Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
PBA Holdings Bhd's operating assets for the quarter that ended in Mar. 2026 was RM1,709.8 Mil. PBA Holdings Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM518.7 Mil. PBA Holdings Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM2,251.2 Mil. Therefore, PBA Holdings Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.
PBA Holdings Bhd Scaled Net Operating Assets Related Terms
PBA Holdings Bhd Scaled Net Operating Assets Historical Data
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The historical data trend for PBA 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.
PBA Holdings Bhd Scaled Net Operating Assets Chart
XKLS:5041 vs AWK, WTRG, AWR: Scaled Net Operating Assets Comparison
For the Utilities - Regulated Water subindustry, PBA 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.
PBA Holdings Bhd Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where PBA Holdings Bhd's Scaled Net Operating Assets falls into.
* 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 0.53 mean?
PBA Holdings Bhd (XKLS:5041) has a Scaled Net Operating Assets of 0.53 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 PBA Holdings Bhd and its competitors.
Is PBA Holdings Bhd's Scaled Net Operating Assets too high?
PBA Holdings Bhd's current Scaled Net Operating Assets is 0.53. Overall, PBA Holdings Bhd has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's Scaled Net Operating Assets compare to AWK and WTRG?
PBA Holdings Bhd's Scaled Net Operating Assets of 0.53 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 PBA Holdings Bhd and its competitors. PBA Holdings Bhd's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.29, compared to a current price of RM2.01 — trading 12.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.53. PBA Holdings Bhd's overall GF Score™ is 80/100 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 PBA Holdings Bhd (XKLS:5041), the current Scaled Net Operating Assets is 0.53 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 PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?
Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued.
The current stock price of RM2.01 is trading 12.2% below its estimated GF Value™ of RM2.29.
GuruFocus considers PBA Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5041:
Scaled Net Operating Assets: 0.53
GF Value™: RM2.29 vs. price of RM2.01 (12.2% below fair value)
No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
80GF Score
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