869
=46.746

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.119 - 11.859 - 0.822
=5.438

* 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 0.73 mean?
Al Enmaa Real Estate Co (KUW:ALENMA) has a Scaled Net Operating Assets of 0.73 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Al Enmaa Real Estate Co and its competitors.
Is Al Enmaa Real Estate Co's Scaled Net Operating Assets too high?
Al Enmaa Real Estate Co's current Scaled Net Operating Assets is 0.73. Overall, Al Enmaa Real Estate Co has a GF Score™ of 26/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Enmaa Real Estate Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Al Enmaa Real Estate Co's Scaled Net Operating Assets of 0.73 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Al Enmaa Real Estate Co and its competitors. Al Enmaa Real Estate Co's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Enmaa Real Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Al Enmaa Real Estate Co (KUW:ALENMA) is currently considered Modestly Overvalued. The stock's GF Value™ is KWD0.10, compared to a current price of KWD0.13 — trading 25% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Al Enmaa Real Estate Co's overall GF Score™ is 26/100 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 Al Enmaa Real Estate Co (KUW:ALENMA), the current Scaled Net Operating Assets is 0.73 as of Apr. 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 Al Enmaa Real Estate Co (KUW:ALENMA) Overvalued in 2026?

Based on GuruFocus' analysis, Al Enmaa Real Estate Co stock appears to be overvalued. The current stock price of KWD0.13 is trading 25% above its estimated GF Value™ of KWD0.10. GuruFocus considers Al Enmaa Real Estate Co to be Modestly Overvalued.

Key valuation signals for KUW:ALENMA:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: KWD0.10 vs. price of KWD0.13 (25% above fair value)
  • GF Score™: 26/100 with 6 warning signs

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


Al Enmaa Real Estate Co Business Description

Address Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd anD 3rd Floors, Al-Enmaa Tower, Mirqab, Safat, Kuwait City, KWT, 13160
Al Enmaa Real Estate Co is a real estate development and investment company. It operates in the following reportable segments: Construction projects, Services rendered, Real estate, and Investments. Maximum revenue is generated from the Services rendered segment, which undertakes maintenance of mechanical and electrical spare parts and building materials, provides security services, and manages real estate for others. The Construction projects segment undertakes contracts to construct buildings; the Real estate segment is involved in managing its own properties and renting properties; and the Investments segment invests in shares of local and foreign companies and real estate properties. Geographically, the Group generates maximum revenue from Kuwait and the rest from other Gulf countries.
26GF Score

Get the complete analysis for KUW:ALENMA

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

KWD0.13
Price
KWD0.10
GF Value