OHB SE (FRA:OHB) Scaled Net Operating Assets: 0.24 (As of Mar. 2026)


FRA:OHB OHB SE FRA:OHB
69 GF Score
Price €271.50
GF Value €58.62
Valuation Significantly Overvalued
! 5 Warning Signs
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What is OHB SE Scaled Net Operating Assets?

OHB SE FRA:OHB -1.09% 69 Scaled Net Operating Assets is 0.24 as of Mar. 2026. GuruFocus rates FRA:OHB with a GF Score™ of 69/100 and a GF Value™ of €58.62 (Significantly Overvalued). The stock has 5 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.

OHB SE's operating assets for the quarter that ended in Mar. 2026 was €1,384 Mil. OHB SE's operating liabilities for the quarter that ended in Mar. 2026 was €1,007 Mil. OHB SE's Total Assets for the quarter that ended in Dec. 2025 was €1,566 Mil. Therefore, OHB SE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.


OHB SE Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for OHB SE'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.

OHB SE Scaled Net Operating Assets Chart

OHB SE 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 0.38 0.43 0.57 0.37 0.38

OHB SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.27 0.27 0.41 0.34 0.24

FRA:OHB vs SPCX, GE, RTX: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, OHB SE'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.


OHB SE Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, OHB SE's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:OHB
69GF Score
OHB SE FRA:OHB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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OHB SE 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.

OHB SE'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 )
=(1342.652-815.169)/1399.22
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1566.378 - 223.726
=1342.652

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1135.02 - 87.804 - 232.047
=815.169

OHB SE'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: Dec. 2025 )
=(1384.01-1007.384)/1566.378
=0.24

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1486.196 - 102.186
=1384.01

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1045.014 - 28.478 - 9.152
=1007.384

* 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 0.24 mean?
OHB SE (FRA:OHB) has a Scaled Net Operating Assets of 0.24 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 OHB SE and its competitors.
Is OHB SE's Scaled Net Operating Assets too high?
OHB SE's current Scaled Net Operating Assets is 0.24. Overall, OHB SE has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OHB SE's Scaled Net Operating Assets compare to SPCX and GE?
OHB SE's Scaled Net Operating Assets of 0.24 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 OHB SE and its competitors. OHB SE's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OHB SE stock overvalued right now?
Based on GuruFocus' analysis, OHB SE (FRA:OHB) is currently considered Significantly Overvalued. The stock's GF Value™ is €58.62, compared to a current price of €271.50 — trading 363.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.24. OHB SE's overall GF Score™ is 69/100 with 5 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 OHB SE (FRA:OHB), the current Scaled Net Operating Assets is 0.24 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 OHB SE (FRA:OHB) Overvalued in 2026?

Based on GuruFocus' analysis, OHB SE stock appears to be overvalued. The current stock price of €271.50 is trading 363.2% above its estimated GF Value™ of €58.62. GuruFocus considers OHB SE to be Significantly Overvalued.

Key valuation signals for FRA:OHB:

  • Scaled Net Operating Assets: 0.24
  • GF Value™: €58.62 vs. price of €271.50 (363.2% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


OHB SE Business Description

Address Manfred-Fuchs-Platz 2-4, Bremen, NI, DEU, 28359
OHB SE is engaged in the production and distribution of and projects as well as the provision of high-technology services particularly in the areas of space and aeronautic technology, telematics, and satellite services. Its segments are the Space Systems segment concentrates on developing and executing space projects; The Access To Space segment assembles and develops aviation and space products as well as other industrial activities; The Digital segment offers a wide range of service activities including satellite operations, IT application based on satellite data for maritime and rail logistics or autonomous mobility as well as the procurement of rocket launches and the provision of IT services. The Space Systems segment derives majority of revenue.
69GF 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.

€271.50
Price
€58.62
GF Value