Associate Global Partners (ASX:APL) Scaled Net Operating Assets: 0.34 (As of Dec. 2025)


ASX:APL Associate Global Partners Ltd ASX:APL
29 GF Score
Price A$0.23
GF Value A$0.18
Valuation Modestly Overvalued
View Full Analysis

What is Associate Global Partners Scaled Net Operating Assets?

Associate Global Partners ASX:APL +21.05% 29 Scaled Net Operating Assets is 0.34 as of Dec. 2025. GuruFocus rates ASX:APL with a GF Score™ of 29/100 and a GF Value™ of A$0.18 (Modestly Overvalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Associate Global Partners's operating assets for the quarter that ended in Dec. 2025 was A$7.79 Mil. Associate Global Partners's operating liabilities for the quarter that ended in Dec. 2025 was A$3.47 Mil. Associate Global Partners's Total Assets for the quarter that ended in Jun. 2025 was A$12.58 Mil. Therefore, Associate Global Partners's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.34.

ASX:APL
29GF Score
Associate Global Partners Ltd ASX:APL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associate Global Partners 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.

Associate Global Partners'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 )
=(7.742-2.994)/12.71
=0.37

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12.584 - 4.842
=7.742

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.919 - 0.704 - 1.221
=2.994

Associate Global Partners'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 )
=(7.789-3.468)/12.584
=0.34

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12.985 - 5.196
=7.789

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.239 - 0.577 - 1.194
=3.468

* 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 0.34 mean?
Associate Global Partners (ASX:APL) has a Scaled Net Operating Assets of 0.34 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 Associate Global Partners and its competitors.
Is Associate Global Partners' Scaled Net Operating Assets too high?
Associate Global Partners' current Scaled Net Operating Assets is 0.34. Overall, Associate Global Partners has a GF Score™ of 29/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associate Global Partners' Scaled Net Operating Assets compare to BLK and BX?
Associate Global Partners' Scaled Net Operating Assets of 0.34 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 Associate Global Partners and its competitors. Associate Global Partners's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associate Global Partners stock overvalued right now?
Based on GuruFocus' analysis, Associate Global Partners (ASX:APL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.18, compared to a current price of A$0.23 — trading 27.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Associate Global Partners' overall GF Score™ is 29/100. 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 Associate Global Partners (ASX:APL), the current Scaled Net Operating Assets is 0.34 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 Associate Global Partners (ASX:APL) Overvalued in 2026?

Based on GuruFocus' analysis, Associate Global Partners stock appears to be overvalued. The current stock price of A$0.23 is trading 27.8% above its estimated GF Value™ of A$0.18. GuruFocus considers Associate Global Partners to be Modestly Overvalued.

Key valuation signals for ASX:APL:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: A$0.18 vs. price of A$0.23 (27.8% above fair value)
  • GF Score™: 29/100

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

Associate Global Partners Business Description

Address 2 Chifley Square, Level 12, Sydney, NSW, AUS, 2000
Associate Global Partners Ltd is an independent, multi-boutique asset management firm. It has developed a distribution platform that provides investment managers with an end-to-end distribution solution that promotes their brand and grows funds under management (FUM).
29GF Score

Get the complete analysis for ASX:APL

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

A$0.23
Price
A$0.18
GF Value