GLGDF (GoGold Resources) Scaled Net Operating Assets: 0.42 (As of Mar. 2026)

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GLGDF GoGold Resources Inc GLGDF
80 GF Score
Price $2.15
GF Value $2.45
Valuation Modestly Undervalued
! 1 Warning Sign
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What is GoGold Resources Scaled Net Operating Assets?

GoGold Resources GLGDF -4.87% 80 Scaled Net Operating Assets is 0.42 as of Mar. 2026. GuruFocus rates GLGDF with a GF Score™ of 80/100 and a GF Value™ of $2.45 (Modestly 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.

GoGold Resources's operating assets for the quarter that ended in Mar. 2026 was $271.32 Mil. GoGold Resources's operating liabilities for the quarter that ended in Mar. 2026 was $52.91 Mil. GoGold Resources's Total Assets for the quarter that ended in Dec. 2025 was $516.03 Mil. Therefore, GoGold Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.


GoGold Resources Scaled Net Operating Assets Historical Data

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The historical data trend for GoGold Resources'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.

GoGold Resources Scaled Net Operating Assets Chart

GoGold Resources Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.74 0.70 0.70 0.70

GoGold Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.66 0.67 0.57 0.57 0.42

GLGDF vs HL: Scaled Net Operating Assets Comparison

For the Other Precious Metals & Mining subindustry, GoGold Resources'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.


GoGold Resources Scaled Net Operating Assets vs Metals & Mining Industry

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

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


GLGDF
80GF Score
GoGold Resources Inc GLGDF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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GoGold Resources 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.

GoGold Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(256.578-36.627)/312.432
=0.70

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=397.69 - 141.112
=256.578

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=37.424 - 0.784 - 0.013
=36.627

GoGold Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(271.32-52.91)/516.033
=0.42

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=533.481 - 262.161
=271.32

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=52.91 - 0 - 0
=52.91

* 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 0.42 mean?
GoGold Resources (GLGDF) has a Scaled Net Operating Assets of 0.42 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on GoGold Resources and its competitors.
Is GoGold Resources' Scaled Net Operating Assets too high?
GoGold Resources' current Scaled Net Operating Assets is 0.42. Overall, GoGold Resources has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GoGold Resources' Scaled Net Operating Assets compare to HL?
GoGold Resources' Scaled Net Operating Assets of 0.42 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 GoGold Resources and its competitors. GoGold Resources's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GoGold Resources stock overvalued right now?
Based on GuruFocus' analysis, GoGold Resources (GLGDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.45, compared to a current price of $2.15 — trading 12.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. GoGold Resources' overall GF Score™ is 80/100 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 GoGold Resources (GLGDF), the current Scaled Net Operating Assets is 0.42 as of Mar. 2026. 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 GoGold Resources (GLGDF) Overvalued in 2026?

Based on GuruFocus' analysis, GoGold Resources stock appears to be undervalued. The current stock price of $2.15 is trading 12.2% below its estimated GF Value™ of $2.45. GuruFocus considers GoGold Resources to be Modestly Undervalued.

Key valuation signals for GLGDF:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: $2.45 vs. price of $2.15 (12.2% below fair value)
  • GF Score™: 80/100 with 1 warning sign

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


GoGold Resources Business Description

Other Exchanges GGD:GermanyGGD:Canada
Address 2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1
GoGold Resources Inc is a Canadian-based company engaged in the identification, acquisition, exploration, development, and production of silver and gold. Its projects include the Parral Project, the Los Ricos South Project, and the Los Ricos North Project.
80GF Score

Get the complete analysis for GLGDF

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

$2.15
Price
$2.45
GF Value