Benguet (PHS:BCB) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)


PHS:BCB Benguet Corp PHS:BCB
71 GF Score
Price ₱6.30
GF Value ₱5.67
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Benguet Scaled Net Operating Assets?

Benguet PHS:BCB 71 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates PHS:BCB with a GF Score™ of 71/100 and a GF Value™ of ₱5.67 (Modestly Overvalued). The stock has 5 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.

Benguet's operating assets for the quarter that ended in Mar. 2026 was ₱8,952 Mil. Benguet's operating liabilities for the quarter that ended in Mar. 2026 was ₱1,707 Mil. Benguet's Total Assets for the quarter that ended in Dec. 2025 was ₱11,751 Mil. Therefore, Benguet's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


Benguet Scaled Net Operating Assets Historical Data

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The historical data trend for Benguet'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.

Benguet Scaled Net Operating Assets Chart

Benguet 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 0.69 0.67 0.65 0.66

Benguet Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.59 0.61 0.60 0.64 0.62

PHS:BCB vs NEM, AU, CDE: Scaled Net Operating Assets Comparison

For the Gold subindustry, Benguet'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.


Benguet Scaled Net Operating Assets vs Metals & Mining Industry

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

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


PHS:BCB
71GF Score
Benguet Corp PHS:BCB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Benguet 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.

Benguet'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 )
=(8751.166-1606.326)/10867.321
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11751.449 - 3000.283
=8751.166

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1613.784 - 4.113 - 3.345
=1606.326

Benguet'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: Dec. 2025 )
=(8952.125-1707.395)/11751.449
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12294.709 - 3342.584
=8952.125

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1707.395 - 0 - 0
=1707.395

* 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 0.62 mean?
Benguet (PHS:BCB) has a Scaled Net Operating Assets of 0.62 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 Benguet and its competitors.
Is Benguet's Scaled Net Operating Assets too high?
Benguet's current Scaled Net Operating Assets is 0.62. Overall, Benguet has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benguet's Scaled Net Operating Assets compare to NEM and AU?
Benguet's Scaled Net Operating Assets of 0.62 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 Benguet and its competitors. Benguet's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benguet stock overvalued right now?
Based on GuruFocus' analysis, Benguet (PHS:BCB) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱5.67, compared to a current price of ₱6.30 — trading 11.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. Benguet's overall GF Score™ is 71/100 with 5 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 Benguet (PHS:BCB), the current Scaled Net Operating Assets is 0.62 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 Benguet (PHS:BCB) Overvalued in 2026?

Based on GuruFocus' analysis, Benguet stock appears to be overvalued. The current stock price of ₱6.30 is trading 11.1% above its estimated GF Value™ of ₱5.67. GuruFocus considers Benguet to be Modestly Overvalued.

Key valuation signals for PHS:BCB:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: ₱5.67 vs. price of ₱6.30 (11.1% above fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Benguet Business Description

Address 106 Paseo de Roxas, 7th Floor, Universal Re-Building, Makati City, PHL, 1226
Benguet Corp is engaged in gold, nickel, and other metallic and nonmetallic mineral production, exploration, research and development, and natural resource projects. The company operates through four business segments, namely Mining, Health Services, Logistics, and Others. The Mining segment is engaged in exploration, nickel, and gold mining operations and generates the maximum revenue for the company. The Health Services segment is engaged in the business of offering medical and clinical diagnostic examinations and health care services on pre-employment. The logistics segment is engaged in logistics services to the supply-chain requirements of various industries. The Other segment of the company is engaged in research, development, health services, and water projects.
71GF Score

Get the complete analysis for PHS:BCB

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

₱6.30
Price
₱5.67
GF Value