Telkom SOC (JSE:TKG) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)


JSE:TKG Telkom SA SOC Ltd JSE:TKG
65 GF Score
Price R57.13
GF Value R33.54
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Telkom SOC Scaled Net Operating Assets?

Telkom SOC JSE:TKG +1.29% 65 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates JSE:TKG with a GF Score™ of 65/100 and a GF Value™ of R33.54 (Significantly Overvalued). The stock has 2 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.

Telkom SOC's operating assets for the quarter that ended in Mar. 2026 was R56,695 Mil. Telkom SOC's operating liabilities for the quarter that ended in Mar. 2026 was R14,317 Mil. Telkom SOC's Total Assets for the quarter that ended in Sep. 2025 was R62,009 Mil. Therefore, Telkom SOC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.


Telkom SOC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Telkom SOC'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.

Telkom SOC Scaled Net Operating Assets Chart

Telkom SOC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.62 0.73 0.67 0.63

Telkom SOC Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.70 0.69 0.68 0.62 0.68

JSE:TKG vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Telkom SOC'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.


Telkom SOC Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telkom SOC's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:TKG
65GF Score
Telkom SA SOC Ltd JSE:TKG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Telkom SOC 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.

Telkom SOC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(56695-14317)/67535
=0.63

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=64418 - 7723
=56695

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28527 - 9881 - 4329
=14317

Telkom SOC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(56695-14317)/62009
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=64418 - 7723
=56695

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28527 - 9881 - 4329
=14317

* 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 0.68 mean?
Telkom SOC (JSE:TKG) has a Scaled Net Operating Assets of 0.68 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Telkom SOC and its competitors.
Is Telkom SOC's Scaled Net Operating Assets too high?
Telkom SOC's current Scaled Net Operating Assets is 0.68. Overall, Telkom SOC has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telkom SOC's Scaled Net Operating Assets compare to TMUS and VZ?
Telkom SOC's Scaled Net Operating Assets of 0.68 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Telkom SOC and its competitors. Telkom SOC's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telkom SOC stock overvalued right now?
Based on GuruFocus' analysis, Telkom SOC (JSE:TKG) is currently considered Significantly Overvalued. The stock's GF Value™ is R33.54, compared to a current price of R57.13 — trading 70.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.68. Telkom SOC's overall GF Score™ is 65/100 with 2 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 Telkom SOC (JSE:TKG), the current Scaled Net Operating Assets is 0.68 as of Mar. 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 Telkom SOC (JSE:TKG) Overvalued in 2026?

Based on GuruFocus' analysis, Telkom SOC stock appears to be overvalued. The current stock price of R57.13 is trading 70.3% above its estimated GF Value™ of R33.54. GuruFocus considers Telkom SOC to be Significantly Overvalued.

Key valuation signals for JSE:TKG:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: R33.54 vs. price of R57.13 (70.3% above fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Telkom SOC Business Description

Other Exchanges TZL1:Germany
Address 61 Oak Avenue, Telkom Park, Highveld, Centurion, GT, ZAF, 0157
Telkom SA SOC Ltd provides fixed-line voice and data communications services in South Africa. The company has segments namely: Openserve; Telkom Consumer; BCX; Gyro; and others It derives maximum revenue from Telkom Consumer segment.
65GF Score

Get the complete analysis for JSE:TKG

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

R57.13
Price
R33.54
GF Value