SGH (ASX:SGH) Scaled Net Operating Assets: 0.80 (As of Dec. 2025)


ASX:SGH SGH Ltd ASX:SGH
81 GF Score
Price A$45.58
GF Value A$38.07
Valuation Modestly Overvalued
! 7 Warning Signs
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What is SGH Scaled Net Operating Assets?

SGH ASX:SGH -2.27% 81 Scaled Net Operating Assets is 0.80 as of Dec. 2025. GuruFocus rates ASX:SGH with a GF Score™ of 81/100 and a GF Value™ of A$38.07 (Modestly Overvalued). The stock has 7 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.

SGH's operating assets for the quarter that ended in Dec. 2025 was A$12,713 Mil. SGH's operating liabilities for the quarter that ended in Dec. 2025 was A$2,433 Mil. SGH's Total Assets for the quarter that ended in Jun. 2025 was A$12,930 Mil. Therefore, SGH's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.80.


SGH Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for SGH's Scaled Net Operating Assets can be seen below:

* 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.

SGH Scaled Net Operating Assets Chart

SGH Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 1.10 0.71 0.69 0.74

SGH Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.69 0.76 0.76 0.80

ASX:SGH vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, SGH's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SGH Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, SGH's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where SGH's Scaled Net Operating Assets falls into.


ASX:SGH
81GF Score
SGH Ltd ASX:SGH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SGH 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.

SGH'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 )
=(12753.4-2756)/13604.1
=0.73

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12930 - 176.6
=12753.4

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8122.6 - 4827.2 - 539.4
=2756

SGH'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 )
=(12713.3-2432.6)/12930
=0.80

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12974.5 - 261.2
=12713.3

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7814.5 - 4694 - 687.9
=2432.6

* 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 0.80 mean?
SGH (ASX:SGH) has a Scaled Net Operating Assets of 0.80 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 SGH and its competitors.
Is SGH's Scaled Net Operating Assets too high?
SGH's current Scaled Net Operating Assets is 0.80. Overall, SGH has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SGH's Scaled Net Operating Assets compare to HON and MMM?
SGH's Scaled Net Operating Assets of 0.80 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 SGH and its competitors. SGH's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SGH stock overvalued right now?
Based on GuruFocus' analysis, SGH (ASX:SGH) is currently considered Modestly Overvalued. The stock's GF Value™ is A$38.07, compared to a current price of A$45.58 — trading 19.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. SGH's overall GF Score™ is 81/100 with 7 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 SGH (ASX:SGH), the current Scaled Net Operating Assets is 0.80 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 SGH (ASX:SGH) Overvalued in 2026?

Based on GuruFocus' analysis, SGH stock appears to be overvalued. The current stock price of A$45.58 is trading 19.7% above its estimated GF Value™ of A$38.07. GuruFocus considers SGH to be Modestly Overvalued.

Key valuation signals for ASX:SGH:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: A$38.07 vs. price of A$45.58 (19.7% above fair value)
  • GF Score™: 81/100 with 7 warning signs

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


SGH Business Description

Other Exchanges 9SG0:Germany
Address 175 Liverpool Street, Level 30, Sydney, NSW, AUS, 2000
SGH is a diversified industrial and investment group, with interests in heavy-equipment sales, service and equipment hire, media and broadcasting, oil and gas, and developable property. It changed its name from Seven Group in 2024, the rebrand to reflect an evolution toward diversified industrial-focused activities, away from media. SGH is domiciled in Australia where it predominantly operates.
81GF 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$45.58
Price
A$38.07
GF Value