Ajial Real Estate & Entertainment Co (KUW:AREEC) Scaled Net Operating Assets: 0.91 (As of Mar. 2026)

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.

KUW:AREEC Ajial Real Estate & Entertainment Co KUW:AREEC
46 GF Score
Price KWD0.30
GF Value KWD0.35
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Ajial Real Estate & Entertainment Co Scaled Net Operating Assets?

Ajial Real Estate & Entertainment Co KUW:AREEC -1.32% 46 Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus rates KUW:AREEC with a GF Score™ of 46/100 and a GF Value™ of KWD0.35 (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.

Ajial Real Estate & Entertainment Co's operating assets for the quarter that ended in Mar. 2026 was KWD170.50 Mil. Ajial Real Estate & Entertainment Co's operating liabilities for the quarter that ended in Mar. 2026 was KWD8.42 Mil. Ajial Real Estate & Entertainment Co's Total Assets for the quarter that ended in Dec. 2025 was KWD177.41 Mil. Therefore, Ajial Real Estate & Entertainment Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.91.


Ajial Real Estate & Entertainment Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ajial Real Estate & Entertainment 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.

Ajial Real Estate & Entertainment Co Scaled Net Operating Assets Chart

Ajial Real Estate & Entertainment Co 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 1.02 1.00 0.96 0.96 0.95

Ajial Real Estate & Entertainment Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.93 0.94 0.96 0.95 0.91

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

For the Real Estate Services subindustry, Ajial Real Estate & Entertainment 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.


Ajial Real Estate & Entertainment Co Scaled Net Operating Assets vs Real Estate Industry

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

* The bar in red indicates where Ajial Real Estate & Entertainment Co's Scaled Net Operating Assets falls into.


KUW:AREEC
46GF Score
Ajial Real Estate & Entertainment Co KUW:AREEC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajial Real Estate & Entertainment 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.

Ajial Real Estate & Entertainment Co'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 )
=(171.582-4.713)/174.884
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=177.412 - 5.83
=171.582

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34.713 - 30 - 0
=4.713

Ajial Real Estate & Entertainment Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(170.502-8.416)/177.412
=0.91

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=178.527 - 8.025
=170.502

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38.416 - 30 - 0
=8.416

* 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 0.91 mean?
Ajial Real Estate & Entertainment Co (KUW:AREEC) has a Scaled Net Operating Assets of 0.91 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 Ajial Real Estate & Entertainment Co and its competitors.
Is Ajial Real Estate & Entertainment Co's Scaled Net Operating Assets too high?
Ajial Real Estate & Entertainment Co's current Scaled Net Operating Assets is 0.91. Overall, Ajial Real Estate & Entertainment Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ajial Real Estate & Entertainment Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Ajial Real Estate & Entertainment Co's Scaled Net Operating Assets of 0.91 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 Ajial Real Estate & Entertainment Co and its competitors. Ajial Real Estate & Entertainment Co's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajial Real Estate & Entertainment Co stock overvalued right now?
Based on GuruFocus' analysis, Ajial Real Estate & Entertainment Co (KUW:AREEC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD0.35, compared to a current price of KWD0.30 — trading 14.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.91. Ajial Real Estate & Entertainment Co's overall GF Score™ is 46/100 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 Ajial Real Estate & Entertainment Co (KUW:AREEC), the current Scaled Net Operating Assets is 0.91 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 Ajial Real Estate & Entertainment Co (KUW:AREEC) Overvalued in 2026?

Based on GuruFocus' analysis, Ajial Real Estate & Entertainment Co stock appears to be undervalued. The current stock price of KWD0.30 is trading 14.3% below its estimated GF Value™ of KWD0.35. GuruFocus considers Ajial Real Estate & Entertainment Co to be Modestly Undervalued.

Key valuation signals for KUW:AREEC:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: KWD0.35 vs. price of KWD0.30 (14.3% below fair value)
  • GF Score™: 46/100 with 6 warning signs

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


Ajial Real Estate & Entertainment Co Business Description

Address Hawally, Block 5, Beirut Street, Al-Andalus Complex, 16th Floor, P.O. Box 44301, Hawally, KWT, 32058
Ajial Real Estate & Entertainment Co is engaged in all real estate activities including buying and selling lands, real estate and renting and leasing thereof inside and outside Kuwait. It establishes and maintains buildings and real estate projects including establishment of residential complexes thereof and commercial markets and entertainment centres, touristic facilities and building special accommodations. The group has three operating segments: real estate, entertainment and investment. The majority of the revenue is derived from real estate segments that comprise investment, rental of and trading in real estate and construction or development of real estate for the sale in the ordinary course of business and other related real estate services.
46GF Score

Get the complete analysis for KUW:AREEC

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

KWD0.30
Price
KWD0.35
GF Value