Erbud (FRA:9DP) Scaled Net Operating Assets: 0.41 (As of Mar. 2026)


FRA:9DP Erbud SA FRA:9DP
64 GF Score
Price €5.63
GF Value €7.47
! 8 Warning Signs
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What is Erbud Scaled Net Operating Assets?

Erbud FRA:9DP -0.35% 64 Scaled Net Operating Assets is 0.41 as of Mar. 2026. GuruFocus rates FRA:9DP with a GF Score™ of 64/100 and a GF Value™ of €7.47. The stock has 8 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.

Erbud's operating assets for the quarter that ended in Mar. 2026 was €407.5 Mil. Erbud's operating liabilities for the quarter that ended in Mar. 2026 was €218.5 Mil. Erbud's Total Assets for the quarter that ended in Dec. 2025 was €460.9 Mil. Therefore, Erbud's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.41.

Erbud Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Erbud'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.

Erbud Scaled Net Operating Assets Chart

Erbud 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 0.42 0.44 0.32 0.31 0.34

Erbud 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 0.37 0.40 0.37 0.31 0.41

FRA:9DP vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Erbud'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.

Erbud Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Erbud's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:9DP
64GF Score
Erbud SA FRA:9DP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Erbud 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.

Erbud'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 )
=(395.641-238.12)/470.362
=0.33

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=460.935 - 65.294
=395.641

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=328.1 - 57.923 - 32.057
=238.12

Erbud'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 )
=(407.541-218.453)/460.935
=0.41

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=446.474 - 38.933
=407.541

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=318.363 - 59.673 - 40.237
=218.453

* 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 0.41 mean?
Erbud (FRA:9DP) has a Scaled Net Operating Assets of 0.41 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 Erbud and its competitors.
Is Erbud's Scaled Net Operating Assets too high?
Erbud's current Scaled Net Operating Assets is 0.41. Overall, Erbud has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Erbud's Scaled Net Operating Assets compare to PWR and FIX?
Erbud's Scaled Net Operating Assets of 0.41 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Erbud and its competitors. Erbud's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erbud stock overvalued right now?
Erbud (FRA:9DP) has a current Scaled Net Operating Assets of 0.41. The stock's GF Value™ is €7.47, compared to a current price of €5.63 — trading 24.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.41. Erbud's overall GF Score™ is 64/100 with 8 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 Erbud (FRA:9DP), the current Scaled Net Operating Assets is 0.41 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 Erbud (FRA:9DP) Overvalued in 2026?

Based on GuruFocus' analysis, Erbud stock appears to be undervalued. The current stock price of €5.63 is trading 24.6% below its estimated GF Value™ of €7.47.

Key valuation signals for FRA:9DP:

  • Scaled Net Operating Assets: 0.41
  • GF Value™: €7.47 vs. price of €5.63 (24.6% below fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the FRA:9DP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Erbud Business Description

Other Exchanges ERB:Poland
Address Ul. Franciszka Klimczaka 1, Warszawa, POL, 02-797
Erbud SA is a Poland-based construction company. It undertakes projects for the construction of offices, shopping centers, power industries, industrial buildings and structures, residential buildings, public utilities, hotels, and hospitals. The organization is active in the business divisions of Construction activities, which relate to building construction; Development activities; Road engineering activities; and Construction activities related to engineering and maintenance services for the industry and power sector. The group operates in Poland and internationally. It derives maximum revenue from building construction activities.
64GF Score

Get the complete analysis for FRA:9DP

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

€5.63
Price
€7.47
GF Value