GDS Holdings (MEX:GDSN) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


MEX:GDSN GDS Holdings Ltd MEX:GDSN
69 GF Score
Price MXN618.00
GF Value MXN449.22
Valuation Significantly Overvalued
! 5 Warning Signs
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What is GDS Holdings Scaled Net Operating Assets?

GDS Holdings MEX:GDSN 69 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates MEX:GDSN with a GF Score™ of 69/100 and a GF Value™ of MXN449.22 (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.

GDS Holdings's operating assets for the quarter that ended in Mar. 2026 was MXN181,351 Mil. GDS Holdings's operating liabilities for the quarter that ended in Mar. 2026 was MXN11,791 Mil. GDS Holdings's Total Assets for the quarter that ended in Dec. 2025 was MXN204,513 Mil. Therefore, GDS Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


GDS Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for GDS 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.

GDS Holdings Scaled Net Operating Assets Chart

GDS Holdings 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 0.98 0.73 0.65 0.98 0.73

GDS Holdings 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 0.81 0.76 0.75 0.76 0.83

MEX:GDSN vs INGM, PSN, G: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, GDS 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.


GDS Holdings Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, GDS Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:GDSN
69GF Score
GDS Holdings Ltd MEX:GDSN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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GDS Holdings 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.

GDS Holdings'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 )
=(166233.688-12110.945)/210967.859
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=204513.425 - 38279.737
=166233.688

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133604.577 - 111883.854 - 9609.778
=12110.945

GDS Holdings'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 )
=(181350.702-11791.342)/204513.425
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=220132.723 - 38782.021
=181350.702

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=135251.119 - 98667.911 - 24791.866
=11791.342

* 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 0.83 mean?
GDS Holdings (MEX:GDSN) has a Scaled Net Operating Assets of 0.83 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 GDS Holdings and its competitors.
Is GDS Holdings' Scaled Net Operating Assets too high?
GDS Holdings' current Scaled Net Operating Assets is 0.83. Overall, GDS Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GDS Holdings' Scaled Net Operating Assets compare to INGM and PSN?
GDS Holdings' Scaled Net Operating Assets of 0.83 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 GDS Holdings and its competitors. GDS Holdings's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GDS Holdings (MEX:GDSN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN449.22, compared to a current price of MXN618.00 — trading 37.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. GDS Holdings' overall GF Score™ is 69/100 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 GDS Holdings (MEX:GDSN), the current Scaled Net Operating Assets is 0.83 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 GDS Holdings (MEX:GDSN) Overvalued in 2026?

Based on GuruFocus' analysis, GDS Holdings stock appears to be overvalued. The current stock price of MXN618.00 is trading 37.6% above its estimated GF Value™ of MXN449.22. GuruFocus considers GDS Holdings to be Significantly Overvalued.

Key valuation signals for MEX:GDSN:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: MXN449.22 vs. price of MXN618.00 (37.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


GDS Holdings Business Description

Address No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137
GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
69GF Score

Get the complete analysis for MEX:GDSN

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

MXN618.00
Price
MXN449.22
GF Value