Software Circle (LSE:SFT) Scaled Net Operating Assets: 0.72 (As of Sep. 2025)


LSE:SFT Software Circle PLC LSE:SFT
39 GF Score
Price £0.16
GF Value £0.12
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Software Circle Scaled Net Operating Assets?

Software Circle LSE:SFT 39 Scaled Net Operating Assets is 0.72 as of Sep. 2025. GuruFocus rates LSE:SFT with a GF Score™ of 39/100 and a GF Value™ of £0.12 (Significantly Overvalued). The stock has 4 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.

Software Circle's operating assets for the quarter that ended in Sep. 2025 was £33.82 Mil. Software Circle's operating liabilities for the quarter that ended in Sep. 2025 was £6.36 Mil. Software Circle's Total Assets for the quarter that ended in Mar. 2025 was £38.10 Mil. Therefore, Software Circle's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.72.


Software Circle Scaled Net Operating Assets Historical Data

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The historical data trend for Software Circle'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.

Software Circle Scaled Net Operating Assets Chart

Software Circle Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.38 1.50 0.65 0.69

Software Circle Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.41 0.60 0.60 0.72

LSE:SFT vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Software Circle'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.


Software Circle Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Software Circle's Scaled Net Operating Assets distribution charts can be found below:

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


LSE:SFT
39GF Score
Software Circle PLC LSE:SFT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Software Circle 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.

Software Circle's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(29.533-5.905)/34.386
=0.69

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=38.099 - 8.566
=29.533

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16.705 - 8.108 - 2.692
=5.905

Software Circle's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(33.817-6.357)/38.099
=0.72

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=38.615 - 4.798
=33.817

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.225 - 7.683 - 4.185
=6.357

* 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 0.72 mean?
Software Circle (LSE:SFT) has a Scaled Net Operating Assets of 0.72 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Software Circle and its competitors.
Is Software Circle's Scaled Net Operating Assets too high?
Software Circle's current Scaled Net Operating Assets is 0.72. Overall, Software Circle has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Software Circle's Scaled Net Operating Assets compare to CTAS and CPRT?
Software Circle's Scaled Net Operating Assets of 0.72 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Software Circle and its competitors. Software Circle's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Software Circle stock overvalued right now?
Based on GuruFocus' analysis, Software Circle (LSE:SFT) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.12, compared to a current price of £0.16 — trading 31.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.72. Software Circle's overall GF Score™ is 39/100 with 4 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 Software Circle (LSE:SFT), the current Scaled Net Operating Assets is 0.72 as of Sep. 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 Software Circle (LSE:SFT) Overvalued in 2026?

Based on GuruFocus' analysis, Software Circle stock appears to be overvalued. The current stock price of £0.16 is trading 31.3% above its estimated GF Value™ of £0.12. GuruFocus considers Software Circle to be Significantly Overvalued.

Key valuation signals for LSE:SFT:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: £0.12 vs. price of £0.16 (31.3% above fair value)
  • GF Score™: 39/100 with 4 warning signs

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


Software Circle Business Description

Address 98 King Street, C/o Gateley Legal, Ship Canal House, Manchester, GBR, M2 4WU
Software Circle PLC is a UK-based company that is an acquirer of great vertical market software businesses. The company operates complex logistics, a SaaS platform, and brands that sell print and web to business customers. The segmental analysis by nature of service includes license fees, company-owned studio revenue, brand partner print, and online sales plus trade print. Some of its brands include Nettl, watermark, and Topfloor. Geographically it has its business across the region of the UK and Ireland, Europe, and others of which the UK and Ireland's region accounts for a majority of the revenue.
39GF 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.

£0.16
Price
£0.12
GF Value