Impax Asset Management Group (LSE:IPX) Scaled Net Operating Assets: 0.33 (As of Mar. 2026)


LSE:IPX Impax Asset Management Group PLC LSE:IPX
63 GF Score
Price £0.98
GF Value £2.43
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Impax Asset Management Group Scaled Net Operating Assets?

Impax Asset Management Group LSE:IPX -0.51% 63 Scaled Net Operating Assets is 0.33 as of Mar. 2026. GuruFocus rates LSE:IPX with a GF Score™ of 63/100 and a GF Value™ of £2.43 (Significantly Undervalued). The stock has 3 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.

Impax Asset Management Group's operating assets for the quarter that ended in Mar. 2026 was £71.9 Mil. Impax Asset Management Group's operating liabilities for the quarter that ended in Mar. 2026 was £20.1 Mil. Impax Asset Management Group's Total Assets for the quarter that ended in Sep. 2025 was £154.7 Mil. Therefore, Impax Asset Management Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.33.


Impax Asset Management Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Impax Asset Management Group'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.

Impax Asset Management Group Scaled Net Operating Assets Chart

Impax Asset Management Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.17 0.19 0.18 0.22

Impax Asset Management Group 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 0.24 0.22 0.23 0.27 0.34

LSE:IPX vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Impax Asset Management Group'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.


Impax Asset Management Group Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Impax Asset Management Group's Scaled Net Operating Assets falls into.


LSE:IPX
63GF Score
Impax Asset Management Group PLC LSE:IPX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Impax Asset Management Group 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.

Impax Asset Management Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(74.429-33.741)/182.382
=0.22

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=154.704 - 80.275
=74.429

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=39.485 - 3.777 - 1.967
=33.741

Impax Asset Management Group'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 )
=(71.896-20.095)/154.704
=0.33

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=131.079 - 59.183
=71.896

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24.906 - 2.827 - 1.984
=20.095

* 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 0.33 mean?
Impax Asset Management Group (LSE:IPX) has a Scaled Net Operating Assets of 0.33 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 Impax Asset Management Group and its competitors.
Is Impax Asset Management Group's Scaled Net Operating Assets too high?
Impax Asset Management Group's current Scaled Net Operating Assets is 0.33. Overall, Impax Asset Management Group has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Impax Asset Management Group's Scaled Net Operating Assets compare to BLK and BX?
Impax Asset Management Group's Scaled Net Operating Assets of 0.33 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Impax Asset Management Group and its competitors. Impax Asset Management Group's current Scaled Net Operating Assets is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impax Asset Management Group stock overvalued right now?
Based on GuruFocus' analysis, Impax Asset Management Group (LSE:IPX) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.43, compared to a current price of £0.98 — trading 59.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.33. Impax Asset Management Group's overall GF Score™ is 63/100 with 3 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 Impax Asset Management Group (LSE:IPX), the current Scaled Net Operating Assets is 0.33 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 Impax Asset Management Group (LSE:IPX) Overvalued in 2026?

Based on GuruFocus' analysis, Impax Asset Management Group stock appears to be undervalued. The current stock price of £0.98 is trading 59.7% below its estimated GF Value™ of £2.43. GuruFocus considers Impax Asset Management Group to be Significantly Undervalued.

Key valuation signals for LSE:IPX:

  • Scaled Net Operating Assets: 0.33
  • GF Value™: £2.43 vs. price of £0.98 (59.7% below fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Impax Asset Management Group Business Description

Other Exchanges IPXAF:USAIPXl:UKLW4:Germany
Address 30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.
63GF Score

Get the complete analysis for LSE:IPX

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

£0.98
Price
£2.43
GF Value