Fairvest (JSE:FTB) Scaled Net Operating Assets: 1.00 (As of Mar. 2026)


JSE:FTB Fairvest Ltd JSE:FTB
54 GF Score
Price R7.35
GF Value R4.54
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Fairvest Scaled Net Operating Assets?

Fairvest JSE:FTB +0.14% 54 Scaled Net Operating Assets is 1.00 as of Mar. 2026. GuruFocus rates JSE:FTB with a GF Score™ of 54/100 and a GF Value™ of R4.54 (Significantly Overvalued). 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.

Fairvest's operating assets for the quarter that ended in Mar. 2026 was R16,665 Mil. Fairvest's operating liabilities for the quarter that ended in Mar. 2026 was R733 Mil. Fairvest's Total Assets for the quarter that ended in Sep. 2025 was R15,864 Mil. Therefore, Fairvest's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.00.


Fairvest Scaled Net Operating Assets Historical Data

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The historical data trend for Fairvest'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.

Fairvest Scaled Net Operating Assets Chart

Fairvest Annual Data
Trend Jun21 Sep23 Sep24 Sep25
Scaled Net Operating Assets
0.92 3.11 0.97 1.17

Fairvest Semi-Annual Data
Jun21 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.93 0.98 1.04 1.06 1.00

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

For the REIT - Retail subindustry, Fairvest'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.


Fairvest Scaled Net Operating Assets vs REITs Industry

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

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


JSE:FTB
54GF Score
Fairvest Ltd JSE:FTB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fairvest 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.

Fairvest's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(15802.332-739.396)/12901.74
=1.17

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15863.986 - 61.654
=15802.332

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4719.198 - 3079.387 - 900.415
=739.396

Fairvest'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 )
=(16665.225-733.326)/15863.986
=1.00

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16753.373 - 88.148
=16665.225

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5137.978 - 3111.554 - 1293.098
=733.326

* 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 1.00 mean?
Fairvest (JSE:FTB) has a Scaled Net Operating Assets of 1.00 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 Fairvest and its competitors.
Is Fairvest's Scaled Net Operating Assets too high?
Fairvest's current Scaled Net Operating Assets is 1.00. Overall, Fairvest has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fairvest's Scaled Net Operating Assets compare to SPG and O?
Fairvest's Scaled Net Operating Assets of 1.00 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 Fairvest and its competitors. Fairvest's current Scaled Net Operating Assets is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairvest stock overvalued right now?
Based on GuruFocus' analysis, Fairvest (JSE:FTB) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.54, compared to a current price of R7.35 — trading 61.9% above its estimated fair value. The current Scaled Net Operating Assets is 1.00. Fairvest's overall GF Score™ is 54/100 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 Fairvest (JSE:FTB), the current Scaled Net Operating Assets is 1.00 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 Fairvest (JSE:FTB) Overvalued in 2026?

Based on GuruFocus' analysis, Fairvest stock appears to be overvalued. The current stock price of R7.35 is trading 61.9% above its estimated GF Value™ of R4.54. GuruFocus considers Fairvest to be Significantly Overvalued.

Key valuation signals for JSE:FTB:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: R4.54 vs. price of R7.35 (61.9% above fair value)
  • GF Score™: 54/100 with 7 warning signs

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


Fairvest Business Description

Industry Real EstateREITs
Address 1 Sturdee Avenue, Rosebank, 3rd Floor, Upper Building, Johannesburg, GT, ZAF, 2196
Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial and Retail, Residential and overheads. The majority is from the Retail segment. Geographically, it is located in South Africa but its geographic segments ranges in Gauteng, Western Cape, KwaZuluNatal, Eastern Cape, Limpopo, Mpumalanga, North West Northern Cape,Free State and Other. The key revenue here is observed in the western cape region.
54GF 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.

R7.35
Price
R4.54
GF Value