MFF Capital Investments (ASX:MFF) Scaled Net Operating Assets: -0.17 (As of Dec. 2025)


ASX:MFF MFF Capital Investments Ltd ASX:MFF
49 GF Score
Price A$5.07
GF Value A$2.23
Valuation Significantly Overvalued
! 3 Warning Signs
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What is MFF Capital Investments Scaled Net Operating Assets?

MFF Capital Investments ASX:MFF +1.00% 49 Scaled Net Operating Assets is -0.17 as of Dec. 2025. GuruFocus rates ASX:MFF with a GF Score™ of 49/100 and a GF Value™ of A$2.23 (Significantly Overvalued). 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.

MFF Capital Investments's operating assets for the quarter that ended in Dec. 2025 was A$12.6 Mil. MFF Capital Investments's operating liabilities for the quarter that ended in Dec. 2025 was A$500.6 Mil. MFF Capital Investments's Total Assets for the quarter that ended in Jun. 2025 was A$2,952.7 Mil. Therefore, MFF Capital Investments's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.17.

ASX:MFF
49GF Score
MFF Capital Investments Ltd ASX:MFF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MFF Capital Investments 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.

MFF Capital Investments'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 )
=(2753.217-504.566)/2646.451
=0.85

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2952.719 - 199.502
=2753.217

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=511.405 - 6.746 - 0.093
=504.566

MFF Capital Investments'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 )
=(12.57-500.624)/2952.719
=-0.17

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3129.27 - 3116.7
=12.57

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=515.321 - 8.481 - 6.216
=500.624

* 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 -0.17 mean?
MFF Capital Investments (ASX:MFF) has a Scaled Net Operating Assets of -0.17 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 MFF Capital Investments and its competitors.
Is MFF Capital Investments' Scaled Net Operating Assets too high?
MFF Capital Investments' current Scaled Net Operating Assets is -0.17. Overall, MFF Capital Investments has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MFF Capital Investments' Scaled Net Operating Assets compare to BLK and BX?
MFF Capital Investments' Scaled Net Operating Assets of -0.17 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 MFF Capital Investments and its competitors. MFF Capital Investments's current Scaled Net Operating Assets is -0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFF Capital Investments stock overvalued right now?
Based on GuruFocus' analysis, MFF Capital Investments (ASX:MFF) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.23, compared to a current price of A$5.07 — trading 127.4% above its estimated fair value. The current Scaled Net Operating Assets is -0.17. MFF Capital Investments' overall GF Score™ is 49/100 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 MFF Capital Investments (ASX:MFF), the current Scaled Net Operating Assets is -0.17 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 MFF Capital Investments (ASX:MFF) Overvalued in 2026?

Based on GuruFocus' analysis, MFF Capital Investments stock appears to be overvalued. The current stock price of A$5.07 is trading 127.4% above its estimated GF Value™ of A$2.23. GuruFocus considers MFF Capital Investments to be Significantly Overvalued.

Key valuation signals for ASX:MFF:

  • Scaled Net Operating Assets: -0.17
  • GF Value™: A$2.23 vs. price of A$5.07 (127.4% above fair value)
  • GF Score™: 49/100 with 3 warning signs

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

MFF Capital Investments Business Description

Address 25 Martin Place, Level 36, Sydney, NSW, AUS, 2000
MFF Capital Investments Ltd is an asset management company. The company invests in a minimum of twenty exchange-listed international and Australian companies. The company's investments are managed on a single portfolio basis, and in one business segment being equity investment, and in one geographic segment, Australia. The investment objective of the firm is to maximize compound risk-adjusted after-tax returns for shareholders by identifying and investing in a minimum of 20 stock exchange listed international and Australian companies with a focus upon those assessed to have attractive business characteristics at a discount to their assessed intrinsic values.
49GF Score

Get the complete analysis for ASX:MFF

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

A$5.07
Price
A$2.23
GF Value