SWPFF (Swire Properties) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


SWPFF Swire Properties Ltd SWPFF
64 GF Score
Price $2.60
GF Value $2.47
Valuation Fairly Valued
! 5 Warning Signs
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What is Swire Properties Scaled Net Operating Assets?

Swire Properties SWPFF -2.99% 64 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates SWPFF with a GF Score™ of 64/100 and a GF Value™ of $2.47 (Fairly Valued). 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.

Swire Properties's operating assets for the quarter that ended in Dec. 2025 was $44,128 Mil. Swire Properties's operating liabilities for the quarter that ended in Dec. 2025 was $4,173 Mil. Swire Properties's Total Assets for the quarter that ended in Jun. 2025 was $45,584 Mil. Therefore, Swire Properties's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


Swire Properties Scaled Net Operating Assets Historical Data

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The historical data trend for Swire Properties'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.

Swire Properties Scaled Net Operating Assets Chart

Swire Properties 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 0.92 0.96 0.91 0.87

Swire Properties Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.94 0.91 0.92 0.88 0.88

SWPFF vs CBRE, BEKE, CSGP: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Swire Properties'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.


Swire Properties Scaled Net Operating Assets vs Real Estate Industry

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

* The bar in red indicates where Swire Properties's Scaled Net Operating Assets falls into.


SWPFF
64GF Score
Swire Properties Ltd SWPFF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Swire Properties 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.

Swire Properties'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 )
=(44127.725-4172.707)/45723.364
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45436.459 - 1308.734
=44127.725

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10563.181 - 5177.36 - 1213.114
=4172.707

Swire Properties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(44127.725-4172.707)/45584.053
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45436.459 - 1308.734
=44127.725

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10563.181 - 5177.36 - 1213.114
=4172.707

* 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 0.88 mean?
Swire Properties (SWPFF) has a Scaled Net Operating Assets of 0.88 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Swire Properties and its competitors.
Is Swire Properties' Scaled Net Operating Assets too high?
Swire Properties' current Scaled Net Operating Assets is 0.88. Overall, Swire Properties has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' Scaled Net Operating Assets compare to CBRE and BEKE?
Swire Properties' Scaled Net Operating Assets of 0.88 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 Swire Properties and its competitors. Swire Properties's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (SWPFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.47, compared to a current price of $2.60 — trading 5.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. Swire Properties' overall GF Score™ is 64/100 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 Swire Properties (SWPFF), the current Scaled Net Operating Assets is 0.88 as of Dec. 2025. 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 Swire Properties (SWPFF) Overvalued in 2026?

Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued. The current stock price of $2.60 is trading 5.3% above its estimated GF Value™ of $2.47. GuruFocus considers Swire Properties to be Fairly Valued.

Key valuation signals for SWPFF:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: $2.47 vs. price of $2.60 (5.3% above fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Swire Properties Business Description

Other Exchanges 01972:Hong KongSW9:Germany
Address 88 Queensway, 31st Floor, One Pacific Place, Hong Kong, HKG
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
64GF 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.

$2.60
Price
$2.47
GF Value