COG Financial Services (ASX:COG) Scaled Net Operating Assets: 0.43 (As of Dec. 2025)


ASX:COG COG Financial Services Ltd ASX:COG
36 GF Score
Price A$1.43
GF Value A$0.76
Valuation Significantly Overvalued
! 4 Warning Signs
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What is COG Financial Services Scaled Net Operating Assets?

COG Financial Services ASX:COG +1.42% 36 Scaled Net Operating Assets is 0.43 as of Dec. 2025. GuruFocus rates ASX:COG with a GF Score™ of 36/100 and a GF Value™ of A$0.76 (Significantly Overvalued). 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.

COG Financial Services's operating assets for the quarter that ended in Dec. 2025 was A$457.2 Mil. COG Financial Services's operating liabilities for the quarter that ended in Dec. 2025 was A$158.3 Mil. COG Financial Services's Total Assets for the quarter that ended in Jun. 2025 was A$694.8 Mil. Therefore, COG Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.43.

ASX:COG
36GF Score
COG Financial Services Ltd ASX:COG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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COG Financial Services 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.

COG Financial Services'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 )
=(545.55-112.318)/687.118
=0.63

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=694.801 - 149.251
=545.55

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=488.295 - 141.878 - 234.099
=112.318

COG Financial Services'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 )
=(457.181-158.308)/694.801
=0.43

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=737.999 - 280.818
=457.181

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=536.473 - 162.623 - 215.542
=158.308

* 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 0.43 mean?
COG Financial Services (ASX:COG) has a Scaled Net Operating Assets of 0.43 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 COG Financial Services and its competitors.
Is COG Financial Services' Scaled Net Operating Assets too high?
COG Financial Services' current Scaled Net Operating Assets is 0.43. Overall, COG Financial Services has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COG Financial Services' Scaled Net Operating Assets compare to MS and GS?
COG Financial Services' Scaled Net Operating Assets of 0.43 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 COG Financial Services and its competitors. COG Financial Services's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, COG Financial Services (ASX:COG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.76, compared to a current price of A$1.43 — trading 88.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. COG Financial Services' overall GF Score™ is 36/100 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 COG Financial Services (ASX:COG), the current Scaled Net Operating Assets is 0.43 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 COG Financial Services (ASX:COG) Overvalued in 2026?

Based on GuruFocus' analysis, COG Financial Services stock appears to be overvalued. The current stock price of A$1.43 is trading 88.2% above its estimated GF Value™ of A$0.76. GuruFocus considers COG Financial Services to be Significantly Overvalued.

Key valuation signals for ASX:COG:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: A$0.76 vs. price of A$1.43 (88.2% above fair value)
  • GF Score™: 36/100 with 4 warning signs

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

COG Financial Services Business Description

Address 72 Archer Street, Level 1, Chatswood, Sydney, NSW, AUS, 2067
COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share by investing in complementary entities and growing existing businesses that specialise in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on products finance and asset types; Novated Leasing; Asset Management and Lending activities, and others.
36GF 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$1.43
Price
A$0.76
GF Value