GFIOF (Gold Fields) Scaled Net Operating Assets: 0.93 (As of Dec. 2025)


GFIOF Gold Fields Ltd GFIOF
91 GF Score
Price $35.80
GF Value $40.90
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Gold Fields Scaled Net Operating Assets?

Gold Fields GFIOF 91 Scaled Net Operating Assets is 0.93 as of Dec. 2025. GuruFocus rates GFIOF with a GF Score™ of 91/100 and a GF Value™ of $40.90 (Modestly Undervalued). 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.

Gold Fields's operating assets for the quarter that ended in Dec. 2025 was $13,446 Mil. Gold Fields's operating liabilities for the quarter that ended in Dec. 2025 was $3,332 Mil. Gold Fields's Total Assets for the quarter that ended in Jun. 2025 was $10,858 Mil. Therefore, Gold Fields's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.93.


Gold Fields Scaled Net Operating Assets Historical Data

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The historical data trend for Gold Fields'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.

Gold Fields Scaled Net Operating Assets Chart

Gold Fields Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.69 0.77 0.91 1.00

Gold Fields 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 0.72 0.72 0.89 0.76 0.93

GFIOF vs NEM, AU, CDE: Scaled Net Operating Assets Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Scaled Net Operating Assets vs Metals & Mining Industry

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

* The bar in red indicates where Gold Fields's Scaled Net Operating Assets falls into.


GFIOF
91GF Score
Gold Fields Ltd GFIOF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gold Fields 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.

Gold Fields'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 )
=(13446-3331.6)/10142.9
=1.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15225.2 - 1779.2
=13446

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6552.8 - 2938.6 - 282.6
=3331.6

Gold Fields'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 )
=(13446-3331.6)/10858.2
=0.93

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15225.2 - 1779.2
=13446

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6552.8 - 2938.6 - 282.6
=3331.6

* 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 0.93 mean?
Gold Fields (GFIOF) has a Scaled Net Operating Assets of 0.93 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 Gold Fields and its competitors.
Is Gold Fields' Scaled Net Operating Assets too high?
Gold Fields' current Scaled Net Operating Assets is 0.93. Overall, Gold Fields has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gold Fields' Scaled Net Operating Assets compare to NEM and AU?
Gold Fields' Scaled Net Operating Assets of 0.93 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 Gold Fields and its competitors. Gold Fields's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Fields stock overvalued right now?
Based on GuruFocus' analysis, Gold Fields (GFIOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $40.90, compared to a current price of $35.80 — trading 12.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. Gold Fields' overall GF Score™ is 91/100 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 Gold Fields (GFIOF), the current Scaled Net Operating Assets is 0.93 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 Gold Fields (GFIOF) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Fields stock appears to be undervalued. The current stock price of $35.80 is trading 12.5% below its estimated GF Value™ of $40.90. GuruFocus considers Gold Fields to be Modestly Undervalued.

Key valuation signals for GFIOF:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: $40.90 vs. price of $35.80 (12.5% below fair value)
  • GF Score™: 91/100 with 2 warning signs

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


Gold Fields Business Description

Address 150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia, and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing, and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith, and South Deep, and surface-only open pit mining at Damang, Tarkwa, and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.
91GF Score

Get the complete analysis for GFIOF

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

$35.80
Price
$40.90
GF Value