Paradox Interactive AB (FRA:ETA) Scaled Net Operating Assets: 0.38 (As of Mar. 2026)


FRA:ETA Paradox Interactive AB FRA:ETA
80 GF Score
Price €11.45
GF Value €16.16
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Paradox Interactive AB Scaled Net Operating Assets?

Paradox Interactive AB FRA:ETA +2.97% 80 Scaled Net Operating Assets is 0.38 as of Mar. 2026. GuruFocus rates FRA:ETA with a GF Score™ of 80/100 and a GF Value™ of €16.16 (Modestly Undervalued). 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.

Paradox Interactive AB's operating assets for the quarter that ended in Mar. 2026 was €157.2 Mil. Paradox Interactive AB's operating liabilities for the quarter that ended in Mar. 2026 was €46.5 Mil. Paradox Interactive AB's Total Assets for the quarter that ended in Dec. 2025 was €291.3 Mil. Therefore, Paradox Interactive AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.38.


Paradox Interactive AB Scaled Net Operating Assets Historical Data

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The historical data trend for Paradox Interactive AB'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.

Paradox Interactive AB Scaled Net Operating Assets Chart

Paradox Interactive AB 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 0.48 0.62 0.45 0.41 0.39

Paradox Interactive AB 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 0.47 0.45 0.57 0.38 0.38

FRA:ETA vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, Paradox Interactive AB'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.


Paradox Interactive AB Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Paradox Interactive AB's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:ETA
80GF Score
Paradox Interactive AB FRA:ETA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Paradox Interactive AB 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.

Paradox Interactive AB'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 )
=(164.886-46.503)/307.091
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=291.263 - 126.377
=164.886

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61.687 - 12.626 - 2.558
=46.503

Paradox Interactive AB'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 )
=(157.186-46.522)/291.263
=0.38

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=301.513 - 144.327
=157.186

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=60.962 - 12.117 - 2.323
=46.522

* 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 0.38 mean?
Paradox Interactive AB (FRA:ETA) has a Scaled Net Operating Assets of 0.38 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 Paradox Interactive AB and its competitors.
Is Paradox Interactive AB's Scaled Net Operating Assets too high?
Paradox Interactive AB's current Scaled Net Operating Assets is 0.38. Overall, Paradox Interactive AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paradox Interactive AB's Scaled Net Operating Assets compare to NTES and EA?
Paradox Interactive AB's Scaled Net Operating Assets of 0.38 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 Paradox Interactive AB and its competitors. Paradox Interactive AB's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradox Interactive AB stock overvalued right now?
Based on GuruFocus' analysis, Paradox Interactive AB (FRA:ETA) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.16, compared to a current price of €11.45 — trading 29.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.38. Paradox Interactive AB's overall GF Score™ is 80/100 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 Paradox Interactive AB (FRA:ETA), the current Scaled Net Operating Assets is 0.38 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 Paradox Interactive AB (FRA:ETA) Overvalued in 2026?

Based on GuruFocus' analysis, Paradox Interactive AB stock appears to be undervalued. The current stock price of €11.45 is trading 29.1% below its estimated GF Value™ of €16.16. GuruFocus considers Paradox Interactive AB to be Modestly Undervalued.

Key valuation signals for FRA:ETA:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: €16.16 vs. price of €11.45 (29.1% below fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Paradox Interactive AB Business Description

Address Magnus Ladulasgatan 4, Stockholm, SWE, 118 66
Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States, while it also has its presence in Sweden, Rest of Europe and Rest of the World.
80GF 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.

€11.45
Price
€16.16
GF Value