Platinum Asset Management (ASX:PTM) Scaled Net Operating Assets: 0.43 (As of Jun. 2025)


ASX:PTM Platinum Asset Management Ltd ASX:PTM
12 GF Score
Price A$0.70
GF Value A$0.67
! 3 Warning Signs
View Full Analysis

What is Platinum Asset Management Scaled Net Operating Assets?

Platinum Asset Management ASX:PTM 12 Scaled Net Operating Assets is 0.43 as of Jun. 2025. GuruFocus rates ASX:PTM with a GF Score™ of 12/100 and a GF Value™ of A$0.67. 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.

Platinum Asset Management's operating assets for the quarter that ended in Jun. 2025 was A$127.1 Mil. Platinum Asset Management's operating liabilities for the quarter that ended in Jun. 2025 was A$26.9 Mil. Platinum Asset Management's Total Assets for the quarter that ended in Dec. 2024 was A$234.7 Mil. Therefore, Platinum Asset Management's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2025 was 0.43.

ASX:PTM
12GF Score
Platinum Asset Management Ltd ASX:PTM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Platinum Asset Management 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.

Platinum Asset Management'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 )
=(177.021-26.905)/346.207
=0.43

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=249.392 - 72.371
=177.021

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=37.544 - 8.752 - 1.887
=26.905

Platinum Asset Management's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2025 )
=(Operating Assets (Q: Jun. 2025 )-Operating Liabilities (Q: Jun. 2025 ))/Total Assets (Q: Dec. 2024 )
=(127.145-26.905)/234.701
=0.43

where

Operating Assets(Q: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=249.392 - 122.247
=127.145

Operating Liabilities(Q: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=37.544 - 8.752 - 1.887
=26.905

* 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 0.43 mean?
Platinum Asset Management (ASX:PTM) has a Scaled Net Operating Assets of 0.43 as of Jun. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Platinum Asset Management and its competitors.
Is Platinum Asset Management's Scaled Net Operating Assets too high?
Platinum Asset Management's current Scaled Net Operating Assets is 0.43. Overall, Platinum Asset Management has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Platinum Asset Management's Scaled Net Operating Assets compare to ETV and RQI?
Platinum Asset Management's Scaled Net Operating Assets of 0.43 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 Platinum Asset Management and its competitors. Platinum Asset Management's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Platinum Asset Management stock overvalued right now?
Platinum Asset Management (ASX:PTM) has a current Scaled Net Operating Assets of 0.43. The stock's GF Value™ is A$0.67, compared to a current price of A$0.70 — trading 3.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. Platinum Asset Management's overall GF Score™ is 12/100 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 Platinum Asset Management (ASX:PTM), the current Scaled Net Operating Assets is 0.43 as of Jun. 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 Platinum Asset Management (ASX:PTM) Overvalued in 2026?

Based on GuruFocus' analysis, Platinum Asset Management stock appears to be overvalued. The current stock price of A$0.70 is trading 3.7% above its estimated GF Value™ of A$0.67.

Key valuation signals for ASX:PTM:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: A$0.67 vs. price of A$0.70 (3.7% above fair value)
  • GF Score™: 12/100 with 3 warning signs

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

Platinum Asset Management Business Description

Address Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000
L1 Group was formed through the strategic merger of two Australian investment management firms: Platinum Asset Management, a Sydney-based international equities manager founded in 1994, and L1 Capital, a Melbourne-based boutique founded in 2007 with diversified capabilities across equities, alternatives, and property investments. The combined entity serves a diverse client base encompassing institutional investors, wholesale clients, high-net-worth individuals, and retail investors across both domestic and international markets. The firm has approximately AUD 17 billion in funds under management as of June 2025.
12GF Score

Get the complete analysis for ASX:PTM

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

A$0.70
Price
A$0.67
GF Value