Rai Way SpA (CHIX:RWAYM) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)


CHIX:RWAYM Rai Way SpA CHIX:RWAYM
84 GF Score
Price €5.46
GF Value €5.75
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Rai Way SpA Scaled Net Operating Assets?

Rai Way SpA CHIX:RWAYM 84 Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus rates CHIX:RWAYM with a GF Score™ of 84/100 and a GF Value™ of €5.75 (Fairly Valued). 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.

Rai Way SpA's operating assets for the quarter that ended in Mar. 2026 was €460.3 Mil. Rai Way SpA's operating liabilities for the quarter that ended in Mar. 2026 was €239.3 Mil. Rai Way SpA's Total Assets for the quarter that ended in Dec. 2025 was €464.8 Mil. Therefore, Rai Way SpA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.

Rai Way SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Rai Way SpA'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.

Rai Way SpA Scaled Net Operating Assets Chart

Rai Way SpA 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 0.78 0.73 0.66 0.68 0.71

Rai Way SpA 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 0.50 0.37 0.43 0.72 0.48

CHIX:RWAYM vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Rai Way SpA'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.

Rai Way SpA Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Rai Way SpA's Scaled Net Operating Assets distribution charts can be found below:

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


CHIX:RWAYM
84GF Score
Rai Way SpA CHIX:RWAYM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rai Way SpA 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.

Rai Way SpA'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 )
=(455.63-127.071)/462.003
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=464.809 - 9.179
=455.63

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=272.8 - 17.378 - 128.351
=127.071

Rai Way SpA'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 )
=(460.277-239.309)/464.809
=0.48

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=480.959 - 20.682
=460.277

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=267.113 - 16.811 - 10.993
=239.309

* 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 0.48 mean?
Rai Way SpA (CHIX:RWAYM) has a Scaled Net Operating Assets of 0.48 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 Rai Way SpA and its competitors.
Is Rai Way SpA's Scaled Net Operating Assets too high?
Rai Way SpA's current Scaled Net Operating Assets is 0.48. Overall, Rai Way SpA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rai Way SpA's Scaled Net Operating Assets compare to PWR and FIX?
Rai Way SpA's Scaled Net Operating Assets of 0.48 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Rai Way SpA and its competitors. Rai Way SpA's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rai Way SpA stock overvalued right now?
Based on GuruFocus' analysis, Rai Way SpA (CHIX:RWAYM) is currently considered Fairly Valued. The stock's GF Value™ is €5.75, compared to a current price of €5.46 — trading 5.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.48. Rai Way SpA's overall GF Score™ is 84/100 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 Rai Way SpA (CHIX:RWAYM), the current Scaled Net Operating Assets is 0.48 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 Rai Way SpA (CHIX:RWAYM) Overvalued in 2026?

Based on GuruFocus' analysis, Rai Way SpA stock appears to be undervalued. The current stock price of €5.46 is trading 5.1% below its estimated GF Value™ of €5.75. GuruFocus considers Rai Way SpA to be Fairly Valued.

Key valuation signals for CHIX:RWAYM:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: €5.75 vs. price of €5.46 (5.1% below fair value)
  • GF Score™: 84/100 with 2 warning signs

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

Rai Way SpA Business Description

Address Via Teulada 66, Rome, ITA, 00195
Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.
84GF Score

Get the complete analysis for CHIX:RWAYM

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

€5.46
Price
€5.75
GF Value