icapital biz Bhd (XKLS:5108) Scaled Net Operating Assets: 0.98 (As of Feb. 2026)


XKLS:5108 icapital biz Bhd XKLS:5108
56 GF Score
Price RM2.41
GF Value RM2.24
Valuation Fairly Valued
! 3 Warning Signs
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What is icapital biz Bhd Scaled Net Operating Assets?

icapital biz Bhd XKLS:5108 -2.00% 56 Scaled Net Operating Assets is 0.98 as of Feb. 2026. GuruFocus rates XKLS:5108 with a GF Score™ of 56/100 and a GF Value™ of RM2.24 (Fairly Valued). 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.

icapital biz Bhd's operating assets for the quarter that ended in Feb. 2026 was RM529.93 Mil. icapital biz Bhd's operating liabilities for the quarter that ended in Feb. 2026 was RM0.46 Mil. icapital biz Bhd's Total Assets for the quarter that ended in Nov. 2025 was RM537.96 Mil. Therefore, icapital biz Bhd's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.98.

XKLS:5108
56GF Score
icapital biz Bhd XKLS:5108
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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icapital biz 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.

icapital biz Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(500.999-0.664)/603.708
=0.83

where

Operating Assets(A: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=515.389 - 14.39
=500.999

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.664 - 0 - 0
=0.664

icapital biz Bhd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(529.927-0.462)/537.961
=0.98

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=557.54 - 27.613
=529.927

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.462 - 0 - 0
=0.462

* 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 0.98 mean?
icapital biz Bhd (XKLS:5108) has a Scaled Net Operating Assets of 0.98 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on icapital biz Bhd and its competitors.
Is icapital biz Bhd's Scaled Net Operating Assets too high?
icapital biz Bhd's current Scaled Net Operating Assets is 0.98. Overall, icapital biz Bhd has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does icapital biz Bhd's Scaled Net Operating Assets compare to BLK and BX?
icapital biz Bhd's Scaled Net Operating Assets of 0.98 can be compared against companies in the Asset Management 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 Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 icapital biz Bhd and its competitors. icapital biz Bhd's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is icapital biz Bhd stock overvalued right now?
Based on GuruFocus' analysis, icapital biz Bhd (XKLS:5108) is currently considered Fairly Valued. The stock's GF Value™ is RM2.24, compared to a current price of RM2.41 — trading 7.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.98. icapital biz Bhd's overall GF Score™ is 56/100 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 icapital biz Bhd (XKLS:5108), the current Scaled Net Operating Assets is 0.98 as of Feb. 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 icapital biz Bhd (XKLS:5108) Overvalued in 2026?

Based on GuruFocus' analysis, icapital biz Bhd stock appears to be overvalued. The current stock price of RM2.41 is trading 7.6% above its estimated GF Value™ of RM2.24. GuruFocus considers icapital biz Bhd to be Fairly Valued.

Key valuation signals for XKLS:5108:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: RM2.24 vs. price of RM2.41 (7.6% above fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

icapital biz Bhd Business Description

Address 201, Jalan Tun Sambanthan, Level 13, Menara 1 Sentrum, Brickfields, Kuala Lumpur, SGR, MYS, 50470
icapital biz Bhd is a Malaysia-based closed-end fund engaged in investing in a diversified portfolio of quoted securities. The fund's main objective is long-term capital appreciation through value investing in undervalued companies listed on Bursa Malaysia's Main and ACE Markets. It can also invest in cash deposits and up to 10% of its assets in unlisted companies. The fund is managed by Capital Dynamics Asset Management Sdn. Bhd., with Capital Dynamics Sdn. Bhd. as the investment adviser. Revenue and returns are generated through strategic investment in equities and other asset classes, focusing on sustainable growth and capital gains. The company operates mainly as an investment fund rather than traditional business operations.
56GF Score

Get the complete analysis for XKLS:5108

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

RM2.41
Price
RM2.24
GF Value