Macay Holdings (PHS:MACAY) Scaled Net Operating Assets: 0.79 (As of Mar. 2026)


PHS:MACAY Macay Holdings Inc PHS:MACAY
75 GF Score
Price ₱6.11
GF Value ₱7.31
Valuation Modestly Undervalued
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What is Macay Holdings Scaled Net Operating Assets?

Macay Holdings PHS:MACAY 75 Scaled Net Operating Assets is 0.79 as of Mar. 2026. GuruFocus rates PHS:MACAY with a GF Score™ of 75/100 and a GF Value™ of ₱7.31 (Modestly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Macay Holdings's operating assets for the quarter that ended in Mar. 2026 was ₱7,213 Mil. Macay Holdings's operating liabilities for the quarter that ended in Mar. 2026 was ₱821 Mil. Macay Holdings's Total Assets for the quarter that ended in Dec. 2025 was ₱8,051 Mil. Therefore, Macay Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.79.


Macay Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Macay 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.

Macay Holdings Scaled Net Operating Assets Chart

Macay 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 0.57 0.56 0.69 0.49 0.86

Macay 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 0.78 0.82 0.82 0.83 0.79

PHS:MACAY vs KO, PEP, MNST: Scaled Net Operating Assets Comparison

For the Beverages - Non-Alcoholic subindustry, Macay 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.


Macay Holdings Scaled Net Operating Assets vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Macay Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


PHS:MACAY
75GF Score
Macay Holdings Inc PHS:MACAY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Macay 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.

Macay 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 )
=(7176.098-831.756)/7390.278
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8051.162 - 875.064
=7176.098

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2335.323 - 875.727 - 627.84
=831.756

Macay 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 )
=(7213.051-821.453)/8051.162
=0.79

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8290.337 - 1077.286
=7213.051

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2334.055 - 888.369 - 624.233
=821.453

* 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 0.79 mean?
Macay Holdings (PHS:MACAY) has a Scaled Net Operating Assets of 0.79 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 Macay Holdings and its competitors.
Is Macay Holdings' Scaled Net Operating Assets too high?
Macay Holdings' current Scaled Net Operating Assets is 0.79. Overall, Macay Holdings has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macay Holdings' Scaled Net Operating Assets compare to KO and PEP?
Macay Holdings' Scaled Net Operating Assets of 0.79 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Non-Alcoholic 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 Macay Holdings and its competitors. Macay Holdings's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macay Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macay Holdings (PHS:MACAY) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱7.31, compared to a current price of ₱6.11 — trading 16.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. Macay Holdings' overall GF Score™ is 75/100. 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 Macay Holdings (PHS:MACAY), the current Scaled Net Operating Assets is 0.79 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 Macay Holdings (PHS:MACAY) Overvalued in 2026?

Based on GuruFocus' analysis, Macay Holdings stock appears to be undervalued. The current stock price of ₱6.11 is trading 16.4% below its estimated GF Value™ of ₱7.31. GuruFocus considers Macay Holdings to be Modestly Undervalued.

Key valuation signals for PHS:MACAY:

  • Scaled Net Operating Assets: 0.79
  • GF Value™: ₱7.31 vs. price of ₱6.11 (16.4% below fair value)
  • GF Score™: 75/100

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


Macay Holdings Business Description

Address 137 Yakal Street, San Antonio Village, Makati, PHL, 1203
Macay Holdings Inc Group operates principally in the food and beverage business. The Group is organized into only one operating segment, food and beverage industry, which mainly consists of operations from RC, AEI, NCI, RCGBI and RCCI.
75GF Score

Get the complete analysis for PHS:MACAY

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

₱6.11
Price
₱7.31
GF Value