PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Scaled Net Operating Assets: 0.30 (As of Mar. 2026)


ISX:GOTO PT Goto Gojek Tokopedia Tbk ISX:GOTO
72 GF Score
Price Rp50.00
GF Value Rp85.12
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Goto Gojek Tokopedia Tbk Scaled Net Operating Assets?

PT Goto Gojek Tokopedia Tbk ISX:GOTO 72 Scaled Net Operating Assets is 0.30 as of Mar. 2026. GuruFocus rates ISX:GOTO with a GF Score™ of 72/100 and a GF Value™ of Rp85.12 (Possible Value Trap). The stock has 5 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 Goto Gojek Tokopedia Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp23,746,350 Mil. PT Goto Gojek Tokopedia Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp9,955,106 Mil. PT Goto Gojek Tokopedia Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp45,757,642 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.30.


PT Goto Gojek Tokopedia Tbk Scaled Net Operating Assets Historical Data

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The historical data trend for PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Scaled Net Operating Assets Chart

PT Goto Gojek Tokopedia Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 3.65 0.62 0.09 0.26 0.33

PT Goto Gojek Tokopedia Tbk Quarterly Data
Dec20 Jul21 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 0.32 0.35 0.36 0.34 0.30

ISX:GOTO vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Scaled Net Operating Assets falls into.


ISX:GOTO
72GF Score
PT Goto Gojek Tokopedia Tbk ISX:GOTO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia 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 )
=(23696725-9303342)/43207884
=0.33

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45757642 - 22060917
=23696725

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17045985 - 6218885 - 1523758
=9303342

PT Goto Gojek Tokopedia 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 )
=(23746350-9955106)/45757642
=0.30

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46776631 - 23030281
=23746350

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17954417 - 6316649 - 1682662
=9955106

* 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 0.30 mean?
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) has a Scaled Net Operating Assets of 0.30 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 Goto Gojek Tokopedia Tbk and its competitors.
Is PT Goto Gojek Tokopedia Tbk's Scaled Net Operating Assets too high?
PT Goto Gojek Tokopedia Tbk's current Scaled Net Operating Assets is 0.30. Overall, PT Goto Gojek Tokopedia Tbk has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Goto Gojek Tokopedia Tbk's Scaled Net Operating Assets compare to MSFT and ORCL?
PT Goto Gojek Tokopedia Tbk's Scaled Net Operating Assets of 0.30 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Goto Gojek Tokopedia Tbk and its competitors. PT Goto Gojek Tokopedia Tbk's current Scaled Net Operating Assets is 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Goto Gojek Tokopedia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk (ISX:GOTO) is currently considered Possible Value Trap. The stock's GF Value™ is Rp85.12, compared to a current price of Rp50.00 — trading 41.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.30. PT Goto Gojek Tokopedia Tbk's overall GF Score™ is 72/100 with 5 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 Goto Gojek Tokopedia Tbk (ISX:GOTO), the current Scaled Net Operating Assets is 0.30 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 Goto Gojek Tokopedia Tbk (ISX:GOTO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk stock appears to be undervalued. The current stock price of Rp50.00 is trading 41.3% below its estimated GF Value™ of Rp85.12. GuruFocus considers PT Goto Gojek Tokopedia Tbk to be Possible Value Trap.

Key valuation signals for ISX:GOTO:

  • Scaled Net Operating Assets: 0.30
  • GF Value™: Rp85.12 vs. price of Rp50.00 (41.3% below fair value)
  • GF Score™: 72/100 with 5 warning signs

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


PT Goto Gojek Tokopedia Tbk Business Description

Other Exchanges GTOFF:USACK8:Germany
Address Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the financial services business to account for the majority of revenue while its on-demand business begins to become less of a priority. Prior to the deconsolidation, 82% of nonfinancial services' gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy-now, pay-later programs. The company competes with Grab in the ride-hailing and delivery business.
72GF Score

Get the complete analysis for ISX:GOTO

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

Rp50.00
Price
Rp85.12
GF Value