PT Adirana Armada Tbk (ISX:ASSA) Scaled Net Operating Assets: 0.78 (As of Mar. 2026)


ISX:ASSA PT Adi Sarana Armada Tbk ISX:ASSA
90 GF Score
Price Rp610.00
GF Value Rp1,058.87
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Adirana Armada Tbk Scaled Net Operating Assets?

PT Adirana Armada Tbk ISX:ASSA -4.69% 90 Scaled Net Operating Assets is 0.78 as of Mar. 2026. GuruFocus rates ISX:ASSA with a GF Score™ of 90/100 and a GF Value™ of Rp1,058.87 (Possible Value Trap). 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.

PT Adirana Armada Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp7,738,705 Mil. PT Adirana Armada Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp1,108,109 Mil. PT Adirana Armada Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp8,473,094 Mil. Therefore, PT Adirana Armada Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.


PT Adirana Armada Tbk Scaled Net Operating Assets Historical Data

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The historical data trend for PT Adirana Armada Tbk'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.

PT Adirana Armada Tbk Scaled Net Operating Assets Chart

PT Adirana Armada Tbk 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 0.95 0.93 0.78 0.84 0.82

PT Adirana Armada Tbk 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 0.81 0.75 0.75 0.75 0.78

ISX:ASSA vs URI, SUNB, AER: Scaled Net Operating Assets Comparison

For the Rental & Leasing Services subindustry, PT Adirana Armada Tbk'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.


PT Adirana Armada Tbk Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Adirana Armada Tbk's Scaled Net Operating Assets falls into.


ISX:ASSA
90GF Score
PT Adi Sarana Armada Tbk ISX:ASSA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Adirana Armada Tbk 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.

PT Adirana Armada Tbk'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 )
=(7319787.182-997784.425)/7724162.675
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8473094.348 - 1153307.166
=7319787.182

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5279490.572 - 2909553.476 - 1372152.671
=997784.425

PT Adirana Armada Tbk'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 )
=(7738705.375-1108109.432)/8473094.348
=0.78

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8855120.771 - 1116415.396
=7738705.375

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5468024.882 - 2859703.565 - 1500211.885
=1108109.432

* 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 0.78 mean?
PT Adirana Armada Tbk (ISX:ASSA) has a Scaled Net Operating Assets of 0.78 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 PT Adirana Armada Tbk and its competitors.
Is PT Adirana Armada Tbk's Scaled Net Operating Assets too high?
PT Adirana Armada Tbk's current Scaled Net Operating Assets is 0.78. Overall, PT Adirana Armada Tbk has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's Scaled Net Operating Assets compare to URI and SUNB?
PT Adirana Armada Tbk's Scaled Net Operating Assets of 0.78 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 PT Adirana Armada Tbk and its competitors. PT Adirana Armada Tbk's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,058.87, compared to a current price of Rp610.00 — trading 42.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. PT Adirana Armada Tbk's overall GF Score™ is 90/100 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 PT Adirana Armada Tbk (ISX:ASSA), the current Scaled Net Operating Assets is 0.78 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 PT Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued. The current stock price of Rp610.00 is trading 42.4% below its estimated GF Value™ of Rp1,058.87. GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.

Key valuation signals for ISX:ASSA:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: Rp1,058.87 vs. price of Rp610.00 (42.4% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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


PT Adirana Armada Tbk Business Description

Address Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
90GF 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.

Rp610.00
Price
Rp1,058.87
GF Value