Pengana International Equities Limited (ASX:PIA) Scaled Net Operating Assets: 0.94 (As of Dec. 2025)

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ASX:PIA Pengana International Equities Limited ASX:PIA
34 GF Score
Price A$1.09
! 2 Warning Signs
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What is Pengana International Equities Limited Scaled Net Operating Assets?

Pengana International Equities Limited ASX:PIA 34 Scaled Net Operating Assets is 0.94 as of Dec. 2025. GuruFocus rates ASX:PIA with a GF Score™ of 34/100. 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.

Pengana International Equities Limited's operating assets for the quarter that ended in Dec. 2025 was A$355.75 Mil. Pengana International Equities Limited's operating liabilities for the quarter that ended in Dec. 2025 was A$12.26 Mil. Pengana International Equities Limited's Total Assets for the quarter that ended in Jun. 2025 was A$365.93 Mil. Therefore, Pengana International Equities Limited's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.94.

ASX:PIA
34GF Score
Pengana International Equities Limited ASX:PIA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pengana International Equities Limited 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.

Pengana International Equities Limited'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 )
=(357.221-13.132)/352.001
=0.98

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=365.931 - 8.71
=357.221

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.132 - 0 - 0
=13.132

Pengana International Equities Limited'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 )
=(355.754-12.258)/365.931
=0.94

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=363.196 - 7.442
=355.754

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.258 - 0 - 0
=12.258

* 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 0.94 mean?
Pengana International Equities Limited (ASX:PIA) has a Scaled Net Operating Assets of 0.94 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 Pengana International Equities Limited and its competitors.
Is Pengana International Equities Limited's Scaled Net Operating Assets too high?
Pengana International Equities Limited's current Scaled Net Operating Assets is 0.94. Overall, Pengana International Equities Limited has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Pengana International Equities Limited's Scaled Net Operating Assets compare to BLK and BX?
Pengana International Equities Limited's Scaled Net Operating Assets of 0.94 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 Pengana International Equities Limited and its competitors. Pengana International Equities Limited's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana International Equities Limited stock overvalued right now?
Pengana International Equities Limited (ASX:PIA) has a current Scaled Net Operating Assets of 0.94. The current Scaled Net Operating Assets is 0.94. Pengana International Equities Limited's overall GF Score™ is 34/100 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 Pengana International Equities Limited (ASX:PIA), the current Scaled Net Operating Assets is 0.94 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.

Pengana International Equities Limited Business Description

Address 1 Farrer Place, Suite 27.01, Level 27, Governor Phillip Tower, Sydney, NSW, AUS, 2000
Pengana International Equities Limited is an Australian-listed investment company whose operating activity involves investing its Australian capital into businesses operating globally. Its investment objective is to provide shareholders with regular, reliable, and fully franked dividends as well as capital growth. The company invests in high-quality, ethically screened, growing businesses at reasonable prices, focusing on superior risk-adjusted returns over the long term. It operates in one business segment, being investment in securities.
34GF 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$1.09
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