SBSTF (SBS Transit) Scaled Net Operating Assets: 0.29 (As of Dec. 2025)


What is SBS Transit Scaled Net Operating Assets?

SBS Transit SBSTF 82 Scaled Net Operating Assets is 0.29 as of Dec. 2025. GuruFocus rates SBSTF with a GF Score™ of 82/100. The stock has 8 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.

SBS Transit's operating assets for the quarter that ended in Dec. 2025 was $549.08 Mil. SBS Transit's operating liabilities for the quarter that ended in Dec. 2025 was $308.88 Mil. SBS Transit's Total Assets for the quarter that ended in Jun. 2025 was $833.55 Mil. Therefore, SBS Transit's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.29.


SBS Transit Scaled Net Operating Assets Historical Data

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The historical data trend for SBS Transit'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.

SBS Transit Scaled Net Operating Assets Chart

SBS Transit 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 0.42 0.33 0.28 0.30 0.28

SBS Transit 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 0.28 0.32 0.31 0.32 0.29

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

For the Railroads subindustry, SBS Transit'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.


SBS Transit Scaled Net Operating Assets vs Transportation Industry

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

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



SBS Transit 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.

SBS Transit'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 )
=(549.081-308.882)/859.499
=0.28

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=846.844 - 297.763
=549.081

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=317.98 - 2.427 - 6.671
=308.882

SBS Transit'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 )
=(549.081-308.882)/833.545
=0.29

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=846.844 - 297.763
=549.081

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=317.98 - 2.427 - 6.671
=308.882

* 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 0.29 mean?
SBS Transit (SBSTF) has a Scaled Net Operating Assets of 0.29 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 SBS Transit and its competitors.
Is SBS Transit's Scaled Net Operating Assets too high?
SBS Transit's current Scaled Net Operating Assets is 0.29. Overall, SBS Transit has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does SBS Transit's Scaled Net Operating Assets compare to UNP and CSX?
SBS Transit's Scaled Net Operating Assets of 0.29 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 SBS Transit and its competitors. SBS Transit's current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBS Transit stock overvalued right now?
SBS Transit (SBSTF) has a current Scaled Net Operating Assets of 0.29. The current Scaled Net Operating Assets is 0.29. SBS Transit's overall GF Score™ is 82/100 with 8 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 SBS Transit (SBSTF), the current Scaled Net Operating Assets is 0.29 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.

SBS Transit Business Description

Other Exchanges S61:Singapore
Address 91 Sengkang East Avenue, Singapore, SGP, 545072
SBS Transit Ltd is engaged in providing public transport services and consultancy services relating to land transport. The provision of public transport services includes the operation of public buses and rail transit systems in Singapore. The company's operating segments are Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains, and rental collection from commercial and shop space at bus interchanges and rail stations. The majority of the company's revenue is generated from the Public Transport Services segment.