ES Ceramics Technology Bhd (XKLS:0100) Scaled Net Operating Assets: 0.45 (As of Feb. 2026)


XKLS:0100 ES Ceramics Technology Bhd XKLS:0100
62 GF Score
Price RM0.12
GF Value RM0.19
Valuation Significantly Undervalued
! 4 Warning Signs
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What is ES Ceramics Technology Bhd Scaled Net Operating Assets?

ES Ceramics Technology Bhd XKLS:0100 62 Scaled Net Operating Assets is 0.45 as of Feb. 2026. GuruFocus rates XKLS:0100 with a GF Score™ of 62/100 and a GF Value™ of RM0.19 (Significantly Undervalued). 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.

ES Ceramics Technology Bhd's operating assets for the quarter that ended in Feb. 2026 was RM261.5 Mil. ES Ceramics Technology Bhd's operating liabilities for the quarter that ended in Feb. 2026 was RM112.8 Mil. ES Ceramics Technology Bhd's Total Assets for the quarter that ended in Nov. 2025 was RM328.4 Mil. Therefore, ES Ceramics Technology Bhd's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.45.


ES Ceramics Technology Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for ES Ceramics Technology 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.

ES Ceramics Technology Bhd Scaled Net Operating Assets Chart

ES Ceramics Technology Bhd Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.53 0.91 0.44 0.48

ES Ceramics Technology 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 0.44 0.47 0.44 0.44 0.45

XKLS:0100 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, ES Ceramics Technology 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.


ES Ceramics Technology Bhd Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, ES Ceramics Technology Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ES Ceramics Technology Bhd's Scaled Net Operating Assets falls into.


XKLS:0100
62GF Score
ES Ceramics Technology Bhd XKLS:0100
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ES Ceramics Technology 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.

ES Ceramics Technology Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(265.754-110.72)/321.886
=0.48

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=342.461 - 76.707
=265.754

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=145.431 - 28.42 - 6.291
=110.72

ES Ceramics Technology 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 )
=(261.525-112.766)/328.438
=0.45

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=353.494 - 91.969
=261.525

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=145.506 - 25.556 - 7.184
=112.766

* 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 0.45 mean?
ES Ceramics Technology Bhd (XKLS:0100) has a Scaled Net Operating Assets of 0.45 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 ES Ceramics Technology Bhd and its competitors.
Is ES Ceramics Technology Bhd's Scaled Net Operating Assets too high?
ES Ceramics Technology Bhd's current Scaled Net Operating Assets is 0.45. Overall, ES Ceramics Technology Bhd has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES Ceramics Technology Bhd's Scaled Net Operating Assets compare to LIN and SHW?
ES Ceramics Technology Bhd's Scaled Net Operating Assets of 0.45 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 ES Ceramics Technology Bhd and its competitors. ES Ceramics Technology Bhd's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES Ceramics Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd (XKLS:0100) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.12 — trading 36.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. ES Ceramics Technology Bhd's overall GF Score™ is 62/100 with 4 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 ES Ceramics Technology Bhd (XKLS:0100), the current Scaled Net Operating Assets is 0.45 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.

Is ES Ceramics Technology Bhd (XKLS:0100) Overvalued in 2026?

Based on GuruFocus' analysis, ES Ceramics Technology Bhd stock appears to be undervalued. The current stock price of RM0.12 is trading 36.8% below its estimated GF Value™ of RM0.19. GuruFocus considers ES Ceramics Technology Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0100:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: RM0.19 vs. price of RM0.12 (36.8% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the XKLS:0100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ES Ceramics Technology Bhd Business Description

Address Lot 207429, Jalan Seramik Chepor 11/5, Kawasan Perusahaan Seramik Chepor, Chemor, PRK, MYS, 31200
ES Ceramics Technology Bhd is an investment holding company. Through its holding, the company manufactures and distributes ceramic hand formers. Its product offerings include examination formers, surgical formers, household formers, and breathing bags and balloons. The formers are for continuous industrial use under heavy-duty conditions, to withstand the complex processes involving heat and chemicals to produce gloves. Geographically, it derives a majority of its revenue from Malaysia. Its segments include Investing, Glove equipment, and Construction, of which the Construction segment derives the maximum revenue. The Construction segment is engaged in the manufacturing and supply of chemical products and construction materials, including readymix concrete.
62GF 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.

RM0.12
Price
RM0.19
GF Value