cBrain AS (CHIX:CBRAIC) Scaled Net Operating Assets: 0.72 (As of Dec. 2025)


CHIX:CBRAIC cBrain AS CHIX:CBRAIC
87 GF Score
Price kr67.70
GF Value kr297.39
! 2 Warning Signs
View Full Analysis

What is cBrain AS Scaled Net Operating Assets?

cBrain AS CHIX:CBRAIC 87 Scaled Net Operating Assets is 0.72 as of Dec. 2025. GuruFocus rates CHIX:CBRAIC with a GF Score™ of 87/100 and a GF Value™ of kr297.39. The stock has 2 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.

cBrain AS's operating assets for the quarter that ended in Dec. 2025 was kr346.9 Mil. cBrain AS's operating liabilities for the quarter that ended in Dec. 2025 was kr43.0 Mil. cBrain AS's Total Assets for the quarter that ended in Jun. 2025 was kr421.0 Mil. Therefore, cBrain AS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.72.


cBrain AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for cBrain AS'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.

cBrain AS Scaled Net Operating Assets Chart

cBrain AS 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 0.69 1.23 0.84 0.93 0.78

cBrain AS 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 0.74 0.89 0.86 0.82 0.72

CHIX:CBRAIC vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, cBrain AS'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.


cBrain AS Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, cBrain AS's Scaled Net Operating Assets distribution charts can be found below:

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


CHIX:CBRAIC
87GF Score
cBrain AS CHIX:CBRAIC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

cBrain AS 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.

cBrain AS'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 )
=(346.935-42.95)/392.376
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=388.88 - 41.945
=346.935

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70.584 - 25.648 - 1.986
=42.95

cBrain AS'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 )
=(346.935-42.95)/420.952
=0.72

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=388.88 - 41.945
=346.935

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70.584 - 25.648 - 1.986
=42.95

* 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 0.72 mean?
cBrain AS (CHIX:CBRAIC) has a Scaled Net Operating Assets of 0.72 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 cBrain AS and its competitors.
Is cBrain AS's Scaled Net Operating Assets too high?
cBrain AS's current Scaled Net Operating Assets is 0.72. Overall, cBrain AS has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does cBrain AS's Scaled Net Operating Assets compare to UBER and SHOP?
cBrain AS's Scaled Net Operating Assets of 0.72 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 cBrain AS and its competitors. cBrain AS's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is cBrain AS stock overvalued right now?
cBrain AS (CHIX:CBRAIC) has a current Scaled Net Operating Assets of 0.72. The stock's GF Value™ is kr297.39, compared to a current price of kr67.70 — trading 77.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. cBrain AS's overall GF Score™ is 87/100 with 2 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 cBrain AS (CHIX:CBRAIC), the current Scaled Net Operating Assets is 0.72 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 cBrain AS (CHIX:CBRAIC) Overvalued in 2026?

Based on GuruFocus' analysis, cBrain AS stock appears to be undervalued. The current stock price of kr67.70 is trading 77.2% below its estimated GF Value™ of kr297.39.

Key valuation signals for CHIX:CBRAIC:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: kr297.39 vs. price of kr67.70 (77.2% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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


cBrain AS Business Description

Other Exchanges 0DWV:UKCBRAIN:Denmark
Address Kalkbraenderilobskaj 2, Copenhagen, DNK, 2100
cBrain AS is a software engineering company headquartered in Denmark. The company is created from the collective ambition of IT industry pioneers and technology innovators to help governments transform and thereby contribute to creating efficient, accountable and transparent public institutions. The company has developed a Commercial Of-The-Shelf (COTS) software platform named F2, built for government organizations focused on fast-tracking digital transformation at scale.
87GF Score

Get the complete analysis for CHIX:CBRAIC

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

kr67.70
Price
kr297.39
GF Value