Tower (ASX:TWR) Scaled Net Operating Assets: 0.37 (As of Mar. 2026)


ASX:TWR Tower Ltd ASX:TWR
85 GF Score
Price A$1.54
GF Value A$1.33
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Tower Scaled Net Operating Assets?

Tower ASX:TWR 85 Scaled Net Operating Assets is 0.37 as of Mar. 2026. GuruFocus rates ASX:TWR with a GF Score™ of 85/100 and a GF Value™ of A$1.33 (Modestly 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.

Tower's operating assets for the quarter that ended in Mar. 2026 was A$393.1 Mil. Tower's operating liabilities for the quarter that ended in Mar. 2026 was A$188.3 Mil. Tower's Total Assets for the quarter that ended in Sep. 2025 was A$546.6 Mil. Therefore, Tower's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.37.

ASX:TWR
85GF Score
Tower Ltd ASX:TWR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tower 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.

Tower's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(483.235-211.099)/583.767
=0.47

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=546.592 - 63.357
=483.235

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=233.881 - 18.147 - 4.635
=211.099

Tower's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(393.113-188.327)/546.592
=0.37

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=472.789 - 79.676
=393.113

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=207.733 - 19.406 - 0
=188.327

* 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 0.37 mean?
Tower (ASX:TWR) has a Scaled Net Operating Assets of 0.37 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tower and its competitors.
Is Tower's Scaled Net Operating Assets too high?
Tower's current Scaled Net Operating Assets is 0.37. Overall, Tower has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tower's Scaled Net Operating Assets compare to CB and PGR?
Tower's Scaled Net Operating Assets of 0.37 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Tower and its competitors. Tower's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tower stock overvalued right now?
Based on GuruFocus' analysis, Tower (ASX:TWR) is currently considered Modestly Overvalued. The stock's GF Value™ is A$1.33, compared to a current price of A$1.54 — trading 15.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.37. Tower's overall GF Score™ is 85/100 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 Tower (ASX:TWR), the current Scaled Net Operating Assets is 0.37 as of Mar. 2026. 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 Tower (ASX:TWR) Overvalued in 2026?

Based on GuruFocus' analysis, Tower stock appears to be overvalued. The current stock price of A$1.54 is trading 15.8% above its estimated GF Value™ of A$1.33. GuruFocus considers Tower to be Modestly Overvalued.

Key valuation signals for ASX:TWR:

  • Scaled Net Operating Assets: 0.37
  • GF Value™: A$1.33 vs. price of A$1.54 (15.8% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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

Tower Business Description

Other Exchanges TWR:New ZealandUCNA:Germany
Address 136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142
Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance, and among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives the majority of its revenue from the New Zealand segment.
85GF 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$1.54
Price
A$1.33
GF Value