NetX Holdings Bhd (XKLS:0020) Scaled Net Operating Assets: 0.34 (As of Feb. 2026)


What is NetX Holdings Bhd Scaled Net Operating Assets?

NetX Holdings Bhd XKLS:0020 -16.67% Scaled Net Operating Assets is 0.34 as of Feb. 2026. The stock has 4 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.

NetX Holdings Bhd's operating assets for the quarter that ended in Feb. 2026 was RM55.51 Mil. NetX Holdings Bhd's operating liabilities for the quarter that ended in Feb. 2026 was RM20.62 Mil. NetX Holdings Bhd's Total Assets for the quarter that ended in Nov. 2025 was RM102.40 Mil. Therefore, NetX Holdings Bhd's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.34.


NetX Holdings Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for NetX Holdings Bhd'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.

NetX Holdings Bhd Scaled Net Operating Assets Chart

NetX Holdings Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.47 0.46 0.33 0.28

NetX Holdings Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.34 0.35 0.35 0.32 0.34

XKLS:0020 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, NetX Holdings Bhd'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.


NetX Holdings Bhd Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, NetX Holdings Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where NetX Holdings Bhd's Scaled Net Operating Assets falls into.



NetX Holdings Bhd 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.

NetX Holdings Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(54.605-18.866)/130.131
=0.27

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=102.399 - 47.794
=54.605

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.777 - 4.593 - 7.318
=18.866

NetX Holdings Bhd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(55.512-20.622)/102.399
=0.34

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=100.718 - 45.206
=55.512

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.995 - 2.983 - 7.39
=20.622

* 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 0.34 mean?
NetX Holdings Bhd (XKLS:0020) has a Scaled Net Operating Assets of 0.34 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on NetX Holdings Bhd and its competitors.
Is NetX Holdings Bhd's Scaled Net Operating Assets too high?
NetX Holdings Bhd's current Scaled Net Operating Assets is 0.34.
How does NetX Holdings Bhd's Scaled Net Operating Assets compare to IBM and ACN?
NetX Holdings Bhd's Scaled Net Operating Assets of 0.34 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 NetX Holdings Bhd and its competitors. NetX Holdings Bhd's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetX Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, NetX Holdings Bhd (XKLS:0020) is currently considered Fairly Valued. The stock's GF Value™ is RM0.05, compared to a current price of RM0.05 — trading right at its estimated fair value. The current Scaled Net Operating Assets is 0.34. 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 NetX Holdings Bhd (XKLS:0020), the current Scaled Net Operating Assets is 0.34 as of Feb. 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.

NetX Holdings Bhd Business Description

Address Sunsuria Avenue, 1-G, Street Wing, Persiaran Mahogani, Kota Damansara, PJU 5, Petaling Jaya, SGR, MYS, 47810
NetX Holdings Bhd is an investment holding company. The Group operates in five different business segments according to the nature of activities of its subsidiaries, namely Nonpayment & IT Network services, Electronic Payment services, GEM, Money Lending, and Property Investment. The majority of its revenue is from Electronic Payment services: Involved in the provision of payment terminal and payment solutions, money exchange services, and its related software licensing and services. Geographically, operates in Malaysia and Hong Kong.