Havanna Holding (BUE:HAVA) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


BUE:HAVA Havanna Holding SA BUE:HAVA
77 GF Score
Price ARS5,270.00
GF Value ARS6,859.04
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Havanna Holding Scaled Net Operating Assets?

Havanna Holding BUE:HAVA -0.19% 77 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates BUE:HAVA with a GF Score™ of 77/100 and a GF Value™ of ARS6,859.04 (Modestly Undervalued). The stock has 3 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.

Havanna Holding's operating assets for the quarter that ended in Mar. 2026 was ARS140,604 Mil. Havanna Holding's operating liabilities for the quarter that ended in Mar. 2026 was ARS36,836 Mil. Havanna Holding's Total Assets for the quarter that ended in Dec. 2025 was ARS137,575 Mil. Therefore, Havanna Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Havanna Holding Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Havanna Holding'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.

Havanna Holding Scaled Net Operating Assets Chart

Havanna Holding 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 1.42 2.02 1.68 1.03 0.76

Havanna Holding 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 0.72 0.82 0.75 0.75

BUE:HAVA vs MCD, SBUX, YUM: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Havanna Holding'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.


Havanna Holding Scaled Net Operating Assets vs Restaurants Industry

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

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


BUE:HAVA
77GF Score
Havanna Holding SA BUE:HAVA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Havanna Holding 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.

Havanna Holding'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 )
=(133255.609-32501.806)/133474.178
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=137575.237 - 4319.628
=133255.609

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=74006.352 - 35168.979 - 6335.567
=32501.806

Havanna Holding'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 )
=(140603.635-36836.157)/137575.237
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=154790.598 - 14186.963
=140603.635

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=77566.983 - 35282.432 - 5448.394
=36836.157

* 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 0.75 mean?
Havanna Holding (BUE:HAVA) has a Scaled Net Operating Assets of 0.75 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 Havanna Holding and its competitors.
Is Havanna Holding's Scaled Net Operating Assets too high?
Havanna Holding's current Scaled Net Operating Assets is 0.75. Overall, Havanna Holding has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havanna Holding's Scaled Net Operating Assets compare to MCD and SBUX?
Havanna Holding's Scaled Net Operating Assets of 0.75 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 Havanna Holding and its competitors. Havanna Holding's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havanna Holding stock overvalued right now?
Based on GuruFocus' analysis, Havanna Holding (BUE:HAVA) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS6,859.04, compared to a current price of ARS5,270.00 — trading 23.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. Havanna Holding's overall GF Score™ is 77/100 with 3 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 Havanna Holding (BUE:HAVA), the current Scaled Net Operating Assets is 0.75 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 Havanna Holding (BUE:HAVA) Overvalued in 2026?

Based on GuruFocus' analysis, Havanna Holding stock appears to be undervalued. The current stock price of ARS5,270.00 is trading 23.2% below its estimated GF Value™ of ARS6,859.04. GuruFocus considers Havanna Holding to be Modestly Undervalued.

Key valuation signals for BUE:HAVA:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: ARS6,859.04 vs. price of ARS5,270.00 (23.2% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Havanna Holding Business Description

Address Costa Rica, Buenos Aires, ARG, 4161
Havanna Holding SA is an investment company. Through its subsidiaries, it operates coffee stores franchises in Argentina, Chile. Brazil, Venezuela, Bolivia, Paraguay, Uruguay, Peru, Mexico and Spain. Its products are cookies, chocolates, lattes, frappes.
77GF Score

Get the complete analysis for BUE:HAVA

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

ARS5,270.00
Price
ARS6,859.04
GF Value