Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
ZTE's operating assets for the quarter that ended in Mar. 2026 was €22,192 Mil. ZTE's operating liabilities for the quarter that ended in Mar. 2026 was €9,970 Mil. ZTE's Total Assets for the quarter that ended in Dec. 2025 was €26,401 Mil. Therefore, ZTE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.46.
ZTE Scaled Net Operating Assets Related Terms
ZTE Scaled Net Operating Assets Historical Data
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The historical data trend for ZTE'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.
FRA:FZM vs CSCO, CIEN, MSI: Scaled Net Operating Assets Comparison
For the Communication Equipment subindustry, ZTE'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.
ZTE Scaled Net Operating Assets vs Hardware Industry
For the Hardware industry and Technology sector, ZTE's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where ZTE'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 0.46 mean?
ZTE (FRA:FZM) has a Scaled Net Operating Assets of 0.46 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 ZTE and its competitors.
Is ZTE's Scaled Net Operating Assets too high?
ZTE's current Scaled Net Operating Assets is 0.46. Overall, ZTE has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ZTE's Scaled Net Operating Assets compare to CSCO and CIEN?
ZTE's Scaled Net Operating Assets of 0.46 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 ZTE and its competitors. ZTE's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTE stock overvalued right now?
Based on GuruFocus' analysis, ZTE (FRA:FZM) is currently considered Fairly Valued. The stock's GF Value™ is €2.54, compared to a current price of €2.48 — trading 2.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.46. ZTE's overall GF Score™ is 83/100 with 6 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 ZTE (FRA:FZM), the current Scaled Net Operating Assets is 0.46 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 ZTE (FRA:FZM) Overvalued in 2026?
Based on GuruFocus' analysis, ZTE stock appears to be undervalued.
The current stock price of €2.48 is trading 2.5% below its estimated GF Value™ of €2.54.
GuruFocus considers ZTE to be Fairly Valued.
Key valuation signals for FRA:FZM:
Scaled Net Operating Assets: 0.46
GF Value™: €2.54 vs. price of €2.48 (2.5% below fair value)
No single metric tells the full story. See the FRA:FZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTE Corp is a provider of integrated telecommunications and IT solutions with a full range of end-to-end ICT products and solutions integrating design, development, production, sales, and services with a special focus on carriers networks, government and corporate business, and consumer business. It operates in three segments Carriers network, Consumer Business, and Government and Corporate Business. It generates a majority of its revenue from equipment supporting carriers' networks. It has a presence in the PRC, Asia, Africa, Europe, and the Americas. It generates the majority of its revenue from the PRC region.
83GF 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.
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