Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Adcorp Holdings's operating assets for the quarter that ended in Feb. 2026 was R2,621 Mil. Adcorp Holdings's operating liabilities for the quarter that ended in Feb. 2026 was R1,152 Mil. Adcorp Holdings's Total Assets for the quarter that ended in Aug. 2025 was R3,173 Mil. Therefore, Adcorp Holdings's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.46.
Adcorp Holdings Scaled Net Operating Assets Related Terms
Adcorp Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for Adcorp Holdings'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.
JSE:ADR vs KFY, RHI, TNET: Scaled Net Operating Assets Comparison
For the Staffing & Employment Services subindustry, Adcorp Holdings'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.
Adcorp Holdings Scaled Net Operating Assets vs Business Services Industry
For the Business Services industry and Industrials sector, Adcorp Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Adcorp Holdings'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 0.46 mean?
Adcorp Holdings (JSE:ADR) has a Scaled Net Operating Assets of 0.46 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Adcorp Holdings and its competitors.
Is Adcorp Holdings' Scaled Net Operating Assets too high?
Adcorp Holdings' current Scaled Net Operating Assets is 0.46. Overall, Adcorp Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' Scaled Net Operating Assets compare to KFY and RHI?
Adcorp Holdings' Scaled Net Operating Assets of 0.46 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 Adcorp Holdings and its competitors. Adcorp Holdings's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.60 — trading 43.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.46. Adcorp Holdings' overall GF Score™ is 60/100 with 4 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 Adcorp Holdings (JSE:ADR), the current Scaled Net Operating Assets is 0.46 as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?
Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued.
The current stock price of R6.60 is trading 43.5% above its estimated GF Value™ of R4.60.
GuruFocus considers Adcorp Holdings to be Significantly Overvalued.
Key valuation signals for JSE:ADR:
Scaled Net Operating Assets: 0.46
GF Value™: R4.60 vs. price of R6.60 (43.5% above fair value)
No single metric tells the full story. See the JSE:ADR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
60GF Score
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