United Projects Co for Aviation Services KSCC (KUW:UPAC) Scaled Net Operating Assets: 0.85 (As of Mar. 2026)

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KUW:UPAC United Projects Co for Aviation Services KSCC KUW:UPAC
24 GF Score
Price KWD0.20
GF Value KWD0.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is United Projects Co for Aviation Services KSCC Scaled Net Operating Assets?

United Projects Co for Aviation Services KSCC KUW:UPAC -1.01% 24 Scaled Net Operating Assets is 0.85 as of Mar. 2026. GuruFocus rates KUW:UPAC with a GF Score™ of 24/100 and a GF Value™ of KWD0.04 (Significantly Overvalued). The stock has 5 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.

United Projects Co for Aviation Services KSCC's operating assets for the quarter that ended in Mar. 2026 was KWD243.77 Mil. United Projects Co for Aviation Services KSCC's operating liabilities for the quarter that ended in Mar. 2026 was KWD29.86 Mil. United Projects Co for Aviation Services KSCC's Total Assets for the quarter that ended in Dec. 2025 was KWD252.74 Mil. Therefore, United Projects Co for Aviation Services KSCC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.85.


United Projects Co for Aviation Services KSCC Scaled Net Operating Assets Historical Data

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The historical data trend for United Projects Co for Aviation Services KSCC'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.

United Projects Co for Aviation Services KSCC Scaled Net Operating Assets Chart

United Projects Co for Aviation Services KSCC 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 0.87 0.60 1.09 1.07 0.76

United Projects Co for Aviation Services KSCC 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 0.77 0.82 0.93 0.84 0.85

KUW:UPAC vs JOBY, CAAP: Scaled Net Operating Assets Comparison

For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.


United Projects Co for Aviation Services KSCC Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, United Projects Co for Aviation Services KSCC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where United Projects Co for Aviation Services KSCC's Scaled Net Operating Assets falls into.


KUW:UPAC
24GF Score
United Projects Co for Aviation Services KSCC KUW:UPAC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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United Projects Co for Aviation Services KSCC 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.

United Projects Co for Aviation Services KSCC'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 )
=(243.911-30.151)/282.844
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=252.744 - 8.833
=243.911

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=146.942 - 0 - 116.791
=30.151

United Projects Co for Aviation Services KSCC'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 )
=(243.773-29.862)/252.744
=0.85

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=251.944 - 8.171
=243.773

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=146.653 - 0 - 116.791
=29.862

* 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 0.85 mean?
United Projects Co for Aviation Services KSCC (KUW:UPAC) has a Scaled Net Operating Assets of 0.85 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 United Projects Co for Aviation Services KSCC and its competitors.
Is United Projects Co for Aviation Services KSCC's Scaled Net Operating Assets too high?
United Projects Co for Aviation Services KSCC's current Scaled Net Operating Assets is 0.85. Overall, United Projects Co for Aviation Services KSCC has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Projects Co for Aviation Services KSCC's Scaled Net Operating Assets compare to JOBY and CAAP?
United Projects Co for Aviation Services KSCC's Scaled Net Operating Assets of 0.85 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 United Projects Co for Aviation Services KSCC and its competitors. United Projects Co for Aviation Services KSCC's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Projects Co for Aviation Services KSCC stock overvalued right now?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC (KUW:UPAC) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.04, compared to a current price of KWD0.20 — trading 392.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.85. United Projects Co for Aviation Services KSCC's overall GF Score™ is 24/100 with 5 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 United Projects Co for Aviation Services KSCC (KUW:UPAC), the current Scaled Net Operating Assets is 0.85 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 United Projects Co for Aviation Services KSCC (KUW:UPAC) Overvalued in 2026?

Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC stock appears to be overvalued. The current stock price of KWD0.20 is trading 392.5% above its estimated GF Value™ of KWD0.04. GuruFocus considers United Projects Co for Aviation Services KSCC to be Significantly Overvalued.

Key valuation signals for KUW:UPAC:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: KWD0.04 vs. price of KWD0.20 (392.5% above fair value)
  • GF Score™: 24/100 with 5 warning signs

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


United Projects Co for Aviation Services KSCC Business Description

Address Salmiya - Salem Al-Mubarak Street and Arabian Gulf Street, Plot No. (1A/1) - Block No. (71) - Symphony Building - Floor No. (8). P.O Box 27068, Safat, Kuwait, KWT, 13131
United Projects Co for Aviation Services KSCC is a Kuwait-based company that provides full-service commercial real estate and facilities management. Its services include real estate management, project management and consultancy, as well as maintenance and facilities management services. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. It is organised in two operating segments: Investments: consists of investing in the Project and surplus funds in investment portfolios. Service operations: consist of managing projects and providing airplane ground and cleaning services, and other service facilities. The Service Operations segment generates the maximum revenue for the company.
24GF 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.

KWD0.20
Price
KWD0.04
GF Value