Assembly Place Holdings (SGX:TAP) Scaled Net Operating Assets: 1.22 (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:TAP Assembly Place Holdings Ltd SGX:TAP
12 GF Score
Price S$0.22
! 3 Warning Signs
View Full Analysis

What is Assembly Place Holdings Scaled Net Operating Assets?

Assembly Place Holdings SGX:TAP 12 Scaled Net Operating Assets is 1.22 as of Dec. 2025. GuruFocus rates SGX:TAP with a GF Score™ of 12/100. The stock has 3 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.

Assembly Place Holdings's operating assets for the quarter that ended in Dec. 2025 was S$94.93 Mil. Assembly Place Holdings's operating liabilities for the quarter that ended in Dec. 2025 was S$9.76 Mil. Assembly Place Holdings's Total Assets for the quarter that ended in Jun. 2025 was S$69.57 Mil. Therefore, Assembly Place Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.22.


Assembly Place Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Assembly Place Holdings'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.

Assembly Place Holdings Scaled Net Operating Assets Chart

Assembly Place Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.80 1.22 1.27 1.51

Assembly Place Holdings Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 1.22 0.00 0.00 1.11 1.22

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

For the Real Estate Services subindustry, Assembly Place Holdings'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.


Assembly Place Holdings Scaled Net Operating Assets vs Real Estate Industry

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

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


SGX:TAP
12GF Score
Assembly Place Holdings Ltd SGX:TAP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Assembly Place Holdings 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.

Assembly Place Holdings'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 )
=(94.933-9.763)/56.43
=1.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=96.877 - 1.944
=94.933

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=69.93 - 47.213 - 12.954
=9.763

Assembly Place Holdings'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 )
=(94.933-9.763)/69.572
=1.22

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=96.877 - 1.944
=94.933

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=69.93 - 47.213 - 12.954
=9.763

* 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 1.22 mean?
Assembly Place Holdings (SGX:TAP) has a Scaled Net Operating Assets of 1.22 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 Assembly Place Holdings and its competitors.
Is Assembly Place Holdings' Scaled Net Operating Assets too high?
Assembly Place Holdings' current Scaled Net Operating Assets is 1.22. Overall, Assembly Place Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Assembly Place Holdings' Scaled Net Operating Assets compare to CBRE and BEKE?
Assembly Place Holdings' Scaled Net Operating Assets of 1.22 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 Assembly Place Holdings and its competitors. Assembly Place Holdings's current Scaled Net Operating Assets is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assembly Place Holdings stock overvalued right now?
Assembly Place Holdings (SGX:TAP) has a current Scaled Net Operating Assets of 1.22. The current Scaled Net Operating Assets is 1.22. Assembly Place Holdings' overall GF Score™ is 12/100 with 3 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 Assembly Place Holdings (SGX:TAP), the current Scaled Net Operating Assets is 1.22 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.

Assembly Place Holdings Business Description

Address 51 Middle Road, No. 06-01 FM Building, Singapore, SGP, 188959
Assembly Place Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of community-driven living accommodation and property management services. Its business comprises three key segments: Community-driven stays - operates and manages residential and other types of property assets to offer its members community-driven living solutions; Other Property-related Services offer value-added services such as referral services and project management services to property asset owners; and Investments - acquires minority ownership interests in companies that own property assets. It generates the majority of its revenue from the community-driven stays segment. Geographically, it operates only in Singapore.
12GF Score

Get the complete analysis for SGX:TAP

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

S$0.22
Price