Deneb Investments (JSE:DNB) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


JSE:DNB Deneb Investments Ltd JSE:DNB
75 GF Score
Price R2.50
GF Value R2.72
Valuation Fairly Valued
! 4 Warning Signs
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What is Deneb Investments Scaled Net Operating Assets?

Deneb Investments JSE:DNB 75 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates JSE:DNB with a GF Score™ of 75/100 and a GF Value™ of R2.72 (Fairly Valued). The stock has 4 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.

Deneb Investments's operating assets for the quarter that ended in Mar. 2026 was R3,331 Mil. Deneb Investments's operating liabilities for the quarter that ended in Mar. 2026 was R826 Mil. Deneb Investments's Total Assets for the quarter that ended in Sep. 2025 was R3,717 Mil. Therefore, Deneb Investments's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


Deneb Investments Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Deneb Investments'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.

Deneb Investments Scaled Net Operating Assets Chart

Deneb Investments Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.83 0.75 0.75 0.71

Deneb Investments Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only 0.72 0.81 0.72 0.79 0.67

JSE:DNB vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Deneb Investments'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.


Deneb Investments Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deneb Investments's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:DNB
75GF Score
Deneb Investments Ltd JSE:DNB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Deneb Investments 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.

Deneb Investments'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 )
=(3331.364-825.96)/3545.149
=0.71

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3431.78 - 100.416
=3331.364

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1337.759 - 436.59 - 75.209
=825.96

Deneb Investments'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 )
=(3331.364-825.96)/3717.252
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3431.78 - 100.416
=3331.364

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1337.759 - 436.59 - 75.209
=825.96

* 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 0.67 mean?
Deneb Investments (JSE:DNB) has a Scaled Net Operating Assets of 0.67 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 Deneb Investments and its competitors.
Is Deneb Investments' Scaled Net Operating Assets too high?
Deneb Investments' current Scaled Net Operating Assets is 0.67. Overall, Deneb Investments has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deneb Investments' Scaled Net Operating Assets compare to HON and MMM?
Deneb Investments' Scaled Net Operating Assets of 0.67 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Deneb Investments and its competitors. Deneb Investments's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deneb Investments stock overvalued right now?
Based on GuruFocus' analysis, Deneb Investments (JSE:DNB) is currently considered Fairly Valued. The stock's GF Value™ is R2.72, compared to a current price of R2.50 — trading 8.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. Deneb Investments' overall GF Score™ is 75/100 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 Deneb Investments (JSE:DNB), the current Scaled Net Operating Assets is 0.67 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 Deneb Investments (JSE:DNB) Overvalued in 2026?

Based on GuruFocus' analysis, Deneb Investments stock appears to be undervalued. The current stock price of R2.50 is trading 8.1% below its estimated GF Value™ of R2.72. GuruFocus considers Deneb Investments to be Fairly Valued.

Key valuation signals for JSE:DNB:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: R2.72 vs. price of R2.50 (8.1% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Deneb Investments Business Description

Address 368 Main Road, 5th Floor, Deneb House, Observatory, Cape Town, WC, ZAF, 7925
Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Properties; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America, and South America, of which the majority of the revenue is generated from South Africa.
75GF 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.

R2.50
Price
R2.72
GF Value