Sangoma Technologies (TSX:STC) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


TSX:STC Sangoma Technologies Corp TSX:STC
65 GF Score
Price C$5.70
GF Value C$6.01
Valuation Fairly Valued
! 2 Warning Signs
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What is Sangoma Technologies Scaled Net Operating Assets?

Sangoma Technologies TSX:STC +3.83% 65 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates TSX:STC with a GF Score™ of 65/100 and a GF Value™ of C$6.01 (Fairly Valued). The stock has 2 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.

Sangoma Technologies's operating assets for the quarter that ended in Mar. 2026 was C$414.7 Mil. Sangoma Technologies's operating liabilities for the quarter that ended in Mar. 2026 was C$40.2 Mil. Sangoma Technologies's Total Assets for the quarter that ended in Dec. 2025 was C$448.9 Mil. Therefore, Sangoma Technologies's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Sangoma Technologies Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sangoma Technologies'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.

Sangoma Technologies Scaled Net Operating Assets Chart

Sangoma Technologies 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 3.10 0.78 0.77 0.77 0.74

Sangoma Technologies 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 0.81 0.78 0.84 0.82 0.83

TSX:STC vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Sangoma Technologies'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.


Sangoma Technologies Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Sangoma Technologies's Scaled Net Operating Assets distribution charts can be found below:

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


TSX:STC
65GF Score
Sangoma Technologies Corp TSX:STC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sangoma Technologies 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.

Sangoma Technologies'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 )
=(455.214-49.536)/549.084
=0.74

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=473.658 - 18.444
=455.214

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=126.224 - 46.542 - 30.146
=49.536

Sangoma Technologies'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 )
=(414.68-40.208)/448.925
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=435.506 - 20.826
=414.68

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94.697 - 24.059 - 30.43
=40.208

* 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 0.83 mean?
Sangoma Technologies (TSX:STC) has a Scaled Net Operating Assets of 0.83 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 Sangoma Technologies and its competitors.
Is Sangoma Technologies' Scaled Net Operating Assets too high?
Sangoma Technologies' current Scaled Net Operating Assets is 0.83. Overall, Sangoma Technologies has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sangoma Technologies' Scaled Net Operating Assets compare to MSFT and ORCL?
Sangoma Technologies' Scaled Net Operating Assets of 0.83 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Sangoma Technologies and its competitors. Sangoma Technologies's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sangoma Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sangoma Technologies (TSX:STC) is currently considered Fairly Valued. The stock's GF Value™ is C$6.01, compared to a current price of C$5.70 — trading 5.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Sangoma Technologies' overall GF Score™ is 65/100 with 2 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 Sangoma Technologies (TSX:STC), the current Scaled Net Operating Assets is 0.83 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 Sangoma Technologies (TSX:STC) Overvalued in 2026?

Based on GuruFocus' analysis, Sangoma Technologies stock appears to be undervalued. The current stock price of C$5.70 is trading 5.2% below its estimated GF Value™ of C$6.01. GuruFocus considers Sangoma Technologies to be Fairly Valued.

Key valuation signals for TSX:STC:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: C$6.01 vs. price of C$5.70 (5.2% below fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Sangoma Technologies Business Description

Other Exchanges SANG:USA54GA:Germany
Address 333 Bay Street, Bay-Adelaide Centre, Suite 3400, Toronto, ON, CAN, M5H 2S7
Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.
65GF 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.

C$5.70
Price
C$6.01
GF Value