Octodec Investments (JSE:OCT) Scaled Net Operating Assets: 0.94 (As of Feb. 2026)


JSE:OCT Octodec Investments Ltd JSE:OCT
66 GF Score
Price R17.15
GF Value R11.12
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Octodec Investments Scaled Net Operating Assets?

Octodec Investments JSE:OCT +0.06% 66 Scaled Net Operating Assets is 0.94 as of Feb. 2026. GuruFocus rates JSE:OCT with a GF Score™ of 66/100 and a GF Value™ of R11.12 (Significantly Overvalued). The stock has 10 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.

Octodec Investments's operating assets for the quarter that ended in Feb. 2026 was R11,343 Mil. Octodec Investments's operating liabilities for the quarter that ended in Feb. 2026 was R586 Mil. Octodec Investments's Total Assets for the quarter that ended in Aug. 2025 was R11,480 Mil. Therefore, Octodec Investments's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.94.


Octodec Investments Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Octodec Investments'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.

Octodec Investments Scaled Net Operating Assets Chart

Octodec Investments Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.93 0.96 0.94 0.95

Octodec Investments Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.94 0.95 0.94 0.94 0.94

JSE:OCT vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Octodec Investments'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.


Octodec Investments Scaled Net Operating Assets vs REITs Industry

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

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


JSE:OCT
66GF Score
Octodec Investments Ltd JSE:OCT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Octodec Investments 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.

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

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(11379.998-565.995)/11403.967
=0.95

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11479.582 - 99.584
=11379.998

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4910.327 - 3753.62 - 590.712
=565.995

Octodec Investments's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(11343.167-586.02)/11479.582
=0.94

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11583.104 - 239.937
=11343.167

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4939.028 - 3974.824 - 378.184
=586.02

* 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 0.94 mean?
Octodec Investments (JSE:OCT) has a Scaled Net Operating Assets of 0.94 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Octodec Investments and its competitors.
Is Octodec Investments' Scaled Net Operating Assets too high?
Octodec Investments' current Scaled Net Operating Assets is 0.94. Overall, Octodec Investments has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Octodec Investments' Scaled Net Operating Assets compare to VICI and WPC?
Octodec Investments' Scaled Net Operating Assets of 0.94 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 Octodec Investments and its competitors. Octodec Investments's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Octodec Investments stock overvalued right now?
Based on GuruFocus' analysis, Octodec Investments (JSE:OCT) is currently considered Significantly Overvalued. The stock's GF Value™ is R11.12, compared to a current price of R17.15 — trading 54.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.94. Octodec Investments' overall GF Score™ is 66/100 with 10 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 Octodec Investments (JSE:OCT), the current Scaled Net Operating Assets is 0.94 as of Feb. 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 Octodec Investments (JSE:OCT) Overvalued in 2026?

Based on GuruFocus' analysis, Octodec Investments stock appears to be overvalued. The current stock price of R17.15 is trading 54.2% above its estimated GF Value™ of R11.12. GuruFocus considers Octodec Investments to be Significantly Overvalued.

Key valuation signals for JSE:OCT:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: R11.12 vs. price of R17.15 (54.2% above fair value)
  • GF Score™: 66/100 with 10 warning signs

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


Octodec Investments Business Description

Industry Real EstateREITs
Address 101 Du Toit Street, CPA House, Tshwane, Pretoria, GT, ZAF, 0002
Octodec Investments Ltd is a real estate investment trust (REIT). The company generates rental income from Residential, Retail - street shops, Retail - shopping centres, offices, industrial, and parking, where the majority of its revenue is from the Residential segment. The diversified portfolio comprises residential, retail, office, and industrial properties.
66GF Score

Get the complete analysis for JSE:OCT

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

R17.15
Price
R11.12
GF Value