Count (ASX:CUP) Scaled Net Operating Assets: 0.39 (As of Dec. 2025)


ASX:CUP Count Ltd ASX:CUP
50 GF Score
Price A$1.05
GF Value A$0.77
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Count Scaled Net Operating Assets?

Count ASX:CUP +2.45% 50 Scaled Net Operating Assets is 0.39 as of Dec. 2025. GuruFocus rates ASX:CUP with a GF Score™ of 50/100 and a GF Value™ of A$0.77 (Significantly Overvalued). The stock has 6 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.

Count's operating assets for the quarter that ended in Dec. 2025 was A$441.1 Mil. Count's operating liabilities for the quarter that ended in Dec. 2025 was A$265.6 Mil. Count's Total Assets for the quarter that ended in Jun. 2025 was A$448.3 Mil. Therefore, Count's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.39.


Count Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Count'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.

Count Scaled Net Operating Assets Chart

Count 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 0.21 0.22 0.23 0.40 0.38

Count 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 0.26 0.50 0.38 0.38 0.39

ASX:CUP vs CTAS, CPRT, GPN: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Count'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.


Count Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Count's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:CUP
50GF Score
Count Ltd ASX:CUP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Count 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.

Count'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 )
=(425.045-259.204)/435.107
=0.38

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=448.271 - 23.226
=425.045

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=322.991 - 54.098 - 9.689
=259.204

Count'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 )
=(441.079-265.621)/448.271
=0.39

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=463.893 - 22.814
=441.079

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=329.207 - 52.12 - 11.466
=265.621

* 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 0.39 mean?
Count (ASX:CUP) has a Scaled Net Operating Assets of 0.39 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 Count and its competitors.
Is Count's Scaled Net Operating Assets too high?
Count's current Scaled Net Operating Assets is 0.39. Overall, Count has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Count's Scaled Net Operating Assets compare to CTAS and CPRT?
Count's Scaled Net Operating Assets of 0.39 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Count and its competitors. Count's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Count stock overvalued right now?
Based on GuruFocus' analysis, Count (ASX:CUP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.77, compared to a current price of A$1.05 — trading 35.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.39. Count's overall GF Score™ is 50/100 with 6 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 Count (ASX:CUP), the current Scaled Net Operating Assets is 0.39 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 Count (ASX:CUP) Overvalued in 2026?

Based on GuruFocus' analysis, Count stock appears to be overvalued. The current stock price of A$1.05 is trading 35.7% above its estimated GF Value™ of A$0.77. GuruFocus considers Count to be Significantly Overvalued.

Key valuation signals for ASX:CUP:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: A$0.77 vs. price of A$1.05 (35.7% above fair value)
  • GF Score™: 50/100 with 6 warning signs

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


Count Business Description

Address 45 Clarence Square, Level 11, Sydney, NSW, AUS, 2000
Count Ltd is Australia's leading network of integrated accounting and wealth services firms. The Group is organised into three operating segments:- Equity Partnerships, Wealth, and Services. The Equity Partnerships segment includes investments into firms that provide accounting, audit and assurance, taxation, financial planning services and business and corporate advisory services. The Wealth segment includes financial services and investment products provided by Australian Financial Services Licence (AFSL) holders. The Services segment includes services that support the activities of accounting and financial planning firms both internal and external to the Group's network. The company generates maximum of its revenue from Equity Partnerships segment.
50GF 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$1.05
Price
A$0.77
GF Value