Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Thule Group AB's operating assets for the quarter that ended in Mar. 2026 was kr14,656 Mil. Thule Group AB's operating liabilities for the quarter that ended in Mar. 2026 was kr2,620 Mil. Thule Group AB's Total Assets for the quarter that ended in Dec. 2025 was kr13,742 Mil. Therefore, Thule Group AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.
Thule Group AB Scaled Net Operating Assets Related Terms
Thule Group AB Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Thule Group AB'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.
CHIX:THULES vs AS, HAS, LTH: Scaled Net Operating Assets Comparison
For the Leisure subindustry, Thule Group AB'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.
Thule Group AB Scaled Net Operating Assets vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Thule Group AB's Scaled Net Operating Assets falls into.
* 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 0.88 mean?
Thule Group AB (CHIX:THULES) has a Scaled Net Operating Assets of 0.88 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 Thule Group AB and its competitors.
Is Thule Group AB's Scaled Net Operating Assets too high?
Thule Group AB's current Scaled Net Operating Assets is 0.88. Overall, Thule Group AB has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thule Group AB's Scaled Net Operating Assets compare to AS and HAS?
Thule Group AB's Scaled Net Operating Assets of 0.88 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Thule Group AB and its competitors. Thule Group AB's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thule Group AB stock overvalued right now?
Based on GuruFocus' analysis, Thule Group AB (CHIX:THULES) is currently considered Significantly Undervalued. The stock's GF Value™ is kr302.12, compared to a current price of kr206.60 — trading 31.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.88. Thule Group AB's overall GF Score™ is 72/100 with 3 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 Thule Group AB (CHIX:THULES), the current Scaled Net Operating Assets is 0.88 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 Thule Group AB (CHIX:THULES) Overvalued in 2026?
Based on GuruFocus' analysis, Thule Group AB stock appears to be undervalued.
The current stock price of kr206.60 is trading 31.6% below its estimated GF Value™ of kr302.12.
GuruFocus considers Thule Group AB to be Significantly Undervalued.
Key valuation signals for CHIX:THULES:
Scaled Net Operating Assets: 0.88
GF Value™: kr302.12 vs. price of kr206.60 (31.6% below fair value)
No single metric tells the full story. See the CHIX:THULES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport & Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
72GF Score
Get the complete analysis for CHIX:THULES
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:THULES has been successfully added to your 
