Sequans Communications (FRA:6SQ0) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:6SQ0 Sequans Communications SA FRA:6SQ0
44 GF Score
Price €2.52
GF Value €4.01
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Sequans Communications Scaled Net Operating Assets?

Sequans Communications FRA:6SQ0 -2.33% 44 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates FRA:6SQ0 with a GF Score™ of 44/100 and a GF Value™ of €4.01 (Possible Value Trap). The stock has 7 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.

Sequans Communications's operating assets for the quarter that ended in Mar. 2026 was €127.56 Mil. Sequans Communications's operating liabilities for the quarter that ended in Mar. 2026 was €30.04 Mil. Sequans Communications's Total Assets for the quarter that ended in Dec. 2025 was €208.02 Mil. Therefore, Sequans Communications's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Sequans Communications Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sequans Communications'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.

Sequans Communications Scaled Net Operating Assets Chart

Sequans Communications 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 0.51 0.69 0.68 0.09 1.60

Sequans Communications Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.05 0.13 0.10 2.12 0.47

FRA:6SQ0 vs NA, PXLW, MOBX: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Sequans Communications'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.


Sequans Communications Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sequans Communications's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:6SQ0
44GF Score
Sequans Communications SA FRA:6SQ0
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sequans Communications 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.

Sequans Communications'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 )
=(196.586-34.33)/101.738
=1.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=208.018 - 11.432
=196.586

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.981 - 3.38 - 61.271
=34.33

Sequans Communications'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 )
=(127.557-30.04)/208.018
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=136.75 - 9.193
=127.557

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=73.794 - 2.702 - 41.052
=30.04

* 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 0.47 mean?
Sequans Communications (FRA:6SQ0) has a Scaled Net Operating Assets of 0.47 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 Sequans Communications and its competitors.
Is Sequans Communications' Scaled Net Operating Assets too high?
Sequans Communications' current Scaled Net Operating Assets is 0.47. Overall, Sequans Communications has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sequans Communications' Scaled Net Operating Assets compare to NA and PXLW?
Sequans Communications' Scaled Net Operating Assets of 0.47 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Sequans Communications and its competitors. Sequans Communications's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sequans Communications stock overvalued right now?
Based on GuruFocus' analysis, Sequans Communications (FRA:6SQ0) is currently considered Possible Value Trap. The stock's GF Value™ is €4.01, compared to a current price of €2.52 — trading 37.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.47. Sequans Communications' overall GF Score™ is 44/100 with 7 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 Sequans Communications (FRA:6SQ0), the current Scaled Net Operating Assets is 0.47 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 Sequans Communications (FRA:6SQ0) Overvalued in 2026?

Based on GuruFocus' analysis, Sequans Communications stock appears to be undervalued. The current stock price of €2.52 is trading 37.2% below its estimated GF Value™ of €4.01. GuruFocus considers Sequans Communications to be Possible Value Trap.

Key valuation signals for FRA:6SQ0:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: €4.01 vs. price of €2.52 (37.2% below fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the FRA:6SQ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sequans Communications Business Description

Other Exchanges SQNS:USA
Address 15-55 Boulevard Charles de Gaulle, Colombes, FRA, 92700
Sequans Communications SA is a fabless semiconductor company specializing in wireless 4G and 5G cellular technologies for the Internet of Things (IoT). Sequans' engineers design and develop, secure, and energy-efficient semiconductor solutions that enable the next generation of AI-connected applications, including smart energy metering, industrial automation, smart mobility and logistics, secure payments, e-health, and smart home solutions. The Company offers a comprehensive portfolio of wireless connectivity solutions, including radio frequency (RF) transceivers, integrated circuits (ICs) for baseband processing, as well as modules, software, & protocol stacks. The Company has one operating segment, which is the design & marketing of semiconductor components for cellular wireless systems.
44GF Score

Get the complete analysis for FRA:6SQ0

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

€2.52
Price
€4.01
GF Value