Salalah Port Services Co (MUS:SPSI) Scaled Net Operating Assets: 0.30 (As of Mar. 2026)


MUS:SPSI Salalah Port Services Co MUS:SPSI
50 GF Score
Price ر.ع0.53
GF Value ر.ع0.36
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Salalah Port Services Co Scaled Net Operating Assets?

Salalah Port Services Co MUS:SPSI 50 Scaled Net Operating Assets is 0.30 as of Mar. 2026. GuruFocus rates MUS:SPSI with a GF Score™ of 50/100 and a GF Value™ of ر.ع0.36 (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.

Salalah Port Services Co's operating assets for the quarter that ended in Mar. 2026 was ر.ع84.95 Mil. Salalah Port Services Co's operating liabilities for the quarter that ended in Mar. 2026 was ر.ع43.54 Mil. Salalah Port Services Co's Total Assets for the quarter that ended in Dec. 2025 was ر.ع140.05 Mil. Therefore, Salalah Port Services Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.30.


Salalah Port Services Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Salalah Port Services Co'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.

Salalah Port Services Co Scaled Net Operating Assets Chart

Salalah Port Services Co 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 0.37 0.37 0.56 0.74 0.34

Salalah Port Services Co 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 0.60 0.47 0.42 0.34 0.30

MUS:SPSI vs KEX: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, Salalah Port Services Co'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.


Salalah Port Services Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Salalah Port Services Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Salalah Port Services Co's Scaled Net Operating Assets falls into.


MUS:SPSI
50GF Score
Salalah Port Services Co MUS:SPSI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Salalah Port Services Co 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.

Salalah Port Services Co'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 )
=(85.012-38.229)/138.812
=0.34

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=140.054 - 55.042
=85.012

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58.741 - 14.353 - 6.159
=38.229

Salalah Port Services Co'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 )
=(84.954-43.539)/140.054
=0.30

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=136.405 - 51.451
=84.954

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62.523 - 12.71 - 6.274
=43.539

* 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 0.30 mean?
Salalah Port Services Co (MUS:SPSI) has a Scaled Net Operating Assets of 0.30 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 Salalah Port Services Co and its competitors.
Is Salalah Port Services Co's Scaled Net Operating Assets too high?
Salalah Port Services Co's current Scaled Net Operating Assets is 0.30. Overall, Salalah Port Services Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salalah Port Services Co's Scaled Net Operating Assets compare to KEX?
Salalah Port Services Co's Scaled Net Operating Assets of 0.30 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 Salalah Port Services Co and its competitors. Salalah Port Services Co's current Scaled Net Operating Assets is 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salalah Port Services Co stock overvalued right now?
Based on GuruFocus' analysis, Salalah Port Services Co (MUS:SPSI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.36, compared to a current price of ر.ع0.53 — trading 48.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.30. Salalah Port Services Co's overall GF Score™ is 50/100 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 Salalah Port Services Co (MUS:SPSI), the current Scaled Net Operating Assets is 0.30 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 Salalah Port Services Co (MUS:SPSI) Overvalued in 2026?

Based on GuruFocus' analysis, Salalah Port Services Co stock appears to be overvalued. The current stock price of ر.ع0.53 is trading 48.1% above its estimated GF Value™ of ر.ع0.36. GuruFocus considers Salalah Port Services Co to be Significantly Overvalued.

Key valuation signals for MUS:SPSI:

  • Scaled Net Operating Assets: 0.30
  • GF Value™: ر.ع0.36 vs. price of ر.ع0.53 (48.1% above fair value)
  • GF Score™: 50/100 with 5 warning signs

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


Salalah Port Services Co Business Description

Address Al Sarooj, Way No. 2601, Fourth Floor, Office 401, P.O. Box 105, PC 118, Beach One Building, Muscat, OMN, 211
Salalah Port Services Co operates the Port of Salalah, which is in the east-west shipping lane of the Sultanate of Oman. Its port activity includes leasing, equipping, operating, and managing Terminals and Cargo. The group operates with two business divisions; Container Terminal and General Cargo Terminal, of which it derives maximum revenue from Container Terminal. Its geographical area of operation includes Oman, Europe, and others of which the Europe region accounts for a larger share of the revenue.
50GF 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.

ر.ع0.53
Price
ر.ع0.36
GF Value