RH Bophelo (JSE:RHB) Scaled Net Operating Assets: 0.83 (As of Feb. 2026)


JSE:RHB RH Bophelo Ltd JSE:RHB
70 GF Score
Price R1.65
GF Value R6.16
Valuation Possible Value Trap
! 4 Warning Signs
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What is RH Bophelo Scaled Net Operating Assets?

RH Bophelo JSE:RHB 70 Scaled Net Operating Assets is 0.83 as of Feb. 2026. GuruFocus rates JSE:RHB with a GF Score™ of 70/100 and a GF Value™ of R6.16 (Possible Value Trap). The stock has 4 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.

RH Bophelo's operating assets for the quarter that ended in Feb. 2026 was R1,231.40 Mil. RH Bophelo's operating liabilities for the quarter that ended in Feb. 2026 was R134.05 Mil. RH Bophelo's Total Assets for the quarter that ended in Aug. 2025 was R1,327.61 Mil. Therefore, RH Bophelo's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.83.


RH Bophelo Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for RH Bophelo'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.

RH Bophelo Scaled Net Operating Assets Chart

RH Bophelo 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 0.97 0.85 1.02 0.92 0.86

RH Bophelo Semi-Annual Data
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 0.99 0.90 0.91 0.90 0.83

JSE:RHB vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, RH Bophelo'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.


RH Bophelo Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, RH Bophelo's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:RHB
70GF Score
RH Bophelo Ltd JSE:RHB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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RH Bophelo 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.

RH Bophelo'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 )
=(1231.403-134.054)/1283.181
=0.86

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1258.638 - 27.235
=1231.403

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=161.806 - 1.617 - 26.135
=134.054

RH Bophelo'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 )
=(1231.403-134.054)/1327.607
=0.83

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1258.638 - 27.235
=1231.403

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=161.806 - 1.617 - 26.135
=134.054

* 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 0.83 mean?
RH Bophelo (JSE:RHB) has a Scaled Net Operating Assets of 0.83 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 RH Bophelo and its competitors.
Is RH Bophelo's Scaled Net Operating Assets too high?
RH Bophelo's current Scaled Net Operating Assets is 0.83. Overall, RH Bophelo has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RH Bophelo's Scaled Net Operating Assets compare to BLK and BX?
RH Bophelo's Scaled Net Operating Assets of 0.83 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 RH Bophelo and its competitors. RH Bophelo's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RH Bophelo stock overvalued right now?
Based on GuruFocus' analysis, RH Bophelo (JSE:RHB) is currently considered Possible Value Trap. The stock's GF Value™ is R6.16, compared to a current price of R1.65 — trading 73.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. RH Bophelo's overall GF Score™ is 70/100 with 4 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 RH Bophelo (JSE:RHB), the current Scaled Net Operating Assets is 0.83 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 RH Bophelo (JSE:RHB) Overvalued in 2026?

Based on GuruFocus' analysis, RH Bophelo stock appears to be undervalued. The current stock price of R1.65 is trading 73.2% below its estimated GF Value™ of R6.16. GuruFocus considers RH Bophelo to be Possible Value Trap.

Key valuation signals for JSE:RHB:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: R6.16 vs. price of R1.65 (73.2% below fair value)
  • GF Score™: 70/100 with 4 warning signs

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


RH Bophelo Business Description

Address 1, Melrose Boulevard, Unit 12, 1st Floor, Melrose Arch, Johannesburg, GT, ZAF, 2191
RH Bophelo Ltd is a healthcare investment company. Its main business involves the acquisition of healthcare assets in commercial entities or special situations across the South African market. It is engaged in making equity, quasi-equity, and equity-related investments in healthcare and financial sectors, specifically in operational infrastructure, health insurance, private hospital infrastructure, pharmaceuticals, retail and distribution, and healthcare technology. The company's operating segments are the Healthcare segment and the Financial Services segment. The majority of its revenue is generated from the Healthcare segment, which focuses on making investments in healthcare infrastructure, healthcare technology, and property companies.
70GF Score

Get the complete analysis for JSE:RHB

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

R1.65
Price
R6.16
GF Value