ECX (ECARX Holdings) Scaled Net Operating Assets: 0.24 (As of Mar. 2026)


ECX ECARX Holdings Inc ECX
69 GF Score
Price $1.17
GF Value $2.18
Valuation Possible Value Trap
! 6 Warning Signs
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What is ECARX Holdings Scaled Net Operating Assets?

ECARX Holdings ECX +0.43% 69 Scaled Net Operating Assets is 0.24 as of Mar. 2026. GuruFocus rates ECX with a GF Score™ of 69/100 and a GF Value™ of $2.18 (Possible Value Trap). The stock has 6 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.

ECARX Holdings's operating assets for the quarter that ended in Mar. 2026 was $611.6 Mil. ECARX Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $454.3 Mil. ECARX Holdings's Total Assets for the quarter that ended in Dec. 2025 was $662.4 Mil. Therefore, ECARX Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.


ECARX Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for ECARX 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.

ECARX Holdings Scaled Net Operating Assets Chart

ECARX Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.00 0.16 0.06 -0.01 0.10

ECARX Holdings Quarterly Data
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 0.04 -0.04 0.06 0.11 0.24

ECX vs SES, MNRO, MVST: Scaled Net Operating Assets Comparison

For the Auto Parts subindustry, ECARX 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.


ECARX Holdings Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ECARX Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


ECX
69GF Score
ECARX Holdings Inc ECX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ECARX 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.

ECARX 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 )
=(544.133-490.546)/514.343
=0.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=662.409 - 118.276
=544.133

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=945.884 - 81.566 - 373.772
=490.546

ECARX 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 )
=(611.6-454.3)/662.409
=0.24

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=720.9 - 109.3
=611.6

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=980.8 - 121.9 - 404.6
=454.3

* 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 0.24 mean?
ECARX Holdings (ECX) has a Scaled Net Operating Assets of 0.24 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 ECARX Holdings and its competitors.
Is ECARX Holdings' Scaled Net Operating Assets too high?
ECARX Holdings' current Scaled Net Operating Assets is 0.24. Overall, ECARX Holdings has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ECARX Holdings' Scaled Net Operating Assets compare to SES and MNRO?
ECARX Holdings' Scaled Net Operating Assets of 0.24 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 ECARX Holdings and its competitors. ECARX Holdings's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECARX Holdings stock overvalued right now?
Based on GuruFocus' analysis, ECARX Holdings (ECX) is currently considered Possible Value Trap. The stock's GF Value™ is $2.18, compared to a current price of $1.17 — trading 46.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.24. ECARX Holdings' overall GF Score™ is 69/100 with 6 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 ECARX Holdings (ECX), the current Scaled Net Operating Assets is 0.24 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 ECARX Holdings (ECX) Overvalued in 2026?

Based on GuruFocus' analysis, ECARX Holdings stock appears to be undervalued. The current stock price of $1.17 is trading 46.3% below its estimated GF Value™ of $2.18. GuruFocus considers ECARX Holdings to be Possible Value Trap.

Key valuation signals for ECX:

  • Scaled Net Operating Assets: 0.24
  • GF Value™: $2.18 vs. price of $1.17 (46.3% below fair value)
  • GF Score™: 69/100 with 6 warning signs

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


ECARX Holdings Business Description

Other Exchanges QH0:Germany
Address 1 St. Katharine\'s Way, London, GBR, E1W 1UN
ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, and software stacks as well as the provision of research and development services in the Peoples Republic of China. The companies core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system, and an integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking.
69GF 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.

$1.17
Price
$2.18
GF Value