Khong Guan (SGX:K03) Scaled Net Operating Assets: 0.80 (As of Jan. 2026)

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SGX:K03 Khong Guan Ltd SGX:K03
68 GF Score
Price S$0.85
GF Value S$1.03
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Khong Guan Scaled Net Operating Assets?

Khong Guan SGX:K03 68 Scaled Net Operating Assets is 0.80 as of Jan. 2026. GuruFocus rates SGX:K03 with a GF Score™ of 68/100 and a GF Value™ of S$1.03 (Modestly Undervalued). The stock has 2 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.

Khong Guan's operating assets for the quarter that ended in Jan. 2026 was S$64.42 Mil. Khong Guan's operating liabilities for the quarter that ended in Jan. 2026 was S$10.22 Mil. Khong Guan's Total Assets for the quarter that ended in Jul. 2025 was S$67.83 Mil. Therefore, Khong Guan's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.80.


Khong Guan Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Khong Guan'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.

Khong Guan Scaled Net Operating Assets Chart

Khong Guan Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.77 0.71 0.75 0.78

Khong Guan Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.74 0.77 0.81 0.74 0.80

SGX:K03 vs SYY, USFD, PFGC: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Khong Guan'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.


Khong Guan Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Khong Guan's Scaled Net Operating Assets distribution charts can be found below:

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


SGX:K03
68GF Score
Khong Guan Ltd SGX:K03
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khong Guan 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.

Khong Guan's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(61.65-10.505)/65.614
=0.78

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=67.834 - 6.184
=61.65

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10.634 - 0.048 - 0.081
=10.505

Khong Guan's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(64.421-10.223)/67.834
=0.80

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=70.108 - 5.687
=64.421

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10.464 - 0.029 - 0.212
=10.223

* 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 0.80 mean?
Khong Guan (SGX:K03) has a Scaled Net Operating Assets of 0.80 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Khong Guan and its competitors.
Is Khong Guan's Scaled Net Operating Assets too high?
Khong Guan's current Scaled Net Operating Assets is 0.80. Overall, Khong Guan has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khong Guan's Scaled Net Operating Assets compare to SYY and USFD?
Khong Guan's Scaled Net Operating Assets of 0.80 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Khong Guan and its competitors. Khong Guan's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khong Guan stock overvalued right now?
Based on GuruFocus' analysis, Khong Guan (SGX:K03) is currently considered Modestly Undervalued. The stock's GF Value™ is S$1.03, compared to a current price of S$0.85 — trading 18% below its estimated fair value. The current Scaled Net Operating Assets is 0.80. Khong Guan's overall GF Score™ is 68/100 with 2 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 Khong Guan (SGX:K03), the current Scaled Net Operating Assets is 0.80 as of Jan. 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 Khong Guan (SGX:K03) Overvalued in 2026?

Based on GuruFocus' analysis, Khong Guan stock appears to be undervalued. The current stock price of S$0.85 is trading 18% below its estimated GF Value™ of S$1.03. GuruFocus considers Khong Guan to be Modestly Undervalued.

Key valuation signals for SGX:K03:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: S$1.03 vs. price of S$0.85 (18% below fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the SGX:K03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Khong Guan Business Description

Address 2 MacTaggart Road, No. 03-01, Khong Guan Building, Singapore, SGP, 368078
Khong Guan Ltd is a Singapore-based investment holding company. It has two reportable operating segments; Trading of wheat flour and consumer goods, which is engaged in trading of wheat flour and consumer goods in Singapore and Malaysia; and Others which is involved in trading and holding of quoted and unquoted shares in Singapore and Malaysia. The company generates maximum revenue from the Trading of wheat flour and consumer goods segment. Geographically, it derives a majority of its revenue from Malaysia and the rest from Singapore.
68GF Score

Get the complete analysis for SGX:K03

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

S$0.85
Price
S$1.03
GF Value