2 Cheap Cars Group (NZSE:2CC) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


NZSE:2CC 2 Cheap Cars Group Ltd NZSE:2CC
48 GF Score
Price NZ$0.66
GF Value NZ$0.71
Valuation Fairly Valued
! 4 Warning Signs
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What is 2 Cheap Cars Group Scaled Net Operating Assets?

2 Cheap Cars Group NZSE:2CC +1.54% 48 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates NZSE:2CC with a GF Score™ of 48/100 and a GF Value™ of NZ$0.71 (Fairly Valued). 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.

2 Cheap Cars Group's operating assets for the quarter that ended in Mar. 2026 was NZ$32.51 Mil. 2 Cheap Cars Group's operating liabilities for the quarter that ended in Mar. 2026 was NZ$4.47 Mil. 2 Cheap Cars Group's Total Assets for the quarter that ended in Sep. 2025 was NZ$33.85 Mil. Therefore, 2 Cheap Cars Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


2 Cheap Cars Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for 2 Cheap Cars Group'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.

2 Cheap Cars Group Scaled Net Operating Assets Chart

2 Cheap Cars Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.88 0.57 0.83 0.71 0.82

2 Cheap Cars Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.82 0.72 0.78 0.83

NZSE:2CC vs CVNA, PAG, ALTB: Scaled Net Operating Assets Comparison

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.


2 Cheap Cars Group Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Scaled Net Operating Assets falls into.


NZSE:2CC
48GF Score
2 Cheap Cars Group Ltd NZSE:2CC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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2 Cheap Cars Group 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.

2 Cheap Cars Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(32.507-4.465)/34.201
=0.82

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=36.345 - 3.838
=32.507

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.193 - 7.314 - 2.414
=4.465

2 Cheap Cars Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(32.507-4.465)/33.853
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=36.345 - 3.838
=32.507

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.193 - 7.314 - 2.414
=4.465

* 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 0.83 mean?
2 Cheap Cars Group (NZSE:2CC) has a Scaled Net Operating Assets of 0.83 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 2 Cheap Cars Group and its competitors.
Is 2 Cheap Cars Group's Scaled Net Operating Assets too high?
2 Cheap Cars Group's current Scaled Net Operating Assets is 0.83. Overall, 2 Cheap Cars Group has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2 Cheap Cars Group's Scaled Net Operating Assets compare to CVNA and PAG?
2 Cheap Cars Group's Scaled Net Operating Assets of 0.83 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 2 Cheap Cars Group and its competitors. 2 Cheap Cars Group's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2 Cheap Cars Group stock overvalued right now?
Based on GuruFocus' analysis, 2 Cheap Cars Group (NZSE:2CC) is currently considered Fairly Valued. The stock's GF Value™ is NZ$0.71, compared to a current price of NZ$0.66 — trading 7% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. 2 Cheap Cars Group's overall GF Score™ is 48/100 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 2 Cheap Cars Group (NZSE:2CC), the current Scaled Net Operating Assets is 0.83 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 2 Cheap Cars Group (NZSE:2CC) Overvalued in 2026?

Based on GuruFocus' analysis, 2 Cheap Cars Group stock appears to be undervalued. The current stock price of NZ$0.66 is trading 7% below its estimated GF Value™ of NZ$0.71. GuruFocus considers 2 Cheap Cars Group to be Fairly Valued.

Key valuation signals for NZSE:2CC:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: NZ$0.71 vs. price of NZ$0.66 (7% below fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the NZSE:2CC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


2 Cheap Cars Group Business Description

Address 102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The group draws revenue from the two divisions: automotive retail division, revenue is derived from the sale of vehicles and from agent commissions relating to third-party finance and insurance products.
48GF Score

Get the complete analysis for NZSE:2CC

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$0.66
Price
NZ$0.71
GF Value