Ledesma (BUE:LEDE) Scaled Net Operating Assets: 0.85 (As of Nov. 2025)


BUE:LEDE Ledesma SA BUE:LEDE
64 GF Score
Price ARS749.00
GF Value ARS975.84
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ledesma Scaled Net Operating Assets?

Ledesma BUE:LEDE +0.27% 64 Scaled Net Operating Assets is 0.85 as of Nov. 2025. GuruFocus rates BUE:LEDE with a GF Score™ of 64/100 and a GF Value™ of ARS975.84 (Modestly Undervalued). The stock has 6 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.

Ledesma's operating assets for the quarter that ended in Nov. 2025 was ARS1,004,704 Mil. Ledesma's operating liabilities for the quarter that ended in Nov. 2025 was ARS239,795 Mil. Ledesma's Total Assets for the quarter that ended in Aug. 2025 was ARS899,633 Mil. Therefore, Ledesma's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.85.


Ledesma Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ledesma'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.

Ledesma Scaled Net Operating Assets Chart

Ledesma Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.55 2.59 1.02 0.77

Ledesma Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 0.85 0.76 0.74 0.87 0.85

BUE:LEDE vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Ledesma'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.


Ledesma Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ledesma's Scaled Net Operating Assets distribution charts can be found below:

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


BUE:LEDE
64GF Score
Ledesma SA BUE:LEDE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ledesma 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.

Ledesma's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(744753.107-170284.589)/748876.415
=0.77

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=761018.91 - 16265.803
=744753.107

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=331448.461 - 59723.622 - 101440.25
=170284.589

Ledesma's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: Aug. 2025 )
=(1004704.173-239795.076)/899632.852
=0.85

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1024011.737 - 19307.564
=1004704.173

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=563790.762 - 132820.554 - 191175.132
=239795.076

* 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 0.85 mean?
Ledesma (BUE:LEDE) has a Scaled Net Operating Assets of 0.85 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ledesma and its competitors.
Is Ledesma's Scaled Net Operating Assets too high?
Ledesma's current Scaled Net Operating Assets is 0.85. Overall, Ledesma has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ledesma's Scaled Net Operating Assets compare to HON and MMM?
Ledesma's Scaled Net Operating Assets of 0.85 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Ledesma and its competitors. Ledesma's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ledesma stock overvalued right now?
Based on GuruFocus' analysis, Ledesma (BUE:LEDE) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS975.84, compared to a current price of ARS749.00 — trading 23.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.85. Ledesma's overall GF Score™ is 64/100 with 6 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 Ledesma (BUE:LEDE), the current Scaled Net Operating Assets is 0.85 as of Nov. 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 Ledesma (BUE:LEDE) Overvalued in 2026?

Based on GuruFocus' analysis, Ledesma stock appears to be undervalued. The current stock price of ARS749.00 is trading 23.2% below its estimated GF Value™ of ARS975.84. GuruFocus considers Ledesma to be Modestly Undervalued.

Key valuation signals for BUE:LEDE:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: ARS975.84 vs. price of ARS749.00 (23.2% below fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Ledesma Business Description

Address Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.
64GF Score

Get the complete analysis for BUE:LEDE

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

ARS749.00
Price
ARS975.84
GF Value