Hong Fok (SGX:H30) Scaled Net Operating Assets: 0.97 (As of Dec. 2025)

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SGX:H30 Hong Fok Corp Ltd SGX:H30
50 GF Score
Price S$0.91
GF Value S$0.66
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Hong Fok Scaled Net Operating Assets?

Hong Fok SGX:H30 50 Scaled Net Operating Assets is 0.97 as of Dec. 2025. GuruFocus rates SGX:H30 with a GF Score™ of 50/100 and a GF Value™ of S$0.66 (Significantly Overvalued). The stock has 5 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.

Hong Fok's operating assets for the quarter that ended in Dec. 2025 was S$3,615.52 Mil. Hong Fok's operating liabilities for the quarter that ended in Dec. 2025 was S$61.46 Mil. Hong Fok's Total Assets for the quarter that ended in Jun. 2025 was S$3,646.57 Mil. Therefore, Hong Fok's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.97.


Hong Fok Scaled Net Operating Assets Historical Data

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The historical data trend for Hong Fok'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.

Hong Fok Scaled Net Operating Assets Chart

Hong Fok 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 0.97 1.00 0.99 0.97 0.97

Hong Fok 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 0.99 0.97 0.96 0.97 0.98

SGX:H30 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Hong Fok'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.


Hong Fok Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Fok's Scaled Net Operating Assets distribution charts can be found below:

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


SGX:H30
50GF Score
Hong Fok Corp Ltd SGX:H30
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Fok 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.

Hong Fok'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 )
=(3615.515-61.457)/3650.318
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3671.806 - 56.291
=3615.515

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=747.602 - 669.299 - 16.846
=61.457

Hong Fok'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 )
=(3615.515-61.457)/3646.567
=0.97

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3671.806 - 56.291
=3615.515

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=747.602 - 669.299 - 16.846
=61.457

* 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 0.97 mean?
Hong Fok (SGX:H30) has a Scaled Net Operating Assets of 0.97 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 Hong Fok and its competitors.
Is Hong Fok's Scaled Net Operating Assets too high?
Hong Fok's current Scaled Net Operating Assets is 0.97. Overall, Hong Fok has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Fok's Scaled Net Operating Assets compare to CBRE and BEKE?
Hong Fok's Scaled Net Operating Assets of 0.97 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Hong Fok and its competitors. Hong Fok's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Fok stock overvalued right now?
Based on GuruFocus' analysis, Hong Fok (SGX:H30) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.66, compared to a current price of S$0.91 — trading 37.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.97. Hong Fok's overall GF Score™ is 50/100 with 5 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 Hong Fok (SGX:H30), the current Scaled Net Operating Assets is 0.97 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 Hong Fok (SGX:H30) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Fok stock appears to be overvalued. The current stock price of S$0.91 is trading 37.9% above its estimated GF Value™ of S$0.66. GuruFocus considers Hong Fok to be Significantly Overvalued.

Key valuation signals for SGX:H30:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: S$0.66 vs. price of S$0.91 (37.9% above fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the SGX:H30 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Fok Business Description

Address 300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555
Hong Fok Corp Ltd is an investment holding company. The principal activities of the company consist of investment, property development and construction, property management, investment trading, provision of horticultural services, and investment holding and management. The company has three reportable segments: Property investment, which includes investments in investment properties; Property development and construction, which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management, which provides maintenance and management services. The company generates majority of its revenue from the Property development and construction segment.
50GF Score

Get the complete analysis for SGX:H30

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

S$0.91
Price
S$0.66
GF Value