Glaston Oyj (CHIX:GLA1VH) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:GLA1VH Glaston Oyj CHIX:GLA1VH
68 GF Score
Price €1.78
GF Value €2.07
! 4 Warning Signs
View Full Analysis

What is Glaston Oyj Scaled Net Operating Assets?

Glaston Oyj CHIX:GLA1VH 68 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates CHIX:GLA1VH with a GF Score™ of 68/100 and a GF Value™ of €2.07. The stock has 4 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.

Glaston Oyj's operating assets for the quarter that ended in Mar. 2026 was €156.1 Mil. Glaston Oyj's operating liabilities for the quarter that ended in Mar. 2026 was €63.3 Mil. Glaston Oyj's Total Assets for the quarter that ended in Dec. 2025 was €172.4 Mil. Therefore, Glaston Oyj's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.


Glaston Oyj Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Glaston Oyj'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.

Glaston Oyj Scaled Net Operating Assets Chart

Glaston Oyj 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 0.42 0.41 0.41 0.44 0.49

Glaston Oyj 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 0.48 0.45 0.52 0.53 0.54

CHIX:GLA1VH vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Glaston Oyj'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.


Glaston Oyj Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glaston Oyj's Scaled Net Operating Assets distribution charts can be found below:

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


CHIX:GLA1VH
68GF Score
Glaston Oyj CHIX:GLA1VH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glaston Oyj 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.

Glaston Oyj'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 )
=(163.503-71.709)/186.527
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=172.359 - 8.856
=163.503

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=108.52 - 31.841 - 4.97
=71.709

Glaston Oyj'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 )
=(156.1-63.3)/172.359
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=165.1 - 9
=156.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=99.8 - 31.6 - 4.9
=63.3

* 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 0.54 mean?
Glaston Oyj (CHIX:GLA1VH) has a Scaled Net Operating Assets of 0.54 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 Glaston Oyj and its competitors.
Is Glaston Oyj's Scaled Net Operating Assets too high?
Glaston Oyj's current Scaled Net Operating Assets is 0.54. Overall, Glaston Oyj has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Glaston Oyj's Scaled Net Operating Assets compare to GEV and ETN?
Glaston Oyj's Scaled Net Operating Assets of 0.54 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Glaston Oyj and its competitors. Glaston Oyj's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glaston Oyj stock overvalued right now?
Glaston Oyj (CHIX:GLA1VH) has a current Scaled Net Operating Assets of 0.54. The stock's GF Value™ is €2.07, compared to a current price of €1.78 — trading 14% below its estimated fair value. The current Scaled Net Operating Assets is 0.54. Glaston Oyj's overall GF Score™ is 68/100 with 4 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 Glaston Oyj (CHIX:GLA1VH), the current Scaled Net Operating Assets is 0.54 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 Glaston Oyj (CHIX:GLA1VH) Overvalued in 2026?

Based on GuruFocus' analysis, Glaston Oyj stock appears to be undervalued. The current stock price of €1.78 is trading 14% below its estimated GF Value™ of €2.07.

Key valuation signals for CHIX:GLA1VH:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: €2.07 vs. price of €1.78 (14% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the CHIX:GLA1VH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Glaston Oyj Business Description

Other Exchanges GLA1V:FinlandKRY:Germany
Address Lonnrotinkatu 11, Helsinki, FIN, 00120
Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a range of heat treatment machines, maintenance, upgrade, and modernization services, and spare parts for glass flat tempering, bending, bending tempering, and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive and Solar.
68GF Score

Get the complete analysis for CHIX:GLA1VH

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

€1.78
Price
€2.07
GF Value