Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Texton Property Fund's operating assets for the quarter that ended in Dec. 2025 was R2,197.0 Mil. Texton Property Fund's operating liabilities for the quarter that ended in Dec. 2025 was R759.2 Mil. Texton Property Fund's Total Assets for the quarter that ended in Jun. 2025 was R2,473.4 Mil. Therefore, Texton Property Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.58.
Texton Property Fund Scaled Net Operating Assets Related Terms
Texton Property Fund Scaled Net Operating Assets Historical Data
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The historical data trend for Texton Property Fund'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.
Texton Property Fund Scaled Net Operating Assets Chart
JSE:TEX vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison
For the REIT - Office subindustry, Texton Property Fund'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.
Texton Property Fund Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Texton Property Fund'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 0.58 mean?
Texton Property Fund (JSE:TEX) has a Scaled Net Operating Assets of 0.58 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 Texton Property Fund and its competitors.
Is Texton Property Fund's Scaled Net Operating Assets too high?
Texton Property Fund's current Scaled Net Operating Assets is 0.58. Overall, Texton Property Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's Scaled Net Operating Assets compare to BXP and ARE?
Texton Property Fund's Scaled Net Operating Assets of 0.58 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 Texton Property Fund and its competitors. Texton Property Fund's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Fairly Valued. The stock's GF Value™ is R2.44, compared to a current price of R2.64 — trading 8.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. Texton Property Fund's overall GF Score™ is 59/100 with 7 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 Texton Property Fund (JSE:TEX), the current Scaled Net Operating Assets is 0.58 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R2.64 is trading 8.2% above its estimated GF Value™ of R2.44.
GuruFocus considers Texton Property Fund to be Fairly Valued.
Key valuation signals for JSE:TEX:
Scaled Net Operating Assets: 0.58
GF Value™: R2.44 vs. price of R2.64 (8.2% above fair value)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
59GF Score
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