Hotel Royal (SGX:H12) Scaled Net Operating Assets: 0.98 (As of Dec. 2025)

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SGX:H12 Hotel Royal Ltd SGX:H12
81 GF Score
Price S$2.08
GF Value S$2.37
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hotel Royal Scaled Net Operating Assets?

Hotel Royal SGX:H12 -0.48% 81 Scaled Net Operating Assets is 0.98 as of Dec. 2025. GuruFocus rates SGX:H12 with a GF Score™ of 81/100 and a GF Value™ of S$2.37 (Modestly Undervalued). 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.

Hotel Royal's operating assets for the quarter that ended in Dec. 2025 was S$906.64 Mil. Hotel Royal's operating liabilities for the quarter that ended in Dec. 2025 was S$34.65 Mil. Hotel Royal's Total Assets for the quarter that ended in Jun. 2025 was S$890.23 Mil. Therefore, Hotel Royal's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.98.


Hotel Royal Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hotel Royal'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.

Hotel Royal Scaled Net Operating Assets Chart

Hotel Royal 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 0.93 0.99 0.95 0.97 0.97

Hotel Royal Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.93 0.98 0.94 0.98

SGX:H12 vs MAR, HLT, H: Scaled Net Operating Assets Comparison

For the Lodging subindustry, Hotel Royal'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.


Hotel Royal Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hotel Royal's Scaled Net Operating Assets distribution charts can be found below:

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


SGX:H12
81GF Score
Hotel Royal Ltd SGX:H12
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotel Royal 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.

Hotel Royal'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 )
=(906.635-34.654)/898.325
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=935.771 - 29.136
=906.635

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=193.904 - 152.1 - 7.15
=34.654

Hotel Royal'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 )
=(906.635-34.654)/890.225
=0.98

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=935.771 - 29.136
=906.635

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=193.904 - 152.1 - 7.15
=34.654

* 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 0.98 mean?
Hotel Royal (SGX:H12) has a Scaled Net Operating Assets of 0.98 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 Hotel Royal and its competitors.
Is Hotel Royal's Scaled Net Operating Assets too high?
Hotel Royal's current Scaled Net Operating Assets is 0.98. Overall, Hotel Royal has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotel Royal's Scaled Net Operating Assets compare to MAR and HLT?
Hotel Royal's Scaled Net Operating Assets of 0.98 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Hotel Royal and its competitors. Hotel Royal's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotel Royal stock overvalued right now?
Based on GuruFocus' analysis, Hotel Royal (SGX:H12) is currently considered Modestly Undervalued. The stock's GF Value™ is S$2.37, compared to a current price of S$2.08 — trading 12.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. Hotel Royal's overall GF Score™ is 81/100 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 Hotel Royal (SGX:H12), the current Scaled Net Operating Assets is 0.98 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.

Is Hotel Royal (SGX:H12) Overvalued in 2026?

Based on GuruFocus' analysis, Hotel Royal stock appears to be undervalued. The current stock price of S$2.08 is trading 12.2% below its estimated GF Value™ of S$2.37. GuruFocus considers Hotel Royal to be Modestly Undervalued.

Key valuation signals for SGX:H12:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: S$2.37 vs. price of S$2.08 (12.2% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the SGX:H12 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hotel Royal Business Description

Address 36 Newton Road, Singapore, SGP, 307964
Hotel Royal Ltd is in the business of hotel, property, and financial investment. It owns and operates the hotels under the Hotel Royal brand name and also provides ancillary services such as food and beverage. The group has hotel operations, property Investment and Financial investments segments. It owns and leases investment properties in Singapore, Malaysia, and New Zealand. It also holds financial assets to generate income and potential capital appreciation. The company generates the majority of its revenues from the Hotel operations segment. It operates its business in Singapore, Malaysia, Thailand, and New Zealand. The company derives maximum revenue from Singapore.
81GF Score

Get the complete analysis for SGX:H12

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

S$2.08
Price
S$2.37
GF Value