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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
TH International's operating assets for the quarter that ended in Mar. 2026 was €119.6 Mil. TH International's operating liabilities for the quarter that ended in Mar. 2026 was €54.8 Mil. TH International's Total Assets for the quarter that ended in Dec. 2025 was €142.7 Mil. Therefore, TH International's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.
TH International Scaled Net Operating Assets Related Terms
TH International Scaled Net Operating Assets Historical Data
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The historical data trend for TH International'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.
TH International Scaled Net Operating Assets Chart
FRA:FQ10 vs RAVE, STKS, BDL: Scaled Net Operating Assets Comparison
For the Restaurants subindustry, TH International'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.
TH International Scaled Net Operating Assets vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, TH International's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where TH International's Scaled Net Operating Assets falls into.
* 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 0.45 mean?
TH International (FRA:FQ10) has a Scaled Net Operating Assets of 0.45 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 TH International and its competitors.
Is TH International's Scaled Net Operating Assets too high?
TH International's current Scaled Net Operating Assets is 0.45. Overall, TH International has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does TH International's Scaled Net Operating Assets compare to RAVE and STKS?
TH International's Scaled Net Operating Assets of 0.45 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 TH International and its competitors. TH International's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TH International stock overvalued right now?
TH International (FRA:FQ10) has a current Scaled Net Operating Assets of 0.45. The stock's GF Value™ is €5.02, compared to a current price of €3.08 — trading 38.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. TH International's overall GF Score™ is 52/100 with 4 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 TH International (FRA:FQ10), the current Scaled Net Operating Assets is 0.45 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 TH International (FRA:FQ10) Overvalued in 2026?
Based on GuruFocus' analysis, TH International stock appears to be undervalued.
The current stock price of €3.08 is trading 38.7% below its estimated GF Value™ of €5.02.
Key valuation signals for FRA:FQ10:
Scaled Net Operating Assets: 0.45
GF Value™: €5.02 vs. price of €3.08 (38.7% below fair value)
No single metric tells the full story. See the FRA:FQ10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TH International Ltd is the exclusive master franchisee in China for Tim Hortons, a world-wide coffee and bakery shop brand. Through the Tim Hortons brand, the firm offers freshly brewed coffee, tea, and other beverages, bakery & sides, and sandwiches. The Company operated under a single reportable segment, Tim Hortons. The company's revenue is derived from sales of food, beverages, and packaged products by company-owned and operated stores, franchise fees, and revenue from other franchise support activities. Its geographic revenue is derived from operations in the PRC.
52GF Score
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