WAM Capital (ASX:WAM) Scaled Net Operating Assets: 0.06 (As of Dec. 2025)


ASX:WAM WAM Capital Ltd ASX:WAM
33 GF Score
Price A$1.55
GF Value A$0.74
Valuation Significantly Overvalued
! 2 Warning Signs
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What is WAM Capital Scaled Net Operating Assets?

WAM Capital ASX:WAM 33 Scaled Net Operating Assets is 0.06 as of Dec. 2025. GuruFocus rates ASX:WAM with a GF Score™ of 33/100 and a GF Value™ of A$0.74 (Significantly Overvalued). The stock has 2 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 Capital's operating assets for the quarter that ended in Dec. 2025 was A$172.4 Mil. WAM Capital's operating liabilities for the quarter that ended in Dec. 2025 was A$41.3 Mil. WAM Capital's Total Assets for the quarter that ended in Jun. 2025 was A$2,029.3 Mil. Therefore, WAM Capital's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.06.

ASX:WAM
33GF Score
WAM Capital Ltd ASX:WAM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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WAM Capital 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 Capital'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 )
=(1861.497-153.43)/1932.053
=0.88

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2029.263 - 167.766
=1861.497

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=153.43 - 0 - 0
=153.43

WAM Capital'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 )
=(172.356-41.317)/2029.263
=0.06

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1864.164 - 1691.808
=172.356

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41.317 - 0 - 0
=41.317

* 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 0.06 mean?
WAM Capital (ASX:WAM) has a Scaled Net Operating Assets of 0.06 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 Capital and its competitors.
Is WAM Capital's Scaled Net Operating Assets too high?
WAM Capital's current Scaled Net Operating Assets is 0.06. Overall, WAM Capital has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WAM Capital's Scaled Net Operating Assets compare to BLK and BX?
WAM Capital's Scaled Net Operating Assets of 0.06 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 Capital and its competitors. WAM Capital's current Scaled Net Operating Assets is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Capital stock overvalued right now?
Based on GuruFocus' analysis, WAM Capital (ASX:WAM) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$1.55 — trading 109.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.06. WAM Capital's overall GF Score™ is 33/100 with 2 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 Capital (ASX:WAM), the current Scaled Net Operating Assets is 0.06 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 Capital (ASX:WAM) Overvalued in 2026?

Based on GuruFocus' analysis, WAM Capital stock appears to be overvalued. The current stock price of A$1.55 is trading 109.5% above its estimated GF Value™ of A$0.74. GuruFocus considers WAM Capital to be Significantly Overvalued.

Key valuation signals for ASX:WAM:

  • Scaled Net Operating Assets: 0.06
  • GF Value™: A$0.74 vs. price of A$1.55 (109.5% above fair value)
  • GF Score™: 33/100 with 2 warning signs

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

WAM Capital Business Description

Address 1 Farrer Place, Level 26, Governor Phillip Tower, Sydney, NSW, AUS, 2000
WAM Capital Ltd is a closed-end investment fund, which engages in investing activities, including cash, term deposits, and equity investments. It provides exposure to relative value arbitrage and market mispricing opportunities and manages a diversified portfolio of undervalued growth companies. Its investment objective is to deliver a stream of fully franked dividends, provide capital growth and preserve capital.
33GF Score

Get the complete analysis for ASX:WAM

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

A$1.55
Price
A$0.74
GF Value