Betr Entertainment (ASX:BBT) Scaled Net Operating Assets: 0.48 (As of Dec. 2025)


ASX:BBT Betr Entertainment Ltd ASX:BBT
31 GF Score
Price A$0.17
GF Value A$0.13
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Betr Entertainment Scaled Net Operating Assets?

Betr Entertainment ASX:BBT 31 Scaled Net Operating Assets is 0.48 as of Dec. 2025. GuruFocus rates ASX:BBT with a GF Score™ of 31/100 and a GF Value™ of A$0.13 (Modestly Overvalued). The stock has 7 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.

Betr Entertainment's operating assets for the quarter that ended in Dec. 2025 was A$186.6 Mil. Betr Entertainment's operating liabilities for the quarter that ended in Dec. 2025 was A$50.7 Mil. Betr Entertainment's Total Assets for the quarter that ended in Jun. 2025 was A$282.8 Mil. Therefore, Betr Entertainment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.48.


Betr Entertainment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Betr Entertainment'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.

Betr Entertainment Scaled Net Operating Assets Chart

Betr Entertainment Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
-0.01 0.12 -0.39 3.52

Betr Entertainment Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 -0.50 1.19 1.36 0.48

ASX:BBT vs FLUT, DKNG, SGHC: Scaled Net Operating Assets Comparison

For the Gambling subindustry, Betr Entertainment'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.


Betr Entertainment Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Betr Entertainment's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Betr Entertainment's Scaled Net Operating Assets falls into.


ASX:BBT
31GF Score
Betr Entertainment Ltd ASX:BBT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Betr Entertainment 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.

Betr Entertainment'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 )
=(177.709-45.645)/37.509
=3.52

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=282.781 - 105.072
=177.709

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=84.597 - 4.628 - 34.324
=45.645

Betr Entertainment'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 )
=(186.572-50.743)/282.781
=0.48

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=227.387 - 40.815
=186.572

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=90.036 - 4.342 - 34.951
=50.743

* 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 0.48 mean?
Betr Entertainment (ASX:BBT) has a Scaled Net Operating Assets of 0.48 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 Betr Entertainment and its competitors.
Is Betr Entertainment's Scaled Net Operating Assets too high?
Betr Entertainment's current Scaled Net Operating Assets is 0.48. Overall, Betr Entertainment has a GF Score™ of 31/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Betr Entertainment's Scaled Net Operating Assets compare to FLUT and DKNG?
Betr Entertainment's Scaled Net Operating Assets of 0.48 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Betr Entertainment and its competitors. Betr Entertainment's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Betr Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Betr Entertainment (ASX:BBT) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.13, compared to a current price of A$0.17 — trading 26.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.48. Betr Entertainment's overall GF Score™ is 31/100 with 7 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 Betr Entertainment (ASX:BBT), the current Scaled Net Operating Assets is 0.48 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 Betr Entertainment (ASX:BBT) Overvalued in 2026?

Based on GuruFocus' analysis, Betr Entertainment stock appears to be overvalued. The current stock price of A$0.17 is trading 26.9% above its estimated GF Value™ of A$0.13. GuruFocus considers Betr Entertainment to be Modestly Overvalued.

Key valuation signals for ASX:BBT:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: A$0.13 vs. price of A$0.17 (26.9% above fair value)
  • GF Score™: 31/100 with 7 warning signs

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


Betr Entertainment Business Description

Other Exchanges 9RT:Germany
Address 8 Spring Street, Level 9, Sydney, NSW, AUS, 2000
Betr Entertainment Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. The group's operating segments are: Australia, which generates the maximum revenue, and Corporate.
31GF Score

Get the complete analysis for ASX:BBT

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

A$0.17
Price
A$0.13
GF Value