FOS Capital (ASX:FOS) Scaled Net Operating Assets: 0.67 (As of Dec. 2025)


ASX:FOS FOS Capital Ltd ASX:FOS
29 GF Score
Price A$0.11
GF Value A$0.24
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is FOS Capital Scaled Net Operating Assets?

FOS Capital ASX:FOS 29 Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus rates ASX:FOS with a GF Score™ of 29/100 and a GF Value™ of A$0.24 (Significantly Undervalued). The stock has 5 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.

FOS Capital's operating assets for the quarter that ended in Dec. 2025 was A$21.97 Mil. FOS Capital's operating liabilities for the quarter that ended in Dec. 2025 was A$4.66 Mil. FOS Capital's Total Assets for the quarter that ended in Jun. 2025 was A$25.67 Mil. Therefore, FOS Capital's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.67.


FOS Capital Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for FOS Capital'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.

FOS Capital Scaled Net Operating Assets Chart

FOS Capital Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
0.48 0.65 0.76 0.99 0.84

FOS Capital Semi-Annual Data
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 0.85 0.71 0.66 0.94 0.68

ASX:FOS vs VRT, BE, NVT: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, FOS Capital'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.


FOS Capital Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FOS Capital's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:FOS
29GF Score
FOS Capital Ltd ASX:FOS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FOS Capital 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.

FOS Capital'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 )
=(23.171-4.834)/21.782
=0.84

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25.671 - 2.5
=23.171

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.554 - 2.92 - 3.8
=4.834

FOS Capital'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 )
=(21.973-4.655)/25.671
=0.67

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23.66 - 1.687
=21.973

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10.523 - 2.143 - 3.725
=4.655

* 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 0.67 mean?
FOS Capital (ASX:FOS) has a Scaled Net Operating Assets of 0.67 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 FOS Capital and its competitors.
Is FOS Capital's Scaled Net Operating Assets too high?
FOS Capital's current Scaled Net Operating Assets is 0.67. Overall, FOS Capital has a GF Score™ of 29/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FOS Capital's Scaled Net Operating Assets compare to VRT and BE?
FOS Capital's Scaled Net Operating Assets of 0.67 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 FOS Capital and its competitors. FOS Capital's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FOS Capital stock overvalued right now?
Based on GuruFocus' analysis, FOS Capital (ASX:FOS) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.24, compared to a current price of A$0.11 — trading 56.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. FOS Capital's overall GF Score™ is 29/100 with 5 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 FOS Capital (ASX:FOS), the current Scaled Net Operating Assets is 0.67 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 FOS Capital (ASX:FOS) Overvalued in 2026?

Based on GuruFocus' analysis, FOS Capital stock appears to be undervalued. The current stock price of A$0.11 is trading 56.3% below its estimated GF Value™ of A$0.24. GuruFocus considers FOS Capital to be Significantly Undervalued.

Key valuation signals for ASX:FOS:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: A$0.24 vs. price of A$0.11 (56.3% below fair value)
  • GF Score™: 29/100 with 5 warning signs

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


FOS Capital Business Description

Address Rose Street, Unit 3B/41, Richmond, Melbourne, VIC, AUS, 3121
FOS Capital Ltd is engaged in the manufacturing of a full range of commercial luminaires, outdoor fittings, and linear extruded lighting, and the distribution of a complete range of commercial and architectural lighting solutions. The company is organised into two operating segments based on geographical locations, Australia and New Zealand. The majority of its revenue is generated from Australia.
29GF Score

Get the complete analysis for ASX:FOS

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

A$0.11
Price
A$0.24
GF Value