Netwealth Group (ASX:NWL) Scaled Net Operating Assets: -0.08 (As of Dec. 2025)


ASX:NWL Netwealth Group Ltd ASX:NWL
88 GF Score
Price A$20.50
GF Value A$35.14
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Netwealth Group Scaled Net Operating Assets?

Netwealth Group ASX:NWL +3.07% 88 Scaled Net Operating Assets is -0.08 as of Dec. 2025. GuruFocus rates ASX:NWL with a GF Score™ of 88/100 and a GF Value™ of A$35.14 (Significantly Undervalued). The stock has 2 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.

Netwealth Group's operating assets for the quarter that ended in Dec. 2025 was A$123.0 Mil. Netwealth Group's operating liabilities for the quarter that ended in Dec. 2025 was A$144.4 Mil. Netwealth Group's Total Assets for the quarter that ended in Jun. 2025 was A$257.3 Mil. Therefore, Netwealth Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.08.

ASX:NWL
88GF Score
Netwealth Group Ltd ASX:NWL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Netwealth Group 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.

Netwealth Group'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 )
=(108.8-44.677)/189.486
=0.34

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=257.318 - 148.518
=108.8

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58.181 - 11.507 - 1.997
=44.677

Netwealth Group'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 )
=(123.026-144.375)/257.318
=-0.08

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=306.452 - 183.426
=123.026

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=156.895 - 10.441 - 2.079
=144.375

* 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 -0.08 mean?
Netwealth Group (ASX:NWL) has a Scaled Net Operating Assets of -0.08 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 Netwealth Group and its competitors.
Is Netwealth Group's Scaled Net Operating Assets too high?
Netwealth Group's current Scaled Net Operating Assets is -0.08. Overall, Netwealth Group has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's Scaled Net Operating Assets compare to UBER and SHOP?
Netwealth Group's Scaled Net Operating Assets of -0.08 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 Netwealth Group and its competitors. Netwealth Group's current Scaled Net Operating Assets is -0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$35.14, compared to a current price of A$20.50 — trading 41.7% below its estimated fair value. The current Scaled Net Operating Assets is -0.08. Netwealth Group's overall GF Score™ is 88/100 with 2 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 Netwealth Group (ASX:NWL), the current Scaled Net Operating Assets is -0.08 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 Netwealth Group (ASX:NWL) Overvalued in 2026?

Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued. The current stock price of A$20.50 is trading 41.7% below its estimated GF Value™ of A$35.14. GuruFocus considers Netwealth Group to be Significantly Undervalued.

Key valuation signals for ASX:NWL:

  • Scaled Net Operating Assets: -0.08
  • GF Value™: A$35.14 vs. price of A$20.50 (41.7% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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

Netwealth Group Business Description

Address 180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
88GF 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$20.50
Price
A$35.14
GF Value