Metalpha Technology Holding (FRA:D92) Scaled Net Operating Assets: 0.00 (As of Sep. 2025)


FRA:D92 Metalpha Technology Holding Ltd FRA:D92
42 GF Score
Price €0.78
GF Value €1.81
! 5 Warning Signs
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What is Metalpha Technology Holding Scaled Net Operating Assets?

Metalpha Technology Holding FRA:D92 -1.89% 42 Scaled Net Operating Assets is 0.00 as of Sep. 2025. GuruFocus rates FRA:D92 with a GF Score™ of 42/100 and a GF Value™ of €1.81. 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.

Metalpha Technology Holding's operating assets for the quarter that ended in Sep. 2025 was €323.24 Mil. Metalpha Technology Holding's operating liabilities for the quarter that ended in Sep. 2025 was €322.56 Mil. Metalpha Technology Holding's Total Assets for the quarter that ended in Mar. 2025 was €228.26 Mil. Therefore, Metalpha Technology Holding's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.00.


Metalpha Technology Holding Scaled Net Operating Assets Historical Data

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The historical data trend for Metalpha Technology Holding'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.

Metalpha Technology Holding Scaled Net Operating Assets Chart

Metalpha Technology Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 0.64 -0.03 -0.46 0.09

Metalpha Technology Holding Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -0.32 -0.30 -0.01 0.07 0.00

FRA:D92 vs HGBL, GSIW, PLUT: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Metalpha Technology Holding'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.


Metalpha Technology Holding Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:D92
42GF Score
Metalpha Technology Holding Ltd FRA:D92
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Metalpha Technology Holding 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.

Metalpha Technology Holding'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 )
=(209.117-194.25)/160.741
=0.09

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=228.264 - 19.147
=209.117

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=194.447 - 0.021 - 0.176
=194.25

Metalpha Technology Holding'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 )
=(323.236-322.558)/228.264
=0.00

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=352.533 - 29.297
=323.236

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=322.659 - 0 - 0.101
=322.558

* 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 0.00 mean?
Metalpha Technology Holding (FRA:D92) has a Scaled Net Operating Assets of 0.00 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 Metalpha Technology Holding and its competitors.
Is Metalpha Technology Holding's Scaled Net Operating Assets too high?
Metalpha Technology Holding's current Scaled Net Operating Assets is 0.00. Overall, Metalpha Technology Holding has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Scaled Net Operating Assets compare to HGBL and GSIW?
Metalpha Technology Holding's Scaled Net Operating Assets of 0.00 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Metalpha Technology Holding and its competitors. Metalpha Technology Holding's current Scaled Net Operating Assets is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Metalpha Technology Holding (FRA:D92) has a current Scaled Net Operating Assets of 0.00. The stock's GF Value™ is €1.81, compared to a current price of €0.78 — trading 56.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.00. Metalpha Technology Holding's overall GF Score™ is 42/100 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 Metalpha Technology Holding (FRA:D92), the current Scaled Net Operating Assets is 0.00 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 Metalpha Technology Holding (FRA:D92) Overvalued in 2026?

Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued. The current stock price of €0.78 is trading 56.9% below its estimated GF Value™ of €1.81.

Key valuation signals for FRA:D92:

  • Scaled Net Operating Assets: 0.00
  • GF Value™: €1.81 vs. price of €0.78 (56.9% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the FRA:D92 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metalpha Technology Holding Business Description

Other Exchanges MATH:USA
Address 18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score

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

€0.78
Price
€1.81
GF Value