Bright Real Estate Group Co (SHSE:600708) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)


SHSE:600708 Bright Real Estate Group Co Ltd SHSE:600708
51 GF Score
Price ¥3.15
GF Value ¥2.44
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Bright Real Estate Group Co Scaled Net Operating Assets?

Bright Real Estate Group Co SHSE:600708 -5.97% 51 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates SHSE:600708 with a GF Score™ of 51/100 and a GF Value™ of ¥2.44 (Modestly Overvalued). The stock has 7 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.

Bright Real Estate Group Co's operating assets for the quarter that ended in Mar. 2026 was ¥47,301 Mil. Bright Real Estate Group Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥21,600 Mil. Bright Real Estate Group Co's Total Assets for the quarter that ended in Dec. 2025 was ¥54,369 Mil. Therefore, Bright Real Estate Group Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Bright Real Estate Group Co Scaled Net Operating Assets Historical Data

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The historical data trend for Bright Real Estate Group 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.

Bright Real Estate Group Co Scaled Net Operating Assets Chart

Bright Real Estate Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.48 0.57 0.60 0.43

Bright Real Estate Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.64 0.65 0.66 0.45 0.47

Bright Real Estate Group Co Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Bright Real Estate Group 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.


Bright Real Estate Group Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Bright Real Estate Group Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bright Real Estate Group Co's Scaled Net Operating Assets falls into.


SHSE:600708
51GF Score
Bright Real Estate Group Co Ltd SHSE:600708
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bright Real Estate Group Co 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.

Bright Real Estate Group Co'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 )
=(49085.506-23373.772)/59561.265
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=54368.865 - 5283.359
=49085.506

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47787.745 - 22572.899 - 1841.074
=23373.772

Bright Real Estate Group Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(47300.572-21599.522)/54368.865
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=52440.501 - 5139.929
=47300.572

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=46099.241 - 22312.069 - 2187.65
=21599.522

* 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 0.47 mean?
Bright Real Estate Group Co (SHSE:600708) has a Scaled Net Operating Assets of 0.47 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 Bright Real Estate Group Co and its competitors.
Is Bright Real Estate Group Co's Scaled Net Operating Assets too high?
Bright Real Estate Group Co's current Scaled Net Operating Assets is 0.47. Overall, Bright Real Estate Group Co has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Real Estate Group Co's Scaled Net Operating Assets compare to competitors?
Bright Real Estate Group Co's Scaled Net Operating Assets of 0.47 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 Bright Real Estate Group Co and its competitors. Bright Real Estate Group Co's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Real Estate Group Co stock overvalued right now?
Based on GuruFocus' analysis, Bright Real Estate Group Co (SHSE:600708) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.44, compared to a current price of ¥3.15 — trading 29.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Bright Real Estate Group Co's overall GF Score™ is 51/100 with 7 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 Bright Real Estate Group Co (SHSE:600708), the current Scaled Net Operating Assets is 0.47 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 Bright Real Estate Group Co (SHSE:600708) Overvalued in 2026?

Based on GuruFocus' analysis, Bright Real Estate Group Co stock appears to be overvalued. The current stock price of ¥3.15 is trading 29.1% above its estimated GF Value™ of ¥2.44. GuruFocus considers Bright Real Estate Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600708:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: ¥2.44 vs. price of ¥3.15 (29.1% above fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bright Real Estate Group Co Business Description

Address 199 North Tibet Road, Jing\'an District, Shanghai, CHN, 200070
Bright Real Estate Group Co Ltd is engaged in the development of various types of residential, and commercial office areas. Further it is also involved in the logistic industry chain.
51GF Score

Get the complete analysis for SHSE:600708

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

¥3.15
Price
¥2.44
GF Value