Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
KAP's operating assets for the quarter that ended in Dec. 2025 was R28,774 Mil. KAP's operating liabilities for the quarter that ended in Dec. 2025 was R7,093 Mil. KAP's Total Assets for the quarter that ended in Jun. 2025 was R30,805 Mil. Therefore, KAP's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.70.
KAP Scaled Net Operating Assets Related Terms
KAP Scaled Net Operating Assets Historical Data
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The historical data trend for KAP'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.
JSE:KAP vs HON, MMM: Scaled Net Operating Assets Comparison
For the Conglomerates subindustry, KAP'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.
KAP Scaled Net Operating Assets vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, KAP's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where KAP's Scaled Net Operating Assets falls into.
* 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 0.70 mean?
KAP (JSE:KAP) has a Scaled Net Operating Assets of 0.70 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KAP and its competitors.
Is KAP's Scaled Net Operating Assets too high?
KAP's current Scaled Net Operating Assets is 0.70. Overall, KAP has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KAP's Scaled Net Operating Assets compare to HON and MMM?
KAP's Scaled Net Operating Assets of 0.70 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 KAP and its competitors. KAP's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KAP stock overvalued right now?
Based on GuruFocus' analysis, KAP (JSE:KAP) is currently considered Fairly Valued. The stock's GF Value™ is R2.62, compared to a current price of R2.77 — trading 5.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. KAP's overall GF Score™ is 74/100 with 9 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 KAP (JSE:KAP), the current Scaled Net Operating Assets is 0.70 as of Dec. 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 KAP (JSE:KAP) Overvalued in 2026?
Based on GuruFocus' analysis, KAP stock appears to be overvalued.
The current stock price of R2.77 is trading 5.7% above its estimated GF Value™ of R2.62.
GuruFocus considers KAP to be Fairly Valued.
Key valuation signals for JSE:KAP:
Scaled Net Operating Assets: 0.70
GF Value™: R2.62 vs. price of R2.77 (5.7% above fair value)
No single metric tells the full story. See the JSE:KAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KAP Ltd is a diversified group consisting of industrial, chemical, and logistics businesses, and road safety segments in sub-Saharan Africa. It operates through the following segments: PG Bison, Safripol, Unitrans, Feltex, Restonic, Optix, and Corporate. It generates the majority of its revenue from the Unitrans segment which is involved in a supply chain and operational services business providing customized solutions to customers in a diverse range of sectors, including consumer, agriculture, petrochemical, mining, and passenger transport.
74GF Score
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