Finbond Group (JSE:FGL) Scaled Net Operating Assets: 0.69 (As of Feb. 2026)


JSE:FGL Finbond Group Ltd JSE:FGL
34 GF Score
Price R0.90
GF Value R0.92
Valuation Fairly Valued
! 7 Warning Signs
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What is Finbond Group Scaled Net Operating Assets?

Finbond Group JSE:FGL 34 Scaled Net Operating Assets is 0.69 as of Feb. 2026. GuruFocus rates JSE:FGL with a GF Score™ of 34/100 and a GF Value™ of R0.92 (Fairly Valued). The stock has 7 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.

Finbond Group's operating assets for the quarter that ended in Feb. 2026 was R3,870 Mil. Finbond Group's operating liabilities for the quarter that ended in Feb. 2026 was R687 Mil. Finbond Group's Total Assets for the quarter that ended in Aug. 2025 was R4,621 Mil. Therefore, Finbond Group's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.69.

JSE:FGL
34GF Score
Finbond Group Ltd JSE:FGL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Finbond Group 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.

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

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(3870.279-687.046)/4527.784
=0.70

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4410.013 - 539.734
=3870.279

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3926.637 - 3239.591 - 0
=687.046

Finbond Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(3870.279-687.046)/4620.508
=0.69

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4410.013 - 539.734
=3870.279

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3926.637 - 3239.591 - 0
=687.046

* 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 0.69 mean?
Finbond Group (JSE:FGL) has a Scaled Net Operating Assets of 0.69 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 Finbond Group and its competitors.
Is Finbond Group's Scaled Net Operating Assets too high?
Finbond Group's current Scaled Net Operating Assets is 0.69. Overall, Finbond Group has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Finbond Group's Scaled Net Operating Assets compare to RKT and FNMA?
Finbond Group's Scaled Net Operating Assets of 0.69 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Finbond Group and its competitors. Finbond Group's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finbond Group stock overvalued right now?
Based on GuruFocus' analysis, Finbond Group (JSE:FGL) is currently considered Fairly Valued. The stock's GF Value™ is R0.92, compared to a current price of R0.90 — trading 2.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. Finbond Group's overall GF Score™ is 34/100 with 7 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 Finbond Group (JSE:FGL), the current Scaled Net Operating Assets is 0.69 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 Finbond Group (JSE:FGL) Overvalued in 2026?

Based on GuruFocus' analysis, Finbond Group stock appears to be undervalued. The current stock price of R0.90 is trading 2.2% below its estimated GF Value™ of R0.92. GuruFocus considers Finbond Group to be Fairly Valued.

Key valuation signals for JSE:FGL:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: R0.92 vs. price of R0.90 (2.2% below fair value)
  • GF Score™: 34/100 with 7 warning signs

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

Finbond Group Business Description

Address 446 Rigel Avenue South, Rigel Park, Erasmusrand, Pretoria, GT, ZAF, 0181
Finbond Group Ltd is a financial services institution that is engaged in the design and delivery of value and solution-based savings, credit, and insurance solutions tailored to depositor and borrower requirements. The company's business segments are Deposit and Debt Finance Products, Lending, Property investment, and Transactional banking, and Others. It derives key revenue from the Lending segment. Company opertes in USA, South Africa, and Canada, with majority of revenue from USA.
34GF Score

Get the complete analysis for JSE:FGL

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

R0.90
Price
R0.92
GF Value