Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Lifezone Metals's operating assets for the quarter that ended in Dec. 2025 was $155.61 Mil. Lifezone Metals's operating liabilities for the quarter that ended in Dec. 2025 was $49.67 Mil. Lifezone Metals's Total Assets for the quarter that ended in Jun. 2025 was $148.56 Mil. Therefore, Lifezone Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.71.
Lifezone Metals Scaled Net Operating Assets Related Terms
Lifezone Metals Scaled Net Operating Assets Historical Data
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The historical data trend for Lifezone Metals'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.
LZM vs TMCR, REA, REEMF: Scaled Net Operating Assets Comparison
For the Other Industrial Metals & Mining subindustry, Lifezone Metals'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.
Lifezone Metals Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lifezone Metals's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Lifezone Metals's Scaled Net Operating Assets falls into.
* 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 0.71 mean?
Lifezone Metals (LZM) has a Scaled Net Operating Assets of 0.71 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 Lifezone Metals and its competitors.
Is Lifezone Metals' Scaled Net Operating Assets too high?
Lifezone Metals' current Scaled Net Operating Assets is 0.71. Overall, Lifezone Metals has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lifezone Metals' Scaled Net Operating Assets compare to TMCR and REA?
Lifezone Metals' Scaled Net Operating Assets of 0.71 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Lifezone Metals and its competitors. Lifezone Metals's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lifezone Metals stock overvalued right now?
Based on GuruFocus' analysis, Lifezone Metals (LZM) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.14, compared to a current price of $3.79 — trading 26.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Lifezone Metals' overall GF Score™ is 44/100 with 7 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 Lifezone Metals (LZM), the current Scaled Net Operating Assets is 0.71 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 Lifezone Metals (LZM) Overvalued in 2026?
Based on GuruFocus' analysis, Lifezone Metals stock appears to be undervalued.
The current stock price of $3.79 is trading 26.3% below its estimated GF Value™ of $5.14.
GuruFocus considers Lifezone Metals to be Modestly Undervalued.
Key valuation signals for LZM:
Scaled Net Operating Assets: 0.71
GF Value™: $5.14 vs. price of $3.79 (26.3% below fair value)
No single metric tells the full story. See the LZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining. Its business comprises three segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania, and Intellectual property licensing comprises patents residing with and managed by the subsidiary and corporate. Geographically, the company operates in South Africa, Australia, and the rest of the world. The majority of its revenue is generated from Australia.
44GF Score
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