ERNXY (Euronext NV) Scaled Net Operating Assets: 0.02 (As of Mar. 2026)


ERNXY Euronext NV ERNXY
88 GF Score
Price $31.90
GF Value $29.97
Valuation Fairly Valued
! 5 Warning Signs
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What is Euronext NV Scaled Net Operating Assets?

Euronext NV ERNXY -0.25% 88 Scaled Net Operating Assets is 0.02 as of Mar. 2026. GuruFocus rates ERNXY with a GF Score™ of 88/100 and a GF Value™ of $29.97 (Fairly Valued). 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.

Euronext NV's operating assets for the quarter that ended in Mar. 2026 was $445,080 Mil. Euronext NV's operating liabilities for the quarter that ended in Mar. 2026 was $437,824 Mil. Euronext NV's Total Assets for the quarter that ended in Dec. 2025 was $383,642 Mil. Therefore, Euronext NV's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.02.


Euronext NV Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Euronext NV'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.

Euronext NV Scaled Net Operating Assets Chart

Euronext NV 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 1.91 -0.88 -0.90 -1.20 -1.15

Euronext NV 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 0.02 -0.96 0.02 -0.78 0.02

ERNXY vs SPGI, CME, ICE: Scaled Net Operating Assets Comparison

For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.


Euronext NV Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext NV's Scaled Net Operating Assets distribution charts can be found below:

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


ERNXY
88GF Score
Euronext NV ERNXY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Euronext NV 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.

Euronext NV'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 )
=(37564.091-374114.876)/292253.244
=-1.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=383641.948 - 346077.857
=37564.091

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=378097.539 - 3489.419 - 493.244
=374114.876

Euronext NV'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 )
=(445080.462-437823.583)/383641.948
=0.02

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=447479.075 - 2398.613
=445080.462

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=441769.017 - 3446.59 - 498.844
=437823.583

* 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 0.02 mean?
Euronext NV (ERNXY) has a Scaled Net Operating Assets of 0.02 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 Euronext NV and its competitors.
Is Euronext NV's Scaled Net Operating Assets too high?
Euronext NV's current Scaled Net Operating Assets is 0.02. Overall, Euronext NV has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Euronext NV's Scaled Net Operating Assets compare to SPGI and CME?
Euronext NV's Scaled Net Operating Assets of 0.02 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Euronext NV and its competitors. Euronext NV's current Scaled Net Operating Assets is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext NV stock overvalued right now?
Based on GuruFocus' analysis, Euronext NV (ERNXY) is currently considered Fairly Valued. The stock's GF Value™ is $29.97, compared to a current price of $31.90 — trading 6.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.02. Euronext NV's overall GF Score™ is 88/100 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 Euronext NV (ERNXY), the current Scaled Net Operating Assets is 0.02 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 Euronext NV (ERNXY) Overvalued in 2026?

Based on GuruFocus' analysis, Euronext NV stock appears to be overvalued. The current stock price of $31.90 is trading 6.4% above its estimated GF Value™ of $29.97. GuruFocus considers Euronext NV to be Fairly Valued.

Key valuation signals for ERNXY:

  • Scaled Net Operating Assets: 0.02
  • GF Value™: $29.97 vs. price of $31.90 (6.4% above fair value)
  • GF Score™: 88/100 with 5 warning signs

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


Euronext NV Business Description

Address Beursplein 5, Amsterdam, NLD, 1012 JW
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.
88GF 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.

$31.90
Price
$29.97
GF Value