Raubex Group (JSE:RBX) Scaled Net Operating Assets: 0.55 (As of Feb. 2026)


JSE:RBX Raubex Group Ltd JSE:RBX
89 GF Score
Price R50.04
GF Value R46.41
Valuation Fairly Valued
! 3 Warning Signs
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What is Raubex Group Scaled Net Operating Assets?

Raubex Group JSE:RBX +1.46% 89 Scaled Net Operating Assets is 0.55 as of Feb. 2026. GuruFocus rates JSE:RBX with a GF Score™ of 89/100 and a GF Value™ of R46.41 (Fairly Valued). The stock has 3 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.

Raubex Group's operating assets for the quarter that ended in Feb. 2026 was R14,566 Mil. Raubex Group's operating liabilities for the quarter that ended in Feb. 2026 was R5,737 Mil. Raubex Group's Total Assets for the quarter that ended in Aug. 2025 was R15,959 Mil. Therefore, Raubex Group's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.55.


Raubex Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Raubex Group'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.

Raubex Group Scaled Net Operating Assets Chart

Raubex Group Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.57 0.62 0.56 0.59

Raubex Group 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 0.58 0.53 0.51 0.56 0.55

JSE:RBX vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Raubex Group'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.


Raubex Group Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Raubex Group's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:RBX
89GF Score
Raubex Group Ltd JSE:RBX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Raubex Group 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.

Raubex Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(14566.473-5736.514)/14906.99
=0.59

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16458.728 - 1892.255
=14566.473

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8586.293 - 1474.848 - 1374.931
=5736.514

Raubex Group'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 )
=(14566.473-5736.514)/15959.065
=0.55

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16458.728 - 1892.255
=14566.473

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8586.293 - 1474.848 - 1374.931
=5736.514

* 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 0.55 mean?
Raubex Group (JSE:RBX) has a Scaled Net Operating Assets of 0.55 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 Raubex Group and its competitors.
Is Raubex Group's Scaled Net Operating Assets too high?
Raubex Group's current Scaled Net Operating Assets is 0.55. Overall, Raubex Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raubex Group's Scaled Net Operating Assets compare to PWR and FIX?
Raubex Group's Scaled Net Operating Assets of 0.55 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Raubex Group and its competitors. Raubex Group's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raubex Group stock overvalued right now?
Based on GuruFocus' analysis, Raubex Group (JSE:RBX) is currently considered Fairly Valued. The stock's GF Value™ is R46.41, compared to a current price of R50.04 — trading 7.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.55. Raubex Group's overall GF Score™ is 89/100 with 3 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 Raubex Group (JSE:RBX), the current Scaled Net Operating Assets is 0.55 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 Raubex Group (JSE:RBX) Overvalued in 2026?

Based on GuruFocus' analysis, Raubex Group stock appears to be overvalued. The current stock price of R50.04 is trading 7.8% above its estimated GF Value™ of R46.41. GuruFocus considers Raubex Group to be Fairly Valued.

Key valuation signals for JSE:RBX:

  • Scaled Net Operating Assets: 0.55
  • GF Value™: R46.41 vs. price of R50.04 (7.8% above fair value)
  • GF Score™: 89/100 with 3 warning signs

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


Raubex Group Business Description

Address Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300
Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The Company operates in four key segments which include Materials Handling and Mining (contract crushing, mining services, resource ownership), Construction Materials (aggregates, asphalt, bituminous products), Roads and Earthworks (road construction, surfacing, rehabilitation), and Infrastructure (renewable energy, facilities management, telecommunications, housing, commercial construction). Each segment is vital to the Group's diverse operations in mining, construction materials, infrastructure, and related services. It makes the majority of its revenue from Roads and Earthworks segment.
89GF Score

Get the complete analysis for JSE:RBX

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

R50.04
Price
R46.41
GF Value