Hydrogen De France (FRA:9QW) Scaled Net Operating Assets: 0.55 (As of Dec. 2025)

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FRA:9QW Hydrogen De France FRA:9QW
71 GF Score
Price €2.38
GF Value €2.37
Valuation Fairly Valued
! 7 Warning Signs
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What is Hydrogen De France Scaled Net Operating Assets?

Hydrogen De France FRA:9QW 71 Scaled Net Operating Assets is 0.55 as of Dec. 2025. GuruFocus rates FRA:9QW with a GF Score™ of 71/100 and a GF Value™ of €2.37 (Fairly Valued). 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.

Hydrogen De France's operating assets for the quarter that ended in Dec. 2025 was €56.82 Mil. Hydrogen De France's operating liabilities for the quarter that ended in Dec. 2025 was €6.49 Mil. Hydrogen De France's Total Assets for the quarter that ended in Jun. 2025 was €91.36 Mil. Therefore, Hydrogen De France's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.55.


Hydrogen De France Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hydrogen De France'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.

Hydrogen De France Scaled Net Operating Assets Chart

Hydrogen De France Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.69 0.18 0.33 0.44 0.50

Hydrogen De France Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23 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 0.17 0.33 0.44 0.53 0.55

Hydrogen De France Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Hydrogen De France'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.


Hydrogen De France Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Hydrogen De France's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:9QW
71GF Score
Hydrogen De France FRA:9QW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hydrogen De France 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.

Hydrogen De France'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 )
=(56.822-6.494)/100.689
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=90.319 - 33.497
=56.822

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.888 - 0.229 - 0.165
=6.494

Hydrogen De France'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 )
=(56.822-6.494)/91.36
=0.55

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=90.319 - 33.497
=56.822

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.888 - 0.229 - 0.165
=6.494

* 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 0.55 mean?
Hydrogen De France (FRA:9QW) has a Scaled Net Operating Assets of 0.55 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 Hydrogen De France and its competitors.
Is Hydrogen De France's Scaled Net Operating Assets too high?
Hydrogen De France's current Scaled Net Operating Assets is 0.55. Overall, Hydrogen De France has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hydrogen De France's Scaled Net Operating Assets compare to competitors?
Hydrogen De France's Scaled Net Operating Assets of 0.55 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Hydrogen De France and its competitors. Hydrogen De France's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydrogen De France stock overvalued right now?
Based on GuruFocus' analysis, Hydrogen De France (FRA:9QW) is currently considered Fairly Valued. The stock's GF Value™ is €2.37, compared to a current price of €2.38 — trading 0.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.55. Hydrogen De France's overall GF Score™ is 71/100 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 Hydrogen De France (FRA:9QW), the current Scaled Net Operating Assets is 0.55 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 Hydrogen De France (FRA:9QW) Overvalued in 2026?

Based on GuruFocus' analysis, Hydrogen De France stock appears to be overvalued. The current stock price of €2.38 is trading 0.4% above its estimated GF Value™ of €2.37. GuruFocus considers Hydrogen De France to be Fairly Valued.

Key valuation signals for FRA:9QW:

  • Scaled Net Operating Assets: 0.55
  • GF Value™: €2.37 vs. price of €2.38 (0.4% above fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Hydrogen De France Business Description

Other Exchanges HDF:France
Address 20 rue Jean Jaures, Lormont, FRA, 33310
Hydrogen De France is a global pioneer in hydrogen power. The company develops and operates high capacity large-scale Hydrogen-to-Power infrastructure to provide firm or on-demand electricity from renewable energy sources, combined with high power multimegawatt fuel cells.
71GF Score

Get the complete analysis for FRA:9QW

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

€2.38
Price
€2.37
GF Value