Vault Minerals (HAM:RKM0) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)


HAM:RKM0 Vault Minerals Ltd HAM:RKM0
60 GF Score
Price €2.69
GF Value €0.39
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Vault Minerals Scaled Net Operating Assets?

Vault Minerals HAM:RKM0 +1.86% 60 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates HAM:RKM0 with a GF Score™ of 60/100 and a GF Value™ of €0.39 (Significantly Overvalued). 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.

Vault Minerals's operating assets for the quarter that ended in Dec. 2025 was €1,039.6 Mil. Vault Minerals's operating liabilities for the quarter that ended in Dec. 2025 was €191.7 Mil. Vault Minerals's Total Assets for the quarter that ended in Jun. 2025 was €1,379.3 Mil. Therefore, Vault Minerals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


Vault Minerals Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Vault Minerals'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.

Vault Minerals Scaled Net Operating Assets Chart

Vault Minerals 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 0.67 1.67 1.01 2.39 0.44

Vault Minerals 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 0.55 3.31 0.47 0.58 0.62

HAM:RKM0 vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Vault Minerals'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.


Vault Minerals Scaled Net Operating Assets vs Metals & Mining Industry

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

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


HAM:RKM0
60GF Score
Vault Minerals Ltd HAM:RKM0
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vault Minerals 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.

Vault Minerals'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 )
=(998.677-195.24)/1830.58
=0.44

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1379.252 - 380.575
=998.677

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=250.762 - 32.185 - 23.337
=195.24

Vault Minerals'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 )
=(1039.573-191.679)/1379.252
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1340.312 - 300.739
=1039.573

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=233.74 - 22.325 - 19.736
=191.679

* 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 0.61 mean?
Vault Minerals (HAM:RKM0) has a Scaled Net Operating Assets of 0.61 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 Vault Minerals and its competitors.
Is Vault Minerals' Scaled Net Operating Assets too high?
Vault Minerals' current Scaled Net Operating Assets is 0.61. Overall, Vault Minerals has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vault Minerals' Scaled Net Operating Assets compare to NEM and AU?
Vault Minerals' Scaled Net Operating Assets of 0.61 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 Vault Minerals and its competitors. Vault Minerals's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vault Minerals stock overvalued right now?
Based on GuruFocus' analysis, Vault Minerals (HAM:RKM0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.39, compared to a current price of €2.69 — trading 589.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Vault Minerals' overall GF Score™ is 60/100 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 Vault Minerals (HAM:RKM0), the current Scaled Net Operating Assets is 0.61 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 Vault Minerals (HAM:RKM0) Overvalued in 2026?

Based on GuruFocus' analysis, Vault Minerals stock appears to be overvalued. The current stock price of €2.69 is trading 589.7% above its estimated GF Value™ of €0.39. GuruFocus considers Vault Minerals to be Significantly Overvalued.

Key valuation signals for HAM:RKM0:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: €0.39 vs. price of €2.69 (589.7% above fair value)
  • GF Score™: 60/100 with 1 warning sign

No single metric tells the full story. See the HAM:RKM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vault Minerals Business Description

Address 85 South Perth Esplanade, Suite 4, Level 3, South Shore Centre, South Perth, Perth, WA, AUS, 6151
Vault Minerals Ltd is engaged in gold production, development, and mineral exploration assets in Australia. The company's operating segment includes King of the Hills, Mount Monger, Deflector, and Sugar Zone. The company generates the majority of its revenue from the King of the Hills project, which produces gold bullion. The Deflector operation produces gold bullion and gold-copper concentrate.
60GF Score

Get the complete analysis for HAM:RKM0

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

€2.69
Price
€0.39
GF Value