Emmi AG (FRA:FV6) Scaled Net Operating Assets: 0.64 (As of Dec. 2025)


FRA:FV6 Emmi AG FRA:FV6
84 GF Score
Price €940.00
GF Value €1,034.42
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Emmi AG Scaled Net Operating Assets?

Emmi AG FRA:FV6 -0.53% 84 Scaled Net Operating Assets is 0.64 as of Dec. 2025. GuruFocus rates FRA:FV6 with a GF Score™ of 84/100 and a GF Value™ of €1,034.42 (Fairly Valued). The stock has 4 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.

Emmi AG's operating assets for the quarter that ended in Dec. 2025 was €3,296 Mil. Emmi AG's operating liabilities for the quarter that ended in Dec. 2025 was €1,018 Mil. Emmi AG's Total Assets for the quarter that ended in Jun. 2025 was €3,538 Mil. Therefore, Emmi AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.64.


Emmi AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Emmi AG'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.

Emmi AG Scaled Net Operating Assets Chart

Emmi AG 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 0.70 0.76 0.69 0.80 0.63

Emmi AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.64 0.79 0.63 0.64

FRA:FV6 vs KHC, GIS, HRL: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Emmi AG'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.


Emmi AG Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emmi AG's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:FV6
84GF Score
Emmi AG FRA:FV6
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emmi AG 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.

Emmi AG'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 )
=(3296.029-1017.995)/3598.417
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3730.652 - 434.623
=3296.029

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2418.97 - 1177.388 - 223.587
=1017.995

Emmi AG'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 )
=(3296.029-1017.995)/3537.713
=0.64

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3730.652 - 434.623
=3296.029

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2418.97 - 1177.388 - 223.587
=1017.995

* 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 0.64 mean?
Emmi AG (FRA:FV6) has a Scaled Net Operating Assets of 0.64 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 Emmi AG and its competitors.
Is Emmi AG's Scaled Net Operating Assets too high?
Emmi AG's current Scaled Net Operating Assets is 0.64. Overall, Emmi AG has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emmi AG's Scaled Net Operating Assets compare to KHC and GIS?
Emmi AG's Scaled Net Operating Assets of 0.64 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Emmi AG and its competitors. Emmi AG's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emmi AG stock overvalued right now?
Based on GuruFocus' analysis, Emmi AG (FRA:FV6) is currently considered Fairly Valued. The stock's GF Value™ is €1,034.42, compared to a current price of €940.00 — trading 9.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Emmi AG's overall GF Score™ is 84/100 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 Emmi AG (FRA:FV6), the current Scaled Net Operating Assets is 0.64 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 Emmi AG (FRA:FV6) Overvalued in 2026?

Based on GuruFocus' analysis, Emmi AG stock appears to be undervalued. The current stock price of €940.00 is trading 9.1% below its estimated GF Value™ of €1,034.42. GuruFocus considers Emmi AG to be Fairly Valued.

Key valuation signals for FRA:FV6:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: €1,034.42 vs. price of €940.00 (9.1% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the FRA:FV6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emmi AG Business Description

Address Landenbergstrasse 1, Lucerne, CHE, CH-6005
Emmi AG is a Swiss dairy products manufacturer. The company generates revenue in Switzerland, the Americas, other European countries, and the rest of the world. By product category, dairy products, cheese, and fresh products are the main segments. The company also offers powder/concentrates among other products/services.
84GF Score

Get the complete analysis for FRA:FV6

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

€940.00
Price
€1,034.42
GF Value