Image Scan Holdings (FRA:LWN) Scaled Net Operating Assets: 0.22 (As of Mar. 2026)


What is Image Scan Holdings Scaled Net Operating Assets?

Image Scan Holdings FRA:LWN Scaled Net Operating Assets is 0.22 as of Mar. 2026. The stock has 6 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.

Image Scan Holdings's operating assets for the quarter that ended in Mar. 2026 was €1.63 Mil. Image Scan Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €1.04 Mil. Image Scan Holdings's Total Assets for the quarter that ended in Sep. 2025 was €2.67 Mil. Therefore, Image Scan Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.22.


Image Scan Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Image Scan Holdings'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.

Image Scan Holdings Scaled Net Operating Assets Chart

Image Scan Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.33 0.30 0.41 0.14

Image Scan Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.26 0.44 0.29 0.21 0.22

FRA:LWN vs ALLE, MSA, ADT: Scaled Net Operating Assets Comparison

For the Security & Protection Services subindustry, Image Scan Holdings'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.


Image Scan Holdings Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Image Scan Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Image Scan Holdings's Scaled Net Operating Assets falls into.



Image Scan Holdings 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.

Image Scan Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(1.366-0.913)/3.208
=0.14

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.668 - 1.302
=1.366

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.02 - 0.052 - 0.055
=0.913

Image Scan Holdings'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: Sep. 2025 )
=(1.627-1.038)/2.668
=0.22

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.775 - 1.148
=1.627

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.038 - 0 - 0
=1.038

* 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 0.22 mean?
Image Scan Holdings (FRA:LWN) has a Scaled Net Operating Assets of 0.22 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 Image Scan Holdings and its competitors.
Is Image Scan Holdings' Scaled Net Operating Assets too high?
Image Scan Holdings' current Scaled Net Operating Assets is 0.22.
How does Image Scan Holdings' Scaled Net Operating Assets compare to ALLE and MSA?
Image Scan Holdings' Scaled Net Operating Assets of 0.22 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Image Scan Holdings and its competitors. Image Scan Holdings's current Scaled Net Operating Assets is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Scan Holdings stock overvalued right now?
Image Scan Holdings (FRA:LWN) has a current Scaled Net Operating Assets of 0.22. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 25% above its estimated fair value. The current Scaled Net Operating Assets is 0.22. 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 Image Scan Holdings (FRA:LWN), the current Scaled Net Operating Assets is 0.22 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.

Image Scan Holdings Business Description

Other Exchanges IGE:UK
Address Sileby Road, 16-18 Hayhill Industrial Estate, Loughborough, Barrow-upon-Soar, Leicestershire, GBR, LE12 8LD
Image Scan Holdings PLC is principally engaged in the development and sale of portable X-ray systems for security and counter-terrorism applications. Additionally, it also manufactures industrial X-ray inspection systems. The company offers a range of portable, rapid deployment, and static security solutions to several security sectors, including government and private security organisations. It serves police, military, security services, bomb disposal teams, prisons, ports, airports, cargo handlers, freight forwarders, corporate headquarters, mail rooms, and operators of stadiums and events. The company derives revenue from the sale of its equipment. Geographically, it generates the majority of revenue from the United Kingdom.