Bell Financial Group (ASX:BFG) Scaled Net Operating Assets: 0.56 (As of Dec. 2025)


ASX:BFG Bell Financial Group Ltd ASX:BFG
58 GF Score
Price A$1.43
GF Value A$1.55
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Bell Financial Group Scaled Net Operating Assets?

Bell Financial Group ASX:BFG -1.04% 58 Scaled Net Operating Assets is 0.56 as of Dec. 2025. GuruFocus rates ASX:BFG with a GF Score™ of 58/100 and a GF Value™ of A$1.55 (Fairly Valued). The stock has 4 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.

Bell Financial Group's operating assets for the quarter that ended in Dec. 2025 was A$883.9 Mil. Bell Financial Group's operating liabilities for the quarter that ended in Dec. 2025 was A$199.9 Mil. Bell Financial Group's Total Assets for the quarter that ended in Jun. 2025 was A$1,225.4 Mil. Therefore, Bell Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.56.

ASX:BFG
58GF Score
Bell Financial Group Ltd ASX:BFG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bell Financial Group 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.

Bell Financial Group'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 )
=(887.479-199.887)/1053.965
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1121.662 - 234.183
=887.479

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=866.821 - 0 - 666.934
=199.887

Bell Financial Group'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 )
=(883.919-199.887)/1225.448
=0.56

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1121.662 - 237.743
=883.919

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=866.821 - 0 - 666.934
=199.887

* 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 0.56 mean?
Bell Financial Group (ASX:BFG) has a Scaled Net Operating Assets of 0.56 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 Bell Financial Group and its competitors.
Is Bell Financial Group's Scaled Net Operating Assets too high?
Bell Financial Group's current Scaled Net Operating Assets is 0.56. Overall, Bell Financial Group has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bell Financial Group's Scaled Net Operating Assets compare to MS and GS?
Bell Financial Group's Scaled Net Operating Assets of 0.56 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Bell Financial Group and its competitors. Bell Financial Group's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Bell Financial Group (ASX:BFG) is currently considered Fairly Valued. The stock's GF Value™ is A$1.55, compared to a current price of A$1.43 — trading 8.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. Bell Financial Group's overall GF Score™ is 58/100 with 4 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 Bell Financial Group (ASX:BFG), the current Scaled Net Operating Assets is 0.56 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 Bell Financial Group (ASX:BFG) Overvalued in 2026?

Based on GuruFocus' analysis, Bell Financial Group stock appears to be undervalued. The current stock price of A$1.43 is trading 8.1% below its estimated GF Value™ of A$1.55. GuruFocus considers Bell Financial Group to be Fairly Valued.

Key valuation signals for ASX:BFG:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: A$1.55 vs. price of A$1.43 (8.1% below fair value)
  • GF Score™: 58/100 with 4 warning signs

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

Bell Financial Group Business Description

Address 101 Collins Street, Level 29, Melbourne, VIC, AUS, 3000
Bell Financial Group Ltd is a capital market service provider based in Australia. It is engaged in providing stockbroking, investment, and financial advisory services to private, institutional, and corporate clients. The reporting segments of the company are: Technology & Platforms, Products & Services, and Broking. Maximum revenue is generated from the Broking segment, which includes traditional retail client broking (Retail client focus) and traditional wholesale client broking services (Institutional and Wholesale client focus). The Technology & Platforms segment includes proprietary technology and platforms, including online broking, and the Products & Services segment represents its margin lending, cash, portfolio administration, and superannuation solutions products and services.
58GF Score

Get the complete analysis for ASX:BFG

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

A$1.43
Price
A$1.55
GF Value