Bina Darulaman Bhd (XKLS:6173) Scaled Net Operating Assets: 0.69 (As of Mar. 2026)


XKLS:6173 Bina Darulaman Bhd XKLS:6173
39 GF Score
Price RM0.19
GF Value RM0.31
Valuation Possible Value Trap
! 6 Warning Signs
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What is Bina Darulaman Bhd Scaled Net Operating Assets?

Bina Darulaman Bhd XKLS:6173 39 Scaled Net Operating Assets is 0.69 as of Mar. 2026. GuruFocus rates XKLS:6173 with a GF Score™ of 39/100 and a GF Value™ of RM0.31 (Possible Value Trap). 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.

Bina Darulaman Bhd's operating assets for the quarter that ended in Mar. 2026 was RM756.5 Mil. Bina Darulaman Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM203.3 Mil. Bina Darulaman Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM803.1 Mil. Therefore, Bina Darulaman Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.69.


Bina Darulaman Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bina Darulaman 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.

Bina Darulaman Bhd Scaled Net Operating Assets Chart

Bina Darulaman 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 0.74 0.74 0.77 0.71 0.64

Bina Darulaman 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 0.74 0.71 0.63 0.69

XKLS:6173 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Bina Darulaman 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.


Bina Darulaman Bhd Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Bina Darulaman Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bina Darulaman Bhd's Scaled Net Operating Assets falls into.


XKLS:6173
39GF Score
Bina Darulaman Bhd XKLS:6173
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bina Darulaman 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.

Bina Darulaman 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 )
=(731.699-212.724)/809.208
=0.64

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=803.106 - 71.407
=731.699

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=334.368 - 26.905 - 94.739
=212.724

Bina Darulaman 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 )
=(756.495-203.313)/803.106
=0.69

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=789.179 - 32.684
=756.495

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=318.593 - 25.559 - 89.721
=203.313

* 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 0.69 mean?
Bina Darulaman Bhd (XKLS:6173) has a Scaled Net Operating Assets of 0.69 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 Bina Darulaman Bhd and its competitors.
Is Bina Darulaman Bhd's Scaled Net Operating Assets too high?
Bina Darulaman Bhd's current Scaled Net Operating Assets is 0.69. Overall, Bina Darulaman Bhd has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bina Darulaman Bhd's Scaled Net Operating Assets compare to PWR and FIX?
Bina Darulaman Bhd's Scaled Net Operating Assets of 0.69 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Bina Darulaman Bhd and its competitors. Bina Darulaman Bhd's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bina Darulaman Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bina Darulaman Bhd (XKLS:6173) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.31, compared to a current price of RM0.19 — trading 40.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. Bina Darulaman Bhd's overall GF Score™ is 39/100 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 Bina Darulaman Bhd (XKLS:6173), the current Scaled Net Operating Assets is 0.69 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 Bina Darulaman Bhd (XKLS:6173) Overvalued in 2026?

Based on GuruFocus' analysis, Bina Darulaman Bhd stock appears to be undervalued. The current stock price of RM0.19 is trading 40.3% below its estimated GF Value™ of RM0.31. GuruFocus considers Bina Darulaman Bhd to be Possible Value Trap.

Key valuation signals for XKLS:6173:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: RM0.31 vs. price of RM0.19 (40.3% below fair value)
  • GF Score™: 39/100 with 6 warning signs

No single metric tells the full story. See the XKLS:6173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bina Darulaman Bhd Business Description

Address 88, Lebuhraya Darulaman, Level 9, Menara BDB, Alor Setar, MYS, 05100
Bina Darulaman Bhd with its subsidiaries is an investment holding company. The principal activity of the group includes the provision of management services and property development. The group has four business segments namely property development and investment which is the development of residential and commercial properties, Engineering, construction and Quarry including building and general contractor, Leisure which includes the operation of golf and golf resort owner and operator and Investment holding which includes the provision of management services. The group operates in Malaysia. The Engineering, construction and Quarry segment derives maximum revenue.
39GF Score

Get the complete analysis for XKLS:6173

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

RM0.19
Price
RM0.31
GF Value