Brait (JSE:BAT) Scaled Net Operating Assets: 1.01 (As of Mar. 2026)


JSE:BAT Brait PLC JSE:BAT
28 GF Score
Price R2.07
! 5 Warning Signs
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What is Brait Scaled Net Operating Assets?

Brait JSE:BAT -0.96% 28 Scaled Net Operating Assets is 1.01 as of Mar. 2026. GuruFocus rates JSE:BAT with a GF Score™ of 28/100. 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.

Brait's operating assets for the quarter that ended in Mar. 2026 was R15,443 Mil. Brait's operating liabilities for the quarter that ended in Mar. 2026 was R87 Mil. Brait's Total Assets for the quarter that ended in Sep. 2025 was R15,150 Mil. Therefore, Brait's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.01.

JSE:BAT
28GF Score
Brait PLC JSE:BAT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Brait 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.

Brait's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(15443-87)/14785
=1.04

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15445 - 2
=15443

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2800 - 2713 - 0
=87

Brait'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 )
=(15443-87)/15150
=1.01

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15445 - 2
=15443

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2800 - 2713 - 0
=87

* 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 1.01 mean?
Brait (JSE:BAT) has a Scaled Net Operating Assets of 1.01 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 Brait and its competitors.
Is Brait's Scaled Net Operating Assets too high?
Brait's current Scaled Net Operating Assets is 1.01. Overall, Brait has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Brait's Scaled Net Operating Assets compare to BLK and BX?
Brait's Scaled Net Operating Assets of 1.01 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 Brait and its competitors. Brait's current Scaled Net Operating Assets is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brait stock overvalued right now?
Brait (JSE:BAT) has a current Scaled Net Operating Assets of 1.01. The current Scaled Net Operating Assets is 1.01. Brait's overall GF Score™ is 28/100 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 Brait (JSE:BAT), the current Scaled Net Operating Assets is 1.01 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.

Brait Business Description

Other Exchanges B2E:Germany
Address c/o Stonehage Fleming (Mauritius) Limited, 1st Floor, Les Fascines Block B, Vivea Business Park, Moka, Port Louis, MUS
Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over three years. Revenue is almost exclusively derived from gains on the group's investment portfolio.
28GF 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.

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