Cenit AG (CHIX:CSHD) Scaled Net Operating Assets: 0.41 (As of Mar. 2026)


CHIX:CSHD Cenit AG CHIX:CSHD
77 GF Score
Price €14.38
GF Value €15.63
! 7 Warning Signs
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What is Cenit AG Scaled Net Operating Assets?

Cenit AG CHIX:CSHD 77 Scaled Net Operating Assets is 0.41 as of Mar. 2026. GuruFocus rates CHIX:CSHD with a GF Score™ of 77/100 and a GF Value™ of €15.63. The stock has 7 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.

Cenit AG's operating assets for the quarter that ended in Mar. 2026 was €129.3 Mil. Cenit AG's operating liabilities for the quarter that ended in Mar. 2026 was €70.6 Mil. Cenit AG's Total Assets for the quarter that ended in Dec. 2025 was €142.2 Mil. Therefore, Cenit AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.41.


Cenit AG Scaled Net Operating Assets Historical Data

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The historical data trend for Cenit AG'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.

Cenit AG Scaled Net Operating Assets Chart

Cenit AG 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 0.33 0.62 0.55 0.53 0.44

Cenit AG 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 0.33 0.40 0.43 0.46 0.41

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

For the Software - Application subindustry, Cenit AG'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.


Cenit AG Scaled Net Operating Assets vs Software Industry

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

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


CHIX:CSHD
77GF Score
Cenit AG CHIX:CSHD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cenit AG 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.

Cenit AG'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 )
=(126.006-57.962)/156.452
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=142.229 - 16.223
=126.006

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=99.537 - 37.625 - 3.95
=57.962

Cenit AG'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 )
=(129.294-70.588)/142.229
=0.41

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=157.934 - 28.64
=129.294

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=112.457 - 38.034 - 3.835
=70.588

* 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 0.41 mean?
Cenit AG (CHIX:CSHD) has a Scaled Net Operating Assets of 0.41 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 Cenit AG and its competitors.
Is Cenit AG's Scaled Net Operating Assets too high?
Cenit AG's current Scaled Net Operating Assets is 0.41. Overall, Cenit AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Cenit AG's Scaled Net Operating Assets compare to CRM and SHOP?
Cenit AG's Scaled Net Operating Assets of 0.41 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 Cenit AG and its competitors. Cenit AG's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenit AG stock overvalued right now?
Cenit AG (CHIX:CSHD) has a current Scaled Net Operating Assets of 0.41. The stock's GF Value™ is €15.63, compared to a current price of €14.38 — trading 8% below its estimated fair value. The current Scaled Net Operating Assets is 0.41. Cenit AG's overall GF Score™ is 77/100 with 7 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 Cenit AG (CHIX:CSHD), the current Scaled Net Operating Assets is 0.41 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 Cenit AG (CHIX:CSHD) Overvalued in 2026?

Based on GuruFocus' analysis, Cenit AG stock appears to be undervalued. The current stock price of €14.38 is trading 8% below its estimated GF Value™ of €15.63.

Key valuation signals for CHIX:CSHD:

  • Scaled Net Operating Assets: 0.41
  • GF Value™: €15.63 vs. price of €14.38 (8% below fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Cenit AG Business Description

Other Exchanges 0MUF:UKCSH:Germany
Address Industriestrasse 52-54, Stuttgart, DEU, 70565
Cenit AG specializes in the sale and integration of software and IT services. The Group has two reportable segments: EIM (Enterprise Information Management) and PLM (Product Lifecycle Management). The majority of its revenue is generated from the PLM segment, which focuses on industrial customers and the corresponding technologies, providing products and services in product lifecycle management, such as CATIA from Dassault Systemes or SAP, and internally developed software such as cenitCONNECT and FASTSUITE. The EIM segment serves businesses, banks, insurers, and utilities by providing IBM-based and in-house software solutions and consulting for document management and business intelligence. Geographically, it derives key revenue from Germany, followed by France, North America, and others.
77GF Score

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

€14.38
Price
€15.63
GF Value