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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Vipshop Holdings's operating assets for the quarter that ended in Mar. 2026 was $7,194 Mil. Vipshop Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $4,075 Mil. Vipshop Holdings's Total Assets for the quarter that ended in Dec. 2025 was $11,194 Mil. Therefore, Vipshop Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.28.
Vipshop Holdings Scaled Net Operating Assets Related Terms
Vipshop Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for Vipshop Holdings'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.
Vipshop Holdings Scaled Net Operating Assets Chart
LTS:0LQ0 vs GLBE, ETSY, CHWY: Scaled Net Operating Assets Comparison
For the Internet Retail subindustry, Vipshop Holdings'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.
Vipshop Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Vipshop Holdings's Scaled Net Operating Assets falls into.
* 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 0.28 mean?
Vipshop Holdings (LTS:0LQ0) has a Scaled Net Operating Assets of 0.28 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 Vipshop Holdings and its competitors.
Is Vipshop Holdings' Scaled Net Operating Assets too high?
Vipshop Holdings' current Scaled Net Operating Assets is 0.28. Overall, Vipshop Holdings has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' Scaled Net Operating Assets compare to GLBE and ETSY?
Vipshop Holdings' Scaled Net Operating Assets of 0.28 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Vipshop Holdings and its competitors. Vipshop Holdings's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (LTS:0LQ0) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.54, compared to a current price of $14.68 — trading 16.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.28. Vipshop Holdings' overall GF Score™ is 74/100 with 2 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 Vipshop Holdings (LTS:0LQ0), the current Scaled Net Operating Assets is 0.28 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 Vipshop Holdings (LTS:0LQ0) Overvalued in 2026?
Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued.
The current stock price of $14.68 is trading 16.3% below its estimated GF Value™ of $17.54.
GuruFocus considers Vipshop Holdings to be Modestly Undervalued.
Key valuation signals for LTS:0LQ0:
Scaled Net Operating Assets: 0.28
GF Value™: $17.54 vs. price of $14.68 (16.3% below fair value)
No single metric tells the full story. See the LTS:0LQ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
74GF Score
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