Benefit Systems (FRA:3ZV) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


FRA:3ZV Benefit Systems SA FRA:3ZV
91 GF Score
Price €1,133.00
GF Value €906.61
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Benefit Systems Scaled Net Operating Assets?

Benefit Systems FRA:3ZV -0.09% 91 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates FRA:3ZV with a GF Score™ of 91/100 and a GF Value™ of €906.61 (Modestly Overvalued). 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.

Benefit Systems's operating assets for the quarter that ended in Mar. 2026 was €1,592 Mil. Benefit Systems's operating liabilities for the quarter that ended in Mar. 2026 was €341 Mil. Benefit Systems's Total Assets for the quarter that ended in Dec. 2025 was €1,624 Mil. Therefore, Benefit Systems's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Benefit Systems Scaled Net Operating Assets Historical Data

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The historical data trend for Benefit Systems'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.

Benefit Systems Scaled Net Operating Assets Chart

Benefit Systems 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 0.74 0.71 0.76 0.82 1.46

Benefit Systems 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 0.72 0.94 0.74 0.79 0.77

FRA:3ZV vs AS, HAS, LTH: Scaled Net Operating Assets Comparison

For the Leisure subindustry, Benefit Systems'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.


Benefit Systems Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Benefit Systems's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:3ZV
91GF Score
Benefit Systems SA FRA:3ZV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Benefit Systems 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.

Benefit Systems'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 )
=(1480.435-332.89)/787.423
=1.46

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1623.682 - 143.247
=1480.435

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1079.54 - 641.544 - 105.106
=332.89

Benefit Systems'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 )
=(1591.755-341.069)/1623.682
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1729.695 - 137.94
=1591.755

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1115.53 - 666.158 - 108.303
=341.069

* 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 0.77 mean?
Benefit Systems (FRA:3ZV) has a Scaled Net Operating Assets of 0.77 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 Benefit Systems and its competitors.
Is Benefit Systems' Scaled Net Operating Assets too high?
Benefit Systems' current Scaled Net Operating Assets is 0.77. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' Scaled Net Operating Assets compare to AS and HAS?
Benefit Systems' Scaled Net Operating Assets of 0.77 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Benefit Systems and its competitors. Benefit Systems's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (FRA:3ZV) is currently considered Modestly Overvalued. The stock's GF Value™ is €906.61, compared to a current price of €1,133.00 — trading 25% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. Benefit Systems' overall GF Score™ is 91/100 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 Benefit Systems (FRA:3ZV), the current Scaled Net Operating Assets is 0.77 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 Benefit Systems (FRA:3ZV) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued. The current stock price of €1,133.00 is trading 25% above its estimated GF Value™ of €906.61. GuruFocus considers Benefit Systems to be Modestly Overvalued.

Key valuation signals for FRA:3ZV:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €906.61 vs. price of €1,133.00 (25% above fair value)
  • GF Score™: 91/100 with 5 warning signs

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


Benefit Systems Business Description

Other Exchanges BFT:Poland0Q3J:UK
Address European Square 2, Warsaw, POL, 00-844
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score

Get the complete analysis for FRA:3ZV

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

€1,133.00
Price
€906.61
GF Value