Impala Platinum Holdings (FRA:IPHB) Scaled Net Operating Assets: 0.69 (As of Dec. 2025)


FRA:IPHB Impala Platinum Holdings Ltd FRA:IPHB
80 GF Score
Price €9.44
GF Value €8.53
Valuation Fairly Valued
! 5 Warning Signs
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What is Impala Platinum Holdings Scaled Net Operating Assets?

Impala Platinum Holdings FRA:IPHB +2.61% 80 Scaled Net Operating Assets is 0.69 as of Dec. 2025. GuruFocus rates FRA:IPHB with a GF Score™ of 80/100 and a GF Value™ of €8.53 (Fairly Valued). 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.

Impala Platinum Holdings's operating assets for the quarter that ended in Dec. 2025 was €6,465 Mil. Impala Platinum Holdings's operating liabilities for the quarter that ended in Dec. 2025 was €1,914 Mil. Impala Platinum Holdings's Total Assets for the quarter that ended in Jun. 2025 was €6,610 Mil. Therefore, Impala Platinum Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.69.


Impala Platinum Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Impala Platinum Holdings'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.

Impala Platinum Holdings Scaled Net Operating Assets Chart

Impala Platinum Holdings 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 0.81 0.74 0.54 0.55 0.64

Impala Platinum Holdings 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 0.64 0.61 0.73 0.61 0.69

FRA:IPHB vs HL: Scaled Net Operating Assets Comparison

For the Other Precious Metals & Mining subindustry, Impala Platinum Holdings'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.


Impala Platinum Holdings Scaled Net Operating Assets vs Metals & Mining Industry

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

* The bar in red indicates where Impala Platinum Holdings's Scaled Net Operating Assets falls into.


FRA:IPHB
80GF Score
Impala Platinum Holdings Ltd FRA:IPHB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Impala Platinum Holdings 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.

Impala Platinum Holdings'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 )
=(6042.211-1724.872)/6702.183
=0.64

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6609.952 - 567.741
=6042.211

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1909.27 - 79.598 - 104.8
=1724.872

Impala Platinum Holdings'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 )
=(6464.752-1913.708)/6609.952
=0.69

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7238.607 - 773.855
=6464.752

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2066.369 - 77.32 - 75.341
=1913.708

* 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 0.69 mean?
Impala Platinum Holdings (FRA:IPHB) has a Scaled Net Operating Assets of 0.69 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 Impala Platinum Holdings and its competitors.
Is Impala Platinum Holdings' Scaled Net Operating Assets too high?
Impala Platinum Holdings' current Scaled Net Operating Assets is 0.69. Overall, Impala Platinum Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Impala Platinum Holdings' Scaled Net Operating Assets compare to HL?
Impala Platinum Holdings' Scaled Net Operating Assets of 0.69 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 Impala Platinum Holdings and its competitors. Impala Platinum Holdings's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impala Platinum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Impala Platinum Holdings (FRA:IPHB) is currently considered Fairly Valued. The stock's GF Value™ is €8.53, compared to a current price of €9.44 — trading 10.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.69. Impala Platinum Holdings' overall GF Score™ is 80/100 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 Impala Platinum Holdings (FRA:IPHB), the current Scaled Net Operating Assets is 0.69 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 Impala Platinum Holdings (FRA:IPHB) Overvalued in 2026?

Based on GuruFocus' analysis, Impala Platinum Holdings stock appears to be overvalued. The current stock price of €9.44 is trading 10.7% above its estimated GF Value™ of €8.53. GuruFocus considers Impala Platinum Holdings to be Fairly Valued.

Key valuation signals for FRA:IPHB:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: €8.53 vs. price of €9.44 (10.7% above fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Impala Platinum Holdings Business Description

Address 2 Fricker Road, Illovo, Johannesburg, GT, ZAF, 2196
Impala Platinum Holdings Ltd is one of the producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and platinum-group-metal-bearing ore bodies in the world.
80GF Score

Get the complete analysis for FRA:IPHB

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

€9.44
Price
€8.53
GF Value