Spheria Emerging Co (ASX:SEC) Scaled Net Operating Assets: -0.05 (As of Dec. 2025)


ASX:SEC Spheria Emerging Co Ltd ASX:SEC
50 GF Score
Price A$2.34
GF Value A$3.51
Valuation Significantly Undervalued
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What is Spheria Emerging Co Scaled Net Operating Assets?

Spheria Emerging Co ASX:SEC 50 Scaled Net Operating Assets is -0.05 as of Dec. 2025. GuruFocus rates ASX:SEC with a GF Score™ of 50/100 and a GF Value™ of A$3.51 (Significantly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spheria Emerging Co's operating assets for the quarter that ended in Dec. 2025 was A$0.41 Mil. Spheria Emerging Co's operating liabilities for the quarter that ended in Dec. 2025 was A$7.14 Mil. Spheria Emerging Co's Total Assets for the quarter that ended in Jun. 2025 was A$146.77 Mil. Therefore, Spheria Emerging Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.05.

ASX:SEC
50GF Score
Spheria Emerging Co Ltd ASX:SEC
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Spheria Emerging 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.

Spheria Emerging 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 )
=(145.744-4.694)/135.493
=1.04

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=146.772 - 1.028
=145.744

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.694 - 0 - 0
=4.694

Spheria Emerging 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 )
=(0.41300000000001-7.135)/146.772
=-0.05

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=157.585 - 157.172
=0.41300000000001

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.135 - 0 - 0
=7.135

* 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 -0.05 mean?
Spheria Emerging Co (ASX:SEC) has a Scaled Net Operating Assets of -0.05 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 Spheria Emerging Co and its competitors.
Is Spheria Emerging Co's Scaled Net Operating Assets too high?
Spheria Emerging Co's current Scaled Net Operating Assets is -0.05. Overall, Spheria Emerging Co has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spheria Emerging Co's Scaled Net Operating Assets compare to BLK and BX?
Spheria Emerging Co's Scaled Net Operating Assets of -0.05 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 Spheria Emerging Co and its competitors. Spheria Emerging Co's current Scaled Net Operating Assets is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spheria Emerging Co stock overvalued right now?
Based on GuruFocus' analysis, Spheria Emerging Co (ASX:SEC) is currently considered Significantly Undervalued. The stock's GF Value™ is A$3.51, compared to a current price of A$2.34 — trading 33.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.05. Spheria Emerging Co's overall GF Score™ is 50/100. 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 Spheria Emerging Co (ASX:SEC), the current Scaled Net Operating Assets is -0.05 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 Spheria Emerging Co (ASX:SEC) Overvalued in 2026?

Based on GuruFocus' analysis, Spheria Emerging Co stock appears to be undervalued. The current stock price of A$2.34 is trading 33.3% below its estimated GF Value™ of A$3.51. GuruFocus considers Spheria Emerging Co to be Significantly Undervalued.

Key valuation signals for ASX:SEC:

  • Scaled Net Operating Assets: -0.05
  • GF Value™: A$3.51 vs. price of A$2.34 (33.3% below fair value)
  • GF Score™: 50/100

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

Spheria Emerging Co Business Description

Address 264 George Street, Level 25, Sydney, NSW, AUS, 2000
Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.
50GF 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$2.34
Price
A$3.51
GF Value