AMCIL (ASX:AMH) Scaled Net Operating Assets: 0.73 (As of Dec. 2025)


ASX:AMH AMCIL Ltd ASX:AMH
54 GF Score
Price A$0.87
GF Value A$1.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is AMCIL Scaled Net Operating Assets?

AMCIL ASX:AMH 54 Scaled Net Operating Assets is 0.73 as of Dec. 2025. GuruFocus rates ASX:AMH with a GF Score™ of 54/100 and a GF Value™ of A$1.08 (Modestly 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.

AMCIL's operating assets for the quarter that ended in Dec. 2025 was A$332.96 Mil. AMCIL's operating liabilities for the quarter that ended in Dec. 2025 was A$32.62 Mil. AMCIL's Total Assets for the quarter that ended in Jun. 2025 was A$412.02 Mil. Therefore, AMCIL's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.73.

ASX:AMH
54GF Score
AMCIL Ltd ASX:AMH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AMCIL 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.

AMCIL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(393.976-49.391)/399.498
=0.86

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=412.018 - 18.042
=393.976

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=49.391 - 0 - 0
=49.391

AMCIL's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(332.962-32.616)/412.018
=0.73

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=358.591 - 25.629
=332.962

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.616 - 0 - 0
=32.616

* 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 0.73 mean?
AMCIL (ASX:AMH) has a Scaled Net Operating Assets of 0.73 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AMCIL and its competitors.
Is AMCIL's Scaled Net Operating Assets too high?
AMCIL's current Scaled Net Operating Assets is 0.73. Overall, AMCIL has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AMCIL's Scaled Net Operating Assets compare to BLK and BX?
AMCIL's Scaled Net Operating Assets of 0.73 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 AMCIL and its competitors. AMCIL's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMCIL stock overvalued right now?
Based on GuruFocus' analysis, AMCIL (ASX:AMH) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.08, compared to a current price of A$0.87 — trading 19.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. AMCIL's overall GF Score™ is 54/100 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 AMCIL (ASX:AMH), the current Scaled Net Operating Assets is 0.73 as of Dec. 2025. 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 AMCIL (ASX:AMH) Overvalued in 2026?

Based on GuruFocus' analysis, AMCIL stock appears to be undervalued. The current stock price of A$0.87 is trading 19.4% below its estimated GF Value™ of A$1.08. GuruFocus considers AMCIL to be Modestly Undervalued.

Key valuation signals for ASX:AMH:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: A$1.08 vs. price of A$0.87 (19.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs

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

AMCIL Business Description

Address 101 Collins Street, Level 21, Melbourne, VIC, AUS, 3000
AMCIL Ltd is an Australia-based investment company focused on managing a portfolio that covers large and small companies in the Australian equity market. The group invests in sectors such as Industrials, Materials, Healthcare, Consumer Discretionary, Consumer Staples, Information Technology, Banks, Other Financials, Telecom Services, Property Trusts, Utilities, Cash, and Energy. It derives the majority of the revenue from the receipt of dividends and distributions and interest income, and income arising from the trading portfolio and realised income from the options portfolio.
54GF 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.

A$0.87
Price
A$1.08
GF Value