Hap Seng Consolidated Bhd (XKLS:3034) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


XKLS:3034 Hap Seng Consolidated Bhd XKLS:3034
64 GF Score
Price RM2.74
GF Value RM2.91
Valuation Fairly Valued
! 6 Warning Signs
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What is Hap Seng Consolidated Bhd Scaled Net Operating Assets?

Hap Seng Consolidated Bhd XKLS:3034 +0.37% 64 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates XKLS:3034 with a GF Score™ of 64/100 and a GF Value™ of RM2.91 (Fairly Valued). The stock has 6 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.

Hap Seng Consolidated Bhd's operating assets for the quarter that ended in Mar. 2026 was RM15,404 Mil. Hap Seng Consolidated Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM2,057 Mil. Hap Seng Consolidated Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM18,673 Mil. Therefore, Hap Seng Consolidated Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Hap Seng Consolidated Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Hap Seng Consolidated 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.

Hap Seng Consolidated Bhd Scaled Net Operating Assets Chart

Hap Seng Consolidated 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 0.70 0.77 0.69 0.70 0.70

Hap Seng Consolidated 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 0.69 0.70 0.70 0.69 0.72

XKLS:3034 vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Hap Seng Consolidated 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.


Hap Seng Consolidated Bhd Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hap Seng Consolidated Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:3034
64GF Score
Hap Seng Consolidated Bhd XKLS:3034
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hap Seng Consolidated 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.

Hap Seng Consolidated 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 )
=(15538.721-2218.46)/19035.525
=0.70

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18672.817 - 3134.096
=15538.721

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9287.674 - 4888.254 - 2180.96
=2218.46

Hap Seng Consolidated 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 )
=(15403.961-2057.376)/18672.817
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18701.92 - 3297.959
=15403.961

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9260.655 - 4776.888 - 2426.391
=2057.376

* 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 0.71 mean?
Hap Seng Consolidated Bhd (XKLS:3034) has a Scaled Net Operating Assets of 0.71 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 Hap Seng Consolidated Bhd and its competitors.
Is Hap Seng Consolidated Bhd's Scaled Net Operating Assets too high?
Hap Seng Consolidated Bhd's current Scaled Net Operating Assets is 0.71. Overall, Hap Seng Consolidated Bhd has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hap Seng Consolidated Bhd's Scaled Net Operating Assets compare to HON and MMM?
Hap Seng Consolidated Bhd's Scaled Net Operating Assets of 0.71 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Hap Seng Consolidated Bhd and its competitors. Hap Seng Consolidated Bhd's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hap Seng Consolidated Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hap Seng Consolidated Bhd (XKLS:3034) is currently considered Fairly Valued. The stock's GF Value™ is RM2.91, compared to a current price of RM2.74 — trading 5.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Hap Seng Consolidated Bhd's overall GF Score™ is 64/100 with 6 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 Hap Seng Consolidated Bhd (XKLS:3034), the current Scaled Net Operating Assets is 0.71 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 Hap Seng Consolidated Bhd (XKLS:3034) Overvalued in 2026?

Based on GuruFocus' analysis, Hap Seng Consolidated Bhd stock appears to be undervalued. The current stock price of RM2.74 is trading 5.8% below its estimated GF Value™ of RM2.91. GuruFocus considers Hap Seng Consolidated Bhd to be Fairly Valued.

Key valuation signals for XKLS:3034:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: RM2.91 vs. price of RM2.74 (5.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the XKLS:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hap Seng Consolidated Bhd Business Description

Address Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Consolidated Bhd is an investment holding company. Its segment comprises: Plantation engaged in the cultivation of oil palm and processing of fresh fruit bunches; Property consists of Property investment, property development, and hospitality; Credit financing consists provision of financial services; Automotive engaged in trading in motor vehicles, spare parts and servicing of motor vehicles; Trading consists of Trading and distribution of fertilizers and agro-chemical, trading of general building materials and petroleum products; and Building materials comprise operation of stone quarries and asphalt plants, manufacture of bricks and tiles, distribution and others. The majority of the revenue is generated in Malaysia with smaller operations in Other Asian countries.
64GF Score

Get the complete analysis for XKLS:3034

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

RM2.74
Price
RM2.91
GF Value