AppAsia Bhd (XKLS:0119) Scaled Net Operating Assets: 0.78 (As of Mar. 2026)


XKLS:0119 AppAsia Bhd XKLS:0119
41 GF Score
Price RM0.12
GF Value RM0.10
Valuation Modestly Overvalued
! 4 Warning Signs
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What is AppAsia Bhd Scaled Net Operating Assets?

AppAsia Bhd XKLS:0119 +4.35% 41 Scaled Net Operating Assets is 0.78 as of Mar. 2026. GuruFocus rates XKLS:0119 with a GF Score™ of 41/100 and a GF Value™ of RM0.10 (Modestly Overvalued). 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.

AppAsia Bhd's operating assets for the quarter that ended in Mar. 2026 was RM36.27 Mil. AppAsia Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM2.24 Mil. AppAsia Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM43.40 Mil. Therefore, AppAsia Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.

AppAsia Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for AppAsia 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.

AppAsia Bhd Scaled Net Operating Assets Chart

AppAsia Bhd 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 0.43 0.66 0.62 0.95 0.82

AppAsia Bhd 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 0.73 0.70 0.71 0.74 0.78

XKLS:0119 vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, AppAsia 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.

AppAsia Bhd Scaled Net Operating Assets vs Software Industry

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

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


XKLS:0119
41GF Score
AppAsia Bhd XKLS:0119
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AppAsia 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.

AppAsia Bhd'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 )
=(36.842-2.082)/42.261
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=43.401 - 6.559
=36.842

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.446 - 0 - 0.364
=2.082

AppAsia Bhd'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 )
=(36.273-2.237)/43.401
=0.78

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=42.62 - 6.347
=36.273

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.495 - 0 - 0.258
=2.237

* 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 0.78 mean?
AppAsia Bhd (XKLS:0119) has a Scaled Net Operating Assets of 0.78 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 AppAsia Bhd and its competitors.
Is AppAsia Bhd's Scaled Net Operating Assets too high?
AppAsia Bhd's current Scaled Net Operating Assets is 0.78. Overall, AppAsia Bhd has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AppAsia Bhd's Scaled Net Operating Assets compare to UBER and SHOP?
AppAsia Bhd's Scaled Net Operating Assets of 0.78 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 AppAsia Bhd and its competitors. AppAsia Bhd's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AppAsia Bhd stock overvalued right now?
Based on GuruFocus' analysis, AppAsia Bhd (XKLS:0119) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.10, compared to a current price of RM0.12 — trading 20% above its estimated fair value. The current Scaled Net Operating Assets is 0.78. AppAsia Bhd's overall GF Score™ is 41/100 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 AppAsia Bhd (XKLS:0119), the current Scaled Net Operating Assets is 0.78 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 AppAsia Bhd (XKLS:0119) Overvalued in 2026?

Based on GuruFocus' analysis, AppAsia Bhd stock appears to be overvalued. The current stock price of RM0.12 is trading 20% above its estimated GF Value™ of RM0.10. GuruFocus considers AppAsia Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:0119:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: RM0.10 vs. price of RM0.12 (20% above fair value)
  • GF Score™: 41/100 with 4 warning signs

No single metric tells the full story. See the XKLS:0119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AppAsia Bhd Business Description

Address No. 105 Jalan Ampang, 1-40-1, Menara Bangkok Bank, Berjaya Central Park, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50450
AppAsia Bhd is a digital platform provider specialising in blockchain technologies, advanced mobile applications, and digital content. The company operates in the segments of Financial Services Business, E-Commerce Business, Digital solutions Business, and Investment Holding and Other Businesses. Investment holding includes investment management and provision of management services and other complimentary services; E-Commerce Business segment engages in the provision of online marketplace for e-commerce activities; Digital solutions business engages in the provision of digital platform related solutions and services; and Financial services segment provides financial assistance. Geographically, the group operates in Malaysia and United States, of which key revenue is derived from Malaysia.
41GF Score

Get the complete analysis for XKLS:0119

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

RM0.12
Price
RM0.10
GF Value