PBT Holdings (JSE:PBT) Scaled Net Operating Assets: 0.73 (As of Sep. 2025)


JSE:PBT PBT Holdings Ltd JSE:PBT
84 GF Score
Price R6.88
GF Value R6.96
Valuation Fairly Valued
! 5 Warning Signs
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What is PBT Holdings Scaled Net Operating Assets?

PBT Holdings JSE:PBT +1.18% 84 Scaled Net Operating Assets is 0.73 as of Sep. 2025. GuruFocus rates JSE:PBT with a GF Score™ of 84/100 and a GF Value™ of R6.96 (Fairly Valued). The stock has 5 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.

PBT Holdings's operating assets for the quarter that ended in Sep. 2025 was R349 Mil. PBT Holdings's operating liabilities for the quarter that ended in Sep. 2025 was R69 Mil. PBT Holdings's Total Assets for the quarter that ended in Mar. 2025 was R381 Mil. Therefore, PBT Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.73.

PBT Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PBT 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.

PBT Holdings Scaled Net Operating Assets Chart

PBT 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 0.80 0.75 0.44 0.45 0.65

PBT 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 0.45 0.67 0.72 0.67 0.73

JSE:PBT vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, PBT 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.

PBT Holdings Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, PBT Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:PBT
84GF Score
PBT Holdings Ltd JSE:PBT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PBT 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.

PBT 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 )
=(313.418-71.667)/371.991
=0.65

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=381.014 - 67.596
=313.418

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=100.26 - 6.12 - 22.473
=71.667

PBT 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 )
=(348.564-68.939)/381.014
=0.73

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=371.641 - 23.077
=348.564

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=103.883 - 4.229 - 30.715
=68.939

* 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 0.73 mean?
PBT Holdings (JSE:PBT) has a Scaled Net Operating Assets of 0.73 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 PBT Holdings and its competitors.
Is PBT Holdings' Scaled Net Operating Assets too high?
PBT Holdings' current Scaled Net Operating Assets is 0.73. Overall, PBT Holdings has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PBT Holdings' Scaled Net Operating Assets compare to IBM and ACN?
PBT Holdings' Scaled Net Operating Assets of 0.73 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 PBT Holdings and its competitors. PBT Holdings's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBT Holdings stock overvalued right now?
Based on GuruFocus' analysis, PBT Holdings (JSE:PBT) is currently considered Fairly Valued. The stock's GF Value™ is R6.96, compared to a current price of R6.88 — trading 1.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. PBT Holdings' overall GF Score™ is 84/100 with 5 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 PBT Holdings (JSE:PBT), the current Scaled Net Operating Assets is 0.73 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 PBT Holdings (JSE:PBT) Overvalued in 2026?

Based on GuruFocus' analysis, PBT Holdings stock appears to be undervalued. The current stock price of R6.88 is trading 1.1% below its estimated GF Value™ of R6.96. GuruFocus considers PBT Holdings to be Fairly Valued.

Key valuation signals for JSE:PBT:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: R6.96 vs. price of R6.88 (1.1% below fair value)
  • GF Score™: 84/100 with 5 warning signs

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

PBT Holdings Business Description

Address 2 Mews Close, Waterford Mews, PBT House, Century City, Cape Town, WC, ZAF, 7441
PBT Holdings Ltd, formerly known as PBT Group Ltd, is a South African-based company that offers information management and data analytics services. It serves finance, insurance, telecommunications, retail, petroleum and medical healthcare industries. The services provided by the company include data engineering, analytics and visualization, artificial intelligence, managed solutions, advisory and strategic services, application development and others. Its operating segments are based on geographical locations namely South Africa, Europe and the United Kingdom. The segment includes consulting and implementation of data, management information software and healthcare administration services provided in the Republic of South Africa, Europe, the United Kingdom, and also Australia.
84GF 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.

R6.88
Price
R6.96
GF Value