South Malaysia Industries Bhd (XKLS:4375) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)


XKLS:4375 South Malaysia Industries Bhd XKLS:4375
36 GF Score
Price RM0.17
GF Value RM0.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is South Malaysia Industries Bhd Scaled Net Operating Assets?

South Malaysia Industries Bhd XKLS:4375 -19.51% 36 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates XKLS:4375 with a GF Score™ of 36/100 and a GF Value™ of RM0.36 (Possible Value Trap). The stock has 3 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.

South Malaysia Industries Bhd's operating assets for the quarter that ended in Mar. 2026 was RM151.72 Mil. South Malaysia Industries Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM19.67 Mil. South Malaysia Industries Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM157.10 Mil. Therefore, South Malaysia Industries Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.


South Malaysia Industries Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for South Malaysia Industries 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.

South Malaysia Industries Bhd Scaled Net Operating Assets Chart

South Malaysia Industries Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.85 0.84 0.79 0.85

South Malaysia Industries Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.88 0.97 0.00 0.00 0.84

XKLS:4375 vs VRT, BE: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, South Malaysia Industries 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.


South Malaysia Industries Bhd Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, South Malaysia Industries Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:4375
36GF Score
South Malaysia Industries Bhd XKLS:4375
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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South Malaysia Industries 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.

South Malaysia Industries Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2024 )
=(Operating Assets (A: Jun. 2024 )-Operating Liabilities (A: Jun. 2024 ))/Total Assets (A: Dec. 2022 )
=(153.466-11.934)/167.406
=0.85

where

Operating Assets(A: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=155.694 - 2.228
=153.466

Operating Liabilities(A: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25.316 - 6.861 - 6.521
=11.934

South Malaysia Industries 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 )
=(151.722-19.671)/157.095
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=157.771 - 6.049
=151.722

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27.744 - 4.329 - 3.744
=19.671

* 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 0.84 mean?
South Malaysia Industries Bhd (XKLS:4375) has a Scaled Net Operating Assets of 0.84 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 South Malaysia Industries Bhd and its competitors.
Is South Malaysia Industries Bhd's Scaled Net Operating Assets too high?
South Malaysia Industries Bhd's current Scaled Net Operating Assets is 0.84. Overall, South Malaysia Industries Bhd has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Malaysia Industries Bhd's Scaled Net Operating Assets compare to VRT and BE?
South Malaysia Industries Bhd's Scaled Net Operating Assets of 0.84 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 South Malaysia Industries Bhd and its competitors. South Malaysia Industries Bhd's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Malaysia Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, South Malaysia Industries Bhd (XKLS:4375) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.36, compared to a current price of RM0.17 — trading 54.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. South Malaysia Industries Bhd's overall GF Score™ is 36/100 with 3 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 South Malaysia Industries Bhd (XKLS:4375), the current Scaled Net Operating Assets is 0.84 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 South Malaysia Industries Bhd (XKLS:4375) Overvalued in 2026?

Based on GuruFocus' analysis, South Malaysia Industries Bhd stock appears to be undervalued. The current stock price of RM0.17 is trading 54.2% below its estimated GF Value™ of RM0.36. GuruFocus considers South Malaysia Industries Bhd to be Possible Value Trap.

Key valuation signals for XKLS:4375:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: RM0.36 vs. price of RM0.17 (54.2% below fair value)
  • GF Score™: 36/100 with 3 warning signs

No single metric tells the full story. See the XKLS:4375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


South Malaysia Industries Bhd Business Description

Address No. 6, Lorong P. Ramlee, 13A Floor, Menara SMI, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50250
South Malaysia Industries Bhd is principally engaged in investment holding, trading, property development and provision of management services. The company's reportable segments are: i) Property development: Develop and sale of residential and commercial properties, ii) Property & investment holding: Investment in properties, carpark operation and holding company, iii) Manufacturing and trading: Manufacture of assorted wires and trading. The majority of the company's revenue is derived from the Manufacturing and trading segment. Geographically, it predominantly operates in Malaysia.
36GF Score

Get the complete analysis for XKLS:4375

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

RM0.17
Price
RM0.36
GF Value