Cortina Holdings (SGX:C41) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)

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SGX:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.90
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Cortina Holdings Scaled Net Operating Assets?

Cortina Holdings SGX:C41 95 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 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.

Cortina Holdings's operating assets for the quarter that ended in Mar. 2026 was S$633.8 Mil. Cortina Holdings's operating liabilities for the quarter that ended in Mar. 2026 was S$106.3 Mil. Cortina Holdings's Total Assets for the quarter that ended in Sep. 2025 was S$747.2 Mil. Therefore, Cortina Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Cortina Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Cortina 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.

Cortina Holdings Scaled Net Operating Assets Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.57 0.68 0.71 0.70

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.68 0.65 0.71 0.61 0.71

SGX:C41 vs TPR: Scaled Net Operating Assets Comparison

For the Luxury Goods subindustry, Cortina 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.


Cortina Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cortina 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.

Cortina Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(633.778-106.33)/750.259
=0.70

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=796.451 - 162.673
=633.778

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=298.086 - 109.047 - 82.709
=106.33

Cortina 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: Sep. 2025 )
=(633.778-106.33)/747.206
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=796.451 - 162.673
=633.778

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=298.086 - 109.047 - 82.709
=106.33

* 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 0.71 mean?
Cortina Holdings (SGX:C41) has a Scaled Net Operating Assets of 0.71 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 Cortina Holdings and its competitors.
Is Cortina Holdings' Scaled Net Operating Assets too high?
Cortina Holdings' current Scaled Net Operating Assets is 0.71. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Scaled Net Operating Assets compare to TPR?
Cortina Holdings' Scaled Net Operating Assets of 0.71 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Cortina Holdings and its competitors. Cortina Holdings's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.90 — trading 0.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Scaled Net Operating Assets is 0.71 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 Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be overvalued. The current stock price of S$3.90 is trading 0.3% above its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: S$3.89 vs. price of S$3.90 (0.3% above fair value)
  • GF Score™: 95/100 with 7 warning signs

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

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

S$3.90
Price
S$3.89
GF Value