Carreras (XJAM:CAR) Scaled Net Operating Assets: 0.21 (As of Dec. 2025)


XJAM:CAR Carreras Ltd XJAM:CAR
76 GF Score
Price JMD27.84
GF Value JMD12.99
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Carreras Scaled Net Operating Assets?

Carreras XJAM:CAR -1.17% 76 Scaled Net Operating Assets is 0.21 as of Dec. 2025. GuruFocus rates XJAM:CAR with a GF Score™ of 76/100 and a GF Value™ of JMD12.99 (Significantly Overvalued). The stock has 6 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.

Carreras's operating assets for the quarter that ended in Dec. 2025 was JMD3,954 Mil. Carreras's operating liabilities for the quarter that ended in Dec. 2025 was JMD2,123 Mil. Carreras's Total Assets for the quarter that ended in Dec. 2024 was JMD8,828 Mil. Therefore, Carreras's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.21.


Carreras Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Carreras'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.

Carreras Scaled Net Operating Assets Chart

Carreras Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.22 0.25 0.36 0.21

Carreras Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24 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 0.04 0.22 0.25 0.36 0.21

XJAM:CAR vs PM, MO, TPB: Scaled Net Operating Assets Comparison

For the Tobacco subindustry, Carreras'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.


Carreras Scaled Net Operating Assets vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Carreras's Scaled Net Operating Assets distribution charts can be found below:

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


XJAM:CAR
76GF Score
Carreras Ltd XJAM:CAR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Carreras 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.

Carreras'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 )
=(3954.416-2122.645)/8828.241
=0.21

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7344.438 - 3390.022
=3954.416

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4186.65 - 626.205 - 1437.8
=2122.645

Carreras'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: Dec. 2024 )
=(3954.416-2122.645)/8828.241
=0.21

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7344.438 - 3390.022
=3954.416

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4186.65 - 626.205 - 1437.8
=2122.645

* 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 0.21 mean?
Carreras (XJAM:CAR) has a Scaled Net Operating Assets of 0.21 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 Carreras and its competitors.
Is Carreras' Scaled Net Operating Assets too high?
Carreras' current Scaled Net Operating Assets is 0.21. Overall, Carreras has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carreras' Scaled Net Operating Assets compare to PM and MO?
Carreras' Scaled Net Operating Assets of 0.21 can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Scaled Net Operating Assets depends on the Tobacco Products 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 Carreras and its competitors. Carreras's current Scaled Net Operating Assets is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carreras stock overvalued right now?
Based on GuruFocus' analysis, Carreras (XJAM:CAR) is currently considered Significantly Overvalued. The stock's GF Value™ is JMD12.99, compared to a current price of JMD27.84 — trading 114.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.21. Carreras' overall GF Score™ is 76/100 with 6 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 Carreras (XJAM:CAR), the current Scaled Net Operating Assets is 0.21 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 Carreras (XJAM:CAR) Overvalued in 2026?

Based on GuruFocus' analysis, Carreras stock appears to be overvalued. The current stock price of JMD27.84 is trading 114.3% above its estimated GF Value™ of JMD12.99. GuruFocus considers Carreras to be Significantly Overvalued.

Key valuation signals for XJAM:CAR:

  • Scaled Net Operating Assets: 0.21
  • GF Value™: JMD12.99 vs. price of JMD27.84 (114.3% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Carreras Business Description

Address 8 Automotive Parkway, Kingston, JAM, 20
Carreras Ltd is a marketer and distributor of cigarettes and tobacco-related products in Jamaica. The company markets and distributes various brands of cigarettes, including Craven A and Matterhorn. The group's activities are limited to the distribution of cigarettes to Jamaican consumers, operating in a single segment.
76GF Score

Get the complete analysis for XJAM:CAR

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

JMD27.84
Price
JMD12.99
GF Value