Plazza AG (FRA:2PZ) Scaled Net Operating Assets: 0.91 (As of Dec. 2025)


FRA:2PZ Plazza AG FRA:2PZ
81 GF Score
Price €466.00
GF Value €399.03
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Plazza AG Scaled Net Operating Assets?

Plazza AG FRA:2PZ -0.43% 81 Scaled Net Operating Assets is 0.91 as of Dec. 2025. GuruFocus rates FRA:2PZ with a GF Score™ of 81/100 and a GF Value™ of €399.03 (Modestly Overvalued). 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.

Plazza AG's operating assets for the quarter that ended in Dec. 2025 was €1,377.68 Mil. Plazza AG's operating liabilities for the quarter that ended in Dec. 2025 was €183.62 Mil. Plazza AG's Total Assets for the quarter that ended in Jun. 2025 was €1,318.06 Mil. Therefore, Plazza AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.91.


Plazza AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Plazza AG'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.

Plazza AG Scaled Net Operating Assets Chart

Plazza AG 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 1.02 0.95 0.95 0.95 0.97

Plazza AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.92 0.88 0.93 0.92 0.91

Plazza AG Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Diversified subindustry, Plazza AG'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.


Plazza AG Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Plazza AG's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:2PZ
81GF Score
Plazza AG FRA:2PZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Plazza AG 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.

Plazza AG'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 )
=(1377.682-183.624)/1230.747
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1379.082 - 1.4
=1377.682

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=534.62 - 267.621 - 83.375
=183.624

Plazza AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1377.682-183.624)/1318.061
=0.91

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1379.082 - 1.4
=1377.682

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=534.62 - 267.621 - 83.375
=183.624

* 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 0.91 mean?
Plazza AG (FRA:2PZ) has a Scaled Net Operating Assets of 0.91 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Plazza AG and its competitors.
Is Plazza AG's Scaled Net Operating Assets too high?
Plazza AG's current Scaled Net Operating Assets is 0.91. Overall, Plazza AG has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plazza AG's Scaled Net Operating Assets compare to competitors?
Plazza AG's Scaled Net Operating Assets of 0.91 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Plazza AG and its competitors. Plazza AG's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plazza AG stock overvalued right now?
Based on GuruFocus' analysis, Plazza AG (FRA:2PZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €399.03, compared to a current price of €466.00 — trading 16.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.91. Plazza AG's overall GF Score™ is 81/100 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 Plazza AG (FRA:2PZ), the current Scaled Net Operating Assets is 0.91 as of Dec. 2025. 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 Plazza AG (FRA:2PZ) Overvalued in 2026?

Based on GuruFocus' analysis, Plazza AG stock appears to be overvalued. The current stock price of €466.00 is trading 16.8% above its estimated GF Value™ of €399.03. GuruFocus considers Plazza AG to be Modestly Overvalued.

Key valuation signals for FRA:2PZ:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: €399.03 vs. price of €466.00 (16.8% above fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the FRA:2PZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Plazza AG Business Description

Address Sieberstrasse 5, Zurich, CHE, 8055
Plazza AG is engaged in planning, building, managing and sell of real estate projects in Switzerland. The Company's portfolio include residential, commercial and office properties. Real estate investment business is engaged in buying and selling of all properties. It has projects in the economic centers of Zurich and Lausanne.
81GF Score

Get the complete analysis for FRA:2PZ

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

€466.00
Price
€399.03
GF Value