PT Surya Fajar Capital Tbk (ISX:SFAN) Scaled Net Operating Assets: 0.34 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:SFAN PT Surya Fajar Capital Tbk ISX:SFAN
57 GF Score
Price Rp1,975.00
GF Value Rp1,305.84
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Surya Fajar Capital Tbk Scaled Net Operating Assets?

PT Surya Fajar Capital Tbk ISX:SFAN -0.25% 57 Scaled Net Operating Assets is 0.34 as of Mar. 2026. GuruFocus rates ISX:SFAN with a GF Score™ of 57/100 and a GF Value™ of Rp1,305.84 (Significantly Overvalued). The stock has 7 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 Surya Fajar Capital Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp83,027 Mil. PT Surya Fajar Capital Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp20,638 Mil. PT Surya Fajar Capital Tbk's Total Assets for the quarter that ended in Sep. 2025 was Rp183,268 Mil. Therefore, PT Surya Fajar Capital Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.34.


PT Surya Fajar Capital Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Surya Fajar Capital 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 Surya Fajar Capital Tbk Scaled Net Operating Assets Chart

PT Surya Fajar Capital Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.81 0.51 0.37 0.49 0.30

PT Surya Fajar Capital Tbk Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.51 0.56 0.47 0.49 0.34

ISX:SFAN vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, PT Surya Fajar Capital 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 Surya Fajar Capital Tbk Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Surya Fajar Capital Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Surya Fajar Capital Tbk's Scaled Net Operating Assets falls into.


ISX:SFAN
57GF Score
PT Surya Fajar Capital Tbk ISX:SFAN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Surya Fajar Capital 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 Surya Fajar Capital Tbk'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 )
=(118538.433-20281.631)/324722.84
=0.30

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=178961.469 - 60423.036
=118538.433

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20281.631 - 0 - 0
=20281.631

PT Surya Fajar Capital 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: Sep. 2025 )
=(83026.852-20637.606)/183268.396
=0.34

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=147251.54 - 64224.688
=83026.852

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21210.771 - 0 - 573.165
=20637.606

* 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 0.34 mean?
PT Surya Fajar Capital Tbk (ISX:SFAN) has a Scaled Net Operating Assets of 0.34 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 Surya Fajar Capital Tbk and its competitors.
Is PT Surya Fajar Capital Tbk's Scaled Net Operating Assets too high?
PT Surya Fajar Capital Tbk's current Scaled Net Operating Assets is 0.34. Overall, PT Surya Fajar Capital Tbk has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Fajar Capital Tbk's Scaled Net Operating Assets compare to BLK and BX?
PT Surya Fajar Capital Tbk's Scaled Net Operating Assets of 0.34 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 PT Surya Fajar Capital Tbk and its competitors. PT Surya Fajar Capital Tbk's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Fajar Capital Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Fajar Capital Tbk (ISX:SFAN) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,305.84, compared to a current price of Rp1,975.00 — trading 51.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. PT Surya Fajar Capital Tbk's overall GF Score™ is 57/100 with 7 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 Surya Fajar Capital Tbk (ISX:SFAN), the current Scaled Net Operating Assets is 0.34 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 Surya Fajar Capital Tbk (ISX:SFAN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Surya Fajar Capital Tbk stock appears to be overvalued. The current stock price of Rp1,975.00 is trading 51.2% above its estimated GF Value™ of Rp1,305.84. GuruFocus considers PT Surya Fajar Capital Tbk to be Significantly Overvalued.

Key valuation signals for ISX:SFAN:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: Rp1,305.84 vs. price of Rp1,975.00 (51.2% above fair value)
  • GF Score™: 57/100 with 7 warning signs

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


PT Surya Fajar Capital Tbk Business Description

Address Jalan Prof. Dr. Satrio Blok C4/5, Satrio Tower Building, 14th Floor, Unit 6, Kuningan, Jakarta, IDN, 12950
PT Surya Fajar Capital Tbk is an Indonesia-based company engaged in management and business consulting services, trade, finance & investment, directly or indirectly through its Subsidiaries. The Group has five reportable segments, including brokerage and underwriting, financial technology peer-to-peer lending, Consultancy services, crowdfunding/Information technology with securities crowdfunding, and Electronic payment services (including IT Consultancy Services). The majority of its revenue is generated from the Brokerage Commissions.
57GF Score

Get the complete analysis for ISX:SFAN

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

Rp1,975.00
Price
Rp1,305.84
GF Value