Carlsberg Brewery Malaysia Bhd (XKLS:2836) Scaled Net Operating Assets: 0.26 (As of Mar. 2026)

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XKLS:2836 Carlsberg Brewery Malaysia Bhd XKLS:2836
81 GF Score
Price RM16.10
GF Value RM19.38
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Carlsberg Brewery Malaysia Bhd Scaled Net Operating Assets?

Carlsberg Brewery Malaysia Bhd XKLS:2836 +0.50% 81 Scaled Net Operating Assets is 0.26 as of Mar. 2026. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.38 (Modestly Undervalued). The stock has 2 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.

Carlsberg Brewery Malaysia Bhd's operating assets for the quarter that ended in Mar. 2026 was RM986 Mil. Carlsberg Brewery Malaysia Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM716 Mil. Carlsberg Brewery Malaysia Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM1,050 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.26.


Carlsberg Brewery Malaysia Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Carlsberg Brewery Malaysia 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.

Carlsberg Brewery Malaysia Bhd Scaled Net Operating Assets Chart

Carlsberg Brewery Malaysia 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 0.23 0.23 0.26 0.29 0.30

Carlsberg Brewery Malaysia 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 0.23 0.15 0.27 0.33 0.26

XKLS:2836 vs BUD, STZ, TAP: Scaled Net Operating Assets Comparison

For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia 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.


Carlsberg Brewery Malaysia Bhd Scaled Net Operating Assets vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:2836
81GF Score
Carlsberg Brewery Malaysia Bhd XKLS:2836
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carlsberg Brewery Malaysia 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.

Carlsberg Brewery Malaysia 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 )
=(1025.389-683.245)/1133.386
=0.30

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1050.253 - 24.864
=1025.389

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=724.127 - 10.078 - 30.804
=683.245

Carlsberg Brewery Malaysia 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 )
=(986.212-716.257)/1050.253
=0.26

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1152.713 - 166.501
=986.212

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=729.798 - 9.134 - 4.407
=716.257

* 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 0.26 mean?
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a Scaled Net Operating Assets of 0.26 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 Carlsberg Brewery Malaysia Bhd and its competitors.
Is Carlsberg Brewery Malaysia Bhd's Scaled Net Operating Assets too high?
Carlsberg Brewery Malaysia Bhd's current Scaled Net Operating Assets is 0.26. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's Scaled Net Operating Assets compare to BUD and STZ?
Carlsberg Brewery Malaysia Bhd's Scaled Net Operating Assets of 0.26 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Alcoholic 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 Carlsberg Brewery Malaysia Bhd and its competitors. Carlsberg Brewery Malaysia Bhd's current Scaled Net Operating Assets is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.38, compared to a current price of RM16.10 — trading 16.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.26. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 with 2 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current Scaled Net Operating Assets is 0.26 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?

Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued. The current stock price of RM16.10 is trading 16.9% below its estimated GF Value™ of RM19.38. GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:2836:

  • Scaled Net Operating Assets: 0.26
  • GF Value™: RM19.38 vs. price of RM16.10 (16.9% below fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carlsberg Brewery Malaysia Bhd Business Description

Address No. 55, Persiaran Selangor, Section 15, Shah Alam, SGR, MYS, 40200
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
81GF Score

Get the complete analysis for XKLS:2836

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

RM16.10
Price
RM19.38
GF Value