Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
73 GF Score
Price ¥9.60
GF Value ¥7.06
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shanghai Golden Union Commercial Management (Group) Co Scaled Net Operating Assets?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 +9.97% 73 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates SHSE:603682 with a GF Score™ of 73/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). 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 Golden Union Commercial Management (Group) Co's operating assets for the quarter that ended in Mar. 2026 was ¥4,228.0 Mil. Shanghai Golden Union Commercial Management (Group) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥406.0 Mil. Shanghai Golden Union Commercial Management (Group) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥4,551.4 Mil. Therefore, Shanghai Golden Union Commercial Management (Group) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.


Shanghai Golden Union Commercial Management (Group) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (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.

Shanghai Golden Union Commercial Management (Group) Co Scaled Net Operating Assets Chart

Shanghai Golden Union Commercial Management (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 1.08 0.80 0.88 0.81 0.71

Shanghai Golden Union Commercial Management (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 0.82 0.81 0.85 0.81 0.84

SHSE:603682 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (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.


Shanghai Golden Union Commercial Management (Group) Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's Scaled Net Operating Assets falls into.


SHSE:603682
73GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Golden Union Commercial Management (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.

Shanghai Golden Union Commercial Management (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 )
=(4333.419-428.135)/5490.734
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4551.446 - 218.027
=4333.419

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3827.944 - 3045.413 - 354.396
=428.135

Shanghai Golden Union Commercial Management (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 )
=(4227.958-406.003)/4551.446
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4343.361 - 115.403
=4227.958

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3715.99 - 2972.863 - 337.124
=406.003

* 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 0.84 mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a Scaled Net Operating Assets of 0.84 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 Golden Union Commercial Management (Group) Co and its competitors.
Is Shanghai Golden Union Commercial Management (Group) Co's Scaled Net Operating Assets too high?
Shanghai Golden Union Commercial Management (Group) Co's current Scaled Net Operating Assets is 0.84. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Shanghai Golden Union Commercial Management (Group) Co's Scaled Net Operating Assets of 0.84 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 Golden Union Commercial Management (Group) Co and its competitors. Shanghai Golden Union Commercial Management (Group) Co's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥9.60 — trading 36% above its estimated fair value. The current Scaled Net Operating Assets is 0.84. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 73/100 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 Golden Union Commercial Management (Group) Co (SHSE:603682), the current Scaled Net Operating Assets is 0.84 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 Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥9.60 is trading 36% above its estimated GF Value™ of ¥7.06. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: ¥7.06 vs. price of ¥9.60 (36% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
73GF Score

Get the complete analysis for SHSE:603682

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

¥9.60
Price
¥7.06
GF Value