Khai Hoan Land Real Estate JSC (STC:KHG) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


STC:KHG Khai Hoan Land Real Estate JSC STC:KHG
61 GF Score
Price ₫4,920.00
GF Value ₫9,971.22
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Khai Hoan Land Real Estate JSC Scaled Net Operating Assets?

Khai Hoan Land Real Estate JSC STC:KHG 61 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates STC:KHG with a GF Score™ of 61/100 and a GF Value™ of ₫9,971.22 (Possible Value Trap). The stock has 6 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.

Khai Hoan Land Real Estate JSC's operating assets for the quarter that ended in Mar. 2026 was ₫7,180,986 Mil. Khai Hoan Land Real Estate JSC's operating liabilities for the quarter that ended in Mar. 2026 was ₫439,081 Mil. Khai Hoan Land Real Estate JSC's Total Assets for the quarter that ended in Dec. 2025 was ₫6,994,484 Mil. Therefore, Khai Hoan Land Real Estate JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.


Khai Hoan Land Real Estate JSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Khai Hoan Land Real Estate 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.

Khai Hoan Land Real Estate JSC Scaled Net Operating Assets Chart

Khai Hoan Land Real Estate JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 2.02 0.93 0.87 0.96 0.99

Khai Hoan Land Real Estate 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 0.93 0.95 0.94 0.94 0.96

Khai Hoan Land Real Estate JSC Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Khai Hoan Land Real Estate 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.


Khai Hoan Land Real Estate JSC Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Khai Hoan Land Real Estate JSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Khai Hoan Land Real Estate JSC's Scaled Net Operating Assets falls into.


STC:KHG
61GF Score
Khai Hoan Land Real Estate JSC STC:KHG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khai Hoan Land Real Estate 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.

Khai Hoan Land Real Estate 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 )
=(6879531.315-380990.634)/6592547.443
=0.99

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6994483.774 - 114952.459
=6879531.315

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1704852.059 - 795600 - 528261.425
=380990.634

Khai Hoan Land Real Estate 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 )
=(7180985.912-439081.445)/6994483.774
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7268234.03 - 87248.118
=7180985.912

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1965323.445 - 990440 - 535802
=439081.445

* 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 0.96 mean?
Khai Hoan Land Real Estate JSC (STC:KHG) has a Scaled Net Operating Assets of 0.96 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 Khai Hoan Land Real Estate JSC and its competitors.
Is Khai Hoan Land Real Estate JSC's Scaled Net Operating Assets too high?
Khai Hoan Land Real Estate JSC's current Scaled Net Operating Assets is 0.96. Overall, Khai Hoan Land Real Estate JSC has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khai Hoan Land Real Estate JSC's Scaled Net Operating Assets compare to competitors?
Khai Hoan Land Real Estate JSC's Scaled Net Operating Assets of 0.96 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 Khai Hoan Land Real Estate JSC and its competitors. Khai Hoan Land Real Estate JSC's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khai Hoan Land Real Estate JSC stock overvalued right now?
Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC (STC:KHG) is currently considered Possible Value Trap. The stock's GF Value™ is ₫9,971.22, compared to a current price of ₫4,920.00 — trading 50.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Khai Hoan Land Real Estate JSC's overall GF Score™ is 61/100 with 6 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 Khai Hoan Land Real Estate JSC (STC:KHG), the current Scaled Net Operating Assets is 0.96 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 Khai Hoan Land Real Estate JSC (STC:KHG) Overvalued in 2026?

Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC stock appears to be undervalued. The current stock price of ₫4,920.00 is trading 50.7% below its estimated GF Value™ of ₫9,971.22. GuruFocus considers Khai Hoan Land Real Estate JSC to be Possible Value Trap.

Key valuation signals for STC:KHG:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: ₫9,971.22 vs. price of ₫4,920.00 (50.7% below fair value)
  • GF Score™: 61/100 with 6 warning signs

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


Khai Hoan Land Real Estate JSC Business Description

Address 5-7-9-11 Hung Gia 4 Street, Phu My Hung Urban Area, Tan Hung ward, Ho Chi Minh City, VNM
Khai Hoan Land Real Estate JSC operates as a real estate developer and a broker. The companies business includes real estate consulting, brokerage services, auction of real estate, auction of land use rights; housing construction; site preparation; hotel service with threestart above quality standard (not operating at the head office); organization of introduction and trade promotion; construction of other civil engineering works; restaurants and catering services; trading real estate, land use rights of owners, leased or leased by the owners; retailing other goods in specialized stores; civil design activities; landscape maintenance services; wholesale of other household appliances; career education; other recreational activities.
61GF Score

Get the complete analysis for STC:KHG

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

₫4,920.00
Price
₫9,971.22
GF Value