Ideal Capital Bhd (XKLS:9687) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)


XKLS:9687 Ideal Capital Bhd XKLS:9687
89 GF Score
Price RM3.72
GF Value RM5.39
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Ideal Capital Bhd Scaled Net Operating Assets?

Ideal Capital Bhd XKLS:9687 89 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates XKLS:9687 with a GF Score™ of 89/100 and a GF Value™ of RM5.39 (Significantly Undervalued). 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.

Ideal Capital Bhd's operating assets for the quarter that ended in Mar. 2026 was RM1,776 Mil. Ideal Capital Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM398 Mil. Ideal Capital Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM2,014 Mil. Therefore, Ideal Capital Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.


Ideal Capital Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ideal Capital 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.

Ideal Capital Bhd Scaled Net Operating Assets Chart

Ideal Capital 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 0.64 0.63 0.92 0.67 0.78

Ideal Capital 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 0.66 0.78 0.76 0.77 0.68

Ideal Capital Bhd Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Ideal Capital 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.


Ideal Capital Bhd Scaled Net Operating Assets vs Real Estate Industry

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

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


XKLS:9687
89GF Score
Ideal Capital Bhd XKLS:9687
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ideal Capital 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.

Ideal Capital 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 )
=(1994.326-605.557)/1781.736
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2013.984 - 19.658
=1994.326

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1030.952 - 406.34 - 19.055
=605.557

Ideal Capital 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 )
=(1775.946-397.513)/2013.984
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1815.16 - 39.214
=1775.946

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=817.074 - 409.99 - 9.571
=397.513

* 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 0.68 mean?
Ideal Capital Bhd (XKLS:9687) has a Scaled Net Operating Assets of 0.68 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 Ideal Capital Bhd and its competitors.
Is Ideal Capital Bhd's Scaled Net Operating Assets too high?
Ideal Capital Bhd's current Scaled Net Operating Assets is 0.68. Overall, Ideal Capital Bhd has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ideal Capital Bhd's Scaled Net Operating Assets compare to competitors?
Ideal Capital Bhd's Scaled Net Operating Assets of 0.68 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 Ideal Capital Bhd and its competitors. Ideal Capital Bhd's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ideal Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ideal Capital Bhd (XKLS:9687) is currently considered Significantly Undervalued. The stock's GF Value™ is RM5.39, compared to a current price of RM3.72 — trading 31% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Ideal Capital Bhd's overall GF Score™ is 89/100 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 Ideal Capital Bhd (XKLS:9687), the current Scaled Net Operating Assets is 0.68 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 Ideal Capital Bhd (XKLS:9687) Overvalued in 2026?

Based on GuruFocus' analysis, Ideal Capital Bhd stock appears to be undervalued. The current stock price of RM3.72 is trading 31% below its estimated GF Value™ of RM5.39. GuruFocus considers Ideal Capital Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:9687:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: RM5.39 vs. price of RM3.72 (31% below fair value)
  • GF Score™: 89/100 with 3 warning signs

No single metric tells the full story. See the XKLS:9687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ideal Capital Bhd Business Description

Address Jalan Mahsuri, No. 71-5, Ideal @ The One, Bayan Lepas, PNG, MYS, 11950
Ideal Capital Bhd is a Malaysia-based investment holding company engaged in the trading of heavy machinery and spare parts, and property development activities. The group has three reportable segments namely, the Trading segment which includes trading of heavy machinery and spare parts, the Property development segment which relates to property development activities, and Project investment and project management engaged in rental income and property management services. The company operates in Malaysia and generates the majority of its revenue from the Property development segment.
89GF Score

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

RM3.72
Price
RM5.39
GF Value