NSL (SGX:N02) Scaled Net Operating Assets: N/A (As of Dec. 2025)

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SGX:N02 NSL Ltd SGX:N02
52 GF Score
Price S$0.88
GF Value S$0.77
Valuation Modestly Overvalued
! 5 Warning Signs
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What is NSL Scaled Net Operating Assets?

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

NSL's operating assets for the quarter that ended in Dec. 2025 was S$312.2 Mil. NSL's operating liabilities for the quarter that ended in Dec. 2025 was S$126.2 Mil. NSL's Total Assets for the quarter that ended in Jun. 2025 was S$0.0 Mil. Therefore, NSL's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was N/A.


NSL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NSL'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.

NSL Scaled Net Operating Assets Chart

NSL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.38 0.29 0.48 0.00

NSL 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 0.31 0.45 0.49 0.00 0.00

SGX:N02 vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, NSL'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.


NSL Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, NSL's Scaled Net Operating Assets distribution charts can be found below:

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


SGX:N02
52GF Score
NSL Ltd SGX:N02
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NSL 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.

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

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Dec. 2024 )
=(0-0)/417.513
=0.00

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0 - 0
=0

NSL'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 )
=(312.172-126.161)/0
=N/A

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=439.972 - 127.8
=312.172

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=139.873 - 8.898 - 4.814
=126.161

* 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.

Is NSL (SGX:N02) Overvalued in 2026?

Based on GuruFocus' analysis, NSL stock appears to be overvalued. The current stock price of S$0.88 is trading 14.3% above its estimated GF Value™ of S$0.77. GuruFocus considers NSL to be Modestly Overvalued.

Key valuation signals for SGX:N02:

  • Scaled Net Operating Assets: N/A
  • GF Value™: S$0.77 vs. price of S$0.88 (14.3% above fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the SGX:N02 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NSL Business Description

Address 317 Outram Road, No. 03-02, Singapore, SGP, 169075
NSL Ltd is an investment holding company. It is engaged in the manufacturing and sale of building materials, recycled oil and other petroleum-related products, refractory materials, road stones, and the provision of environmental services and the sale of related products. The company's business operations are grouped into three main divisions: Precast and Prefabricated Bathroom Unit; Provision of Environmental Services and Chemicals. The precast and prefabricated bathroom unit segment generates more revenue than other segments. Business operations of the company are conducted in Singapore, Malaysia, China, the UAE, Finland, Germany, and other countries.
52GF Score

Get the complete analysis for SGX:N02

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

S$0.88
Price
S$0.77
GF Value