VietNam Holding (LSE:VNH) Scaled Net Operating Assets: 0.86 (As of Dec. 2025)

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LSE:VNH VietNam Holding Ltd LSE:VNH
39 GF Score
Price £3.37
! 1 Warning Sign
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What is VietNam Holding Scaled Net Operating Assets?

VietNam Holding LSE:VNH +0.15% 39 Scaled Net Operating Assets is 0.86 as of Dec. 2025. GuruFocus rates LSE:VNH with a GF Score™ of 39/100. 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.

VietNam Holding's operating assets for the quarter that ended in Dec. 2025 was £76.13 Mil. VietNam Holding's operating liabilities for the quarter that ended in Dec. 2025 was £0.91 Mil. VietNam Holding's Total Assets for the quarter that ended in Jun. 2025 was £87.29 Mil. Therefore, VietNam Holding's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.86.

LSE:VNH
39GF Score
VietNam Holding Ltd LSE:VNH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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VietNam Holding 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.

VietNam Holding's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(83.955-0.603)/110.347
=0.76

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=87.29 - 3.335
=83.955

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.603 - 0 - 0
=0.603

VietNam Holding'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 )
=(76.125-0.914)/87.29
=0.86

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=80.42 - 4.295
=76.125

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.914 - 0 - 0
=0.914

* 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 0.86 mean?
VietNam Holding (LSE:VNH) has a Scaled Net Operating Assets of 0.86 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 VietNam Holding and its competitors.
Is VietNam Holding's Scaled Net Operating Assets too high?
VietNam Holding's current Scaled Net Operating Assets is 0.86. Overall, VietNam Holding has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does VietNam Holding's Scaled Net Operating Assets compare to BLK and BX?
VietNam Holding's Scaled Net Operating Assets of 0.86 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 VietNam Holding and its competitors. VietNam Holding's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VietNam Holding stock overvalued right now?
VietNam Holding (LSE:VNH) has a current Scaled Net Operating Assets of 0.86. The current Scaled Net Operating Assets is 0.86. VietNam Holding's overall GF Score™ is 39/100 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 VietNam Holding (LSE:VNH), the current Scaled Net Operating Assets is 0.86 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.

VietNam Holding Business Description

Address Royal Avenue, 1 Royal Plaza, Saint Peter Port, GGY, GY1 2HL
VietNam Holding Ltd is a closed-end investment company. Its investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential at an attractive valuation. The company invests in the securities of publicly traded companies in Vietnam, as well as in the securities of foreign companies if a majority of their assets and/or operations are based in Vietnam.
39GF 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.

£3.37
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