Tribune Resources (ASX:TBR) Scaled Net Operating Assets: 0.93 (As of Dec. 2025)


ASX:TBR Tribune Resources Ltd ASX:TBR
83 GF Score
Price A$5.30
GF Value A$6.16
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Tribune Resources Scaled Net Operating Assets?

Tribune Resources ASX:TBR +12.53% 83 Scaled Net Operating Assets is 0.93 as of Dec. 2025. GuruFocus rates ASX:TBR with a GF Score™ of 83/100 and a GF Value™ of A$6.16 (Modestly Undervalued). 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.

Tribune Resources's operating assets for the quarter that ended in Dec. 2025 was A$371.7 Mil. Tribune Resources's operating liabilities for the quarter that ended in Dec. 2025 was A$47.6 Mil. Tribune Resources's Total Assets for the quarter that ended in Jun. 2025 was A$350.2 Mil. Therefore, Tribune Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.93.


Tribune Resources Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tribune Resources'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.

Tribune Resources Scaled Net Operating Assets Chart

Tribune Resources 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 1.00 0.83 0.86 0.91 0.97

Tribune Resources 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 0.92 0.91 0.91 0.93 0.93

ASX:TBR vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Tribune Resources'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.


Tribune Resources Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tribune Resources's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:TBR
83GF Score
Tribune Resources Ltd ASX:TBR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tribune Resources 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.

Tribune Resources'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 )
=(337.768-35.321)/313.233
=0.97

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=350.217 - 12.449
=337.768

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.321 - 0 - 0
=35.321

Tribune Resources'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 )
=(371.748-47.567)/350.217
=0.93

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=384.221 - 12.473
=371.748

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47.567 - 0 - 0
=47.567

* 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 0.93 mean?
Tribune Resources (ASX:TBR) has a Scaled Net Operating Assets of 0.93 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 Tribune Resources and its competitors.
Is Tribune Resources' Scaled Net Operating Assets too high?
Tribune Resources' current Scaled Net Operating Assets is 0.93. Overall, Tribune Resources has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tribune Resources' Scaled Net Operating Assets compare to NEM and AU?
Tribune Resources' Scaled Net Operating Assets of 0.93 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Tribune Resources and its competitors. Tribune Resources's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tribune Resources stock overvalued right now?
Based on GuruFocus' analysis, Tribune Resources (ASX:TBR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.16, compared to a current price of A$5.30 — trading 14% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. Tribune Resources' overall GF Score™ is 83/100 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 Tribune Resources (ASX:TBR), the current Scaled Net Operating Assets is 0.93 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 Tribune Resources (ASX:TBR) Overvalued in 2026?

Based on GuruFocus' analysis, Tribune Resources stock appears to be undervalued. The current stock price of A$5.30 is trading 14% below its estimated GF Value™ of A$6.16. GuruFocus considers Tribune Resources to be Modestly Undervalued.

Key valuation signals for ASX:TBR:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: A$6.16 vs. price of A$5.30 (14% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


Tribune Resources Business Description

Other Exchanges TNR:Germany
Address 49 Melville Parade, Suite G1, South Perth, Perth, WA, AUS, 6151
Tribune Resources Ltd develops and produces mineral properties in Australia. It explores for gold deposits. The company focuses on the East Kundana and West Kundana joint ventures tenements. Its projects are the Diwalwal Gold Project, Seven Mile Hill, and Japa Gold Project.
83GF Score

Get the complete analysis for ASX:TBR

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

A$5.30
Price
A$6.16
GF Value