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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.
Spur's operating assets for the quarter that ended in Dec. 2025 was R1,106 Mil. Spur's operating liabilities for the quarter that ended in Dec. 2025 was R465 Mil. Spur's Total Assets for the quarter that ended in Jun. 2025 was R1,534 Mil. Therefore, Spur's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.42.
Spur Scaled Net Operating Assets Related Terms
Spur Scaled Net Operating Assets Historical Data
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The historical data trend for Spur'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:SUR vs MCD, SBUX, YUM: Scaled Net Operating Assets Comparison
For the Restaurants subindustry, Spur'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.
Spur Scaled Net Operating Assets vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Spur's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Spur'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 0.42 mean?
Spur (JSE:SUR) has a Scaled Net Operating Assets of 0.42 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Spur and its competitors.
Is Spur's Scaled Net Operating Assets too high?
Spur's current Scaled Net Operating Assets is 0.42. Overall, Spur has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spur's Scaled Net Operating Assets compare to MCD and SBUX?
Spur's Scaled Net Operating Assets of 0.42 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 Spur and its competitors. Spur's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spur stock overvalued right now?
Based on GuruFocus' analysis, Spur (JSE:SUR) is currently considered Fairly Valued. The stock's GF Value™ is R40.58, compared to a current price of R42.50 — trading 4.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.42. Spur's overall GF Score™ is 90/100 with 9 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 Spur (JSE:SUR), the current Scaled Net Operating Assets is 0.42 as of Dec. 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 Spur (JSE:SUR) Overvalued in 2026?
Based on GuruFocus' analysis, Spur stock appears to be overvalued.
The current stock price of R42.50 is trading 4.7% above its estimated GF Value™ of R40.58.
GuruFocus considers Spur to be Fairly Valued.
Key valuation signals for JSE:SUR:
Scaled Net Operating Assets: 0.42
GF Value™: R40.58 vs. price of R42.50 (4.7% above fair value)
No single metric tells the full story. See the JSE:SUR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spur Corp Ltd is a South African multi-brand restaurant franchisor. The group operates as franchisor for the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas (including RocoGo), Casa Bella, Nikos, Doppio Zero and Piza e Vino brands. The company's segment includes South Africa and International segment. South Africa segment include: Franchise, Manufacturing and distribution, Retail company stores, Marketing and Other. International segment include Australasia, Rest of Africa and Middle East and Marketing. Key revenue is generated from South Africa segment.
90GF Score
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