Kelly Partners Group Holdings (ASX:KPG) Scaled Net Operating Assets: 0.90 (As of Dec. 2025)


ASX:KPG Kelly Partners Group Holdings Ltd ASX:KPG
70 GF Score
Price A$4.03
GF Value A$11.34
Valuation Possible Value Trap
! 6 Warning Signs
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What is Kelly Partners Group Holdings Scaled Net Operating Assets?

Kelly Partners Group Holdings ASX:KPG +6.90% 70 Scaled Net Operating Assets is 0.90 as of Dec. 2025. GuruFocus rates ASX:KPG with a GF Score™ of 70/100 and a GF Value™ of A$11.34 (Possible Value Trap). 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.

Kelly Partners Group Holdings's operating assets for the quarter that ended in Dec. 2025 was A$220.3 Mil. Kelly Partners Group Holdings's operating liabilities for the quarter that ended in Dec. 2025 was A$41.2 Mil. Kelly Partners Group Holdings's Total Assets for the quarter that ended in Jun. 2025 was A$199.0 Mil. Therefore, Kelly Partners Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.90.


Kelly Partners Group Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kelly Partners 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.

Kelly Partners Group Holdings Scaled Net Operating Assets Chart

Kelly Partners Group Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.92 1.20 0.96 0.97 1.01

Kelly Partners Group Holdings Semi-Annual Data
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 0.90 0.84 0.92 0.84 0.90

ASX:KPG vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Kelly Partners 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.


Kelly Partners Group Holdings Scaled Net Operating Assets vs Business Services Industry

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

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


ASX:KPG
70GF Score
Kelly Partners Group Holdings Ltd ASX:KPG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kelly Partners 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.

Kelly Partners 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 )
=(192.09-30.599)/159.316
=1.01

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=198.957 - 6.867
=192.09

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=132.481 - 73.166 - 28.716
=30.599

Kelly Partners 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 )
=(220.342-41.222)/198.957
=0.90

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=233.63 - 13.288
=220.342

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=161.97 - 67.93 - 52.818
=41.222

* 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 0.90 mean?
Kelly Partners Group Holdings (ASX:KPG) has a Scaled Net Operating Assets of 0.90 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 Kelly Partners Group Holdings and its competitors.
Is Kelly Partners Group Holdings' Scaled Net Operating Assets too high?
Kelly Partners Group Holdings' current Scaled Net Operating Assets is 0.90. Overall, Kelly Partners Group Holdings has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kelly Partners Group Holdings' Scaled Net Operating Assets compare to CTAS and CPRT?
Kelly Partners Group Holdings' Scaled Net Operating Assets of 0.90 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 Kelly Partners Group Holdings and its competitors. Kelly Partners Group Holdings's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelly Partners Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kelly Partners Group Holdings (ASX:KPG) is currently considered Possible Value Trap. The stock's GF Value™ is A$11.34, compared to a current price of A$4.03 — trading 64.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.90. Kelly Partners Group Holdings' overall GF Score™ is 70/100 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 Kelly Partners Group Holdings (ASX:KPG), the current Scaled Net Operating Assets is 0.90 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 Kelly Partners Group Holdings (ASX:KPG) Overvalued in 2026?

Based on GuruFocus' analysis, Kelly Partners Group Holdings stock appears to be undervalued. The current stock price of A$4.03 is trading 64.5% below its estimated GF Value™ of A$11.34. GuruFocus considers Kelly Partners Group Holdings to be Possible Value Trap.

Key valuation signals for ASX:KPG:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: A$11.34 vs. price of A$4.03 (64.5% below fair value)
  • GF Score™: 70/100 with 6 warning signs

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


Kelly Partners Group Holdings Business Description

Other Exchanges KPGHF:USA
Address 32 Walker Street, Level 8, North Sydney, Sydney, NSW, AUS, 2060
Kelly Partners Group Holdings Ltd operates a chartered accounting business which assists small and medium enterprises, private business owners and high net worth individuals to manage their accounting, taxation, audit, and wealth management activities. The company's operating segment include Accounting and Other services. It generates maximum revenue from the Accounting segment. The Accounting segment that derives maximum revenue includes accounting and taxation services, corporate secretarial, outsourced CFO, audits, business structuring, bookkeeping, and all other accounting related services. Other services segment includes financial broking services, wealth management, corporate advisory, investment office, and all other non-accounting services.
70GF 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$4.03
Price
A$11.34
GF Value