SKHCF (Sonic Healthcare) Scaled Net Operating Assets: 0.90 (As of Dec. 2025)


SKHCF Sonic Healthcare Ltd SKHCF
68 GF Score
Price $12.76
GF Value $20.60
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Sonic Healthcare Scaled Net Operating Assets?

Sonic Healthcare SKHCF 68 Scaled Net Operating Assets is 0.90 as of Dec. 2025. GuruFocus rates SKHCF with a GF Score™ of 68/100 and a GF Value™ of $20.60 (Significantly Undervalued). 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.

Sonic Healthcare's operating assets for the quarter that ended in Dec. 2025 was $10,944 Mil. Sonic Healthcare's operating liabilities for the quarter that ended in Dec. 2025 was $1,565 Mil. Sonic Healthcare's Total Assets for the quarter that ended in Jun. 2025 was $10,452 Mil. Therefore, Sonic Healthcare's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.90.


Sonic Healthcare Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sonic Healthcare'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.

Sonic Healthcare Scaled Net Operating Assets Chart

Sonic Healthcare 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 0.80 0.76 0.78 0.93 0.58

Sonic Healthcare 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 0.60 1.26 0.55 0.87 0.90

SKHCF vs TMO, DHR, IDXX: Scaled Net Operating Assets Comparison

For the Diagnostics & Research subindustry, Sonic Healthcare'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.


Sonic Healthcare Scaled Net Operating Assets vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Sonic Healthcare's Scaled Net Operating Assets distribution charts can be found below:

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


SKHCF
68GF Score
Sonic Healthcare Ltd SKHCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonic Healthcare 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.

Sonic Healthcare'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 )
=(10013.116-1568.94)/14500.762
=0.58

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10451.77 - 438.654
=10013.116

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4935.353 - 3066.329 - 300.084
=1568.94

Sonic Healthcare'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 )
=(10944.266-1564.997)/10451.77
=0.90

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11314.447 - 370.181
=10944.266

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5518.668 - 3399.102 - 554.569
=1564.997

* 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 0.90 mean?
Sonic Healthcare (SKHCF) has a Scaled Net Operating Assets of 0.90 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 Sonic Healthcare and its competitors.
Is Sonic Healthcare's Scaled Net Operating Assets too high?
Sonic Healthcare's current Scaled Net Operating Assets is 0.90. Overall, Sonic Healthcare has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonic Healthcare's Scaled Net Operating Assets compare to TMO and DHR?
Sonic Healthcare's Scaled Net Operating Assets of 0.90 can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Scaled Net Operating Assets depends on the Medical Diagnostics & Research 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 Sonic Healthcare and its competitors. Sonic Healthcare's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonic Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Sonic Healthcare (SKHCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $20.60, compared to a current price of $12.76 — trading 38.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.90. Sonic Healthcare's overall GF Score™ is 68/100 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 Sonic Healthcare (SKHCF), the current Scaled Net Operating Assets is 0.90 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 Sonic Healthcare (SKHCF) Overvalued in 2026?

Based on GuruFocus' analysis, Sonic Healthcare stock appears to be undervalued. The current stock price of $12.76 is trading 38.1% below its estimated GF Value™ of $20.60. GuruFocus considers Sonic Healthcare to be Significantly Undervalued.

Key valuation signals for SKHCF:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: $20.60 vs. price of $12.76 (38.1% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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


Sonic Healthcare Business Description

Address 225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000
Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the UK, the second-largest in Belgium and New Zealand, and the third largest in the US. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second-largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 35% of group revenue in Australia and New Zealand, 25% in the US, and 40% in Europe.
68GF 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.

$12.76
Price
$20.60
GF Value