MacroAsia (PHS:MAC) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


PHS:MAC MacroAsia Corp PHS:MAC
89 GF Score
Price ₱3.89
GF Value ₱5.65
Valuation Significantly Undervalued
! 5 Warning Signs
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What is MacroAsia Scaled Net Operating Assets?

MacroAsia PHS:MAC -0.26% 89 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates PHS:MAC with a GF Score™ of 89/100 and a GF Value™ of ₱5.65 (Significantly Undervalued). 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.

MacroAsia's operating assets for the quarter that ended in Mar. 2026 was ₱15,031 Mil. MacroAsia's operating liabilities for the quarter that ended in Mar. 2026 was ₱3,366 Mil. MacroAsia's Total Assets for the quarter that ended in Dec. 2025 was ₱16,574 Mil. Therefore, MacroAsia's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.

MacroAsia Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MacroAsia'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.

MacroAsia Scaled Net Operating Assets Chart

MacroAsia 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 0.78 0.82 0.74 0.72 0.77

MacroAsia 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 0.67 0.71 0.72 0.64 0.70

PHS:MAC vs JOBY: Scaled Net Operating Assets Comparison

For the Airports & Air Services subindustry, MacroAsia'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.

MacroAsia Scaled Net Operating Assets vs Transportation Industry

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

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


PHS:MAC
89GF Score
MacroAsia Corp PHS:MAC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MacroAsia 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.

MacroAsia'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 )
=(14103.296-3758.061)/13417.651
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16573.914 - 2470.618
=14103.296

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7503.058 - 2963.623 - 781.374
=3758.061

MacroAsia'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 )
=(15030.815-3365.912)/16573.914
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17148.742 - 2117.927
=15030.815

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7799.142 - 3036.926 - 1396.304
=3365.912

* 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 0.70 mean?
MacroAsia (PHS:MAC) has a Scaled Net Operating Assets of 0.70 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 MacroAsia and its competitors.
Is MacroAsia's Scaled Net Operating Assets too high?
MacroAsia's current Scaled Net Operating Assets is 0.70. Overall, MacroAsia has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MacroAsia's Scaled Net Operating Assets compare to JOBY?
MacroAsia's Scaled Net Operating Assets of 0.70 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 MacroAsia and its competitors. MacroAsia's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MacroAsia stock overvalued right now?
Based on GuruFocus' analysis, MacroAsia (PHS:MAC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱5.65, compared to a current price of ₱3.89 — trading 31.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. MacroAsia's overall GF Score™ is 89/100 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 MacroAsia (PHS:MAC), the current Scaled Net Operating Assets is 0.70 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 MacroAsia (PHS:MAC) Overvalued in 2026?

Based on GuruFocus' analysis, MacroAsia stock appears to be undervalued. The current stock price of ₱3.89 is trading 31.2% below its estimated GF Value™ of ₱5.65. GuruFocus considers MacroAsia to be Significantly Undervalued.

Key valuation signals for PHS:MAC:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: ₱5.65 vs. price of ₱3.89 (31.2% below fair value)
  • GF Score™: 89/100 with 5 warning signs

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

MacroAsia Business Description

Address 112 Aguirre Street, 7th Floor, Ricogen Building, Legazpi Village, Makati City, PHL, 1229
MacroAsia Corp engages in providing aviation-support business at the engaged in aviation-support businesses at the Ninoy Aquino International Airport (NAIA), Manila Domestic Airport (MDA), Mactan-Cebu International Airport (MCIA), Kalibo International Airport (KIA), Davao International Airport, Tuguegarao Airport and the General Aviation Area. Its segments are In-flight and other catering segment which generates key revenue, Ground handling and aviation segment, administrative segment, Mining segment, Water treatment and distribution segment, ICT services, and Maintenance, repairs, and overhaul segment.
89GF Score

Get the complete analysis for PHS:MAC

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

₱3.89
Price
₱5.65
GF Value