NGE Capital (ASX:NGE) Scaled Net Operating Assets: 0.99 (As of Dec. 2025)


ASX:NGE NGE Capital Ltd ASX:NGE
59 GF Score
Price A$1.23
GF Value A$2.55
Valuation Significantly Undervalued
! 1 Warning Sign
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What is NGE Capital Scaled Net Operating Assets?

NGE Capital ASX:NGE +0.41% 59 Scaled Net Operating Assets is 0.99 as of Dec. 2025. GuruFocus rates ASX:NGE with a GF Score™ of 59/100 and a GF Value™ of A$2.55 (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.

NGE Capital's operating assets for the quarter that ended in Dec. 2025 was A$53.95 Mil. NGE Capital's operating liabilities for the quarter that ended in Dec. 2025 was A$1.46 Mil. NGE Capital's Total Assets for the quarter that ended in Jun. 2025 was A$53.14 Mil. Therefore, NGE Capital's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.99.

ASX:NGE
59GF Score
NGE Capital Ltd ASX:NGE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NGE Capital 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.

NGE Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(53.953-1.458)/49.667
=1.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=61.301 - 7.348
=53.953

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.458 - 0 - 0
=1.458

NGE Capital'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 )
=(53.953-1.458)/53.142
=0.99

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=61.301 - 7.348
=53.953

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.458 - 0 - 0
=1.458

* 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 0.99 mean?
NGE Capital (ASX:NGE) has a Scaled Net Operating Assets of 0.99 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 NGE Capital and its competitors.
Is NGE Capital's Scaled Net Operating Assets too high?
NGE Capital's current Scaled Net Operating Assets is 0.99. Overall, NGE Capital has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NGE Capital's Scaled Net Operating Assets compare to BLK and BX?
NGE Capital's Scaled Net Operating Assets of 0.99 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 NGE Capital and its competitors. NGE Capital's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGE Capital stock overvalued right now?
Based on GuruFocus' analysis, NGE Capital (ASX:NGE) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.55, compared to a current price of A$1.23 — trading 52% below its estimated fair value. The current Scaled Net Operating Assets is 0.99. NGE Capital's overall GF Score™ is 59/100 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 NGE Capital (ASX:NGE), the current Scaled Net Operating Assets is 0.99 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 NGE Capital (ASX:NGE) Overvalued in 2026?

Based on GuruFocus' analysis, NGE Capital stock appears to be undervalued. The current stock price of A$1.23 is trading 52% below its estimated GF Value™ of A$2.55. GuruFocus considers NGE Capital to be Significantly Undervalued.

Key valuation signals for ASX:NGE:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: A$2.55 vs. price of A$1.23 (52% below fair value)
  • GF Score™: 59/100 with 1 warning sign

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

NGE Capital Business Description

Address 385 Bourke Street, Suite 2 Level 11, Melbourne, VIC, AUS, 3000
NGE Capital Ltd is an internally managed Listed Investment Company whose principal activities are making investments in listed and unlisted securities. The company is engaged solely in investment activities conducted from Australia, deriving revenue from dividend income, interest income, and the sale of investments.
59GF 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$1.23
Price
A$2.55
GF Value