Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
B2Gold's operating assets for the quarter that ended in Mar. 2026 was R91,830 Mil. B2Gold's operating liabilities for the quarter that ended in Mar. 2026 was R28,998 Mil. B2Gold's Total Assets for the quarter that ended in Dec. 2025 was R98,965 Mil. Therefore, B2Gold's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.63.
B2Gold Scaled Net Operating Assets Related Terms
B2Gold Scaled Net Operating Assets Historical Data
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The historical data trend for B2Gold'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.
NAM:B2G vs NEM, AU: Scaled Net Operating Assets Comparison
For the Gold subindustry, B2Gold'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.
B2Gold Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, B2Gold's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where B2Gold'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 0.63 mean?
B2Gold (NAM:B2G) has a Scaled Net Operating Assets of 0.63 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on B2Gold and its competitors.
Is B2Gold's Scaled Net Operating Assets too high?
B2Gold's current Scaled Net Operating Assets is 0.63. Overall, B2Gold has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Scaled Net Operating Assets compare to NEM and AU?
B2Gold's Scaled Net Operating Assets of 0.63 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 B2Gold and its competitors. B2Gold's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
B2Gold (NAM:B2G) has a current Scaled Net Operating Assets of 0.63. The stock's GF Value™ is R75.86, compared to a current price of R56.42 — trading 25.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.63. B2Gold's overall GF Score™ is 89/100 with 6 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 B2Gold (NAM:B2G), the current Scaled Net Operating Assets is 0.63 as of Mar. 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 B2Gold (NAM:B2G) Overvalued in 2026?
Based on GuruFocus' analysis, B2Gold stock appears to be undervalued.
The current stock price of R56.42 is trading 25.6% below its estimated GF Value™ of R75.86.
Key valuation signals for NAM:B2G:
Scaled Net Operating Assets: 0.63
GF Value™: R75.86 vs. price of R56.42 (25.6% below fair value)
No single metric tells the full story. See the NAM:B2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
89GF 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.
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