Old Mutual (FRA:2KS) Scaled Net Operating Assets: -0.02 (As of Dec. 2025)


FRA:2KS Old Mutual Ltd FRA:2KS
74 GF Score
Price €0.67
GF Value €1.04
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Old Mutual Scaled Net Operating Assets?

Old Mutual FRA:2KS +0.75% 74 Scaled Net Operating Assets is -0.02 as of Dec. 2025. GuruFocus rates FRA:2KS with a GF Score™ of 74/100 and a GF Value™ of €1.04 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Old Mutual's operating assets for the quarter that ended in Dec. 2025 was €63,663 Mil. Old Mutual's operating liabilities for the quarter that ended in Dec. 2025 was €65,046 Mil. Old Mutual's Total Assets for the quarter that ended in Jun. 2025 was €60,973 Mil. Therefore, Old Mutual's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.02.

FRA:2KS
74GF Score
Old Mutual Ltd FRA:2KS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Old Mutual 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(67362.233-65045.894)/64725.99
=0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=69401.002 - 2038.769
=67362.233

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66201.78 - 1118.342 - 37.544
=65045.894

Old Mutual'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 )
=(63662.616-65045.894)/60972.922
=-0.02

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=69401.002 - 5738.386
=63662.616

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66201.78 - 1118.342 - 37.544
=65045.894

* 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?
Old Mutual (FRA:2KS) 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 Old Mutual and its competitors.
Is Old Mutual's Scaled Net Operating Assets too high?
Old Mutual's current Scaled Net Operating Assets is -0.02. Overall, Old Mutual has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Old Mutual's Scaled Net Operating Assets compare to VOYA and FRHC?
Old Mutual's Scaled Net Operating Assets of -0.02 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Scaled Net Operating Assets depends on the Diversified Financial Services 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 Old Mutual and its competitors. Old Mutual'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 Old Mutual stock overvalued right now?
Based on GuruFocus' analysis, Old Mutual (FRA:2KS) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.04, compared to a current price of €0.67 — trading 35.6% below its estimated fair value. The current Scaled Net Operating Assets is -0.02. Old Mutual's overall GF Score™ is 74/100 with 1 warning sign 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 Old Mutual (FRA:2KS), 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 Old Mutual (FRA:2KS) Overvalued in 2026?

Based on GuruFocus' analysis, Old Mutual stock appears to be undervalued. The current stock price of €0.67 is trading 35.6% below its estimated GF Value™ of €1.04. GuruFocus considers Old Mutual to be Significantly Undervalued.

Key valuation signals for FRA:2KS:

  • Scaled Net Operating Assets: -0.02
  • GF Value™: €1.04 vs. price of €0.67 (35.6% below fair value)
  • GF Score™: 74/100 with 1 warning sign

No single metric tells the full story. See the FRA:2KS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Old Mutual Business Description

Address Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, WC, ZAF, 7405
Old Mutual Ltd provides financial services that include wealth management, banking, asset management, and insurance. The firm is organized into the following operational segments: Old Mutual Life and Savings, Old Mutual Investments, Old Mutual Banking, Old Mutual Insure, Old Mutual Africa Regions, and Other Group Activities. The company generates key revenue from Old Mutual Life and Savings, which comprises retail and corporate segments offering risk, savings, investment, lending, and income products across diverse markets. This includes simple financial solutions for low- to lower-middle-income customers, holistic financial advice and tailored investment offerings for middle-income and high-net-worth individuals, and employee benefits and business solutions for SMEs.
74GF 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.

€0.67
Price
€1.04
GF Value