hipages Group Holdings (ASX:HPG) Scaled Net Operating Assets: 0.37 (As of Dec. 2025)


ASX:HPG hipages Group Holdings Ltd ASX:HPG
50 GF Score
Price A$0.71
GF Value A$1.30
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is hipages Group Holdings Scaled Net Operating Assets?

hipages Group Holdings ASX:HPG 50 Scaled Net Operating Assets is 0.37 as of Dec. 2025. GuruFocus rates ASX:HPG with a GF Score™ of 50/100 and a GF Value™ of A$1.30 (Significantly Undervalued). The stock has 1 warning sign investors should review.

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

hipages Group Holdings's operating assets for the quarter that ended in Dec. 2025 was A$40.33 Mil. hipages Group Holdings's operating liabilities for the quarter that ended in Dec. 2025 was A$15.02 Mil. hipages Group Holdings's Total Assets for the quarter that ended in Jun. 2025 was A$67.71 Mil. Therefore, hipages Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.37.


hipages Group Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for hipages Group Holdings'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.

hipages Group Holdings Scaled Net Operating Assets Chart

hipages Group Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.26 0.69 0.52 0.36 0.39

hipages Group Holdings Semi-Annual Data
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 0.47 0.37 0.44 0.39 0.37

ASX:HPG vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, hipages Group Holdings'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.


hipages Group Holdings Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, hipages Group Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:HPG
50GF Score
hipages Group Holdings Ltd ASX:HPG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

hipages Group Holdings 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.

hipages Group Holdings'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 )
=(40.618-15.584)/63.811
=0.39

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=67.712 - 27.094
=40.618

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24.558 - 7.13 - 1.844
=15.584

hipages Group Holdings'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 )
=(40.332-15.017)/67.712
=0.37

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=70.202 - 29.87
=40.332

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23.279 - 6.307 - 1.955
=15.017

* 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 0.37 mean?
hipages Group Holdings (ASX:HPG) has a Scaled Net Operating Assets of 0.37 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 hipages Group Holdings and its competitors.
Is hipages Group Holdings' Scaled Net Operating Assets too high?
hipages Group Holdings' current Scaled Net Operating Assets is 0.37. Overall, hipages Group Holdings has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does hipages Group Holdings' Scaled Net Operating Assets compare to UBER and SHOP?
hipages Group Holdings' Scaled Net Operating Assets of 0.37 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 hipages Group Holdings and its competitors. hipages Group Holdings's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is hipages Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, hipages Group Holdings (ASX:HPG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.30, compared to a current price of A$0.71 — trading 45.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.37. hipages Group Holdings' overall GF Score™ is 50/100 with 1 warning sign 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 hipages Group Holdings (ASX:HPG), the current Scaled Net Operating Assets is 0.37 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 hipages Group Holdings (ASX:HPG) Overvalued in 2026?

Based on GuruFocus' analysis, hipages Group Holdings stock appears to be undervalued. The current stock price of A$0.71 is trading 45.8% below its estimated GF Value™ of A$1.30. GuruFocus considers hipages Group Holdings to be Significantly Undervalued.

Key valuation signals for ASX:HPG:

  • Scaled Net Operating Assets: 0.37
  • GF Value™: A$1.30 vs. price of A$0.71 (45.8% below fair value)
  • GF Score™: 50/100 with 1 warning sign

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


hipages Group Holdings Business Description

Address 255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000
hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (Hipages online tradie platform) and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.
50GF Score

Get the complete analysis for ASX:HPG

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

A$0.71
Price
A$1.30
GF Value