CNXC (Concentrix) Scaled Net Operating Assets: 0.66 (As of May. 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.

CNXC Concentrix Corp CNXC
60 GF Score
Price $24.62
GF Value $58.16
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Concentrix Scaled Net Operating Assets?

Concentrix CNXC -1.20% 60 Scaled Net Operating Assets is 0.66 as of May. 2026. GuruFocus rates CNXC with a GF Score™ of 60/100 and a GF Value™ of $58.16 (Possible Value Trap). The stock has 5 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.

Concentrix's operating assets for the quarter that ended in May. 2026 was $10,257 Mil. Concentrix's operating liabilities for the quarter that ended in May. 2026 was $3,227 Mil. Concentrix's Total Assets for the quarter that ended in Feb. 2026 was $10,675 Mil. Therefore, Concentrix's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 0.66.


Concentrix Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Concentrix'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.

Concentrix Scaled Net Operating Assets Chart

Concentrix Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.63 0.95 1.32 0.68 0.59

Concentrix Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.71 0.57 0.68 0.66

CNXC vs GLOB, BBAI, MGRT: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Concentrix'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.


Concentrix Scaled Net Operating Assets vs Software Industry

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

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


CNXC
60GF Score
Concentrix Corp CNXC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Concentrix 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.

Concentrix's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(10433.739-3378.227)/11991.438
=0.59

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10761.086 - 327.347
=10433.739

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8016.741 - 4572.889 - 65.625
=3378.227

Concentrix's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Feb. 2026 )
=(10257.281-3226.687)/10674.622
=0.66

where

Operating Assets(Q: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10512.847 - 255.566
=10257.281

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7811.561 - 3934.874 - 650
=3226.687

* 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 0.66 mean?
Concentrix (CNXC) has a Scaled Net Operating Assets of 0.66 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Concentrix and its competitors.
Is Concentrix's Scaled Net Operating Assets too high?
Concentrix's current Scaled Net Operating Assets is 0.66. Overall, Concentrix has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Concentrix's Scaled Net Operating Assets compare to GLOB and BBAI?
Concentrix's Scaled Net Operating Assets of 0.66 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 Concentrix and its competitors. Concentrix's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concentrix stock overvalued right now?
Based on GuruFocus' analysis, Concentrix (CNXC) is currently considered Possible Value Trap. The stock's GF Value™ is $58.16, compared to a current price of $24.62 — trading 57.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. Concentrix's overall GF Score™ is 60/100 with 5 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 Concentrix (CNXC), the current Scaled Net Operating Assets is 0.66 as of May. 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 Concentrix (CNXC) Overvalued in 2026?

Based on GuruFocus' analysis, Concentrix stock appears to be undervalued. The current stock price of $24.62 is trading 57.7% below its estimated GF Value™ of $58.16. GuruFocus considers Concentrix to be Possible Value Trap.

Key valuation signals for CNXC:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: $58.16 vs. price of $24.62 (57.7% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


Concentrix Business Description

Other Exchanges CO8:Germany
Address 39899 Balentine Drive, Suite 235, Newark, CA, USA, 94560
Concentrix Corp is a technology and services company. It designs, implements, and manages end-to-end solutions, including customer experience process optimization, technology development and design engineering, front- and back-office automation, analytics, and business transformation services. The company serves clients across multiple industry verticals, helping them manage customer engagement and operational processes throughout the customer lifecycle. The company operates in a single operating segment. It generates revenue through the provision of technology and services under contractual arrangements. Geographically, the company generates the maximum revenue from the Philippines and the rest from India, the United States, Great Britain, Germany, Canada and Other countries.
60GF Score

Get the complete analysis for CNXC

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

$24.62
Price
$58.16
GF Value