MCSHF (Metcash) Scaled Net Operating Assets: 0.54 (As of Apr. 2026)


MCSHF Metcash Ltd MCSHF
63 GF Score
Price $1.48
GF Value $1.72
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Metcash Scaled Net Operating Assets?

Metcash MCSHF -36.26% 63 Scaled Net Operating Assets is 0.54 as of Apr. 2026. GuruFocus rates MCSHF with a GF Score™ of 63/100 and a GF Value™ of $1.72 (Modestly Undervalued). The stock has 2 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.

Metcash's operating assets for the quarter that ended in Apr. 2026 was $4,914 Mil. Metcash's operating liabilities for the quarter that ended in Apr. 2026 was $2,392 Mil. Metcash's Total Assets for the quarter that ended in Oct. 2025 was $4,704 Mil. Therefore, Metcash's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.54.


Metcash Scaled Net Operating Assets Historical Data

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The historical data trend for Metcash'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.

Metcash Scaled Net Operating Assets Chart

Metcash Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.43 0.51 0.57 0.58

Metcash Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.50 0.63 0.46 0.52 0.54

MCSHF vs SYY, USFD, PFGC: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Metcash'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.


Metcash Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's Scaled Net Operating Assets distribution charts can be found below:

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


MCSHF
63GF Score
Metcash Ltd MCSHF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Metcash 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.

Metcash's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2026 )
=(Operating Assets (A: Apr. 2026 )-Operating Liabilities (A: Apr. 2026 ))/Total Assets (A: Apr. 2025 )
=(4913.901-2392.128)/4334.654
=0.58

where

Operating Assets(A: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4962.057 - 48.156
=4913.901

Operating Liabilities(A: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3740.355 - 1148.085 - 200.142
=2392.128

Metcash's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(4913.901-2392.128)/4704.453
=0.54

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4962.057 - 48.156
=4913.901

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3740.355 - 1148.085 - 200.142
=2392.128

* 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 0.54 mean?
Metcash (MCSHF) has a Scaled Net Operating Assets of 0.54 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Metcash and its competitors.
Is Metcash's Scaled Net Operating Assets too high?
Metcash's current Scaled Net Operating Assets is 0.54. Overall, Metcash has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Metcash's Scaled Net Operating Assets compare to SYY and USFD?
Metcash's Scaled Net Operating Assets of 0.54 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Metcash and its competitors. Metcash's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metcash stock overvalued right now?
Based on GuruFocus' analysis, Metcash (MCSHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.72, compared to a current price of $1.48 — trading 14% below its estimated fair value. The current Scaled Net Operating Assets is 0.54. Metcash's overall GF Score™ is 63/100 with 2 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 Metcash (MCSHF), the current Scaled Net Operating Assets is 0.54 as of Apr. 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 Metcash (MCSHF) Overvalued in 2026?

Based on GuruFocus' analysis, Metcash stock appears to be undervalued. The current stock price of $1.48 is trading 14% below its estimated GF Value™ of $1.72. GuruFocus considers Metcash to be Modestly Undervalued.

Key valuation signals for MCSHF:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: $1.72 vs. price of $1.48 (14% below fair value)
  • GF Score™: 63/100 with 2 warning signs

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


Metcash Business Description

Other Exchanges MG9:GermanyMTS:Australia
Address 1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Metcash is a wholesaler, and to a lesser extent a retailer, specializing in food, liquor, and hardware. Centralized wholesale distribution enables independent retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and venues like pubs.
63GF 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.

$1.48
Price
$1.72
GF Value