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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Meituan's operating assets for the quarter that ended in Mar. 2026 was лв46,480 Mil. Meituan's operating liabilities for the quarter that ended in Mar. 2026 was лв25,967 Mil. Meituan's Total Assets for the quarter that ended in Dec. 2025 was лв84,595 Mil. Therefore, Meituan's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.
Meituan Scaled Net Operating Assets Historical Data
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The historical data trend for Meituan'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.
XBUL:9MD vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison
For the Internet Retail subindustry, Meituan'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.
Meituan Scaled Net Operating Assets vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Meituan's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Meituan's Scaled Net Operating Assets falls into.
* 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 0.24 mean?
Meituan (XBUL:9MD) has a Scaled Net Operating Assets of 0.24 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 Meituan and its competitors.
Is Meituan's Scaled Net Operating Assets too high?
Meituan's current Scaled Net Operating Assets is 0.24. Overall, Meituan has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Meituan's Scaled Net Operating Assets compare to AMZN and BABA?
Meituan's Scaled Net Operating Assets of 0.24 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Meituan and its competitors. Meituan's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meituan stock overvalued right now?
Meituan (XBUL:9MD) has a current Scaled Net Operating Assets of 0.24. The stock's GF Value™ is лв24.90, compared to a current price of лв13.64 — trading 45.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.24. Meituan's overall GF Score™ is 80/100 with 3 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 Meituan (XBUL:9MD), the current Scaled Net Operating Assets is 0.24 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 Meituan (XBUL:9MD) Overvalued in 2026?
Based on GuruFocus' analysis, Meituan stock appears to be undervalued.
The current stock price of лв13.64 is trading 45.2% below its estimated GF Value™ of лв24.90.
Key valuation signals for XBUL:9MD:
Scaled Net Operating Assets: 0.24
GF Value™: лв24.90 vs. price of лв13.64 (45.2% below fair value)
No single metric tells the full story. See the XBUL:9MD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Despite intense competition, Meituan remains the largest food delivery platform in China as of April 2026, according to our estimates. In 2025, the firm generated 72% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
80GF 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.
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