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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.
Nictus's operating assets for the quarter that ended in Mar. 2026 was R61.66 Mil. Nictus's operating liabilities for the quarter that ended in Mar. 2026 was R926.77 Mil. Nictus's Total Assets for the quarter that ended in Sep. 2025 was R1,019.74 Mil. Therefore, Nictus's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.85.
Nictus Scaled Net Operating Assets Related Terms
Nictus Scaled Net Operating Assets Historical Data
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The historical data trend for Nictus'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:NCS vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison
For the Specialty Retail subindustry, Nictus'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.
Nictus Scaled Net Operating Assets vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Nictus'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 -0.85 mean?
Nictus (JSE:NCS) has a Scaled Net Operating Assets of -0.85 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 Nictus and its competitors.
Is Nictus' Scaled Net Operating Assets too high?
Nictus' current Scaled Net Operating Assets is -0.85. Overall, Nictus has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nictus' Scaled Net Operating Assets compare to CASY and WSM?
Nictus' Scaled Net Operating Assets of -0.85 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Nictus and its competitors. Nictus's current Scaled Net Operating Assets is -0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nictus stock overvalued right now?
Based on GuruFocus' analysis, Nictus (JSE:NCS) is currently considered Significantly Overvalued. The stock's GF Value™ is R1.17, compared to a current price of R2.99 — trading 155.6% above its estimated fair value. The current Scaled Net Operating Assets is -0.85. Nictus' overall GF Score™ is 43/100 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 Nictus (JSE:NCS), the current Scaled Net Operating Assets is -0.85 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 Nictus (JSE:NCS) Overvalued in 2026?
Based on GuruFocus' analysis, Nictus stock appears to be overvalued.
The current stock price of R2.99 is trading 155.6% above its estimated GF Value™ of R1.17.
GuruFocus considers Nictus to be Significantly Overvalued.
Key valuation signals for JSE:NCS:
Scaled Net Operating Assets: -0.85
GF Value™: R1.17 vs. price of R2.99 (155.6% above fair value)
No single metric tells the full story. See the JSE:NCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.
43GF Score
Get the complete analysis for JSE:NCS
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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