QRNNF (Aurizon Holdings) Scaled Net Operating Assets: 0.81 (As of Dec. 2025)


QRNNF Aurizon Holdings Ltd QRNNF
71 GF Score
Price $2.58
GF Value $3.03
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Aurizon Holdings Scaled Net Operating Assets?

Aurizon Holdings QRNNF 71 Scaled Net Operating Assets is 0.81 as of Dec. 2025. GuruFocus rates QRNNF with a GF Score™ of 71/100 and a GF Value™ of $3.03 (Modestly Undervalued). The stock has 11 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.

Aurizon Holdings's operating assets for the quarter that ended in Dec. 2025 was $7,691 Mil. Aurizon Holdings's operating liabilities for the quarter that ended in Dec. 2025 was $1,514 Mil. Aurizon Holdings's Total Assets for the quarter that ended in Jun. 2025 was $7,579 Mil. Therefore, Aurizon Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.81.

Aurizon Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Aurizon Holdings'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.

Aurizon Holdings Scaled Net Operating Assets Chart

Aurizon Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.71 0.93 0.79 0.81

Aurizon Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.81 0.79 0.77 0.85 0.82

QRNNF vs UNP, CSX, NSC: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Aurizon Holdings'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.

Aurizon Holdings Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Aurizon Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


QRNNF
71GF Score
Aurizon Holdings Ltd QRNNF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Aurizon Holdings 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.

Aurizon Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(7537.76-1337.89)/7699.867
=0.81

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7579.427 - 41.667
=7537.76

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4919.271 - 2932.292 - 649.089
=1337.89

Aurizon Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(7691.03-1514.286)/7579.427
=0.81

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7719.601 - 28.571
=7691.03

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4970.1 - 2736.877 - 718.937
=1514.286

* 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 0.81 mean?
Aurizon Holdings (QRNNF) has a Scaled Net Operating Assets of 0.81 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Aurizon Holdings and its competitors.
Is Aurizon Holdings' Scaled Net Operating Assets too high?
Aurizon Holdings' current Scaled Net Operating Assets is 0.81. Overall, Aurizon Holdings has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aurizon Holdings' Scaled Net Operating Assets compare to UNP and CSX?
Aurizon Holdings' Scaled Net Operating Assets of 0.81 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Aurizon Holdings and its competitors. Aurizon Holdings's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Aurizon Holdings (QRNNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.03, compared to a current price of $2.58 — trading 15% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Aurizon Holdings' overall GF Score™ is 71/100 with 11 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 Aurizon Holdings (QRNNF), the current Scaled Net Operating Assets is 0.81 as of Dec. 2025. 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 Aurizon Holdings (QRNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Aurizon Holdings stock appears to be undervalued. The current stock price of $2.58 is trading 15% below its estimated GF Value™ of $3.03. GuruFocus considers Aurizon Holdings to be Modestly Undervalued.

Key valuation signals for QRNNF:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: $3.03 vs. price of $2.58 (15% below fair value)
  • GF Score™: 71/100 with 11 warning signs

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

Aurizon Holdings Business Description

Other Exchanges AZJ:Australia
Address 900 Ann Street, Level 8, Fortitude Valley, Brisbane, QLD, AUS, 4006
Aurizon operates rail haulage of coal, iron ore, and freight, and owns a regulated rail network in Queensland. Coal haulage from mine to port contributes a third of operating income. The noncoal bulk segment contributes less than 15% of earnings and undertakes the rail haulage of agricultural, mining, and industrial products. The rail network, composed of 2,670 kilometers of coal rail network under a 99-year lease from the Queensland government, contributes half of earnings.
71GF Score

Get the complete analysis for QRNNF

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

$2.58
Price
$3.03
GF Value