Mah Sing Group Bhd (XKLS:8583) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


XKLS:8583 Mah Sing Group Bhd XKLS:8583
86 GF Score
Price RM0.98
GF Value RM1.11
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Mah Sing Group Bhd Scaled Net Operating Assets?

Mah Sing Group Bhd XKLS:8583 86 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates XKLS:8583 with a GF Score™ of 86/100 and a GF Value™ of RM1.11 (Modestly Undervalued). The stock has 4 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.

Mah Sing Group Bhd's operating assets for the quarter that ended in Mar. 2026 was RM7,051 Mil. Mah Sing Group Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM1,439 Mil. Mah Sing Group Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM8,063 Mil. Therefore, Mah Sing Group Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


Mah Sing Group Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mah Sing Group 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.

Mah Sing Group Bhd Scaled Net Operating Assets Chart

Mah Sing Group 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 0.73 0.66 0.70 0.83 0.76

Mah Sing Group 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 0.61 0.69 0.69 0.75 0.70

Mah Sing Group Bhd Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Mah Sing Group 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.


Mah Sing Group Bhd Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mah Sing Group Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mah Sing Group Bhd's Scaled Net Operating Assets falls into.


XKLS:8583
86GF Score
Mah Sing Group Bhd XKLS:8583
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mah Sing Group 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.

Mah Sing Group 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 )
=(7359.17-1631.973)/7553.263
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8062.693 - 703.523
=7359.17

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3975.391 - 1979.917 - 363.501
=1631.973

Mah Sing Group 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 )
=(7050.703-1438.998)/8062.693
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8051.514 - 1000.811
=7050.703

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4026.391 - 2243.985 - 343.408
=1438.998

* 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 0.70 mean?
Mah Sing Group Bhd (XKLS:8583) has a Scaled Net Operating Assets of 0.70 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 Mah Sing Group Bhd and its competitors.
Is Mah Sing Group Bhd's Scaled Net Operating Assets too high?
Mah Sing Group Bhd's current Scaled Net Operating Assets is 0.70. Overall, Mah Sing Group Bhd has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mah Sing Group Bhd's Scaled Net Operating Assets compare to competitors?
Mah Sing Group Bhd's Scaled Net Operating Assets of 0.70 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Mah Sing Group Bhd and its competitors. Mah Sing Group Bhd's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mah Sing Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mah Sing Group Bhd (XKLS:8583) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.11, compared to a current price of RM0.98 — trading 12.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. Mah Sing Group Bhd's overall GF Score™ is 86/100 with 4 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 Mah Sing Group Bhd (XKLS:8583), the current Scaled Net Operating Assets is 0.70 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 Mah Sing Group Bhd (XKLS:8583) Overvalued in 2026?

Based on GuruFocus' analysis, Mah Sing Group Bhd stock appears to be undervalued. The current stock price of RM0.98 is trading 12.2% below its estimated GF Value™ of RM1.11. GuruFocus considers Mah Sing Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:8583:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: RM1.11 vs. price of RM0.98 (12.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the XKLS:8583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mah Sing Group Bhd Business Description

Address No. 163, Jalan Sungai Besi, Penthouse Suite 1, Wisma Mah Sing, Kuala Lumpur, SGR, MYS, 57100
Mah Sing Group Bhd is a Malaysia-based company that is mainly engaged in three segments: Property, Manufacturing, and Investment Holding and others. The Property segment, which accounts for the majority of the company's revenue, invests in and develops residential, commercial, and industrial properties. The Manufacturing segment manufactures and trades a range of plastic molded products and gloves. The Investment holding and others segment is engaged in the provision of management and property support services, construction of residential properties, provision of hospitality management services, and trading of building materials. Geographically, it derives maximum revenue from Malaysia, followed by Indonesia, Singapore, Thailand, Philippines, United States, Australia, and other countries.
86GF Score

Get the complete analysis for XKLS:8583

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

RM0.98
Price
RM1.11
GF Value