Global Masters Fund (ASX:GFL) Scaled Net Operating Assets: 0.77 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:GFL Global Masters Fund Ltd ASX:GFL
16 GF Score
Price A$2.90
View Full Analysis

What is Global Masters Fund Scaled Net Operating Assets?

Global Masters Fund ASX:GFL 16 Scaled Net Operating Assets is 0.77 as of Dec. 2025. GuruFocus rates ASX:GFL with a GF Score™ of 16/100.

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

Global Masters Fund's operating assets for the quarter that ended in Dec. 2025 was A$60.65 Mil. Global Masters Fund's operating liabilities for the quarter that ended in Dec. 2025 was A$11.44 Mil. Global Masters Fund's Total Assets for the quarter that ended in Jun. 2025 was A$64.24 Mil. Therefore, Global Masters Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.77.

ASX:GFL
16GF Score
Global Masters Fund Ltd ASX:GFL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Masters Fund 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.

Global Masters Fund'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 )
=(61.486-11.714)/54.465
=0.91

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=64.236 - 2.75
=61.486

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20.567 - 8.853 - 0
=11.714

Global Masters Fund'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 )
=(60.645-11.438)/64.236
=0.77

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=63.271 - 2.626
=60.645

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19.489 - 8.051 - 0
=11.438

* 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 0.77 mean?
Global Masters Fund (ASX:GFL) has a Scaled Net Operating Assets of 0.77 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 Global Masters Fund and its competitors.
Is Global Masters Fund's Scaled Net Operating Assets too high?
Global Masters Fund's current Scaled Net Operating Assets is 0.77. Overall, Global Masters Fund has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Global Masters Fund's Scaled Net Operating Assets compare to BLK and BX?
Global Masters Fund's Scaled Net Operating Assets of 0.77 can be compared against companies in the Asset Management 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 Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Global Masters Fund and its competitors. Global Masters Fund's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Masters Fund stock overvalued right now?
Global Masters Fund (ASX:GFL) has a current Scaled Net Operating Assets of 0.77. The current Scaled Net Operating Assets is 0.77. Global Masters Fund's overall GF Score™ is 16/100. 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 Global Masters Fund (ASX:GFL), the current Scaled Net Operating Assets is 0.77 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.

Global Masters Fund Business Description

Address 2 Corporate Court, Level 12, Corporate Centre One, Bundall, Gold Coast, QLD, AUS, 4217
Global Masters Fund Ltd is an Australian investment company. It invests in Berkshire Hathaway Inc on the NYSE and has a diversified portfolio of investments. Its core business focuses on investing in International equities to achieve medium to long-term capital growth and income.
16GF Score

Get the complete analysis for ASX:GFL

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

A$2.90
Price