LS 2 Holdings (SGX:ENV) Scaled Net Operating Assets: 0.53 (As of Dec. 2025)

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.

What is LS 2 Holdings Scaled Net Operating Assets?

LS 2 Holdings SGX:ENV -6.67% Scaled Net Operating Assets is 0.53 as of Dec. 2025. The stock has 1 warning sign investors should review.

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

LS 2 Holdings's operating assets for the quarter that ended in Dec. 2025 was S$30.17 Mil. LS 2 Holdings's operating liabilities for the quarter that ended in Dec. 2025 was S$11.47 Mil. LS 2 Holdings's Total Assets for the quarter that ended in Jun. 2025 was S$35.55 Mil. Therefore, LS 2 Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.53.


LS 2 Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LS 2 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.

LS 2 Holdings Scaled Net Operating Assets Chart

LS 2 Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.63 0.48 0.45 0.60 0.52

LS 2 Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.48 0.61 0.57 0.49 0.53

SGX:ENV vs CTAS, CPRT, GPN: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, LS 2 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.


LS 2 Holdings Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, LS 2 Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where LS 2 Holdings's Scaled Net Operating Assets falls into.



LS 2 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.

LS 2 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 )
=(30.173-11.473)/35.759
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37.842 - 7.669
=30.173

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.035 - 0.4 - 2.162
=11.473

LS 2 Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(30.173-11.473)/35.546
=0.53

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37.842 - 7.669
=30.173

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.035 - 0.4 - 2.162
=11.473

* 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 0.53 mean?
LS 2 Holdings (SGX:ENV) has a Scaled Net Operating Assets of 0.53 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LS 2 Holdings and its competitors.
Is LS 2 Holdings' Scaled Net Operating Assets too high?
LS 2 Holdings' current Scaled Net Operating Assets is 0.53.
How does LS 2 Holdings' Scaled Net Operating Assets compare to CTAS and CPRT?
LS 2 Holdings' Scaled Net Operating Assets of 0.53 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 LS 2 Holdings and its competitors. LS 2 Holdings's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LS 2 Holdings stock overvalued right now?
Based on GuruFocus' analysis, LS 2 Holdings (SGX:ENV) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.07 — trading 22.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.53. 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 LS 2 Holdings (SGX:ENV), the current Scaled Net Operating Assets is 0.53 as of Dec. 2025. 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.

LS 2 Holdings Business Description

Address 1 Bukit Batok Crescent, WCEGA Plaza, No. 04-11, Singapore, SGP, 658064
LS 2 Holdings Ltd principal activity of the Company is that of an investment holding. It is divided into segments namely: Cleaning services include conservancy services, facilities cleaning services, and pandemic disinfection services; Pest control services comprise rubbish chute cleaning and fogging services; Machinery relates to design, manufacture and repair of machinery and equipment in relation to the cleaning industry; Integrated facilities management services relates to provision of management services of physical workplaces and infrastructure which include overseeing the maintenance, operation, and enhancement of workplace; and Others relates to cost incurred in investment of which majority of revenue comes from Cleaning services. All the Groups operations are in Singapore.