Maanshan Iron And Steel Co (SHSE:600808) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)

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SHSE:600808 Maanshan Iron And Steel Co Ltd SHSE:600808
66 GF Score
Price ¥2.49
GF Value ¥3.33
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Maanshan Iron And Steel Co Scaled Net Operating Assets?

Maanshan Iron And Steel Co SHSE:600808 -0.80% 66 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates SHSE:600808 with a GF Score™ of 66/100 and a GF Value™ of ¥3.33 (Modestly Undervalued). 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.

Maanshan Iron And Steel Co's operating assets for the quarter that ended in Mar. 2026 was ¥69,373 Mil. Maanshan Iron And Steel Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥29,477 Mil. Maanshan Iron And Steel Co's Total Assets for the quarter that ended in Dec. 2025 was ¥81,747 Mil. Therefore, Maanshan Iron And Steel Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.


Maanshan Iron And Steel Co Scaled Net Operating Assets Historical Data

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The historical data trend for Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co Scaled Net Operating Assets Chart

Maanshan Iron And Steel 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 0.52 0.51 0.49 0.50 0.52

Maanshan Iron And Steel 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 0.55 0.59 0.54 0.49 0.49

SHSE:600808 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Maanshan Iron And Steel 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.


Maanshan Iron And Steel Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Scaled Net Operating Assets falls into.


SHSE:600808
66GF Score
Maanshan Iron And Steel Co Ltd SHSE:600808
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maanshan Iron And Steel 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.

Maanshan Iron And Steel 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 )
=(69976.995-28991.236)/78962.974
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=81746.797 - 11769.802
=69976.995

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45508.564 - 3385.755 - 13131.573
=28991.236

Maanshan Iron And Steel 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 )
=(69373.071-29477.44)/81746.797
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=81520.473 - 12147.402
=69373.071

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45187.994 - 1872.719 - 13837.835
=29477.44

* 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 0.49 mean?
Maanshan Iron And Steel Co (SHSE:600808) has a Scaled Net Operating Assets of 0.49 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 Maanshan Iron And Steel Co and its competitors.
Is Maanshan Iron And Steel Co's Scaled Net Operating Assets too high?
Maanshan Iron And Steel Co's current Scaled Net Operating Assets is 0.49. Overall, Maanshan Iron And Steel Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maanshan Iron And Steel Co's Scaled Net Operating Assets compare to NUE and STLD?
Maanshan Iron And Steel Co's Scaled Net Operating Assets of 0.49 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Maanshan Iron And Steel Co and its competitors. Maanshan Iron And Steel Co's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maanshan Iron And Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Maanshan Iron And Steel Co (SHSE:600808) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.33, compared to a current price of ¥2.49 — trading 25.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.49. Maanshan Iron And Steel Co's overall GF Score™ is 66/100 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 Maanshan Iron And Steel Co (SHSE:600808), the current Scaled Net Operating Assets is 0.49 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 Maanshan Iron And Steel Co (SHSE:600808) Overvalued in 2026?

Based on GuruFocus' analysis, Maanshan Iron And Steel Co stock appears to be undervalued. The current stock price of ¥2.49 is trading 25.2% below its estimated GF Value™ of ¥3.33. GuruFocus considers Maanshan Iron And Steel Co to be Modestly Undervalued.

Key valuation signals for SHSE:600808:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: ¥3.33 vs. price of ¥2.49 (25.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600808 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maanshan Iron And Steel Co Business Description

Address No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. Its main production processes include iron making, steel making, steel rolling, etc. The Group's key product is steel, which includes four product series of special steel, wheels and axles, long products, and plates. It offers casting round billet, special steel bar, train wheels, axles, wheelsets, section steel, wire rods, hot-rolled plate and cold-rolled plate coils, galvanized plates, color-coated plates, and other products, which are widely used in aviation, railway, ocean, automobile, household appliance, shipbuilding, construction, machinery manufacturing, and other fields. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other overseas markets.
66GF Score

Get the complete analysis for SHSE:600808

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

¥2.49
Price
¥3.33
GF Value