GR Engineering Services (ASX:GNG) Scaled Net Operating Assets: -0.05 (As of Dec. 2025)


ASX:GNG GR Engineering Services Ltd ASX:GNG
76 GF Score
Price A$4.84
GF Value A$2.82
Valuation Significantly Overvalued
! 5 Warning Signs
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What is GR Engineering Services Scaled Net Operating Assets?

GR Engineering Services ASX:GNG +0.62% 76 Scaled Net Operating Assets is -0.05 as of Dec. 2025. GuruFocus rates ASX:GNG with a GF Score™ of 76/100 and a GF Value™ of A$2.82 (Significantly Overvalued). 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.

GR Engineering Services's operating assets for the quarter that ended in Dec. 2025 was A$121.7 Mil. GR Engineering Services's operating liabilities for the quarter that ended in Dec. 2025 was A$130.4 Mil. GR Engineering Services's Total Assets for the quarter that ended in Jun. 2025 was A$192.5 Mil. Therefore, GR Engineering Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.05.


GR Engineering Services Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for GR Engineering Services'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.

GR Engineering Services Scaled Net Operating Assets Chart

GR Engineering Services 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 -0.09 -0.23 -0.08 0.00 0.03

GR Engineering Services 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 0.05 0.01 -0.12 0.03 -0.05

GR Engineering Services Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, GR Engineering Services'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.


GR Engineering Services Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, GR Engineering Services's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:GNG
76GF Score
GR Engineering Services Ltd ASX:GNG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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GR Engineering 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.

GR Engineering 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 )
=(121.547-114.481)/226.755
=0.03

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=192.506 - 70.959
=121.547

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=123.658 - 6.696 - 2.481
=114.481

GR Engineering 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 )
=(121.675-130.418)/192.506
=-0.05

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=208.185 - 86.51
=121.675

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=137.807 - 5.439 - 1.95
=130.418

* 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 -0.05 mean?
GR Engineering Services (ASX:GNG) has a Scaled Net Operating Assets of -0.05 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 GR Engineering Services and its competitors.
Is GR Engineering Services' Scaled Net Operating Assets too high?
GR Engineering Services' current Scaled Net Operating Assets is -0.05. Overall, GR Engineering Services has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GR Engineering Services' Scaled Net Operating Assets compare to competitors?
GR Engineering Services' Scaled Net Operating Assets of -0.05 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 GR Engineering Services and its competitors. GR Engineering Services's current Scaled Net Operating Assets is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GR Engineering Services stock overvalued right now?
Based on GuruFocus' analysis, GR Engineering Services (ASX:GNG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.82, compared to a current price of A$4.84 — trading 71.6% above its estimated fair value. The current Scaled Net Operating Assets is -0.05. GR Engineering Services' overall GF Score™ is 76/100 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 GR Engineering Services (ASX:GNG), the current Scaled Net Operating Assets is -0.05 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 GR Engineering Services (ASX:GNG) Overvalued in 2026?

Based on GuruFocus' analysis, GR Engineering Services stock appears to be overvalued. The current stock price of A$4.84 is trading 71.6% above its estimated GF Value™ of A$2.82. GuruFocus considers GR Engineering Services to be Significantly Overvalued.

Key valuation signals for ASX:GNG:

  • Scaled Net Operating Assets: -0.05
  • GF Value™: A$2.82 vs. price of A$4.84 (71.6% above fair value)
  • GF Score™: 76/100 with 5 warning signs

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


GR Engineering Services Business Description

Address 71 Daly Street, Ascot, Perth, WA, AUS, 6104
GR Engineering Services Ltd provides process engineering, detailed engineering design, process control, and automation design and construction services to the mining and mineral processing industry. In addition, it also provides operations, maintenance, engineering, and advisory services to the energy sector. The company has been a part of several projects, including the Mungari Future Growth Project, Kathleen Valley Lithium Backfill Project, and the Woodlawn Restart Project, among others. It operates in two segments: Mineral Processing and Oil and Gas. Key revenue is derived from the Mineral processing segment, which includes Engineering, Procurement, and Construction (EPC) contracts of mineral projects. Geographically, the group derives maximum revenue from its business in Australia.
76GF 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$4.84
Price
A$2.82
GF Value