Pal Holdings (PHS:PAL) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)


PHS:PAL Pal Holdings Inc PHS:PAL
51 GF Score
Price ₱2.70
GF Value ₱2.75
Valuation Fairly Valued
! 4 Warning Signs
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What is Pal Holdings Scaled Net Operating Assets?

Pal Holdings PHS:PAL -0.37% 51 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates PHS:PAL with a GF Score™ of 51/100 and a GF Value™ of ₱2.75 (Fairly Valued). The stock has 4 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.

Pal Holdings's operating assets for the quarter that ended in Mar. 2026 was ₱222,034 Mil. Pal Holdings's operating liabilities for the quarter that ended in Mar. 2026 was ₱97,099 Mil. Pal Holdings's Total Assets for the quarter that ended in Dec. 2025 was ₱230,620 Mil. Therefore, Pal Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.


Pal Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Pal 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.

Pal Holdings Scaled Net Operating Assets Chart

Pal 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 0.45 0.50 0.43 0.46 0.56

Pal 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 0.48 0.48 0.52 0.54 0.54

PHS:PAL vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Pal 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.


Pal Holdings Scaled Net Operating Assets vs Transportation Industry

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

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


PHS:PAL
51GF Score
Pal Holdings Inc PHS:PAL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pal 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.

Pal 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 )
=(204647.746-85540.042)/213260.725
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=230620.343 - 25972.597
=204647.746

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=185129.158 - 73056.452 - 26532.664
=85540.042

Pal 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 )
=(222033.916-97099.036)/230620.343
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=259940.191 - 37906.275
=222033.916

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=208201.296 - 83099.072 - 28003.188
=97099.036

* 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 0.54 mean?
Pal Holdings (PHS:PAL) has a Scaled Net Operating Assets of 0.54 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 Pal Holdings and its competitors.
Is Pal Holdings' Scaled Net Operating Assets too high?
Pal Holdings' current Scaled Net Operating Assets is 0.54. Overall, Pal Holdings has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pal Holdings' Scaled Net Operating Assets compare to DAL and UAL?
Pal Holdings' Scaled Net Operating Assets of 0.54 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 Pal Holdings and its competitors. Pal Holdings's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pal Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pal Holdings (PHS:PAL) is currently considered Fairly Valued. The stock's GF Value™ is ₱2.75, compared to a current price of ₱2.70 — trading 1.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.54. Pal Holdings' overall GF Score™ is 51/100 with 4 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 Pal Holdings (PHS:PAL), the current Scaled Net Operating Assets is 0.54 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 Pal Holdings (PHS:PAL) Overvalued in 2026?

Based on GuruFocus' analysis, Pal Holdings stock appears to be undervalued. The current stock price of ₱2.70 is trading 1.8% below its estimated GF Value™ of ₱2.75. GuruFocus considers Pal Holdings to be Fairly Valued.

Key valuation signals for PHS:PAL:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: ₱2.75 vs. price of ₱2.70 (1.8% below fair value)
  • GF Score™: 51/100 with 4 warning signs

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


Pal Holdings Business Description

Address Andrews Avenue, Philippine Airlines, PAL Gate 5, Lucio K. Tan Junior Center, Pasay City, PHL, 1300
Pal Holdings Inc through its subsidiaries, is engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. Its revenues are mainly derived from rendering transportation services, and all sales are made to external customers.
51GF 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.

₱2.70
Price
₱2.75
GF Value