Capricorn Metals (ASX:CMM) Scaled Net Operating Assets: 0.81 (As of Dec. 2025)


ASX:CMM Capricorn Metals Ltd ASX:CMM
63 GF Score
Price A$12.25
GF Value A$10.46
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Capricorn Metals Scaled Net Operating Assets?

Capricorn Metals ASX:CMM +1.07% 63 Scaled Net Operating Assets is 0.81 as of Dec. 2025. GuruFocus rates ASX:CMM with a GF Score™ of 63/100 and a GF Value™ of A$10.46 (Modestly Overvalued). The stock has 1 warning sign investors should review.

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

Capricorn Metals's operating assets for the quarter that ended in Dec. 2025 was A$1,166.3 Mil. Capricorn Metals's operating liabilities for the quarter that ended in Dec. 2025 was A$319.3 Mil. Capricorn Metals's Total Assets for the quarter that ended in Jun. 2025 was A$1,039.7 Mil. Therefore, Capricorn Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.81.


Capricorn Metals Scaled Net Operating Assets Historical Data

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The historical data trend for Capricorn Metals'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.

Capricorn Metals Scaled Net Operating Assets Chart

Capricorn Metals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 0.96 0.54 0.41 0.76

Capricorn Metals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 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 0.44 0.36 0.43 0.51 0.82

ASX:CMM vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Capricorn Metals'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.


Capricorn Metals Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Capricorn Metals's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:CMM
63GF Score
Capricorn Metals Ltd ASX:CMM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Capricorn Metals 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.

Capricorn Metals'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 )
=(683.821-226.675)/602.507
=0.76

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1039.687 - 355.866
=683.821

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=258.478 - 21.66 - 10.143
=226.675

Capricorn Metals'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 )
=(1166.344-319.298)/1039.687
=0.81

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1608.224 - 441.88
=1166.344

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=344.404 - 19.082 - 6.024
=319.298

* 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 0.81 mean?
Capricorn Metals (ASX:CMM) has a Scaled Net Operating Assets of 0.81 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 Capricorn Metals and its competitors.
Is Capricorn Metals' Scaled Net Operating Assets too high?
Capricorn Metals' current Scaled Net Operating Assets is 0.81. Overall, Capricorn Metals has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capricorn Metals' Scaled Net Operating Assets compare to NEM and AU?
Capricorn Metals' Scaled Net Operating Assets of 0.81 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Capricorn Metals and its competitors. Capricorn Metals's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capricorn Metals stock overvalued right now?
Based on GuruFocus' analysis, Capricorn Metals (ASX:CMM) is currently considered Modestly Overvalued. The stock's GF Value™ is A$10.46, compared to a current price of A$12.25 — trading 17.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.81. Capricorn Metals' overall GF Score™ is 63/100 with 1 warning sign 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 Capricorn Metals (ASX:CMM), the current Scaled Net Operating Assets is 0.81 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 Capricorn Metals (ASX:CMM) Overvalued in 2026?

Based on GuruFocus' analysis, Capricorn Metals stock appears to be overvalued. The current stock price of A$12.25 is trading 17.1% above its estimated GF Value™ of A$10.46. GuruFocus considers Capricorn Metals to be Modestly Overvalued.

Key valuation signals for ASX:CMM:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: A$10.46 vs. price of A$12.25 (17.1% above fair value)
  • GF Score™: 63/100 with 1 warning sign

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


Capricorn Metals Business Description

Other Exchanges CRNLF:USAMGM:Germany
Address Level 3, 40 Kings Park Road, West Perth, Perth, WA, AUS, 6005
Capricorn Metals Ltd is a mineral exploration and project evaluation company. The company's reportable segments includes the Karlawinda gold project and the Mount Gibson Gold project. It derives maximum revenue from Karlawinda gold project.
63GF 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$12.25
Price
A$10.46
GF Value