WAM Active (ASX:WAA) Scaled Net Operating Assets: 0.02 (As of Dec. 2025)


ASX:WAA WAM Active Ltd ASX:WAA
59 GF Score
Price A$1.02
GF Value A$1.74
Valuation Possible Value Trap
! 5 Warning Signs
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What is WAM Active Scaled Net Operating Assets?

WAM Active ASX:WAA 59 Scaled Net Operating Assets is 0.02 as of Dec. 2025. GuruFocus rates ASX:WAA with a GF Score™ of 59/100 and a GF Value™ of A$1.74 (Possible Value Trap). The stock has 5 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.

WAM Active's operating assets for the quarter that ended in Dec. 2025 was A$11.58 Mil. WAM Active's operating liabilities for the quarter that ended in Dec. 2025 was A$10.20 Mil. WAM Active's Total Assets for the quarter that ended in Jun. 2025 was A$85.33 Mil. Therefore, WAM Active's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.02.

ASX:WAA
59GF Score
WAM Active Ltd ASX:WAA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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WAM Active 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.

WAM Active'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 )
=(81.621-14.138)/71.79
=0.94

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=85.332 - 3.711
=81.621

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.138 - 0 - 0
=14.138

WAM Active'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 )
=(11.581-10.204)/85.332
=0.02

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=90.495 - 78.914
=11.581

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10.204 - 0 - 0
=10.204

* 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 0.02 mean?
WAM Active (ASX:WAA) has a Scaled Net Operating Assets of 0.02 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 WAM Active and its competitors.
Is WAM Active's Scaled Net Operating Assets too high?
WAM Active's current Scaled Net Operating Assets is 0.02. Overall, WAM Active has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WAM Active's Scaled Net Operating Assets compare to BLK and BX?
WAM Active's Scaled Net Operating Assets of 0.02 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 WAM Active and its competitors. WAM Active's current Scaled Net Operating Assets is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Active stock overvalued right now?
Based on GuruFocus' analysis, WAM Active (ASX:WAA) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.74, compared to a current price of A$1.02 — trading 41.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.02. WAM Active's overall GF Score™ is 59/100 with 5 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 WAM Active (ASX:WAA), the current Scaled Net Operating Assets is 0.02 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 WAM Active (ASX:WAA) Overvalued in 2026?

Based on GuruFocus' analysis, WAM Active stock appears to be undervalued. The current stock price of A$1.02 is trading 41.4% below its estimated GF Value™ of A$1.74. GuruFocus considers WAM Active to be Possible Value Trap.

Key valuation signals for ASX:WAA:

  • Scaled Net Operating Assets: 0.02
  • GF Value™: A$1.74 vs. price of A$1.02 (41.4% below fair value)
  • GF Score™: 59/100 with 5 warning signs

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

WAM Active Business Description

Address Governor Phillip Tower, Level 26, 1 Farrer Place, Sydney, NSW, AUS, 2000
WAM Active Ltd is an asset management company. Its principal activity is making investments in listed companies. Its investment objectives are to deliver investors a regular income stream in the form of fully franked dividends; provide investors with a positive return, after fees, along with low volatility over the majority of periods; and preserve capital in both the short term and long term.
59GF 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$1.02
Price
A$1.74
GF Value