LafargeHolcim Maroc (CAS:LHM) Scaled Net Operating Assets: 0.78 (As of Dec. 2025)

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CAS:LHM LafargeHolcim Maroc SA CAS:LHM
79 GF Score
Price MAD1,760.00
GF Value MAD2,210.52
Valuation Modestly Undervalued
! 1 Warning Sign
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What is LafargeHolcim Maroc Scaled Net Operating Assets?

LafargeHolcim Maroc CAS:LHM -0.06% 79 Scaled Net Operating Assets is 0.78 as of Dec. 2025. GuruFocus rates CAS:LHM with a GF Score™ of 79/100 and a GF Value™ of MAD2,210.52 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LafargeHolcim Maroc's operating assets for the quarter that ended in Dec. 2025 was MAD19,876 Mil. LafargeHolcim Maroc's operating liabilities for the quarter that ended in Dec. 2025 was MAD4,150 Mil. LafargeHolcim Maroc's Total Assets for the quarter that ended in Jun. 2025 was MAD20,085 Mil. Therefore, LafargeHolcim Maroc's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.78.


LafargeHolcim Maroc Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LafargeHolcim Maroc'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.

LafargeHolcim Maroc Scaled Net Operating Assets Chart

LafargeHolcim Maroc 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 0.81 0.80 0.80 0.80 0.79

LafargeHolcim Maroc Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.83 0.80 0.81 0.78

CAS:LHM vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, LafargeHolcim Maroc'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.


LafargeHolcim Maroc Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, LafargeHolcim Maroc's Scaled Net Operating Assets distribution charts can be found below:

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


CAS:LHM
79GF Score
LafargeHolcim Maroc SA CAS:LHM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LafargeHolcim Maroc 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.

LafargeHolcim Maroc'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 )
=(19876.446-4150.344)/20038.628
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19994.546 - 118.1
=19876.446

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7838.247 - 3510.859 - 177.044
=4150.344

LafargeHolcim Maroc'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 )
=(19876.446-4150.344)/20084.988
=0.78

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19994.546 - 118.1
=19876.446

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7838.247 - 3510.859 - 177.044
=4150.344

* 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 0.78 mean?
LafargeHolcim Maroc (CAS:LHM) has a Scaled Net Operating Assets of 0.78 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 LafargeHolcim Maroc and its competitors.
Is LafargeHolcim Maroc's Scaled Net Operating Assets too high?
LafargeHolcim Maroc's current Scaled Net Operating Assets is 0.78. Overall, LafargeHolcim Maroc has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LafargeHolcim Maroc's Scaled Net Operating Assets compare to CRH and VMC?
LafargeHolcim Maroc's Scaled Net Operating Assets of 0.78 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 LafargeHolcim Maroc and its competitors. LafargeHolcim Maroc's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LafargeHolcim Maroc stock overvalued right now?
Based on GuruFocus' analysis, LafargeHolcim Maroc (CAS:LHM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD2,210.52, compared to a current price of MAD1,760.00 — trading 20.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. LafargeHolcim Maroc's overall GF Score™ is 79/100 with 1 warning sign 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 LafargeHolcim Maroc (CAS:LHM), the current Scaled Net Operating Assets is 0.78 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 LafargeHolcim Maroc (CAS:LHM) Overvalued in 2026?

Based on GuruFocus' analysis, LafargeHolcim Maroc stock appears to be undervalued. The current stock price of MAD1,760.00 is trading 20.4% below its estimated GF Value™ of MAD2,210.52. GuruFocus considers LafargeHolcim Maroc to be Modestly Undervalued.

Key valuation signals for CAS:LHM:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: MAD2,210.52 vs. price of MAD1,760.00 (20.4% below fair value)
  • GF Score™: 79/100 with 1 warning sign

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


LafargeHolcim Maroc Business Description

Address 6, Route de Mekka, Quartier les Cretes, Casablanca, MAR, 20150
LafargeHolcim Maroc SA is a Morocco-based company. It is engaged in the manufacturing and sale of cement and hydraulic binders to the construction industry. Its product portfolio consists of cement, concretes, aggregates, plasters, and lime.
79GF Score

Get the complete analysis for CAS:LHM

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

MAD1,760.00
Price
MAD2,210.52
GF Value