Nationgate Holdings Bhd (XKLS:0270) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)


XKLS:0270 Nationgate Holdings Bhd XKLS:0270
76 GF Score
Price RM0.89
GF Value RM6.50
Valuation Possible Value Trap
! 10 Warning Signs
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What is Nationgate Holdings Bhd Scaled Net Operating Assets?

Nationgate Holdings Bhd XKLS:0270 -1.12% 76 Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus rates XKLS:0270 with a GF Score™ of 76/100 and a GF Value™ of RM6.50 (Possible Value Trap). The stock has 10 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.

Nationgate Holdings Bhd's operating assets for the quarter that ended in Mar. 2026 was RM2,054 Mil. Nationgate Holdings Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM619 Mil. Nationgate Holdings Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM2,972 Mil. Therefore, Nationgate Holdings Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.


Nationgate Holdings Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nationgate 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.

Nationgate Holdings Bhd Scaled Net Operating Assets Chart

Nationgate Holdings Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.73 0.84 0.63 0.06 0.37

Nationgate Holdings Bhd Quarterly Data
Dec19 Dec20 Dec21 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 0.26 0.26 0.42 0.59 0.48

XKLS:0270 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Nationgate 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.


Nationgate Holdings Bhd Scaled Net Operating Assets vs Hardware Industry

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

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


XKLS:0270
76GF Score
Nationgate Holdings Bhd XKLS:0270
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nationgate 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.

Nationgate Holdings 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 )
=(2554.545-1155.744)/3737.22
=0.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2972.213 - 417.668
=2554.545

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1913.425 - 118.933 - 638.748
=1155.744

Nationgate Holdings 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 )
=(2053.746-618.986)/2972.213
=0.48

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2641.593 - 587.847
=2053.746

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1596.202 - 115.826 - 861.39
=618.986

* 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 0.48 mean?
Nationgate Holdings Bhd (XKLS:0270) has a Scaled Net Operating Assets of 0.48 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 Nationgate Holdings Bhd and its competitors.
Is Nationgate Holdings Bhd's Scaled Net Operating Assets too high?
Nationgate Holdings Bhd's current Scaled Net Operating Assets is 0.48. Overall, Nationgate Holdings Bhd has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nationgate Holdings Bhd's Scaled Net Operating Assets compare to APH and GLW?
Nationgate Holdings Bhd's Scaled Net Operating Assets of 0.48 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Nationgate Holdings Bhd and its competitors. Nationgate Holdings Bhd's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nationgate Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Nationgate Holdings Bhd (XKLS:0270) is currently considered Possible Value Trap. The stock's GF Value™ is RM6.50, compared to a current price of RM0.89 — trading 86.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.48. Nationgate Holdings Bhd's overall GF Score™ is 76/100 with 10 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 Nationgate Holdings Bhd (XKLS:0270), the current Scaled Net Operating Assets is 0.48 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 Nationgate Holdings Bhd (XKLS:0270) Overvalued in 2026?

Based on GuruFocus' analysis, Nationgate Holdings Bhd stock appears to be undervalued. The current stock price of RM0.89 is trading 86.4% below its estimated GF Value™ of RM6.50. GuruFocus considers Nationgate Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0270:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: RM6.50 vs. price of RM0.89 (86.4% below fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the XKLS:0270 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nationgate Holdings Bhd Business Description

Address 2005, Tingkat Perusahaan Satu, Kawasan Perusahaan Perai, Perai, PNG, MYS, 13600
Nationgate Holdings Bhd is engaged in the assembling and testing of electronic components and products to produce completed PCBs, semi-finished sub-assemblies, and fully assembled electronic products as well as semiconductor devices. The company has only one reportable business segment of manufacturing, which relates principally to the provision of electronic manufacturing services ("EMS"). The segment mainly comprises the assembly and testing of electronic components and products to produce completed printed circuit boards, semi-finished sub-assemblies, fully assembled electronic products (under NSM, NSY, NCS, and NPS), and semiconductor devices (under NSY).
76GF Score

Get the complete analysis for XKLS:0270

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

RM0.89
Price
RM6.50
GF Value