DFNS (T3 Defense) Scaled Net Operating Assets: 1.11 (As of Mar. 2026)


DFNS T3 Defense Inc DFNS
16 GF Score
Price $0.18
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What is T3 Defense Scaled Net Operating Assets?

T3 Defense DFNS +0.54% 16 Scaled Net Operating Assets is 1.11 as of Mar. 2026. GuruFocus rates DFNS with a GF Score™ of 16/100. 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.

T3 Defense's operating assets for the quarter that ended in Mar. 2026 was $304.50 Mil. T3 Defense's operating liabilities for the quarter that ended in Mar. 2026 was $79.79 Mil. T3 Defense's Total Assets for the quarter that ended in Dec. 2025 was $202.39 Mil. Therefore, T3 Defense's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.11.


T3 Defense Scaled Net Operating Assets Historical Data

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The historical data trend for T3 Defense'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.

T3 Defense Scaled Net Operating Assets Chart

T3 Defense Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 0.65 -0.32 -1.11 157.77

T3 Defense 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 -6.49 -6.12 -5.08 11.70 1.11

DFNS vs DUKR, PRZO, XERI: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, T3 Defense'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.


T3 Defense Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, T3 Defense's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where T3 Defense's Scaled Net Operating Assets falls into.


DFNS
16GF Score
T3 Defense Inc DFNS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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T3 Defense 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.

T3 Defense'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: Sep. 2024 )
=(198.239-42.835)/0.985
=157.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=202.386 - 4.147
=198.239

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45.186 - 0.993 - 1.358
=42.835

T3 Defense'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 )
=(304.503-79.791)/202.386
=1.11

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=315.486 - 10.983
=304.503

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.395 - 5.967 - 12.637
=79.791

* 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 1.11 mean?
T3 Defense (DFNS) has a Scaled Net Operating Assets of 1.11 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 T3 Defense and its competitors.
Is T3 Defense's Scaled Net Operating Assets too high?
T3 Defense's current Scaled Net Operating Assets is 1.11. Overall, T3 Defense has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does T3 Defense's Scaled Net Operating Assets compare to DUKR and PRZO?
T3 Defense's Scaled Net Operating Assets of 1.11 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 T3 Defense and its competitors. T3 Defense's current Scaled Net Operating Assets is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T3 Defense stock overvalued right now?
T3 Defense (DFNS) has a current Scaled Net Operating Assets of 1.11. The current Scaled Net Operating Assets is 1.11. T3 Defense's overall GF Score™ is 16/100 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 T3 Defense (DFNS), the current Scaled Net Operating Assets is 1.11 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.

T3 Defense Business Description

Other Exchanges DFNSW:USAN86:Germany
Address 575 Fifth Avenue, 14th Floor, New York, NY, USA, 10017
T3 Defense Inc is a holding company that acquires and operates mission-critical defense businesses involved in national security programs. The company operates as a strategic platform, building a portfolio of mission-critical suppliers and technology companies. Its portfolio includes businesses involved in defense and aerospace technologies, such as AI software, unmanned aerial systems, electro-mechanical manufacturing, and motion control systems, as well as activities in technology distribution, licensing, and defense infrastructure development through joint ventures.
16GF 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.

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