Trematon Capital Investments (JSE:TMT) Scaled Net Operating Assets: 0.67 (As of Feb. 2026)

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JSE:TMT Trematon Capital Investments Ltd JSE:TMT
54 GF Score
Price R1.24
GF Value R11.84
Valuation Possible Value Trap
! 6 Warning Signs
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What is Trematon Capital Investments Scaled Net Operating Assets?

Trematon Capital Investments JSE:TMT 54 Scaled Net Operating Assets is 0.67 as of Feb. 2026. GuruFocus rates JSE:TMT with a GF Score™ of 54/100 and a GF Value™ of R11.84 (Possible Value Trap). The stock has 6 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.

Trematon Capital Investments's operating assets for the quarter that ended in Feb. 2026 was R510.2 Mil. Trematon Capital Investments's operating liabilities for the quarter that ended in Feb. 2026 was R77.2 Mil. Trematon Capital Investments's Total Assets for the quarter that ended in Aug. 2025 was R642.3 Mil. Therefore, Trematon Capital Investments's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.67.


Trematon Capital Investments Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Trematon Capital Investments'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.

Trematon Capital Investments Scaled Net Operating Assets Chart

Trematon Capital Investments Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.88 0.81 0.75 0.19

Trematon Capital Investments 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 0.78 0.79 0.22 0.45 0.67

JSE:TMT vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Trematon Capital Investments'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.


Trematon Capital Investments Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Trematon Capital Investments's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Trematon Capital Investments's Scaled Net Operating Assets falls into.


JSE:TMT
54GF Score
Trematon Capital Investments Ltd JSE:TMT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Trematon Capital Investments 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.

Trematon Capital Investments's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(543.196-80.804)/2384.621
=0.19

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=642.32 - 99.124
=543.196

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=316.678 - 213.058 - 22.816
=80.804

Trematon Capital Investments'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 )
=(510.219-77.227)/642.32
=0.67

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=601.442 - 91.223
=510.219

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=311.308 - 211.608 - 22.473
=77.227

* 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 0.67 mean?
Trematon Capital Investments (JSE:TMT) has a Scaled Net Operating Assets of 0.67 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 Trematon Capital Investments and its competitors.
Is Trematon Capital Investments' Scaled Net Operating Assets too high?
Trematon Capital Investments' current Scaled Net Operating Assets is 0.67. Overall, Trematon Capital Investments has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Trematon Capital Investments' Scaled Net Operating Assets compare to CBRE and BEKE?
Trematon Capital Investments' Scaled Net Operating Assets of 0.67 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Trematon Capital Investments and its competitors. Trematon Capital Investments's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trematon Capital Investments stock overvalued right now?
Based on GuruFocus' analysis, Trematon Capital Investments (JSE:TMT) is currently considered Possible Value Trap. The stock's GF Value™ is R11.84, compared to a current price of R1.24 — trading 89.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. Trematon Capital Investments' overall GF Score™ is 54/100 with 6 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 Trematon Capital Investments (JSE:TMT), the current Scaled Net Operating Assets is 0.67 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 Trematon Capital Investments (JSE:TMT) Overvalued in 2026?

Based on GuruFocus' analysis, Trematon Capital Investments stock appears to be undervalued. The current stock price of R1.24 is trading 89.5% below its estimated GF Value™ of R11.84. GuruFocus considers Trematon Capital Investments to be Possible Value Trap.

Key valuation signals for JSE:TMT:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: R11.84 vs. price of R1.24 (89.5% below fair value)
  • GF Score™: 54/100 with 6 warning signs

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


Trematon Capital Investments Business Description

Address 42 Hans Strijdom Avenue, 3rd Floor, Aria North Wharf, Foreshore, Cape Town, WC, ZAF, 8001
Trematon Capital Investments Ltd operates as an investment holding company that invests in assets and businesses that its management believes are undervalued and have the potential to achieve its targeted internal rate of return. The company's reportable segments are Property investments, Education, Edutech, UK property investments, Corporate and other. Maximum revenue for the company is generated from its Property investments segment which generates income from the sale of investment property and inventory, rental income on investment property, fair value gains on property investments, and dividend income from reporting entities within the segment. Geographically, the company has a business presence in South Africa and the United Kingdom.
54GF Score

Get the complete analysis for JSE:TMT

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

R1.24
Price
R11.84
GF Value