Soon Hock Enterprise Holding (SGX:SHE) Scaled Net Operating Assets: 0.43 (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.

SGX:SHE Soon Hock Enterprise Holding Ltd SGX:SHE
5 GF Score
Price S$0.58
! 4 Warning Signs
View Full Analysis

What is Soon Hock Enterprise Holding Scaled Net Operating Assets?

Soon Hock Enterprise Holding SGX:SHE 5 Scaled Net Operating Assets is 0.43 as of Dec. 2025. GuruFocus rates SGX:SHE with a GF Score™ of 5/100. 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.

Soon Hock Enterprise Holding's operating assets for the quarter that ended in Dec. 2025 was S$555.78 Mil. Soon Hock Enterprise Holding's operating liabilities for the quarter that ended in Dec. 2025 was S$344.78 Mil. Soon Hock Enterprise Holding's Total Assets for the quarter that ended in Mar. 2025 was S$487.00 Mil. Therefore, Soon Hock Enterprise Holding's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.43.


Soon Hock Enterprise Holding Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Soon Hock Enterprise Holding'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.

Soon Hock Enterprise Holding Scaled Net Operating Assets Chart

Soon Hock Enterprise Holding Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.51 1.07 1.16 0.58

Soon Hock Enterprise Holding Quarterly Data
Dec22 Dec23 Mar24 Dec24 Mar25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 1.07 0.00 0.00 1.12 0.43

Soon Hock Enterprise Holding Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Diversified subindustry, Soon Hock Enterprise Holding'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.


Soon Hock Enterprise Holding Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Soon Hock Enterprise Holding's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Soon Hock Enterprise Holding's Scaled Net Operating Assets falls into.


SGX:SHE
5GF Score
Soon Hock Enterprise Holding Ltd SGX:SHE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Soon Hock Enterprise Holding 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.

Soon Hock Enterprise Holding'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 )
=(555.78-344.779)/361.009
=0.58

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=715.797 - 160.017
=555.78

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=558.972 - 191.097 - 23.096
=344.779

Soon Hock Enterprise Holding'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: Mar. 2025 )
=(555.78-344.779)/487.001
=0.43

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=715.797 - 160.017
=555.78

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=558.972 - 191.097 - 23.096
=344.779

* 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 0.43 mean?
Soon Hock Enterprise Holding (SGX:SHE) has a Scaled Net Operating Assets of 0.43 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 Soon Hock Enterprise Holding and its competitors.
Is Soon Hock Enterprise Holding's Scaled Net Operating Assets too high?
Soon Hock Enterprise Holding's current Scaled Net Operating Assets is 0.43. Overall, Soon Hock Enterprise Holding has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Soon Hock Enterprise Holding's Scaled Net Operating Assets compare to competitors?
Soon Hock Enterprise Holding's Scaled Net Operating Assets of 0.43 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 Soon Hock Enterprise Holding and its competitors. Soon Hock Enterprise Holding's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soon Hock Enterprise Holding stock overvalued right now?
Soon Hock Enterprise Holding (SGX:SHE) has a current Scaled Net Operating Assets of 0.43. The current Scaled Net Operating Assets is 0.43. Soon Hock Enterprise Holding's overall GF Score™ is 5/100 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 Soon Hock Enterprise Holding (SGX:SHE), the current Scaled Net Operating Assets is 0.43 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.

Soon Hock Enterprise Holding Business Description

Address 2F Jalan Papan, 05-01, Singapore, SGP, 619816
Soon Hock Enterprise Holding Ltd is a Singapore-based industrial property developer specializing in the development and sale of strata-titled industrial properties. The company has launched various units and owns several investment properties that generate recurring rental income. It has two reportable segments, Property development and Property investment. The company's revenue is predominantly derived from property development sales and rental income. The company focuses on tailored industrial spaces for logistics and transport sectors and is exploring opportunities in residential property development and asset enhancement.
5GF Score

Get the complete analysis for SGX:SHE

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

S$0.58
Price