Victorias Milling Co (PHS:VMC) Scaled Net Operating Assets: 0.68 (As of Feb. 2026)


PHS:VMC Victorias Milling Co Inc PHS:VMC
89 GF Score
Price ₱1.98
GF Value ₱1.98
Valuation Fairly Valued
! 4 Warning Signs
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What is Victorias Milling Co Scaled Net Operating Assets?

Victorias Milling Co PHS:VMC -1.00% 89 Scaled Net Operating Assets is 0.68 as of Feb. 2026. GuruFocus rates PHS:VMC with a GF Score™ of 89/100 and a GF Value™ of ₱1.98 (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.

Victorias Milling Co's operating assets for the quarter that ended in Feb. 2026 was ₱13,641 Mil. Victorias Milling Co's operating liabilities for the quarter that ended in Feb. 2026 was ₱2,677 Mil. Victorias Milling Co's Total Assets for the quarter that ended in Nov. 2025 was ₱16,115 Mil. Therefore, Victorias Milling Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.68.


Victorias Milling Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Victorias Milling Co'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.

Victorias Milling Co Scaled Net Operating Assets Chart

Victorias Milling Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.67 0.74 0.67 0.75

Victorias Milling Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 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 0.70 0.69 0.68 0.73 0.68

PHS:VMC vs MDLZ, HSY, TR: Scaled Net Operating Assets Comparison

For the Confectioners subindustry, Victorias Milling Co'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.


Victorias Milling Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Victorias Milling Co's Scaled Net Operating Assets distribution charts can be found below:

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


PHS:VMC
89GF Score
Victorias Milling Co Inc PHS:VMC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Victorias Milling Co 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.

Victorias Milling Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(12847.022-1991.98)/14404.533
=0.75

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15388.065 - 2541.043
=12847.022

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1991.98 - 0 - 0
=1991.98

Victorias Milling Co'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: Nov. 2025 )
=(13641.289-2676.73)/16114.83
=0.68

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16470.74 - 2829.451
=13641.289

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2676.73 - 0 - 0
=2676.73

* 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 0.68 mean?
Victorias Milling Co (PHS:VMC) has a Scaled Net Operating Assets of 0.68 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 Victorias Milling Co and its competitors.
Is Victorias Milling Co's Scaled Net Operating Assets too high?
Victorias Milling Co's current Scaled Net Operating Assets is 0.68. Overall, Victorias Milling Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Victorias Milling Co's Scaled Net Operating Assets compare to MDLZ and HSY?
Victorias Milling Co's Scaled Net Operating Assets of 0.68 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Victorias Milling Co and its competitors. Victorias Milling Co's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victorias Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Victorias Milling Co (PHS:VMC) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.98, compared to a current price of ₱1.98 — trading right at its estimated fair value. The current Scaled Net Operating Assets is 0.68. Victorias Milling Co's overall GF Score™ is 89/100 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 Victorias Milling Co (PHS:VMC), the current Scaled Net Operating Assets is 0.68 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 Victorias Milling Co (PHS:VMC) Overvalued in 2026?

Based on GuruFocus' analysis, Victorias Milling Co stock appears to be undervalued. The current stock price of ₱1.98 is trading 0% below its estimated GF Value™ of ₱1.98. GuruFocus considers Victorias Milling Co to be Fairly Valued.

Key valuation signals for PHS:VMC:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: ₱1.98 vs. price of ₱1.98 (0% below fair value)
  • GF Score™: 89/100 with 4 warning signs

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


Victorias Milling Co Business Description

Address J.J. Ossorio Street, VMC Compound, Barangay XVI, Negros Occidental, Victorias, NEC, PHL, 6119
Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company offers milling and tolling services to planters and sells raw sugar, refined sugar, molasses, and renewable energy. The company operates through business segments that include Sugar Milling, Renewable Energy Operations, and Others. The Sugar Milling segment generates maximum revenue for the company.
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.

₱1.98
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