Shanghai Lingang Holdings (SHSE:600848) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


SHSE:600848 Shanghai Lingang Holdings Corp Ltd SHSE:600848
60 GF Score
Price ¥7.59
GF Value ¥10.41
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Shanghai Lingang Holdings Scaled Net Operating Assets?

Shanghai Lingang Holdings SHSE:600848 -1.56% 60 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates SHSE:600848 with a GF Score™ of 60/100 and a GF Value™ of ¥10.41 (Modestly Undervalued). The stock has 9 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.

Shanghai Lingang Holdings's operating assets for the quarter that ended in Mar. 2026 was ¥80,146 Mil. Shanghai Lingang Holdings's operating liabilities for the quarter that ended in Mar. 2026 was ¥23,646 Mil. Shanghai Lingang Holdings's Total Assets for the quarter that ended in Dec. 2025 was ¥87,628 Mil. Therefore, Shanghai Lingang Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.


Shanghai Lingang Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanghai Lingang 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.

Shanghai Lingang Holdings Scaled Net Operating Assets Chart

Shanghai Lingang Holdings 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 0.90 0.60 0.65 0.63 0.63

Shanghai Lingang Holdings 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 0.62 0.63 0.64 0.63 0.65

SHSE:600848 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Shanghai Lingang 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.


Shanghai Lingang Holdings Scaled Net Operating Assets vs Real Estate Industry

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

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


SHSE:600848
60GF Score
Shanghai Lingang Holdings Corp Ltd SHSE:600848
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Lingang 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.

Shanghai Lingang 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 )
=(79880.064-25806.492)/85853.241
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87628.282 - 7748.218
=79880.064

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58673.802 - 26747.801 - 6119.509
=25806.492

Shanghai Lingang Holdings'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 )
=(80146.424-23645.515)/87628.282
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=86750.708 - 6604.284
=80146.424

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57662.499 - 28224.68 - 5792.304
=23645.515

* 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 0.64 mean?
Shanghai Lingang Holdings (SHSE:600848) has a Scaled Net Operating Assets of 0.64 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 Shanghai Lingang Holdings and its competitors.
Is Shanghai Lingang Holdings' Scaled Net Operating Assets too high?
Shanghai Lingang Holdings' current Scaled Net Operating Assets is 0.64. Overall, Shanghai Lingang Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Lingang Holdings' Scaled Net Operating Assets compare to CBRE and BEKE?
Shanghai Lingang Holdings' Scaled Net Operating Assets of 0.64 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 Shanghai Lingang Holdings and its competitors. Shanghai Lingang Holdings's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Lingang Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Lingang Holdings (SHSE:600848) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.41, compared to a current price of ¥7.59 — trading 27.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Shanghai Lingang Holdings' overall GF Score™ is 60/100 with 9 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 Shanghai Lingang Holdings (SHSE:600848), the current Scaled Net Operating Assets is 0.64 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 Shanghai Lingang Holdings (SHSE:600848) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Lingang Holdings stock appears to be undervalued. The current stock price of ¥7.59 is trading 27.1% below its estimated GF Value™ of ¥10.41. GuruFocus considers Shanghai Lingang Holdings to be Modestly Undervalued.

Key valuation signals for SHSE:600848:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: ¥10.41 vs. price of ¥7.59 (27.1% below fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Lingang Holdings Business Description

Other Exchanges 900928:China
Address No. 1515 Haigang Avenue, 9th Floor, T2 Building, Chuangjing Technology Center, Pudong New Area, Shanghai, CHN, 201306
Shanghai Lingang Holdings Corp Ltd is a real estate company. It provides operations and production services for industrial carriers, park development, and other integrated park services. The types of industrial carriers developed include R&D buildings, headquarters commercial buildings, and bonded logistics warehouses.
60GF Score

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

¥7.59
Price
¥10.41
GF Value