Bosideng International Holdings (FRA:3BD) Scaled Net Operating Assets: 0.33 (As of Sep. 2025)


FRA:3BD Bosideng International Holdings Ltd FRA:3BD
67 GF Score
Price €0.46
GF Value €0.55
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Bosideng International Holdings Scaled Net Operating Assets?

Bosideng International Holdings FRA:3BD -7.66% 67 Scaled Net Operating Assets is 0.33 as of Sep. 2025. GuruFocus rates FRA:3BD with a GF Score™ of 67/100 and a GF Value™ of €0.55 (Modestly Undervalued). The stock has 2 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.

Bosideng International Holdings's operating assets for the quarter that ended in Sep. 2025 was €2,380 Mil. Bosideng International Holdings's operating liabilities for the quarter that ended in Sep. 2025 was €1,225 Mil. Bosideng International Holdings's Total Assets for the quarter that ended in Mar. 2025 was €3,497 Mil. Therefore, Bosideng International Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.33.


Bosideng International Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bosideng International 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.

Bosideng International Holdings Scaled Net Operating Assets Chart

Bosideng International Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.30 0.21 0.28 0.20

Bosideng International Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.20 0.36 0.27 0.33 0.20

FRA:3BD vs RL, LEVI, VFC: Scaled Net Operating Assets Comparison

For the Apparel Manufacturing subindustry, Bosideng International 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.


Bosideng International Holdings Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bosideng International Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:3BD
67GF Score
Bosideng International Holdings Ltd FRA:3BD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bosideng International 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.

Bosideng International Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(2014.939-1086.452)/3292.301
=0.28

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3496.617 - 1481.678
=2014.939

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1323.589 - 65.321 - 171.816
=1086.452

Bosideng International Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(2379.68-1225.158)/3496.617
=0.33

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3388.409 - 1008.729
=2379.68

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1456.709 - 64.536 - 167.015
=1225.158

* 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 0.33 mean?
Bosideng International Holdings (FRA:3BD) has a Scaled Net Operating Assets of 0.33 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bosideng International Holdings and its competitors.
Is Bosideng International Holdings' Scaled Net Operating Assets too high?
Bosideng International Holdings' current Scaled Net Operating Assets is 0.33. Overall, Bosideng International Holdings has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bosideng International Holdings' Scaled Net Operating Assets compare to RL and LEVI?
Bosideng International Holdings' Scaled Net Operating Assets of 0.33 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Bosideng International Holdings and its competitors. Bosideng International Holdings's current Scaled Net Operating Assets is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bosideng International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bosideng International Holdings (FRA:3BD) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.55, compared to a current price of €0.46 — trading 16.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.33. Bosideng International Holdings' overall GF Score™ is 67/100 with 2 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 Bosideng International Holdings (FRA:3BD), the current Scaled Net Operating Assets is 0.33 as of Sep. 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 Bosideng International Holdings (FRA:3BD) Overvalued in 2026?

Based on GuruFocus' analysis, Bosideng International Holdings stock appears to be undervalued. The current stock price of €0.46 is trading 16.7% below its estimated GF Value™ of €0.55. GuruFocus considers Bosideng International Holdings to be Modestly Undervalued.

Key valuation signals for FRA:3BD:

  • Scaled Net Operating Assets: 0.33
  • GF Value™: €0.55 vs. price of €0.46 (16.7% below fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the FRA:3BD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bosideng International Holdings Business Description

Address 99 Queen’s Road Central, Unit 5709, 57th Floor, The Center, Central, Hong Kong, HKG
Bosideng is the largest down apparel firm in China. The company operates several brands with different market positionings. Among them, its namesake Bosideng brand targets the mid to high-end segment, Snow Flying serves the mass market, and Bogner caters to the luxury segment. The firm also owns over 30% stake in Moose Knuckle, a Canadian luxury brand. As of March 2025, Bosideng has 3,470 retail locations across China, including 1,524 self-operated stores. In addition to its core business, Bosideng distributes ladieswear and provides OEM services to other brands, leveraging its supply chain strength.
67GF Score

Get the complete analysis for FRA:3BD

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

€0.46
Price
€0.55
GF Value