Advtech (JSE:ADH) Scaled Net Operating Assets: 0.85 (As of Dec. 2025)


JSE:ADH Advtech Ltd JSE:ADH
81 GF Score
Price R46.81
GF Value R35.51
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Advtech Scaled Net Operating Assets?

Advtech JSE:ADH -1.43% 81 Scaled Net Operating Assets is 0.85 as of Dec. 2025. GuruFocus rates JSE:ADH with a GF Score™ of 81/100 and a GF Value™ of R35.51 (Significantly Overvalued). 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.

Advtech's operating assets for the quarter that ended in Dec. 2025 was R10,952 Mil. Advtech's operating liabilities for the quarter that ended in Dec. 2025 was R1,578 Mil. Advtech's Total Assets for the quarter that ended in Jun. 2025 was R11,067 Mil. Therefore, Advtech's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.85.


Advtech Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Advtech'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.

Advtech Scaled Net Operating Assets Chart

Advtech 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 0.88 0.90 0.87 0.93 0.87

Advtech 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 0.86 0.78 0.87 0.73 0.85

JSE:ADH vs EDU, TAL, LAUR: Scaled Net Operating Assets Comparison

For the Education & Training Services subindustry, Advtech'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.


Advtech Scaled Net Operating Assets vs Education Industry

For the Education industry and Consumer Defensive sector, Advtech's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:ADH
81GF Score
Advtech Ltd JSE:ADH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Advtech 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.

Advtech'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 )
=(10952.2-1578)/10776.6
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11297 - 344.8
=10952.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4572 - 1177.1 - 1816.9
=1578

Advtech'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 )
=(10952.2-1578)/11067.1
=0.85

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11297 - 344.8
=10952.2

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4572 - 1177.1 - 1816.9
=1578

* 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 0.85 mean?
Advtech (JSE:ADH) has a Scaled Net Operating Assets of 0.85 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 Advtech and its competitors.
Is Advtech's Scaled Net Operating Assets too high?
Advtech's current Scaled Net Operating Assets is 0.85. Overall, Advtech has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advtech's Scaled Net Operating Assets compare to EDU and TAL?
Advtech's Scaled Net Operating Assets of 0.85 can be compared against companies in the Education 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 Education company?
A good Scaled Net Operating Assets depends on the Education 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 Advtech and its competitors. Advtech's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advtech stock overvalued right now?
Based on GuruFocus' analysis, Advtech (JSE:ADH) is currently considered Significantly Overvalued. The stock's GF Value™ is R35.51, compared to a current price of R46.81 — trading 31.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.85. Advtech's overall GF Score™ is 81/100 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 Advtech (JSE:ADH), the current Scaled Net Operating Assets is 0.85 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 Advtech (JSE:ADH) Overvalued in 2026?

Based on GuruFocus' analysis, Advtech stock appears to be overvalued. The current stock price of R46.81 is trading 31.8% above its estimated GF Value™ of R35.51. GuruFocus considers Advtech to be Significantly Overvalued.

Key valuation signals for JSE:ADH:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: R35.51 vs. price of R46.81 (31.8% above fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Advtech Business Description

Address 54 Wierda Road West, ADvTECH House, Inanda Greens Office Park, Building 7, Wierda Valley, Sandton, Johannesburg, GT, ZAF, 2196
Advtech Ltd is a South Africa-based company engaged in education and training services. The company has three primary business segments, Schools, Tertiary, and Resourcing. The Schools segment offers pre-primary, primary, and secondary educations services. The Tertiary segment provides diploma, degree, and post-graduate services. The Resourcing segment provides permanent, temporary, and contract staffing solutions. These staffing positions are in several areas such as information technology, network finance, accounting and finance, engineering, and advertising.
81GF 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.

R46.81
Price
R35.51
GF Value