AFGYF (H-Power) Scaled Net Operating Assets: 0.37 (As of Apr. 2026)

H-Power AFGYF -11.71% 34 Scaled Net Operating Assets is 0.37 as of Apr. 2026. GuruFocus rates AFGYF with a GF Score™ of 34/100. The stock has 4 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.

H-Power's operating assets for the quarter that ended in Apr. 2026 was $29.29 Mil. H-Power's operating liabilities for the quarter that ended in Apr. 2026 was $8.34 Mil. H-Power's Total Assets for the quarter that ended in Oct. 2025 was $56.67 Mil. Therefore, H-Power's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.37.

H-Power Scaled Net Operating Assets Related Terms

H-Power Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for H-Power'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.

H-Power Scaled Net Operating Assets Chart

H-Power Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Scaled Net Operating Assets

Get a 7-Day Free Trial

0.16

0.09

0.10

0.46

0.32

H-Power Semi-Annual Data
	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25	Apr26
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.32	0.58	0.49	0.42	0.37

AFGYF vs VRT, BE: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, H-Power'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.

H-Power Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, H-Power's Scaled Net Operating Assets distribution charts can be found below:

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

Save Embed

34GF Score

H-Power PLC AFGYF

Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

H-Power 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.

H-Power's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2025 )
=	(Operating Assets (A: Oct. 2025 )	-	Operating Liabilities (A: Oct. 2025 ))	/	Total Assets (A: Oct. 2024 )
=	(22.868	-	7.697)	/	47.682
=	0.32

where

	Operating Assets		(A: Oct. 2025 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	56.669	-	33.801
=	22.868

	Operating Liabilities		(A: Oct. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8.077	-	0.108	-	0.272
=	7.697

H-Power'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: Oct. 2025 )
=	(29.293	-	8.339)	/	56.669
=	0.37

where

	Operating Assets		(Q: Apr. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	52.764	-	23.471
=	29.293

	Operating Liabilities		(Q: Apr. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10.219	-	1.102	-	0.778
=	8.339

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of 0.37 mean?

H-Power (AFGYF) has a Scaled Net Operating Assets of 0.37 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 H-Power and its competitors.

Is H-Power's Scaled Net Operating Assets too high?

H-Power's current Scaled Net Operating Assets is 0.37. Overall, H-Power has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.

How does H-Power's Scaled Net Operating Assets compare to VRT and BE?

H-Power's Scaled Net Operating Assets of 0.37 can be compared against companies in the Industrial 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 an Industrial Products company?

A good Scaled Net Operating Assets depends on the Industrial 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 H-Power and its competitors. H-Power's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is H-Power stock overvalued right now?

H-Power (AFGYF) has a current Scaled Net Operating Assets of 0.37. The current Scaled Net Operating Assets is 0.37. H-Power's overall GF Score™ is 34/100 with 4 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 H-Power (AFGYF), the current Scaled Net Operating Assets is 0.37 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.

H-Power Business Description

Industry Industrials Industrial Products

Comparable Companies LSE:IES LSE:DIA LSE:TFW LSE:IKA LSE:GELN LSE:EAAS LSE:LPA LSE:LUCE LSE:XPP SZSE:300750 XSWX:ABBN BKK:DELTA VRT TSE:6503 BE XKRX:373220 SZSE:300274 MIL:PRY XPAR:LR BSP:WEGE3

Other Exchanges HPOWl:UK HPOW:UK QC8:Germany

Address Dunsfold Park, Unit 68.3, Canada Avenue, Cranleigh, Surrey, GBR, GU6 8TB

Website http://www.h-power.co.uk

H-Power PLC is a provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Its products include decentralised ammonia cracker systems and fuel cell generators designed to supply low-carbon hydrogen and power for industrial and off-grid applications. The company focuses on the commercial rollout of its hydrogen and power technologies and the development of modular ammonia cracker systems and fuel cell-based power solutions. Its technologies are intended to provide alternatives to conventional diesel-based power generation systems.

34GF Score

Get the complete analysis for AFGYF

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

$0.15

Price

View AFGYF Analysis

See Scaled Net Operating Assets data for all stocks →