Boulevard Holdings (PHS:BHI) Scaled Net Operating Assets: 0.74 (As of Feb. 2026)


What is Boulevard Holdings Scaled Net Operating Assets?

Boulevard Holdings PHS:BHI Scaled Net Operating Assets is 0.74 as of Feb. 2026. The stock has 2 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.

Boulevard Holdings's operating assets for the quarter that ended in Feb. 2026 was ₱1,888.52 Mil. Boulevard Holdings's operating liabilities for the quarter that ended in Feb. 2026 was ₱245.62 Mil. Boulevard Holdings's Total Assets for the quarter that ended in Nov. 2025 was ₱2,213.63 Mil. Therefore, Boulevard Holdings's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.74.

Boulevard Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Boulevard 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.

Boulevard Holdings Scaled Net Operating Assets Chart

Boulevard Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.76 0.52 0.70 0.72

Boulevard Holdings Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.76 0.72 0.75 0.75 0.74

PHS:BHI vs MAR, HLT, H: Scaled Net Operating Assets Comparison

For the Lodging subindustry, Boulevard 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.

Boulevard Holdings Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boulevard Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


Boulevard 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.

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

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(1876.149-229.184)/2288.079
=0.72

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2205.875 - 329.726
=1876.149

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=230.465 - 1.041 - 0.24
=229.184

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

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(1888.52-245.621)/2213.634
=0.74

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2211.675 - 323.155
=1888.52

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=246.705 - 0.513 - 0.571
=245.621

* 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 0.74 mean?
Boulevard Holdings (PHS:BHI) has a Scaled Net Operating Assets of 0.74 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Boulevard Holdings and its competitors.
Is Boulevard Holdings' Scaled Net Operating Assets too high?
Boulevard Holdings' current Scaled Net Operating Assets is 0.74.
How does Boulevard Holdings' Scaled Net Operating Assets compare to MAR and HLT?
Boulevard Holdings' Scaled Net Operating Assets of 0.74 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Boulevard Holdings and its competitors. Boulevard Holdings's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boulevard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boulevard Holdings (PHS:BHI) is currently considered Possible Value Trap. The stock's GF Value™ is ₱0.06, compared to a current price of ₱0.04 — trading 38.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. 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 Boulevard Holdings (PHS:BHI), the current Scaled Net Operating Assets is 0.74 as of Feb. 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.

Boulevard Holdings Business Description

Address 107 L.P. Leviste Street, Unit 1704, The Peak Tower, 17th Floor, Salcedo Village, Makati, PHL, 1227
Boulevard Holdings Inc is a holding company. It is engaged in the ownership of companies involved in the development of hotels and resorts and tourism-related businesses, investments in strategic land locations, and rentable real estate properties. The company's operating segment includes Investment Holding and Hospitality and Leisure. It generates maximum revenue from the Hospitality and Leisure segment.