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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
MAS's operating assets for the quarter that ended in Dec. 2025 was R31,523 Mil. MAS's operating liabilities for the quarter that ended in Dec. 2025 was R1,601 Mil. MAS's Total Assets for the quarter that ended in Jun. 2025 was R38,058 Mil. Therefore, MAS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.79.
MAS Scaled Net Operating Assets Related Terms
MAS Scaled Net Operating Assets Historical Data
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The historical data trend for MAS'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.
MAS Scaled Net Operating Assets Competitor Comparison
For the Real Estate - Diversified subindustry, MAS'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.
MAS Scaled Net Operating Assets vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MAS's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where MAS'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 0.79 mean?
MAS (JSE:MSP) has a Scaled Net Operating Assets of 0.79 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 MAS and its competitors.
Is MAS's Scaled Net Operating Assets too high?
MAS's current Scaled Net Operating Assets is 0.79. Overall, MAS has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MAS's Scaled Net Operating Assets compare to competitors?
MAS's Scaled Net Operating Assets of 0.79 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 MAS and its competitors. MAS's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS stock overvalued right now?
Based on GuruFocus' analysis, MAS (JSE:MSP) is currently considered Modestly Overvalued. The stock's GF Value™ is R20.09, compared to a current price of R22.31 — trading 11.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.79. MAS's overall GF Score™ is 73/100 with 6 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 MAS (JSE:MSP), the current Scaled Net Operating Assets is 0.79 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 MAS (JSE:MSP) Overvalued in 2026?
Based on GuruFocus' analysis, MAS stock appears to be overvalued.
The current stock price of R22.31 is trading 11.1% above its estimated GF Value™ of R20.09.
GuruFocus considers MAS to be Modestly Overvalued.
Key valuation signals for JSE:MSP:
Scaled Net Operating Assets: 0.79
GF Value™: R20.09 vs. price of R22.31 (11.1% above fair value)
No single metric tells the full story. See the JSE:MSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS PLC is a property investor. It owns income generating properties in Romania, Bulgaria, and Poland. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.
73GF 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.
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