Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Coca-Cola HBC AG's operating assets for the quarter that ended in Dec. 2025 was €8,869 Mil. Coca-Cola HBC AG's operating liabilities for the quarter that ended in Dec. 2025 was €3,745 Mil. Coca-Cola HBC AG's Total Assets for the quarter that ended in Jun. 2025 was €11,879 Mil. Therefore, Coca-Cola HBC AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.43.
Coca-Cola HBC AG Scaled Net Operating Assets Related Terms
Coca-Cola HBC AG Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Coca-Cola HBC AG'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.
Coca-Cola HBC AG Scaled Net Operating Assets Chart
ATH:EEE vs KO, PEP, MNST: Scaled Net Operating Assets Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.
Coca-Cola HBC AG Scaled Net Operating Assets vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG's Scaled Net Operating Assets falls into.
* 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 0.43 mean?
Coca-Cola HBC AG (ATH:EEE) has a Scaled Net Operating Assets of 0.43 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 Coca-Cola HBC AG and its competitors.
Is Coca-Cola HBC AG's Scaled Net Operating Assets too high?
Coca-Cola HBC AG's current Scaled Net Operating Assets is 0.43. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Scaled Net Operating Assets compare to KO and PEP?
Coca-Cola HBC AG's Scaled Net Operating Assets of 0.43 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Non-Alcoholic 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 Coca-Cola HBC AG and its competitors. Coca-Cola HBC AG's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.50, compared to a current price of €53.50 — trading 39% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. Coca-Cola HBC AG's overall GF Score™ is 96/100 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 Coca-Cola HBC AG (ATH:EEE), the current Scaled Net Operating Assets is 0.43 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €53.50 is trading 39% above its estimated GF Value™ of €38.50.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Scaled Net Operating Assets: 0.43
GF Value™: €38.50 vs. price of €53.50 (39% above fair value)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
Get the complete analysis for ATH:EEE
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ATH:EEE has been successfully added to your 
