London City Equities (ASX:LCE) Scaled Net Operating Assets: 0.40 (As of Dec. 2025)


ASX:LCE London City Equities Ltd ASX:LCE
68 GF Score
Price A$0.85
GF Value A$1.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is London City Equities Scaled Net Operating Assets?

London City Equities ASX:LCE 68 Scaled Net Operating Assets is 0.40 as of Dec. 2025. GuruFocus rates ASX:LCE with a GF Score™ of 68/100 and a GF Value™ of A$1.08 (Modestly Undervalued). The stock has 3 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.

London City Equities's operating assets for the quarter that ended in Dec. 2025 was A$13.76 Mil. London City Equities's operating liabilities for the quarter that ended in Dec. 2025 was A$2.99 Mil. London City Equities's Total Assets for the quarter that ended in Jun. 2025 was A$27.11 Mil. Therefore, London City Equities's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.40.

ASX:LCE
68GF Score
London City Equities Ltd ASX:LCE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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London City Equities 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.

London City Equities'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 )
=(27.064-2.49)/26.613
=0.92

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27.107 - 0.043
=27.064

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.49 - 0 - 0
=2.49

London City Equities'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 )
=(13.762-2.992)/27.107
=0.40

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=30.865 - 17.103
=13.762

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.992 - 0 - 0
=2.992

* 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 0.40 mean?
London City Equities (ASX:LCE) has a Scaled Net Operating Assets of 0.40 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 London City Equities and its competitors.
Is London City Equities' Scaled Net Operating Assets too high?
London City Equities' current Scaled Net Operating Assets is 0.40. Overall, London City Equities has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London City Equities' Scaled Net Operating Assets compare to BLK and BX?
London City Equities' Scaled Net Operating Assets of 0.40 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 London City Equities and its competitors. London City Equities's current Scaled Net Operating Assets is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London City Equities stock overvalued right now?
Based on GuruFocus' analysis, London City Equities (ASX:LCE) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.08, compared to a current price of A$0.85 — trading 21.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.40. London City Equities' overall GF Score™ is 68/100 with 3 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 London City Equities (ASX:LCE), the current Scaled Net Operating Assets is 0.40 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 London City Equities (ASX:LCE) Overvalued in 2026?

Based on GuruFocus' analysis, London City Equities stock appears to be undervalued. The current stock price of A$0.85 is trading 21.3% below its estimated GF Value™ of A$1.08. GuruFocus considers London City Equities to be Modestly Undervalued.

Key valuation signals for ASX:LCE:

  • Scaled Net Operating Assets: 0.40
  • GF Value™: A$1.08 vs. price of A$0.85 (21.3% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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

London City Equities Business Description

Address 111 Harrington Street, Level 2, Suite 212, The Rocks, Sydney, NSW, AUS, 2000
London City Equities Ltd is a holding company engaged in investing in Australian equities with market shares and offering growth. The company focuses on providing shareholders with attractive investment returns over the medium to longer terms by enhancing capital growth and paying dividends that, over time, grow faster than the rate of inflation. Its operating segments are Equity Investment, which is the company's key revenue-generating segment, and Other.
68GF 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$0.85
Price
A$1.08
GF Value