Alcom Group Bhd (XKLS:2674) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


XKLS:2674 Alcom Group Bhd XKLS:2674
22 GF Score
Price RM0.62
GF Value RM0.59
Valuation Fairly Valued
! 8 Warning Signs
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What is Alcom Group Bhd Scaled Net Operating Assets?

Alcom Group Bhd XKLS:2674 22 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates XKLS:2674 with a GF Score™ of 22/100 and a GF Value™ of RM0.59 (Fairly Valued). The stock has 8 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.

Alcom Group Bhd's operating assets for the quarter that ended in Mar. 2026 was RM864.7 Mil. Alcom Group Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM74.3 Mil. Alcom Group Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM859.4 Mil. Therefore, Alcom Group Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.

Alcom Group Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Alcom Group 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.

Alcom Group Bhd Scaled Net Operating Assets Chart

Alcom Group Bhd Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.48 0.52 1.00 1.04

Alcom Group 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 0.85 0.85 0.82 0.92

XKLS:2674 vs AA, CENX, CSTM: Scaled Net Operating Assets Comparison

For the Aluminum subindustry, Alcom Group 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.

Alcom Group Bhd Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alcom Group Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:2674
22GF Score
Alcom Group Bhd XKLS:2674
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Alcom Group 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.

Alcom Group 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 )
=(780.557-97.644)/654.561
=1.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=859.387 - 78.83
=780.557

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=668.359 - 322.189 - 248.526
=97.644

Alcom Group 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 )
=(864.677-74.333)/859.387
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=934.856 - 70.179
=864.677

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=755.944 - 377.283 - 304.328
=74.333

* 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 0.92 mean?
Alcom Group Bhd (XKLS:2674) has a Scaled Net Operating Assets of 0.92 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 Alcom Group Bhd and its competitors.
Is Alcom Group Bhd's Scaled Net Operating Assets too high?
Alcom Group Bhd's current Scaled Net Operating Assets is 0.92. Overall, Alcom Group Bhd has a GF Score™ of 22/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alcom Group Bhd's Scaled Net Operating Assets compare to AA and CENX?
Alcom Group Bhd's Scaled Net Operating Assets of 0.92 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Alcom Group Bhd and its competitors. Alcom Group Bhd's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alcom Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Alcom Group Bhd (XKLS:2674) is currently considered Fairly Valued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.62 — trading 4.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.92. Alcom Group Bhd's overall GF Score™ is 22/100 with 8 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 Alcom Group Bhd (XKLS:2674), the current Scaled Net Operating Assets is 0.92 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 Alcom Group Bhd (XKLS:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Alcom Group Bhd stock appears to be overvalued. The current stock price of RM0.62 is trading 4.2% above its estimated GF Value™ of RM0.59. GuruFocus considers Alcom Group Bhd to be Fairly Valued.

Key valuation signals for XKLS:2674:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: RM0.59 vs. price of RM0.62 (4.2% above fair value)
  • GF Score™: 22/100 with 8 warning signs

No single metric tells the full story. See the XKLS:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alcom Group Bhd Business Description

Address No. 3, Persiaran Waja, Bukit Raja Industrial Estate, Klang, MYS, 41050
Alcom Group Bhd, along with its subsidiaries, operates in four segments, namely, Manufacturing Segment, which supplies rolled aluminium products within Malaysia as well as to Asia, Europe, the Middle East and the United States of America with key products being finstock, specialties and roofing products; Property Development Segment focuses on property development; Construction Segment engages in construction of buildings; and Investment Holding Segment. The majority of the revenue is derived from the Manufacturing Segment. Geographically, it operates in Malaysia, the United States of America, Thailand, India, Asia (excluding Malaysia, Thailand, and India), Europe, the Middle East, and Others. The majority of its revenue is generated from India.
22GF Score

Get the complete analysis for XKLS:2674

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

RM0.62
Price
RM0.59
GF Value