GOAT Industries (HAM:26B) Scaled Net Operating Assets: -2.89 (As of Sep. 2025)


HAM:26B GOAT Industries Ltd HAM:26B
34 GF Score
Price €0.07
! 3 Warning Signs
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What is GOAT Industries Scaled Net Operating Assets?

GOAT Industries HAM:26B 34 Scaled Net Operating Assets is -2.89 as of Sep. 2025. GuruFocus rates HAM:26B with a GF Score™ of 34/100. The stock has 3 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.

GOAT Industries's operating assets for the quarter that ended in Sep. 2025 was €0.26 Mil. GOAT Industries's operating liabilities for the quarter that ended in Sep. 2025 was €0.31 Mil. GOAT Industries's Total Assets for the quarter that ended in Jun. 2025 was €0.02 Mil. Therefore, GOAT Industries's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was -2.89.

GOAT Industries Scaled Net Operating Assets Historical Data

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The historical data trend for GOAT Industries'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.

GOAT Industries Scaled Net Operating Assets Chart

GOAT Industries Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
-0.08 26.65 0.18 -0.06 -1.92

GOAT Industries Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.21 -1.94 -304.00 -93.33 -2.89

HAM:26B vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, GOAT Industries'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.

GOAT Industries Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, GOAT Industries's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:26B
34GF Score
GOAT Industries Ltd HAM:26B
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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GOAT Industries 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.

GOAT Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(0-0.39)/0.203
=-1.92

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.001 - 0.001
=0

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.557 - 0.15 - 0.017
=0.39

GOAT Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(0.261-0.313)/0.018
=-2.89

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.317 - 0.056
=0.261

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.416 - 0 - 0.103
=0.313

* 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 -2.89 mean?
GOAT Industries (HAM:26B) has a Scaled Net Operating Assets of -2.89 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on GOAT Industries and its competitors.
Is GOAT Industries' Scaled Net Operating Assets too high?
GOAT Industries' current Scaled Net Operating Assets is -2.89. Overall, GOAT Industries has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does GOAT Industries' Scaled Net Operating Assets compare to BLK and BX?
GOAT Industries' Scaled Net Operating Assets of -2.89 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 GOAT Industries and its competitors. GOAT Industries's current Scaled Net Operating Assets is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GOAT Industries stock overvalued right now?
GOAT Industries (HAM:26B) has a current Scaled Net Operating Assets of -2.89. The current Scaled Net Operating Assets is -2.89. GOAT Industries' overall GF Score™ is 34/100 with 3 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 GOAT Industries (HAM:26B), the current Scaled Net Operating Assets is -2.89 as of Sep. 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.

GOAT Industries Business Description

Address No. 2300, 550 Burrard Street, Vancouver, BC, CAN, V6C2B5
GOAT Industries Ltd is an investment issuer focused on investing in high-potential companies operating across various industries and sectors. The company's goal is to generate maximum returns from its investments.
34GF 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.

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