Gelex Group JSC (STC:GEX) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


STC:GEX Gelex Group JSC STC:GEX
73 GF Score
Price ₫30,150.00
GF Value ₫20,881.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Gelex Group JSC Scaled Net Operating Assets?

Gelex Group JSC STC:GEX +0.67% 73 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates STC:GEX with a GF Score™ of 73/100 and a GF Value™ of ₫20,881.16 (Significantly Overvalued). The stock has 5 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.

Gelex Group JSC's operating assets for the quarter that ended in Mar. 2026 was ₫69,892,865 Mil. Gelex Group JSC's operating liabilities for the quarter that ended in Mar. 2026 was ₫17,580,263 Mil. Gelex Group JSC's Total Assets for the quarter that ended in Dec. 2025 was ₫73,592,591 Mil. Therefore, Gelex Group JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Gelex Group JSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Gelex Group JSC'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.

Gelex Group JSC Scaled Net Operating Assets Chart

Gelex Group JSC 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 1.27 0.55 0.68 0.56 0.75

Gelex Group JSC 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 0.63 0.61 0.63 0.62 0.71

STC:GEX vs VRT, BE, NVT: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, Gelex Group JSC'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.


Gelex Group JSC Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gelex Group JSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gelex Group JSC's Scaled Net Operating Assets falls into.


STC:GEX
73GF Score
Gelex Group JSC STC:GEX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gelex Group JSC 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.

Gelex Group JSC'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 )
=(54965854.67-14582224.836)/53782318.219
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=73592590.904 - 18626736.234
=54965854.67

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43418985.73 - 16668389.83 - 12168371.064
=14582224.836

Gelex Group JSC'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 )
=(69892865.382-17580263.237)/73592590.904
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87015108.842 - 17122243.46
=69892865.382

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53077972.739 - 21594016.06 - 13903693.442
=17580263.237

* 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 0.71 mean?
Gelex Group JSC (STC:GEX) has a Scaled Net Operating Assets of 0.71 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 Gelex Group JSC and its competitors.
Is Gelex Group JSC's Scaled Net Operating Assets too high?
Gelex Group JSC's current Scaled Net Operating Assets is 0.71. Overall, Gelex Group JSC has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gelex Group JSC's Scaled Net Operating Assets compare to VRT and BE?
Gelex Group JSC's Scaled Net Operating Assets of 0.71 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Gelex Group JSC and its competitors. Gelex Group JSC's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gelex Group JSC stock overvalued right now?
Based on GuruFocus' analysis, Gelex Group JSC (STC:GEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫20,881.16, compared to a current price of ₫30,150.00 — trading 44.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Gelex Group JSC's overall GF Score™ is 73/100 with 5 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 Gelex Group JSC (STC:GEX), the current Scaled Net Operating Assets is 0.71 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 Gelex Group JSC (STC:GEX) Overvalued in 2026?

Based on GuruFocus' analysis, Gelex Group JSC stock appears to be overvalued. The current stock price of ₫30,150.00 is trading 44.4% above its estimated GF Value™ of ₫20,881.16. GuruFocus considers Gelex Group JSC to be Significantly Overvalued.

Key valuation signals for STC:GEX:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: ₫20,881.16 vs. price of ₫30,150.00 (44.4% above fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Gelex Group JSC Business Description

Address No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi, VNM
Gelex Group JSC operates in the industrial production and infrastructure industry. The Industrial production of the company is engaged in manufacturing and supplying of electrical equipment like electric cables, transformers, electric motors and, other electrical equipment; and the Infrastructure consists of production and trade in construction materials, real estate and construction business; production, transmission and distribution of electricity including hydropower, solar power and wind power; exploitation, treatment and supply of clean water; hotel, tourism and office leasing services, houses, and other factories.
73GF Score

Get the complete analysis for STC:GEX

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

₫30,150.00
Price
₫20,881.16
GF Value