Polyus PJSC (MIC:PLZL) Scaled Net Operating Assets: 0.73 (As of Dec. 2025)


MIC:PLZL Polyus PJSC MIC:PLZL
100 GF Score
Price ₽1,924.40
GF Value ₽23,710.43
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Polyus PJSC Scaled Net Operating Assets?

Polyus PJSC MIC:PLZL -0.40% 100 Scaled Net Operating Assets is 0.73 as of Dec. 2025. GuruFocus rates MIC:PLZL with a GF Score™ of 100/100 and a GF Value™ of ₽23,710.43 (Significantly Undervalued). 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.

Polyus PJSC's operating assets for the quarter that ended in Dec. 2025 was ₽1,033,133 Mil. Polyus PJSC's operating liabilities for the quarter that ended in Dec. 2025 was ₽193,414 Mil. Polyus PJSC's Total Assets for the quarter that ended in Jun. 2025 was ₽1,153,011 Mil. Therefore, Polyus PJSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.73.


Polyus PJSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Polyus PJSC'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.

Polyus PJSC Scaled Net Operating Assets Chart

Polyus PJSC 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 0.73 1.01 0.86 0.75

Polyus PJSC 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 0.77 0.78 0.74 0.65 0.73

MIC:PLZL vs NEM, AU, RGLD: Scaled Net Operating Assets Comparison

For the Gold subindustry, Polyus PJSC'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.


Polyus PJSC Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Polyus PJSC's Scaled Net Operating Assets distribution charts can be found below:

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


MIC:PLZL
100GF Score
Polyus PJSC MIC:PLZL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Polyus PJSC 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.

Polyus PJSC'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 )
=(1033132.625-193414.256)/1121650.127
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1270667.273 - 237534.648
=1033132.625

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=994497.472 - 791702.664 - 9380.552
=193414.256

Polyus PJSC'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 )
=(1033132.625-193414.256)/1153011.335
=0.73

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1270667.273 - 237534.648
=1033132.625

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=994497.472 - 791702.664 - 9380.552
=193414.256

* 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 0.73 mean?
Polyus PJSC (MIC:PLZL) has a Scaled Net Operating Assets of 0.73 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 Polyus PJSC and its competitors.
Is Polyus PJSC's Scaled Net Operating Assets too high?
Polyus PJSC's current Scaled Net Operating Assets is 0.73. Overall, Polyus PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polyus PJSC's Scaled Net Operating Assets compare to NEM and AU?
Polyus PJSC's Scaled Net Operating Assets of 0.73 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 Polyus PJSC and its competitors. Polyus PJSC's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polyus PJSC stock overvalued right now?
Based on GuruFocus' analysis, Polyus PJSC (MIC:PLZL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₽23,710.43, compared to a current price of ₽1,924.40 — trading 91.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Polyus PJSC's overall GF Score™ is 100/100 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 Polyus PJSC (MIC:PLZL), the current Scaled Net Operating Assets is 0.73 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 Polyus PJSC (MIC:PLZL) Overvalued in 2026?

Based on GuruFocus' analysis, Polyus PJSC stock appears to be undervalued. The current stock price of ₽1,924.40 is trading 91.9% below its estimated GF Value™ of ₽23,710.43. GuruFocus considers Polyus PJSC to be Significantly Undervalued.

Key valuation signals for MIC:PLZL:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: ₽23,710.43 vs. price of ₽1,924.40 (91.9% below fair value)
  • GF Score™: 100/100 with 4 warning signs

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


Polyus PJSC Business Description

Address 3 Krasina Street, Building 1, Cab 801, Moscow, RUS, 123056
Polyus PJSC and its subsidiaries are engaged in the extraction, refining, and sale of gold. The mining and processing facilities of the company are in the Krasnoyarsk, Irkutsk, Magadan regions, and the Sakha Republic of the Russian Federation. The operating business segments are the Olimpiada business unit, the Blagodatnoye business unit, the Natalka business unit, the Verninskoye business unit, the Kuranakh business unit, the Exploration business unit, the Sukhoi Log business unit, and others.
100GF 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.

₽1,924.40
Price
₽23,710.43
GF Value