Macfarlane Group (LSE:MACF) Scaled Net Operating Assets: 0.70 (As of Dec. 2025)


LSE:MACF Macfarlane Group PLC LSE:MACF
59 GF Score
Price £0.68
GF Value £1.18
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Macfarlane Group Scaled Net Operating Assets?

Macfarlane Group LSE:MACF +2.88% 59 Scaled Net Operating Assets is 0.70 as of Dec. 2025. GuruFocus rates LSE:MACF with a GF Score™ of 59/100 and a GF Value™ of £1.18 (Significantly Undervalued). 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.

Macfarlane Group's operating assets for the quarter that ended in Dec. 2025 was £263.4 Mil. Macfarlane Group's operating liabilities for the quarter that ended in Dec. 2025 was £67.9 Mil. Macfarlane Group's Total Assets for the quarter that ended in Jun. 2025 was £277.7 Mil. Therefore, Macfarlane Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.70.


Macfarlane Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Macfarlane 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.

Macfarlane Group Scaled Net Operating Assets Chart

Macfarlane Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.67 0.70 0.76 0.79

Macfarlane Group Semi-Annual Data
Jun16 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 Premium Member Only 0.67 0.72 0.73 0.76 0.70

LSE:MACF vs SW, PKG, AMCR: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Macfarlane 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.


Macfarlane Group Scaled Net Operating Assets vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Macfarlane Group's Scaled Net Operating Assets distribution charts can be found below:

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


LSE:MACF
59GF Score
Macfarlane Group PLC LSE:MACF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Macfarlane 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.

Macfarlane Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(263.411-67.867)/246.931
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=277.794 - 14.383
=263.411

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=157.232 - 48.917 - 40.448
=67.867

Macfarlane Group'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 )
=(263.411-67.867)/277.657
=0.70

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=277.794 - 14.383
=263.411

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=157.232 - 48.917 - 40.448
=67.867

* 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 0.70 mean?
Macfarlane Group (LSE:MACF) has a Scaled Net Operating Assets of 0.70 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 Macfarlane Group and its competitors.
Is Macfarlane Group's Scaled Net Operating Assets too high?
Macfarlane Group's current Scaled Net Operating Assets is 0.70. Overall, Macfarlane Group has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macfarlane Group's Scaled Net Operating Assets compare to SW and PKG?
Macfarlane Group's Scaled Net Operating Assets of 0.70 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Scaled Net Operating Assets depends on the Packaging & Containers 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 Macfarlane Group and its competitors. Macfarlane Group's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macfarlane Group stock overvalued right now?
Based on GuruFocus' analysis, Macfarlane Group (LSE:MACF) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.68 — trading 42.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. Macfarlane Group's overall GF Score™ is 59/100 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 Macfarlane Group (LSE:MACF), the current Scaled Net Operating Assets is 0.70 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 Macfarlane Group (LSE:MACF) Overvalued in 2026?

Based on GuruFocus' analysis, Macfarlane Group stock appears to be undervalued. The current stock price of £0.68 is trading 42.5% below its estimated GF Value™ of £1.18. GuruFocus considers Macfarlane Group to be Significantly Undervalued.

Key valuation signals for LSE:MACF:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: £1.18 vs. price of £0.68 (42.5% below fair value)
  • GF Score™: 59/100 with 6 warning signs

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


Macfarlane Group Business Description

Other Exchanges MACFl:UK5K6:Germany
Address 3 Park Gardens, First Floor, Glasgow, GBR, G3 7YE
Macfarlane Group PLC is a United Kingdom-based company that provides services for the packaging sector. It operates in two segments Packaging Distribution segment, which includes the distribution of packaging materials & supply of storage & warehousing services, & Manufacturing Operations comprises the manufacturing & supplying of self-adhesive labels to fast-moving consumer goods. The business operates Regional Distribution Centers, supplying customers with a range of packaging materials & services. It operates across a wide range of sectors such as Aerospace, Defense, Electronics, Medical General, Industrial food, health & beauty, household products, & beverages sectors. It derives key revenue from the Distribution segment. Geographically, it derives the majority revenue from the UK.
59GF Score

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

£0.68
Price
£1.18
GF Value