PSG Financial Services (NAM:KFS) Scaled Net Operating Assets: -0.04 (As of Feb. 2026)


NAM:KFS PSG Financial Services Ltd NAM:KFS
81 GF Score
Price R30.41
GF Value R21.58
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PSG Financial Services Scaled Net Operating Assets?

PSG Financial Services NAM:KFS 81 Scaled Net Operating Assets is -0.04 as of Feb. 2026. GuruFocus rates NAM:KFS with a GF Score™ of 81/100 and a GF Value™ of R21.58 (Significantly Overvalued). The stock has 6 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.

PSG Financial Services's operating assets for the quarter that ended in Feb. 2026 was R146,224 Mil. PSG Financial Services's operating liabilities for the quarter that ended in Feb. 2026 was R151,647 Mil. PSG Financial Services's Total Assets for the quarter that ended in Aug. 2025 was R129,179 Mil. Therefore, PSG Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was -0.04.


PSG Financial Services Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PSG Financial Services'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.

PSG Financial Services Scaled Net Operating Assets Chart

PSG Financial Services Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 -0.04 -0.04 -0.04 -0.05

PSG Financial Services Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -0.04 0.03 -0.04 0.04 -0.04

NAM:KFS vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, PSG Financial Services'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.


PSG Financial Services Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PSG Financial Services's Scaled Net Operating Assets distribution charts can be found below:

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


NAM:KFS
81GF Score
PSG Financial Services Ltd NAM:KFS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PSG Financial Services 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.

PSG Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(146223.9-151647.288)/114321.587
=-0.05

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=158396.626 - 12172.726
=146223.9

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=151986.472 - 270.747 - 68.437
=151647.288

PSG Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(146223.9-151647.288)/129179.264
=-0.04

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=158396.626 - 12172.726
=146223.9

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=151986.472 - 270.747 - 68.437
=151647.288

* 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 -0.04 mean?
PSG Financial Services (NAM:KFS) has a Scaled Net Operating Assets of -0.04 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PSG Financial Services and its competitors.
Is PSG Financial Services' Scaled Net Operating Assets too high?
PSG Financial Services' current Scaled Net Operating Assets is -0.04. Overall, PSG Financial Services has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSG Financial Services' Scaled Net Operating Assets compare to BLK and BX?
PSG Financial Services' Scaled Net Operating Assets of -0.04 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 PSG Financial Services and its competitors. PSG Financial Services's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, PSG Financial Services (NAM:KFS) is currently considered Significantly Overvalued. The stock's GF Value™ is R21.58, compared to a current price of R30.41 — trading 40.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.04. PSG Financial Services' overall GF Score™ is 81/100 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 PSG Financial Services (NAM:KFS), the current Scaled Net Operating Assets is -0.04 as of Feb. 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 PSG Financial Services (NAM:KFS) Overvalued in 2026?

Based on GuruFocus' analysis, PSG Financial Services stock appears to be overvalued. The current stock price of R30.41 is trading 40.9% above its estimated GF Value™ of R21.58. GuruFocus considers PSG Financial Services to be Significantly Overvalued.

Key valuation signals for NAM:KFS:

  • Scaled Net Operating Assets: -0.04
  • GF Value™: R21.58 vs. price of R30.41 (40.9% above fair value)
  • GF Score™: 81/100 with 6 warning signs

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


PSG Financial Services Business Description

Other Exchanges KST:South AfricaEU4:Germany
Address 3 Howick Close, 4th Floor, The Edge, Tyger Waterfront, Tyger Valley, Bellville, WC, ZAF, 7530
PSG Financial Services Ltd is an independent financial services company. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. PSG is structured into three segments which are PSG Wealth, generating income from managed and platform assets; PSG Asset Management, deriving income from assets under management; PSG Insure, earning income from premiums and underwriting.
81GF 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.

R30.41
Price
R21.58
GF Value