Dexco (BSP:DXCO3) Scaled Net Operating Assets: 0.51 (As of Mar. 2026)


BSP:DXCO3 Dexco SA BSP:DXCO3
82 GF Score
Price R$4.78
GF Value R$7.19
Valuation Possible Value Trap
! 5 Warning Signs
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What is Dexco Scaled Net Operating Assets?

Dexco BSP:DXCO3 -1.24% 82 Scaled Net Operating Assets is 0.51 as of Mar. 2026. GuruFocus rates BSP:DXCO3 with a GF Score™ of 82/100 and a GF Value™ of R$7.19 (Possible Value Trap). 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.

Dexco's operating assets for the quarter that ended in Mar. 2026 was R$16,544 Mil. Dexco's operating liabilities for the quarter that ended in Mar. 2026 was R$6,849 Mil. Dexco's Total Assets for the quarter that ended in Dec. 2025 was R$19,001 Mil. Therefore, Dexco's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.51.


Dexco Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Dexco'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.

Dexco Scaled Net Operating Assets Chart

Dexco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.77 0.73 0.71 0.73

Dexco Quarterly Data
Jun21 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 0.53 0.48 0.72 0.73 0.51

BSP:DXCO3 vs SSD, UFPI, BCC: Scaled Net Operating Assets Comparison

For the Lumber & Wood Production subindustry, Dexco'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.


Dexco Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dexco's Scaled Net Operating Assets distribution charts can be found below:

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


BSP:DXCO3
82GF Score
Dexco SA BSP:DXCO3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Dexco 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.

Dexco'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 )
=(16471.785-3310.435)/18144.11
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19000.785 - 2529
=16471.785

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11792.744 - 7910.057 - 572.252
=3310.435

Dexco'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 )
=(16544.129-6848.817)/19000.785
=0.51

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19675.362 - 3131.233
=16544.129

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12303.397 - 5115.65 - 338.93
=6848.817

* 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 0.51 mean?
Dexco (BSP:DXCO3) has a Scaled Net Operating Assets of 0.51 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 Dexco and its competitors.
Is Dexco's Scaled Net Operating Assets too high?
Dexco's current Scaled Net Operating Assets is 0.51. Overall, Dexco has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dexco's Scaled Net Operating Assets compare to SSD and UFPI?
Dexco's Scaled Net Operating Assets of 0.51 can be compared against companies in the Forest 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 a Forest Products company?
A good Scaled Net Operating Assets depends on the Forest 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 Dexco and its competitors. Dexco's current Scaled Net Operating Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexco stock overvalued right now?
Based on GuruFocus' analysis, Dexco (BSP:DXCO3) is currently considered Possible Value Trap. The stock's GF Value™ is R$7.19, compared to a current price of R$4.78 — trading 33.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.51. Dexco's overall GF Score™ is 82/100 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 Dexco (BSP:DXCO3), the current Scaled Net Operating Assets is 0.51 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 Dexco (BSP:DXCO3) Overvalued in 2026?

Based on GuruFocus' analysis, Dexco stock appears to be undervalued. The current stock price of R$4.78 is trading 33.5% below its estimated GF Value™ of R$7.19. GuruFocus considers Dexco to be Possible Value Trap.

Key valuation signals for BSP:DXCO3:

  • Scaled Net Operating Assets: 0.51
  • GF Value™: R$7.19 vs. price of R$4.78 (33.5% below fair value)
  • GF Score™: 82/100 with 5 warning signs

No single metric tells the full story. See the BSP:DXCO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dexco Business Description

Address Paulista Avenue, 1938, 5th floor, Sao Paulo, SP, BRA, 01310-942
Dexco SA is engaged in the production of wooden panels, vitreous chinaware, metal bathroom fittings and showers, and ceramic and cement floors. Its segments are: The Wood segment operates four industrial units in Brazil and three in Colombia producing MDP panels (medium density panels), MDF and HDF panels (medium and high fiber density panels), under the Duratex brand, the Durafloor brand for laminates and semi-finished components for furniture; The Deca segment operates in Brazil, producing vitreous chinaware, metal fittings, and showers, under the brands Deca, Hydra, Belize and Elizabeth; the Ceramic Tile segment operates four industrial plants in Brazil, producing ceramic tiles, under the Ceusa, Portinari, and Castelatto brands; and Soluble Cellulose Segment.
82GF Score

Get the complete analysis for BSP:DXCO3

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

R$4.78
Price
R$7.19
GF Value