Rathbones Group (LSE:RAT) Scaled Net Operating Assets: -0.02 (As of Dec. 2025)


LSE:RAT Rathbones Group PLC LSE:RAT
74 GF Score
Price £16.02
GF Value £19.19
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Rathbones Group Scaled Net Operating Assets?

Rathbones Group LSE:RAT +1.14% 74 Scaled Net Operating Assets is -0.02 as of Dec. 2025. GuruFocus rates LSE:RAT with a GF Score™ of 74/100 and a GF Value™ of £19.19 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Rathbones Group's operating assets for the quarter that ended in Dec. 2025 was £3,623.7 Mil. Rathbones Group's operating liabilities for the quarter that ended in Dec. 2025 was £3,750.4 Mil. Rathbones Group's Total Assets for the quarter that ended in Jun. 2025 was £5,648.6 Mil. Therefore, Rathbones Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.02.

LSE:RAT
74GF Score
Rathbones Group PLC LSE:RAT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Rathbones 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.

Rathbones 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 )
=(3623.7-3750.4)/4290.1
=-0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5217.2 - 1593.5
=3623.7

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3865.2 - 114.8 - 0
=3750.4

Rathbones 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 )
=(3623.7-3750.4)/5648.6
=-0.02

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5217.2 - 1593.5
=3623.7

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3865.2 - 114.8 - 0
=3750.4

* 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 -0.02 mean?
Rathbones Group (LSE:RAT) has a Scaled Net Operating Assets of -0.02 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 Rathbones Group and its competitors.
Is Rathbones Group's Scaled Net Operating Assets too high?
Rathbones Group's current Scaled Net Operating Assets is -0.02. Overall, Rathbones Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rathbones Group's Scaled Net Operating Assets compare to BLK and BX?
Rathbones Group's Scaled Net Operating Assets of -0.02 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 Rathbones Group and its competitors. Rathbones Group's current Scaled Net Operating Assets is -0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rathbones Group stock overvalued right now?
Based on GuruFocus' analysis, Rathbones Group (LSE:RAT) is currently considered Modestly Undervalued. The stock's GF Value™ is £19.19, compared to a current price of £16.02 — trading 16.5% below its estimated fair value. The current Scaled Net Operating Assets is -0.02. Rathbones Group's overall GF Score™ is 74/100 with 1 warning sign 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 Rathbones Group (LSE:RAT), the current Scaled Net Operating Assets is -0.02 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 Rathbones Group (LSE:RAT) Overvalued in 2026?

Based on GuruFocus' analysis, Rathbones Group stock appears to be undervalued. The current stock price of £16.02 is trading 16.5% below its estimated GF Value™ of £19.19. GuruFocus considers Rathbones Group to be Modestly Undervalued.

Key valuation signals for LSE:RAT:

  • Scaled Net Operating Assets: -0.02
  • GF Value™: £19.19 vs. price of £16.02 (16.5% below fair value)
  • GF Score™: 74/100 with 1 warning sign

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

Rathbones Group Business Description

Other Exchanges RATl:UK
Address 30 Gresham Street, London, GBR, EC2V 7QN
Rathbones Group PLC provides investment and wealth management services to private clients, charities, trustees, and professional partners. The group also provides other banking, financial advisory, tax, legal, and trust services. Alongside investment management services, the company provides unit trust and multi-asset fund products sold through intermediaries to the retail sector.
74GF 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.

£16.02
Price
£19.19
GF Value