Space42 (ADX:SPACE42) Scaled Net Operating Assets: 0.29 (As of Mar. 2026)


ADX:SPACE42 Space42 PLC ADX:SPACE42
88 GF Score
Price د.إ1.75
GF Value د.إ2.17
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Space42 Scaled Net Operating Assets?

Space42 ADX:SPACE42 +0.57% 88 Scaled Net Operating Assets is 0.29 as of Mar. 2026. GuruFocus rates ADX:SPACE42 with a GF Score™ of 88/100 and a GF Value™ of د.إ2.17 (Modestly Undervalued). 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.

Space42's operating assets for the quarter that ended in Mar. 2026 was د.إ9,535 Mil. Space42's operating liabilities for the quarter that ended in Mar. 2026 was د.إ5,694 Mil. Space42's Total Assets for the quarter that ended in Dec. 2025 was د.إ13,431 Mil. Therefore, Space42's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.29.


Space42 Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Space42'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.

Space42 Scaled Net Operating Assets Chart

Space42 Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.10 0.68 0.38 2.55 0.28

Space42 Quarterly Data
Dec20 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 0.36 0.40 0.42 0.30 0.29

ADX:SPACE42 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Space42'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.


Space42 Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Space42's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Space42's Scaled Net Operating Assets falls into.


ADX:SPACE42
88GF Score
Space42 PLC ADX:SPACE42
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Space42 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.

Space42'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 )
=(9775.725-5839.743)/14243.275
=0.28

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13430.572 - 3654.847
=9775.725

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6889.239 - 703.269 - 346.227
=5839.743

Space42'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 )
=(9535.328-5693.974)/13430.572
=0.29

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13297.508 - 3762.18
=9535.328

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6743.033 - 701.741 - 347.318
=5693.974

* 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?
Space42 (ADX:SPACE42) has a Scaled Net Operating Assets of 0.29 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 Space42 and its competitors.
Is Space42's Scaled Net Operating Assets too high?
Space42's current Scaled Net Operating Assets is 0.29. Overall, Space42 has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Space42's Scaled Net Operating Assets compare to IBM and ACN?
Space42's Scaled Net Operating Assets of 0.29 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 Space42 and its competitors. Space42'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 Space42 stock overvalued right now?
Based on GuruFocus' analysis, Space42 (ADX:SPACE42) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.17, compared to a current price of د.إ1.75 — trading 19.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.29. Space42's overall GF Score™ is 88/100 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 Space42 (ADX:SPACE42), the current Scaled Net Operating Assets is 0.29 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 Space42 (ADX:SPACE42) Overvalued in 2026?

Based on GuruFocus' analysis, Space42 stock appears to be undervalued. The current stock price of د.إ1.75 is trading 19.4% below its estimated GF Value™ of د.إ2.17. GuruFocus considers Space42 to be Modestly Undervalued.

Key valuation signals for ADX:SPACE42:

  • Scaled Net Operating Assets: 0.29
  • GF Value™: د.إ2.17 vs. price of د.إ1.75 (19.4% below fair value)
  • GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the ADX:SPACE42 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space42 Business Description

Address Sweihan Road, Zayed Military City, Abu Dhabi, ARE
Space42 PLC is a UAE-based AI-powered space tech group that integrates satellite communications, geospatial insights, and artificial intelligence capabilities for customers globally. Its operating segments are: Space Services and Smart Solutions. The majority of the group's revenue is generated by the Space Services segment, which provides secure satellite communication solutions for government and mission-critical applications, reliable mobility and communication solutions, and high-speed data connectivity. The Smart Solutions business provides earth observation, geospatial, and industry-specific solutions using an AI-driven multi-intelligence platform, GIQ. Geographically, the group derives maximum revenue from the UAE, followed by Asia, Africa, Europe, North America, and other regions.
88GF 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.

د.إ1.75
Price
د.إ2.17
GF Value