Comet Industries (TSXV:CMU) Scaled Net Operating Assets: 0.34 (As of Apr. 2026)

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TSXV:CMU Comet Industries Ltd TSXV:CMU
25 GF Score
Price C$6.00
GF Value C$0.19
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Comet Industries Scaled Net Operating Assets?

Comet Industries TSXV:CMU 25 Scaled Net Operating Assets is 0.34 as of Apr. 2026. GuruFocus rates TSXV:CMU with a GF Score™ of 25/100 and a GF Value™ of C$0.19 (Significantly Overvalued). The stock has 3 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.

Comet Industries's operating assets for the quarter that ended in Apr. 2026 was C$16.16 Mil. Comet Industries's operating liabilities for the quarter that ended in Apr. 2026 was C$11.91 Mil. Comet Industries's Total Assets for the quarter that ended in Jan. 2026 was C$12.48 Mil. Therefore, Comet Industries's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.34.


Comet Industries Scaled Net Operating Assets Historical Data

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The historical data trend for Comet Industries'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.

Comet Industries Scaled Net Operating Assets Chart

Comet Industries Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.61 0.60 0.53 1.07

Comet Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.61 0.69 0.70 1.00 0.34

TSXV:CMU vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Comet Industries'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.


Comet Industries Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Scaled Net Operating Assets distribution charts can be found below:

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


TSXV:CMU
25GF Score
Comet Industries Ltd TSXV:CMU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comet Industries 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.

Comet Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(11.823-1.217)/9.908
=1.07

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12.479 - 0.656
=11.823

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.243 - 0.021 - 2.005
=1.217

Comet Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(16.162-11.913)/12.479
=0.34

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22.413 - 6.251
=16.162

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.422 - 0.021 - 1.488
=11.913

* 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 0.34 mean?
Comet Industries (TSXV:CMU) has a Scaled Net Operating Assets of 0.34 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Comet Industries and its competitors.
Is Comet Industries' Scaled Net Operating Assets too high?
Comet Industries' current Scaled Net Operating Assets is 0.34. Overall, Comet Industries has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comet Industries' Scaled Net Operating Assets compare to CBRE and BEKE?
Comet Industries' Scaled Net Operating Assets of 0.34 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Comet Industries and its competitors. Comet Industries's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Industries stock overvalued right now?
Based on GuruFocus' analysis, Comet Industries (TSXV:CMU) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.19, compared to a current price of C$6.00 — trading 3057.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Comet Industries' overall GF Score™ is 25/100 with 3 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 Comet Industries (TSXV:CMU), the current Scaled Net Operating Assets is 0.34 as of Apr. 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 Comet Industries (TSXV:CMU) Overvalued in 2026?

Based on GuruFocus' analysis, Comet Industries stock appears to be overvalued. The current stock price of C$6.00 is trading 3057.9% above its estimated GF Value™ of C$0.19. GuruFocus considers Comet Industries to be Significantly Overvalued.

Key valuation signals for TSXV:CMU:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: C$0.19 vs. price of C$6.00 (3057.9% above fair value)
  • GF Score™: 25/100 with 3 warning signs

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


Comet Industries Business Description

Address 1177 West Hastings Street, Suite 1710, Vancouver, BC, CAN, V6E 2L3
Comet Industries Ltd is an exploration-stage company. The Company is engaged in the business of developing properties, including Iron Mask, and holding and managing real properties, all in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia, on a freehold basis. The segments of the company include Investment Properties, Exploration, Properties under Development, and General or Administration. The company generates maximum revenue from the Properties under Development segment.
25GF Score

Get the complete analysis for TSXV:CMU

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

C$6.00
Price
C$0.19
GF Value