Castleview Property Fund (JSE:CVW) Scaled Net Operating Assets: 0.90 (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.

JSE:CVW Castleview Property Fund Ltd JSE:CVW
58 GF Score
Price R10.40
GF Value R7.31
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Castleview Property Fund Scaled Net Operating Assets?

Castleview Property Fund JSE:CVW 58 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates JSE:CVW with a GF Score™ of 58/100 and a GF Value™ of R7.31 (Significantly Overvalued). The stock has 11 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.

Castleview Property Fund's operating assets for the quarter that ended in Mar. 2026 was R22,909 Mil. Castleview Property Fund's operating liabilities for the quarter that ended in Mar. 2026 was R684 Mil. Castleview Property Fund's Total Assets for the quarter that ended in Sep. 2025 was R24,806 Mil. Therefore, Castleview Property Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.


Castleview Property Fund Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Castleview Property Fund'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.

Castleview Property Fund Scaled Net Operating Assets Chart

Castleview Property Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 1.10 57.08 0.94 1.03 0.94

Castleview Property Fund Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Sep23 Mar24 Sep24 Mar25 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 0.96 1.03 0.96 1.00 0.90

JSE:CVW vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, Castleview Property Fund'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.


Castleview Property Fund Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:CVW
58GF Score
Castleview Property Fund Ltd JSE:CVW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Castleview Property Fund 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.

Castleview Property Fund'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 )
=(22908.624-684.241)/23598.657
=0.94

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=24849.42 - 1940.796
=22908.624

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12088.669 - 10228.96 - 1175.468
=684.241

Castleview Property Fund'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 )
=(22908.624-684.241)/24805.704
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=24849.42 - 1940.796
=22908.624

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12088.669 - 10228.96 - 1175.468
=684.241

* 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 0.90 mean?
Castleview Property Fund (JSE:CVW) has a Scaled Net Operating Assets of 0.90 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 Castleview Property Fund and its competitors.
Is Castleview Property Fund's Scaled Net Operating Assets too high?
Castleview Property Fund's current Scaled Net Operating Assets is 0.90. Overall, Castleview Property Fund has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Castleview Property Fund's Scaled Net Operating Assets compare to SPG and O?
Castleview Property Fund's Scaled Net Operating Assets of 0.90 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Castleview Property Fund and its competitors. Castleview Property Fund's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Castleview Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Castleview Property Fund (JSE:CVW) is currently considered Significantly Overvalued. The stock's GF Value™ is R7.31, compared to a current price of R10.40 — trading 42.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.90. Castleview Property Fund's overall GF Score™ is 58/100 with 11 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 Castleview Property Fund (JSE:CVW), the current Scaled Net Operating Assets is 0.90 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 Castleview Property Fund (JSE:CVW) Overvalued in 2026?

Based on GuruFocus' analysis, Castleview Property Fund stock appears to be overvalued. The current stock price of R10.40 is trading 42.3% above its estimated GF Value™ of R7.31. GuruFocus considers Castleview Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:CVW:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: R7.31 vs. price of R10.40 (42.3% above fair value)
  • GF Score™: 58/100 with 11 warning signs

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


Castleview Property Fund Business Description

Industry Real EstateREITs
Address 13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001
Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.
58GF Score

Get the complete analysis for JSE:CVW

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

R10.40
Price
R7.31
GF Value