DHT (DHT Holdings) Scaled Net Operating Assets: 1.01 (As of Mar. 2026)


DHT DHT Holdings Inc DHT
55 GF Score
Price $19.39
GF Value $11.97
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is DHT Holdings Scaled Net Operating Assets?

DHT Holdings DHT -2.86% 55 Scaled Net Operating Assets is 1.01 as of Mar. 2026. GuruFocus rates DHT with a GF Score™ of 55/100 and a GF Value™ of $11.97 (Significantly Overvalued). 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.

DHT Holdings's operating assets for the quarter that ended in Mar. 2026 was $1,658.8 Mil. DHT Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $46.1 Mil. DHT Holdings's Total Assets for the quarter that ended in Dec. 2025 was $1,602.9 Mil. Therefore, DHT Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.01.


DHT Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for DHT Holdings'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.

DHT Holdings Scaled Net Operating Assets Chart

DHT Holdings 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 0.93 0.84 0.92 0.92 1.00

DHT Holdings 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 0.91 0.90 0.90 1.06 1.01

DHT vs TNK, NGL, SUNC: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, DHT Holdings'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.


DHT Holdings Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DHT Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


DHT
55GF Score
DHT Holdings Inc DHT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DHT Holdings 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.

DHT Holdings'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 )
=(1523.915-39.954)/1486.587
=1.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1602.949 - 79.034
=1523.915

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=469.692 - 389.244 - 40.494
=39.954

DHT Holdings'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 )
=(1658.843-46.054)/1602.949
=1.01

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1785.089 - 126.246
=1658.843

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=552.311 - 400.696 - 105.561
=46.054

* 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 1.01 mean?
DHT Holdings (DHT) has a Scaled Net Operating Assets of 1.01 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 DHT Holdings and its competitors.
Is DHT Holdings' Scaled Net Operating Assets too high?
DHT Holdings' current Scaled Net Operating Assets is 1.01. Overall, DHT Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DHT Holdings' Scaled Net Operating Assets compare to TNK and NGL?
DHT Holdings' Scaled Net Operating Assets of 1.01 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 DHT Holdings and its competitors. DHT Holdings's current Scaled Net Operating Assets is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHT Holdings stock overvalued right now?
Based on GuruFocus' analysis, DHT Holdings (DHT) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.97, compared to a current price of $19.39 — trading 62% above its estimated fair value. The current Scaled Net Operating Assets is 1.01. DHT Holdings' overall GF Score™ is 55/100 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 DHT Holdings (DHT), the current Scaled Net Operating Assets is 1.01 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 DHT Holdings (DHT) Overvalued in 2026?

Based on GuruFocus' analysis, DHT Holdings stock appears to be overvalued. The current stock price of $19.39 is trading 62% above its estimated GF Value™ of $11.97. GuruFocus considers DHT Holdings to be Significantly Overvalued.

Key valuation signals for DHT:

  • Scaled Net Operating Assets: 1.01
  • GF Value™: $11.97 vs. price of $19.39 (62% above fair value)
  • GF Score™: 55/100 with 4 warning signs

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


DHT Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges DHTN:MexicoD8EN:Germany
Address 2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. The company's primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Its fleet trades internationally and consists of VLCC crude oil tankers. The group generates revenues from time charter and spot market operations. It operates vessels through its subsidiary management companies in Monaco, Norway, Singapore, and India. The company generates the majority of its revenue from Voyage charter revenues.
55GF Score

Get the complete analysis for DHT

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

$19.39
Price
$11.97
GF Value