Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Harmony Gold Mining Co's operating assets for the quarter that ended in Dec. 2025 was $6,373 Mil. Harmony Gold Mining Co's operating liabilities for the quarter that ended in Dec. 2025 was $2,942 Mil. Harmony Gold Mining Co's Total Assets for the quarter that ended in Jun. 2025 was $4,349 Mil. Therefore, Harmony Gold Mining Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.79.
Harmony Gold Mining Co Scaled Net Operating Assets Related Terms
Harmony Gold Mining Co Scaled Net Operating Assets Historical Data
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The historical data trend for Harmony Gold Mining Co'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.
Harmony Gold Mining Co Scaled Net Operating Assets Chart
HGMCF vs NEM, AU, RGLD: Scaled Net Operating Assets Comparison
For the Gold subindustry, Harmony Gold Mining Co'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.
Harmony Gold Mining Co Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's Scaled Net Operating Assets falls into.
* 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 0.79 mean?
Harmony Gold Mining Co (HGMCF) has a Scaled Net Operating Assets of 0.79 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 Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Scaled Net Operating Assets too high?
Harmony Gold Mining Co's current Scaled Net Operating Assets is 0.79. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Scaled Net Operating Assets compare to NEM and AU?
Harmony Gold Mining Co's Scaled Net Operating Assets of 0.79 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 Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HGMCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.90, compared to a current price of $17.45 — trading 12.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. Harmony Gold Mining Co's overall GF Score™ is 92/100. 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 Harmony Gold Mining Co (HGMCF), the current Scaled Net Operating Assets is 0.79 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 Harmony Gold Mining Co (HGMCF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued.
The current stock price of $17.45 is trading 12.3% below its estimated GF Value™ of $19.90.
GuruFocus considers Harmony Gold Mining Co to be Modestly Undervalued.
Key valuation signals for HGMCF:
Scaled Net Operating Assets: 0.79
GF Value™: $19.90 vs. price of $17.45 (12.3% below fair value)
No single metric tells the full story. See the HGMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score
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