Cromwell Property Group (ASX:CMW) Scaled Net Operating Assets: 0.97 (As of Dec. 2025)


ASX:CMW Cromwell Property Group ASX:CMW
49 GF Score
Price A$0.44
GF Value A$0.36
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Cromwell Property Group Scaled Net Operating Assets?

Cromwell Property Group ASX:CMW -2.25% 49 Scaled Net Operating Assets is 0.97 as of Dec. 2025. GuruFocus rates ASX:CMW with a GF Score™ of 49/100 and a GF Value™ of A$0.36 (Modestly Overvalued). The stock has 9 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.

Cromwell Property Group's operating assets for the quarter that ended in Dec. 2025 was A$2,348.3 Mil. Cromwell Property Group's operating liabilities for the quarter that ended in Dec. 2025 was A$151.2 Mil. Cromwell Property Group's Total Assets for the quarter that ended in Jun. 2025 was A$2,270.4 Mil. Therefore, Cromwell Property Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.97.


Cromwell Property Group Scaled Net Operating Assets Historical Data

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The historical data trend for Cromwell Property Group'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.

Cromwell Property Group Scaled Net Operating Assets Chart

Cromwell Property Group 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 0.94 0.92 0.78 0.64 0.67

Cromwell Property Group 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 0.79 0.70 0.69 0.72 0.97

ASX:CMW vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Cromwell Property Group'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.


Cromwell Property Group Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Cromwell Property Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Cromwell Property Group's Scaled Net Operating Assets falls into.


ASX:CMW
49GF Score
Cromwell Property Group ASX:CMW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cromwell Property 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.

Cromwell Property Group'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 )
=(2191.1-140.6)/3083
=0.67

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2270.4 - 79.3
=2191.1

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=816.5 - 675.3 - 0.6
=140.6

Cromwell Property 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 )
=(2348.3-151.2)/2270.4
=0.97

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2401.8 - 53.5
=2348.3

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=887.8 - 736.1 - 0.5
=151.2

* 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 0.97 mean?
Cromwell Property Group (ASX:CMW) has a Scaled Net Operating Assets of 0.97 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 Cromwell Property Group and its competitors.
Is Cromwell Property Group's Scaled Net Operating Assets too high?
Cromwell Property Group's current Scaled Net Operating Assets is 0.97. Overall, Cromwell Property Group has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cromwell Property Group's Scaled Net Operating Assets compare to BXP and ARE?
Cromwell Property Group's Scaled Net Operating Assets of 0.97 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Cromwell Property Group and its competitors. Cromwell Property Group's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cromwell Property Group stock overvalued right now?
Based on GuruFocus' analysis, Cromwell Property Group (ASX:CMW) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.36, compared to a current price of A$0.44 — trading 20.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.97. Cromwell Property Group's overall GF Score™ is 49/100 with 9 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 Cromwell Property Group (ASX:CMW), the current Scaled Net Operating Assets is 0.97 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 Cromwell Property Group (ASX:CMW) Overvalued in 2026?

Based on GuruFocus' analysis, Cromwell Property Group stock appears to be overvalued. The current stock price of A$0.44 is trading 20.8% above its estimated GF Value™ of A$0.36. GuruFocus considers Cromwell Property Group to be Modestly Overvalued.

Key valuation signals for ASX:CMW:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: A$0.36 vs. price of A$0.44 (20.8% above fair value)
  • GF Score™: 49/100 with 9 warning signs

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


Cromwell Property Group Business Description

Industry Real EstateREITs
Address 100 Creek Street, Level 10, Brisbane, QLD, AUS, 4000
Cromwell Property Group is an internally managed Australian real estate investment trust. It owns a property portfolio of mostly Australian offices, and also develops and manages properties on behalf of third-party investors in Australia and New Zealand. The group has sold or is in the process of selling its European business in 2024, and once complete, Cromwell's gearing should reduce substantially. This additional financial strength means the business could shift in a variety of directions. Management vows to operate as a capital-light investment manager with a domestic focus. As of Dec. 31, 2025, the funds platform managed third-party assets of AUD 2.8 billion across Australia and New Zealand.
49GF Score

Get the complete analysis for ASX:CMW

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

A$0.44
Price
A$0.36
GF Value