SY (So-Young International) Scaled Net Operating Assets: 0.46 (As of Mar. 2026)


SY So-Young International Inc SY
77 GF Score
Price $1.42
GF Value $1.48
Valuation Fairly Valued
! 2 Warning Signs
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What is So-Young International Scaled Net Operating Assets?

So-Young International SY -4.11% 77 Scaled Net Operating Assets is 0.46 as of Mar. 2026. GuruFocus rates SY with a GF Score™ of 77/100 and a GF Value™ of $1.48 (Fairly Valued). The stock has 2 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.

So-Young International's operating assets for the quarter that ended in Mar. 2026 was $270.9 Mil. So-Young International's operating liabilities for the quarter that ended in Mar. 2026 was $98.0 Mil. So-Young International's Total Assets for the quarter that ended in Dec. 2025 was $376.2 Mil. Therefore, So-Young International's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.46.


So-Young International Scaled Net Operating Assets Historical Data

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The historical data trend for So-Young International'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.

So-Young International Scaled Net Operating Assets Chart

So-Young International 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 0.28 0.30 0.42 0.31 0.42

So-Young International 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 0.41 0.46 0.45 0.42 0.46

SY vs LFMD, SPOK, AMWL: Scaled Net Operating Assets Comparison

For the Health Information Services subindustry, So-Young International'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.


So-Young International Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where So-Young International's Scaled Net Operating Assets falls into.


SY
77GF Score
So-Young International Inc SY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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So-Young International 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.

So-Young International'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 )
=(252.435-96.704)/375.672
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=376.198 - 123.763
=252.435

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=139.257 - 26.034 - 16.519
=96.704

So-Young International'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 )
=(270.941-98.021)/376.198
=0.46

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=386.648 - 115.707
=270.941

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=153.218 - 26.451 - 28.746
=98.021

* 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 0.46 mean?
So-Young International (SY) has a Scaled Net Operating Assets of 0.46 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 So-Young International and its competitors.
Is So-Young International's Scaled Net Operating Assets too high?
So-Young International's current Scaled Net Operating Assets is 0.46. Overall, So-Young International has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does So-Young International's Scaled Net Operating Assets compare to LFMD and SPOK?
So-Young International's Scaled Net Operating Assets of 0.46 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 So-Young International and its competitors. So-Young International's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is So-Young International stock overvalued right now?
Based on GuruFocus' analysis, So-Young International (SY) is currently considered Fairly Valued. The stock's GF Value™ is $1.48, compared to a current price of $1.42 — trading 4.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.46. So-Young International's overall GF Score™ is 77/100 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 So-Young International (SY), the current Scaled Net Operating Assets is 0.46 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 So-Young International (SY) Overvalued in 2026?

Based on GuruFocus' analysis, So-Young International stock appears to be undervalued. The current stock price of $1.42 is trading 4.4% below its estimated GF Value™ of $1.48. GuruFocus considers So-Young International to be Fairly Valued.

Key valuation signals for SY:

  • Scaled Net Operating Assets: 0.46
  • GF Value™: $1.48 vs. price of $1.42 (4.4% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


So-Young International Business Description

Address No. 66 Xiangbin Road, 2nd Floor, East Tower, Poly Plaza, Chaoyang District, Beijing, CHN, 100012
So-Young International Inc is an aesthetic treatment platform in China connecting consumers with online services and offline treatments. Its online platform operates across multiple access points, including mobile app, Weixin mini program, and soyoung.com website, where both consumers and aesthetic practitioners can access media content, an engaging social community and a transparent reservation system. The company has four reportable segments: Aesthetic treatment services group, Platform service group, Wuhan Miracle, and Others. The majority of revenue is derived from the Platform service group, which generates revenue by providing information services and reservation services. All the company's revenues are derived from within the PRC.
77GF 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.

$1.42
Price
$1.48
GF Value