Goldrush Holdings (JSE:GRSP) Scaled Net Operating Assets: 0.39 (As of Sep. 2025)


JSE:GRSP Goldrush Holdings Ltd JSE:GRSP
66 GF Score
Price R6.15
GF Value R1,176.62
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Goldrush Holdings Scaled Net Operating Assets?

Goldrush Holdings JSE:GRSP +3.19% 66 Scaled Net Operating Assets is 0.39 as of Sep. 2025. GuruFocus rates JSE:GRSP with a GF Score™ of 66/100 and a GF Value™ of R1,176.62 (Possible Value Trap). The stock has 3 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.

Goldrush Holdings's operating assets for the quarter that ended in Sep. 2025 was R3,318 Mil. Goldrush Holdings's operating liabilities for the quarter that ended in Sep. 2025 was R2,048 Mil. Goldrush Holdings's Total Assets for the quarter that ended in Mar. 2025 was R3,297 Mil. Therefore, Goldrush Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.39.


Goldrush Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Goldrush Holdings'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.

Goldrush Holdings Scaled Net Operating Assets Chart

Goldrush Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.68 0.98 0.96 1.75

Goldrush Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.83 1.15 2.13 0.38 0.39

JSE:GRSP vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Goldrush Holdings'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.


Goldrush Holdings Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldrush Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:GRSP
66GF Score
Goldrush Holdings Ltd JSE:GRSP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldrush Holdings 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(3220.894-1988.724)/704.352
=1.75

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3297.234 - 76.34
=3220.894

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2061.836 - 18.078 - 55.034
=1988.724

Goldrush Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(3318.1-2047.785)/3297.234
=0.39

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3379.511 - 61.411
=3318.1

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2122.842 - 19.777 - 55.28
=2047.785

* 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 0.39 mean?
Goldrush Holdings (JSE:GRSP) has a Scaled Net Operating Assets of 0.39 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Goldrush Holdings and its competitors.
Is Goldrush Holdings' Scaled Net Operating Assets too high?
Goldrush Holdings' current Scaled Net Operating Assets is 0.39. Overall, Goldrush Holdings has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Goldrush Holdings' Scaled Net Operating Assets compare to BLK and BX?
Goldrush Holdings' Scaled Net Operating Assets of 0.39 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 Goldrush Holdings and its competitors. Goldrush Holdings's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldrush Holdings stock overvalued right now?
Based on GuruFocus' analysis, Goldrush Holdings (JSE:GRSP) is currently considered Possible Value Trap. The stock's GF Value™ is R1,176.62, compared to a current price of R6.15 — trading 99.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.39. Goldrush Holdings' overall GF Score™ is 66/100 with 3 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 Goldrush Holdings (JSE:GRSP), the current Scaled Net Operating Assets is 0.39 as of Sep. 2025. 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 Goldrush Holdings (JSE:GRSP) Overvalued in 2026?

Based on GuruFocus' analysis, Goldrush Holdings stock appears to be undervalued. The current stock price of R6.15 is trading 99.5% below its estimated GF Value™ of R1,176.62. GuruFocus considers Goldrush Holdings to be Possible Value Trap.

Key valuation signals for JSE:GRSP:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: R1,176.62 vs. price of R6.15 (99.5% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Goldrush Holdings Business Description

Address 50 Bree Street, 1st Floor, The Barracks, Cape Town, WC, ZAF, 8001
Goldrush Holdings Ltd is a closed-end investment company making long-term investments. Its investment objective is to make long-term investments for generating high real returns from capital appreciation, and investment income. It operates principally in South Africa. The company's revenue source is from dividends and interests.
66GF Score

Get the complete analysis for JSE:GRSP

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

R6.15
Price
R1,176.62
GF Value