SHAPE Australia (ASX:SHA) Scaled Net Operating Assets: -0.20 (As of Dec. 2025)


ASX:SHA SHAPE Australia Corp Ltd ASX:SHA
44 GF Score
Price A$6.99
GF Value A$3.57
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SHAPE Australia Scaled Net Operating Assets?

SHAPE Australia ASX:SHA +0.14% 44 Scaled Net Operating Assets is -0.20 as of Dec. 2025. GuruFocus rates ASX:SHA with a GF Score™ of 44/100 and a GF Value™ of A$3.57 (Significantly Overvalued). 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.

SHAPE Australia's operating assets for the quarter that ended in Dec. 2025 was A$209 Mil. SHAPE Australia's operating liabilities for the quarter that ended in Dec. 2025 was A$263 Mil. SHAPE Australia's Total Assets for the quarter that ended in Jun. 2025 was A$275 Mil. Therefore, SHAPE Australia's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.20.

SHAPE Australia Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for SHAPE Australia'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.

SHAPE Australia Scaled Net Operating Assets Chart

SHAPE Australia Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
-0.46 -0.16 -0.15 -0.16 -0.27

SHAPE Australia Semi-Annual Data
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 -0.17 -0.18 -0.25 -0.27 -0.20

ASX:SHA vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, SHAPE Australia'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.

SHAPE Australia Scaled Net Operating Assets vs Construction Industry

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

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


ASX:SHA
44GF Score
SHAPE Australia Corp Ltd ASX:SHA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SHAPE Australia 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.

SHAPE Australia'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 )
=(146.727-214.245)/251.144
=-0.27

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=275.066 - 128.339
=146.727

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=238.366 - 21.487 - 2.634
=214.245

SHAPE Australia'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 )
=(209.132-263.332)/275.066
=-0.20

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=345.569 - 136.437
=209.132

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=303.839 - 35.283 - 5.224
=263.332

* 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 -0.20 mean?
SHAPE Australia (ASX:SHA) has a Scaled Net Operating Assets of -0.20 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 SHAPE Australia and its competitors.
Is SHAPE Australia's Scaled Net Operating Assets too high?
SHAPE Australia's current Scaled Net Operating Assets is -0.20. Overall, SHAPE Australia has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHAPE Australia's Scaled Net Operating Assets compare to PWR and FIX?
SHAPE Australia's Scaled Net Operating Assets of -0.20 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 SHAPE Australia and its competitors. SHAPE Australia's current Scaled Net Operating Assets is -0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHAPE Australia stock overvalued right now?
Based on GuruFocus' analysis, SHAPE Australia (ASX:SHA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.57, compared to a current price of A$6.99 — trading 95.8% above its estimated fair value. The current Scaled Net Operating Assets is -0.20. SHAPE Australia's overall GF Score™ is 44/100 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 SHAPE Australia (ASX:SHA), the current Scaled Net Operating Assets is -0.20 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 SHAPE Australia (ASX:SHA) Overvalued in 2026?

Based on GuruFocus' analysis, SHAPE Australia stock appears to be overvalued. The current stock price of A$6.99 is trading 95.8% above its estimated GF Value™ of A$3.57. GuruFocus considers SHAPE Australia to be Significantly Overvalued.

Key valuation signals for ASX:SHA:

  • Scaled Net Operating Assets: -0.20
  • GF Value™: A$3.57 vs. price of A$6.99 (95.8% above fair value)
  • GF Score™: 44/100 with 3 warning signs

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

SHAPE Australia Business Description

Address 155 Clarence Street, Level 11, Sydney, NSW, AUS, 2000
SHAPE Australia Corp Ltd is a specialist building contractor and construction manager, focused on commercial fit-out and refurbishments, with select capabilities in the new build.
44GF Score

Get the complete analysis for ASX:SHA

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

A$6.99
Price
A$3.57
GF Value