Daniel Thwaites (AQSE:THW) Scaled Net Operating Assets: 0.89 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AQSE:THW Daniel Thwaites PLC AQSE:THW
56 GF Score
Price £1.08
GF Value £1.00
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Daniel Thwaites Scaled Net Operating Assets?

Daniel Thwaites AQSE:THW 56 Scaled Net Operating Assets is 0.89 as of Mar. 2026. GuruFocus rates AQSE:THW with a GF Score™ of 56/100 and a GF Value™ of £1.00 (Fairly Valued). The stock has 8 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.

Daniel Thwaites's operating assets for the quarter that ended in Mar. 2026 was £362.1 Mil. Daniel Thwaites's operating liabilities for the quarter that ended in Mar. 2026 was £37.1 Mil. Daniel Thwaites's Total Assets for the quarter that ended in Sep. 2025 was £365.3 Mil. Therefore, Daniel Thwaites's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.89.


Daniel Thwaites Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Daniel Thwaites'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.

Daniel Thwaites Scaled Net Operating Assets Chart

Daniel Thwaites Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.98 0.72 0.91 0.90

Daniel Thwaites Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.77 0.91 0.90 0.90 0.89

AQSE:THW vs MCD, SBUX, YUM: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Daniel Thwaites'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.


Daniel Thwaites Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Daniel Thwaites's Scaled Net Operating Assets distribution charts can be found below:

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


AQSE:THW
56GF Score
Daniel Thwaites PLC AQSE:THW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daniel Thwaites 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.

Daniel Thwaites's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(362.1-37.1)/361.2
=0.90

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=365.9 - 3.8
=362.1

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=108.6 - 67 - 4.5
=37.1

Daniel Thwaites'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: Sep. 2025 )
=(362.1-37.1)/365.3
=0.89

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=365.9 - 3.8
=362.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=108.6 - 67 - 4.5
=37.1

* 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 0.89 mean?
Daniel Thwaites (AQSE:THW) has a Scaled Net Operating Assets of 0.89 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 Daniel Thwaites and its competitors.
Is Daniel Thwaites' Scaled Net Operating Assets too high?
Daniel Thwaites' current Scaled Net Operating Assets is 0.89. Overall, Daniel Thwaites has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daniel Thwaites' Scaled Net Operating Assets compare to MCD and SBUX?
Daniel Thwaites' Scaled Net Operating Assets of 0.89 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 Daniel Thwaites and its competitors. Daniel Thwaites's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daniel Thwaites stock overvalued right now?
Based on GuruFocus' analysis, Daniel Thwaites (AQSE:THW) is currently considered Fairly Valued. The stock's GF Value™ is £1.00, compared to a current price of £1.08 — trading 7.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.89. Daniel Thwaites' overall GF Score™ is 56/100 with 8 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 Daniel Thwaites (AQSE:THW), the current Scaled Net Operating Assets is 0.89 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 Daniel Thwaites (AQSE:THW) Overvalued in 2026?

Based on GuruFocus' analysis, Daniel Thwaites stock appears to be overvalued. The current stock price of £1.08 is trading 7.5% above its estimated GF Value™ of £1.00. GuruFocus considers Daniel Thwaites to be Fairly Valued.

Key valuation signals for AQSE:THW:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: £1.00 vs. price of £1.08 (7.5% above fair value)
  • GF Score™: 56/100 with 8 warning signs

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


Daniel Thwaites Business Description

Other Exchanges 7KW:Germany
Address Myerscough Road, Mellor Brook, Blackburn, Lancashire, GBR, BB2 7LB
Daniel Thwaites PLC operates pubs, inns and hotels. The company's operations include hotels, conference venues, inns, spas, lodges and pubs. It has two operating segments: Pubs and Inns, which comprise both tenanted and managed pubs, and Hotels, which are all operated on a managed basis. Its pub estate encompasses community locals to destination food-led pubs in both rural and town centre locations, ranging geographically from Cumbria to the Midlands and from North Wales to Yorkshire.
56GF Score

Get the complete analysis for AQSE:THW

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

£1.08
Price
£1.00
GF Value