KGGNF (Kogan.com) Scaled Net Operating Assets: 0.05 (As of Dec. 2025)


KGGNF Kogan.com Ltd KGGNF
74 GF Score
Price $2.16
GF Value $2.56
! 6 Warning Signs
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What is Kogan.com Scaled Net Operating Assets?

Kogan.com KGGNF 74 Scaled Net Operating Assets is 0.05 as of Dec. 2025. GuruFocus rates KGGNF with a GF Score™ of 74/100 and a GF Value™ of $2.56. 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.

Kogan.com's operating assets for the quarter that ended in Dec. 2025 was $106.1 Mil. Kogan.com's operating liabilities for the quarter that ended in Dec. 2025 was $100.0 Mil. Kogan.com's Total Assets for the quarter that ended in Jun. 2025 was $123.8 Mil. Therefore, Kogan.com's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.05.


Kogan.com Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kogan.com'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.

Kogan.com Scaled Net Operating Assets Chart

Kogan.com Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.72 0.34 0.31 0.38 0.14

Kogan.com Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.36 0.35 0.28 0.13 0.05

KGGNF vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, Kogan.com'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.


Kogan.com Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kogan.com's Scaled Net Operating Assets distribution charts can be found below:

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


KGGNF
74GF Score
Kogan.com Ltd KGGNF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kogan.com 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.

Kogan.com's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(96.274-73.546)/161.64
=0.14

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=123.794 - 27.52
=96.274

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=84.389 - 5.51 - 5.333
=73.546

Kogan.com's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(106.066-100.008)/123.794
=0.05

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=153.74 - 47.674
=106.066

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=114.104 - 8.857 - 5.239
=100.008

* 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 0.05 mean?
Kogan.com (KGGNF) has a Scaled Net Operating Assets of 0.05 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 Kogan.com and its competitors.
Is Kogan.com's Scaled Net Operating Assets too high?
Kogan.com's current Scaled Net Operating Assets is 0.05. Overall, Kogan.com has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Kogan.com's Scaled Net Operating Assets compare to AMZN and BABA?
Kogan.com's Scaled Net Operating Assets of 0.05 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Kogan.com and its competitors. Kogan.com's current Scaled Net Operating Assets is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kogan.com stock overvalued right now?
Kogan.com (KGGNF) has a current Scaled Net Operating Assets of 0.05. The stock's GF Value™ is $2.56, compared to a current price of $2.16 — trading 15.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.05. Kogan.com's overall GF Score™ is 74/100 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 Kogan.com (KGGNF), the current Scaled Net Operating Assets is 0.05 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 Kogan.com (KGGNF) Overvalued in 2026?

Based on GuruFocus' analysis, Kogan.com stock appears to be undervalued. The current stock price of $2.16 is trading 15.6% below its estimated GF Value™ of $2.56.

Key valuation signals for KGGNF:

  • Scaled Net Operating Assets: 0.05
  • GF Value™: $2.56 vs. price of $2.16 (15.6% below fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Kogan.com Business Description

Other Exchanges UZQ:GermanyKGN:Australia
Address 139 Gladstone Street, South Melbourne, Sydney, VIC, AUS, 3205
Kogan.com is an Australian pure-play online retailer. It caters to value-driven consumers through its exclusive brands, spanning multiple categories including consumer electronics, furniture, and fitness. For brand-conscious consumers, Kogan also offers a wide range of products from well-known third-party brands such as Apple, Samsung, and Google. Additionally, Kogan competes in the online marketplace industry, providing a platform and customer base for approved sellers in exchange for a commission. Finally, the firm sells multiple white-labeled products and services including prepaid mobile phone plans, insurance, and travel packages.
74GF Score

Get the complete analysis for KGGNF

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

$2.16
Price
$2.56
GF Value