Ble Kedros REIC (ATH:BLEKEDROS) Scaled Net Operating Assets: 0.79 (As of Dec. 2025)


ATH:BLEKEDROS Ble Kedros REIC ATH:BLEKEDROS
87 GF Score
Price €4.47
GF Value €5.14
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ble Kedros REIC Scaled Net Operating Assets?

Ble Kedros REIC ATH:BLEKEDROS +0.22% 87 Scaled Net Operating Assets is 0.79 as of Dec. 2025. GuruFocus rates ATH:BLEKEDROS with a GF Score™ of 87/100 and a GF Value™ of €5.14 (Modestly Undervalued). The stock has 5 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.

Ble Kedros REIC's operating assets for the quarter that ended in Dec. 2025 was €131.02 Mil. Ble Kedros REIC's operating liabilities for the quarter that ended in Dec. 2025 was €14.41 Mil. Ble Kedros REIC's Total Assets for the quarter that ended in Jun. 2025 was €147.37 Mil. Therefore, Ble Kedros REIC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.79.


Ble Kedros REIC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ble Kedros REIC'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.

Ble Kedros REIC Scaled Net Operating Assets Chart

Ble Kedros REIC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.16 0.97 0.91 1.02 0.81

Ble Kedros REIC Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.90 0.93 0.99 0.87 0.79

ATH:BLEKEDROS vs HST, RHP, APLE: Scaled Net Operating Assets Comparison

For the REIT - Hotel & Motel subindustry, Ble Kedros REIC'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.


Ble Kedros REIC Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Ble Kedros REIC's Scaled Net Operating Assets distribution charts can be found below:

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


ATH:BLEKEDROS
87GF Score
Ble Kedros REIC ATH:BLEKEDROS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ble Kedros REIC 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.

Ble Kedros REIC'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 )
=(131.021-14.408)/143.233
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=145.671 - 14.65
=131.021

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.2 - 3.792 - 0
=14.408

Ble Kedros REIC'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: Jun. 2025 )
=(131.021-14.408)/147.365
=0.79

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=145.671 - 14.65
=131.021

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.2 - 3.792 - 0
=14.408

* 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 0.79 mean?
Ble Kedros REIC (ATH:BLEKEDROS) has a Scaled Net Operating Assets of 0.79 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 Ble Kedros REIC and its competitors.
Is Ble Kedros REIC's Scaled Net Operating Assets too high?
Ble Kedros REIC's current Scaled Net Operating Assets is 0.79. Overall, Ble Kedros REIC has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ble Kedros REIC's Scaled Net Operating Assets compare to HST and RHP?
Ble Kedros REIC's Scaled Net Operating Assets of 0.79 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Ble Kedros REIC and its competitors. Ble Kedros REIC's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ble Kedros REIC stock overvalued right now?
Based on GuruFocus' analysis, Ble Kedros REIC (ATH:BLEKEDROS) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.14, compared to a current price of €4.47 — trading 13% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. Ble Kedros REIC's overall GF Score™ is 87/100 with 5 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 Ble Kedros REIC (ATH:BLEKEDROS), the current Scaled Net Operating Assets is 0.79 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 Ble Kedros REIC (ATH:BLEKEDROS) Overvalued in 2026?

Based on GuruFocus' analysis, Ble Kedros REIC stock appears to be undervalued. The current stock price of €4.47 is trading 13% below its estimated GF Value™ of €5.14. GuruFocus considers Ble Kedros REIC to be Modestly Undervalued.

Key valuation signals for ATH:BLEKEDROS:

  • Scaled Net Operating Assets: 0.79
  • GF Value™: €5.14 vs. price of €4.47 (13% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Ble Kedros REIC Business Description

Industry Real EstateREITs
Other Exchanges N67:Germany
Address 4 Palaias Tatoiou Street, P.C. 14 671, Kifissia, Athens, GRC
Ble Kedros REIC operates as a Real Estate Investment Company (REIC). It operates in the field of real estate investment, development, and management. Its aim is to create a real estate portfolio that generates consistently high returns and generates stable cash inflows, It invests in commercial real estate which may be utilized immediately such as stores, offices, and industrial buildings, as well as assets for the future development such as plots of land.
87GF Score

Get the complete analysis for ATH:BLEKEDROS

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

€4.47
Price
€5.14
GF Value