Perpetual Equity Investment Co (ASX:PIC) Scaled Net Operating Assets: -0.04 (As of Dec. 2025)


ASX:PIC Perpetual Equity Investment Co Ltd ASX:PIC
62 GF Score
Price A$1.17
GF Value A$1.47
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Perpetual Equity Investment Co Scaled Net Operating Assets?

Perpetual Equity Investment Co ASX:PIC -0.85% 62 Scaled Net Operating Assets is -0.04 as of Dec. 2025. GuruFocus rates ASX:PIC with a GF Score™ of 62/100 and a GF Value™ of A$1.47 (Modestly 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.

Perpetual Equity Investment Co's operating assets for the quarter that ended in Dec. 2025 was A$2.45 Mil. Perpetual Equity Investment Co's operating liabilities for the quarter that ended in Dec. 2025 was A$23.70 Mil. Perpetual Equity Investment Co's Total Assets for the quarter that ended in Jun. 2025 was A$499.11 Mil. Therefore, Perpetual Equity Investment Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.04.

ASX:PIC
62GF Score
Perpetual Equity Investment Co Ltd ASX:PIC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Perpetual Equity Investment Co 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.

Perpetual Equity Investment Co'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 )
=(471.735-21.571)/503.063
=0.89

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=499.112 - 27.377
=471.735

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21.571 - 0 - 0
=21.571

Perpetual Equity Investment Co'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 )
=(2.454-23.695)/499.112
=-0.04

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=507.576 - 505.122
=2.454

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23.695 - 0 - 0
=23.695

* 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 -0.04 mean?
Perpetual Equity Investment Co (ASX:PIC) has a Scaled Net Operating Assets of -0.04 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 Perpetual Equity Investment Co and its competitors.
Is Perpetual Equity Investment Co's Scaled Net Operating Assets too high?
Perpetual Equity Investment Co's current Scaled Net Operating Assets is -0.04. Overall, Perpetual Equity Investment Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perpetual Equity Investment Co's Scaled Net Operating Assets compare to BLK and BX?
Perpetual Equity Investment Co's Scaled Net Operating Assets of -0.04 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 Perpetual Equity Investment Co and its competitors. Perpetual Equity Investment Co's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perpetual Equity Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Perpetual Equity Investment Co (ASX:PIC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.47, compared to a current price of A$1.17 — trading 20.4% below its estimated fair value. The current Scaled Net Operating Assets is -0.04. Perpetual Equity Investment Co's overall GF Score™ is 62/100 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 Perpetual Equity Investment Co (ASX:PIC), the current Scaled Net Operating Assets is -0.04 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 Perpetual Equity Investment Co (ASX:PIC) Overvalued in 2026?

Based on GuruFocus' analysis, Perpetual Equity Investment Co stock appears to be undervalued. The current stock price of A$1.17 is trading 20.4% below its estimated GF Value™ of A$1.47. GuruFocus considers Perpetual Equity Investment Co to be Modestly Undervalued.

Key valuation signals for ASX:PIC:

  • Scaled Net Operating Assets: -0.04
  • GF Value™: A$1.47 vs. price of A$1.17 (20.4% below fair value)
  • GF Score™: 62/100 with 2 warning signs

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

Perpetual Equity Investment Co Business Description

Address 123 Pitt Street, Level 14, Sydney, NSW, AUS, 2000
Perpetual Equity Investment Co Ltd is an investment company. Its investment objective is to provide investors with an income stream and long-term capital growth in excess of its benchmark (the S&P/ASX 300 Accumulation Index) over a minimum 5-year investment period. The company invests in a concentrated and actively managed portfolio of Australian-listed securities with a mid-cap focus and cash, deposit products, and senior debt, together with opportunistic allocations to globally listed securities.
62GF 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$1.17
Price
A$1.47
GF Value