LKNCY (Luckin Coffee) Scaled Net Operating Assets: 0.52 (As of Mar. 2026)

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LKNCY Luckin Coffee Inc LKNCY
72 GF Score
Price $33.01
GF Value $50.78
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Luckin Coffee Scaled Net Operating Assets?

Luckin Coffee LKNCY +6.24% 72 Scaled Net Operating Assets is 0.52 as of Mar. 2026. GuruFocus rates LKNCY with a GF Score™ of 72/100 and a GF Value™ of $50.78 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Luckin Coffee's operating assets for the quarter that ended in Mar. 2026 was $3,424 Mil. Luckin Coffee's operating liabilities for the quarter that ended in Mar. 2026 was $1,198 Mil. Luckin Coffee's Total Assets for the quarter that ended in Dec. 2025 was $4,302 Mil. Therefore, Luckin Coffee's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.52.


Luckin Coffee Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Luckin Coffee'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.

Luckin Coffee Scaled Net Operating Assets Chart

Luckin Coffee Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.14 0.25 0.90 0.63 0.66

Luckin Coffee 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 0.52 0.53 0.50 0.50 0.52

LKNCY vs EAT, CAVA, BROS: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Luckin Coffee'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.


Luckin Coffee Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Luckin Coffee's Scaled Net Operating Assets distribution charts can be found below:

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


LKNCY
72GF Score
Luckin Coffee Inc LKNCY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Luckin Coffee 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.

Luckin Coffee'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 )
=(3137.786-1052.466)/3176.333
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4302.247 - 1164.461
=3137.786

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2083.838 - 612.762 - 418.61
=1052.466

Luckin Coffee'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 )
=(3424.19-1198.492)/4302.247
=0.52

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4627.093 - 1202.903
=3424.19

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2265.304 - 631.326 - 435.486
=1198.492

* 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 0.52 mean?
Luckin Coffee (LKNCY) has a Scaled Net Operating Assets of 0.52 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 Luckin Coffee and its competitors.
Is Luckin Coffee's Scaled Net Operating Assets too high?
Luckin Coffee's current Scaled Net Operating Assets is 0.52. Overall, Luckin Coffee has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Luckin Coffee's Scaled Net Operating Assets compare to EAT and CAVA?
Luckin Coffee's Scaled Net Operating Assets of 0.52 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 Luckin Coffee and its competitors. Luckin Coffee's current Scaled Net Operating Assets is 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luckin Coffee stock overvalued right now?
Based on GuruFocus' analysis, Luckin Coffee (LKNCY) is currently considered Significantly Undervalued. The stock's GF Value™ is $50.78, compared to a current price of $33.01 — trading 35% below its estimated fair value. The current Scaled Net Operating Assets is 0.52. Luckin Coffee's overall GF Score™ is 72/100 with 1 warning sign 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 Luckin Coffee (LKNCY), the current Scaled Net Operating Assets is 0.52 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 Luckin Coffee (LKNCY) Overvalued in 2026?

Based on GuruFocus' analysis, Luckin Coffee stock appears to be undervalued. The current stock price of $33.01 is trading 35% below its estimated GF Value™ of $50.78. GuruFocus considers Luckin Coffee to be Significantly Undervalued.

Key valuation signals for LKNCY:

  • Scaled Net Operating Assets: 0.52
  • GF Value™: $50.78 vs. price of $33.01 (35% below fair value)
  • GF Score™: 72/100 with 1 warning sign

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


Luckin Coffee Business Description

Other Exchanges 0A6U:UKLC0A:Germany
Address 1-3 Taibei Road, 28th Floor, Building T3, Haixi Jingu Plaza, Siming District, Fujian, Xiamen, CHN, 361008
Luckin Coffee Inc operates a coffee network in China, providing retail services for freshly brewed drinks and pre-made food and beverage items. Its technology-driven model is built on mobile apps and a store network, offering a cashier-less purchase experience with features such as store selection, advance ordering, multiple payment options, and real-time order tracking. The company mainly operates self-operated pick-up stores in high-demand locations, enabling rapid and cost-efficient expansion, and also uses partnership and franchise models. It offers multiple products, including coffee, tea drinks, snacks, and light meals, with recipes tailored to local preferences, supported by sourcing and proprietary technology for operations and supply chain management.
72GF Score

Get the complete analysis for LKNCY

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

$33.01
Price
$50.78
GF Value