Hafary Holdings (SGX:5VS) Scaled Net Operating Assets: 0.82 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:5VS Hafary Holdings Ltd SGX:5VS
61 GF Score
Price S$0.57
GF Value S$0.43
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Hafary Holdings Scaled Net Operating Assets?

Hafary Holdings SGX:5VS 61 Scaled Net Operating Assets is 0.82 as of Jun. 2026. GuruFocus rates SGX:5VS with a GF Score™ of 61/100 and a GF Value™ of S$0.43 (Significantly Overvalued). The stock has 11 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.

Hafary Holdings's operating assets for the quarter that ended in Jun. 2026 was S$487.9 Mil. Hafary Holdings's operating liabilities for the quarter that ended in Jun. 2026 was S$71.5 Mil. Hafary Holdings's Total Assets for the quarter that ended in Dec. 2025 was S$509.8 Mil. Therefore, Hafary Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.82.


Hafary Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hafary 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.

Hafary Holdings Scaled Net Operating Assets Chart

Hafary 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 1.12 1.22 0.95 0.87 0.80

Hafary Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.87 0.82 0.80 0.82 0.82

SGX:5VS vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Hafary 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.


Hafary Holdings Scaled Net Operating Assets vs Construction Industry

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

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


SGX:5VS
61GF Score
Hafary Holdings Ltd SGX:5VS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hafary 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.

Hafary 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 )
=(488.32-80.226)/512.011
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=509.835 - 21.515
=488.32

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=357.359 - 154.218 - 122.915
=80.226

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

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Dec. 2025 )
=(487.864-71.496)/509.835
=0.82

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=509.105 - 21.241
=487.864

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=352.493 - 147.778 - 133.219
=71.496

* 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 0.82 mean?
Hafary Holdings (SGX:5VS) has a Scaled Net Operating Assets of 0.82 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hafary Holdings and its competitors.
Is Hafary Holdings' Scaled Net Operating Assets too high?
Hafary Holdings' current Scaled Net Operating Assets is 0.82. Overall, Hafary Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hafary Holdings' Scaled Net Operating Assets compare to TT and JCI?
Hafary Holdings' Scaled Net Operating Assets of 0.82 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Hafary Holdings and its competitors. Hafary Holdings's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hafary Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hafary Holdings (SGX:5VS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.43, compared to a current price of S$0.57 — trading 31.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.82. Hafary Holdings' overall GF Score™ is 61/100 with 11 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 Hafary Holdings (SGX:5VS), the current Scaled Net Operating Assets is 0.82 as of Jun. 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 Hafary Holdings (SGX:5VS) Overvalued in 2026?

Based on GuruFocus' analysis, Hafary Holdings stock appears to be overvalued. The current stock price of S$0.57 is trading 31.4% above its estimated GF Value™ of S$0.43. GuruFocus considers Hafary Holdings to be Significantly Overvalued.

Key valuation signals for SGX:5VS:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: S$0.43 vs. price of S$0.57 (31.4% above fair value)
  • GF Score™: 61/100 with 11 warning signs

No single metric tells the full story. See the SGX:5VS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hafary Holdings Business Description

Address 105 Eunos Avenue 3, Hafary Centre, Singapore, SGP, 409836
Hafary Holdings Ltd is engaged in the production and distribution of premium tiles, stone, mosaic, wood flooring, quartz top, sanitary ware, and fittings. The company is organized into segments such as; the General segment which is specially designed as per the requirement of small property developers which contributes a part of revenue. Project segment is majorly designed as the requirement of customers who are involved in property development projects. Manufacturing segment includes manufacturing of ceramic tiles that cater to the customers' requirements and specifications. Others segment that engage in investing activities including net rental collected from properties. Majority of its derived from the General segment.
61GF Score

Get the complete analysis for SGX:5VS

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

S$0.57
Price
S$0.43
GF Value