Hallenstein Glassons Holdings (NZSE:HLG) Scaled Net Operating Assets: 0.58 (As of Jan. 2026)

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NZSE:HLG Hallenstein Glassons Holdings Ltd NZSE:HLG
95 GF Score
Price NZ$10.52
GF Value NZ$8.38
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Hallenstein Glassons Holdings Scaled Net Operating Assets?

Hallenstein Glassons Holdings NZSE:HLG +2.63% 95 Scaled Net Operating Assets is 0.58 as of Jan. 2026. GuruFocus rates NZSE:HLG with a GF Score™ of 95/100 and a GF Value™ of NZ$8.38 (Modestly 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.

Hallenstein Glassons Holdings's operating assets for the quarter that ended in Jan. 2026 was NZ$181.4 Mil. Hallenstein Glassons Holdings's operating liabilities for the quarter that ended in Jan. 2026 was NZ$47.9 Mil. Hallenstein Glassons Holdings's Total Assets for the quarter that ended in Jul. 2025 was NZ$231.2 Mil. Therefore, Hallenstein Glassons Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.58.


Hallenstein Glassons Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Hallenstein Glassons 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.

Hallenstein Glassons Holdings Scaled Net Operating Assets Chart

Hallenstein Glassons Holdings Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.67 0.68 0.67 0.59

Hallenstein Glassons Holdings Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.67 0.65 0.62 0.59 0.58

NZSE:HLG vs TJX, ROST, BURL: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Hallenstein Glassons 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.


Hallenstein Glassons Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hallenstein Glassons Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


NZSE:HLG
95GF Score
Hallenstein Glassons Holdings Ltd NZSE:HLG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hallenstein Glassons 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.

Hallenstein Glassons Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(172.883-42.681)/219.015
=0.59

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=231.216 - 58.333
=172.883

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=119.321 - 49.96 - 26.68
=42.681

Hallenstein Glassons Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(181.369-47.851)/231.216
=0.58

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=248.904 - 67.535
=181.369

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=127.362 - 52.838 - 26.673
=47.851

* 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 0.58 mean?
Hallenstein Glassons Holdings (NZSE:HLG) has a Scaled Net Operating Assets of 0.58 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hallenstein Glassons Holdings and its competitors.
Is Hallenstein Glassons Holdings' Scaled Net Operating Assets too high?
Hallenstein Glassons Holdings' current Scaled Net Operating Assets is 0.58. Overall, Hallenstein Glassons Holdings has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hallenstein Glassons Holdings' Scaled Net Operating Assets compare to TJX and ROST?
Hallenstein Glassons Holdings' Scaled Net Operating Assets of 0.58 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 Hallenstein Glassons Holdings and its competitors. Hallenstein Glassons Holdings's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hallenstein Glassons Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hallenstein Glassons Holdings (NZSE:HLG) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$8.38, compared to a current price of NZ$10.52 — trading 25.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. Hallenstein Glassons Holdings' overall GF Score™ is 95/100 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 Hallenstein Glassons Holdings (NZSE:HLG), the current Scaled Net Operating Assets is 0.58 as of Jan. 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 Hallenstein Glassons Holdings (NZSE:HLG) Overvalued in 2026?

Based on GuruFocus' analysis, Hallenstein Glassons Holdings stock appears to be overvalued. The current stock price of NZ$10.52 is trading 25.5% above its estimated GF Value™ of NZ$8.38. GuruFocus considers Hallenstein Glassons Holdings to be Modestly Overvalued.

Key valuation signals for NZSE:HLG:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: NZ$8.38 vs. price of NZ$10.52 (25.5% above fair value)
  • GF Score™: 95/100 with 5 warning signs

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


Hallenstein Glassons Holdings Business Description

Address 235 - 237 Broadway, P.O. Box 91148, Level 3, Newmarket, Newmarket, Auckland, NZL, 1023
Hallenstein Glassons Holdings Ltd along with its subsidiaries is engaged in retailing men's and women's apparel. Its operating segment includes Glassons New Zealand; Glassons Australia; Hallenstein; Property and others. The company generates maximum revenue from the Glassons New Zealand segment.
95GF Score

Get the complete analysis for NZSE:HLG

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

NZ$10.52
Price
NZ$8.38
GF Value