Koninklijke Heijmans NV (FRA:HJN1) Scaled Net Operating Assets: 0.34 (As of Dec. 2025)

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FRA:HJN1 Koninklijke Heijmans NV FRA:HJN1
75 GF Score
Price €94.95
GF Value €30.66
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Koninklijke Heijmans NV Scaled Net Operating Assets?

Koninklijke Heijmans NV FRA:HJN1 -3.51% 75 Scaled Net Operating Assets is 0.34 as of Dec. 2025. GuruFocus rates FRA:HJN1 with a GF Score™ of 75/100 and a GF Value™ of €30.66 (Significantly Overvalued). The stock has 2 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.

Koninklijke Heijmans NV's operating assets for the quarter that ended in Dec. 2025 was €1,481 Mil. Koninklijke Heijmans NV's operating liabilities for the quarter that ended in Dec. 2025 was €985 Mil. Koninklijke Heijmans NV's Total Assets for the quarter that ended in Jun. 2025 was €1,470 Mil. Therefore, Koninklijke Heijmans NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.34.


Koninklijke Heijmans NV Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Koninklijke Heijmans NV'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.

Koninklijke Heijmans NV Scaled Net Operating Assets Chart

Koninklijke Heijmans NV 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 0.16 0.17 0.48 0.36 0.36

Koninklijke Heijmans NV 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 0.49 0.38 0.36 0.38 0.34

FRA:HJN1 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Koninklijke Heijmans NV'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.


Koninklijke Heijmans NV Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Koninklijke Heijmans NV's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Koninklijke Heijmans NV's Scaled Net Operating Assets falls into.


FRA:HJN1
75GF Score
Koninklijke Heijmans NV FRA:HJN1
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koninklijke Heijmans NV 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.

Koninklijke Heijmans NV'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 )
=(1480.8-984.7)/1368.6
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1665.5 - 184.7
=1480.8

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1117.2 - 97.9 - 34.6
=984.7

Koninklijke Heijmans NV'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 )
=(1480.8-984.7)/1470
=0.34

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1665.5 - 184.7
=1480.8

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1117.2 - 97.9 - 34.6
=984.7

* 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 0.34 mean?
Koninklijke Heijmans NV (FRA:HJN1) has a Scaled Net Operating Assets of 0.34 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 Koninklijke Heijmans NV and its competitors.
Is Koninklijke Heijmans NV's Scaled Net Operating Assets too high?
Koninklijke Heijmans NV's current Scaled Net Operating Assets is 0.34. Overall, Koninklijke Heijmans NV has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Heijmans NV's Scaled Net Operating Assets compare to PWR and FIX?
Koninklijke Heijmans NV's Scaled Net Operating Assets of 0.34 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Koninklijke Heijmans NV and its competitors. Koninklijke Heijmans NV's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Heijmans NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Heijmans NV (FRA:HJN1) is currently considered Significantly Overvalued. The stock's GF Value™ is €30.66, compared to a current price of €94.95 — trading 209.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Koninklijke Heijmans NV's overall GF Score™ is 75/100 with 2 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 Koninklijke Heijmans NV (FRA:HJN1), the current Scaled Net Operating Assets is 0.34 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 Koninklijke Heijmans NV (FRA:HJN1) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke Heijmans NV stock appears to be overvalued. The current stock price of €94.95 is trading 209.7% above its estimated GF Value™ of €30.66. GuruFocus considers Koninklijke Heijmans NV to be Significantly Overvalued.

Key valuation signals for FRA:HJN1:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: €30.66 vs. price of €94.95 (209.7% above fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the FRA:HJN1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koninklijke Heijmans NV Business Description

Address Graafsebaan 65, Po Box 2, Rosmalen, NB, NLD, 5248JT
Koninklijke Heijmans NV operates in the construction and public works sector in the Netherlands. Its activities include construction and maintenance of infrastructures: public spaces, highways, bridges, pipelines, roads, tram lines, etc; construction and restoration of buildings: houses, offices, schools, hospitals, stadiums, industrial sites, etc.; servicing and maintenance of buildings and installations.
75GF Score

Get the complete analysis for FRA:HJN1

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

€94.95
Price
€30.66
GF Value