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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Shandong Hi-Speed Co's operating assets for the quarter that ended in Mar. 2026 was ¥159,981 Mil. Shandong Hi-Speed Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥31,971 Mil. Shandong Hi-Speed Co's Total Assets for the quarter that ended in Dec. 2025 was ¥163,167 Mil. Therefore, Shandong Hi-Speed Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.
Shandong Hi-Speed Co Scaled Net Operating Assets Related Terms
Shandong Hi-Speed Co Scaled Net Operating Assets Historical Data
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The historical data trend for Shandong Hi-Speed Co'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.
Shandong Hi-Speed Co Scaled Net Operating Assets Chart
Shandong Hi-Speed Co Scaled Net Operating Assets Competitor Comparison
For the Infrastructure Operations subindustry, Shandong Hi-Speed Co'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.
Shandong Hi-Speed Co Scaled Net Operating Assets vs Construction Industry
For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Shandong Hi-Speed Co's Scaled Net Operating Assets falls into.
* 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 0.78 mean?
Shandong Hi-Speed Co (SHSE:600350) has a Scaled Net Operating Assets of 0.78 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Shandong Hi-Speed Co and its competitors.
Is Shandong Hi-Speed Co's Scaled Net Operating Assets too high?
Shandong Hi-Speed Co's current Scaled Net Operating Assets is 0.78. Overall, Shandong Hi-Speed Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hi-Speed Co's Scaled Net Operating Assets compare to competitors?
Shandong Hi-Speed Co's Scaled Net Operating Assets of 0.78 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Shandong Hi-Speed Co and its competitors. Shandong Hi-Speed Co's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hi-Speed Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hi-Speed Co (SHSE:600350) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.38, compared to a current price of ¥11.27 — trading 34.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.78. Shandong Hi-Speed Co's overall GF Score™ is 77/100 with 12 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 Shandong Hi-Speed Co (SHSE:600350), the current Scaled Net Operating Assets is 0.78 as of Mar. 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 Shandong Hi-Speed Co (SHSE:600350) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Hi-Speed Co stock appears to be overvalued.
The current stock price of ¥11.27 is trading 34.5% above its estimated GF Value™ of ¥8.38.
GuruFocus considers Shandong Hi-Speed Co to be Significantly Overvalued.
Key valuation signals for SHSE:600350:
Scaled Net Operating Assets: 0.78
GF Value™: ¥8.38 vs. price of ¥11.27 (34.5% above fair value)
No single metric tells the full story. See the SHSE:600350 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.
77GF Score
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