OneSpaWorld Holdings (FRA:ORW) Scaled Net Operating Assets: 0.91 (As of Mar. 2026)


FRA:ORW OneSpaWorld Holdings Ltd FRA:ORW
86 GF Score
Price €23.40
GF Value €16.49
Valuation Significantly Overvalued
! 8 Warning Signs
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What is OneSpaWorld Holdings Scaled Net Operating Assets?

OneSpaWorld Holdings FRA:ORW -3.31% 86 Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus rates FRA:ORW with a GF Score™ of 86/100 and a GF Value™ of €16.49 (Significantly Overvalued). The stock has 8 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.

OneSpaWorld Holdings's operating assets for the quarter that ended in Mar. 2026 was €600.1 Mil. OneSpaWorld Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €48.0 Mil. OneSpaWorld Holdings's Total Assets for the quarter that ended in Dec. 2025 was €603.9 Mil. Therefore, OneSpaWorld Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.91.


OneSpaWorld Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for OneSpaWorld 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.

OneSpaWorld Holdings Scaled Net Operating Assets Chart

OneSpaWorld Holdings 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 0.76 0.87 0.78 0.90 0.74

OneSpaWorld Holdings 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 0.80 0.82 0.83 0.85 0.91

FRA:ORW vs PTON, CALY, FUN: Scaled Net Operating Assets Comparison

For the Leisure subindustry, OneSpaWorld 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.


OneSpaWorld Holdings Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, OneSpaWorld Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:ORW
86GF Score
OneSpaWorld Holdings Ltd FRA:ORW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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OneSpaWorld 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.

OneSpaWorld Holdings'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 )
=(589.934-59.915)/712.834
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=603.859 - 13.925
=589.934

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=140.498 - 78.893 - 1.69
=59.915

OneSpaWorld 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: Dec. 2025 )
=(600.142-48.028)/603.859
=0.91

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=614.048 - 13.906
=600.142

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=128.134 - 78.589 - 1.517
=48.028

* 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 0.91 mean?
OneSpaWorld Holdings (FRA:ORW) has a Scaled Net Operating Assets of 0.91 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 OneSpaWorld Holdings and its competitors.
Is OneSpaWorld Holdings' Scaled Net Operating Assets too high?
OneSpaWorld Holdings' current Scaled Net Operating Assets is 0.91. Overall, OneSpaWorld Holdings has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OneSpaWorld Holdings' Scaled Net Operating Assets compare to PTON and CALY?
OneSpaWorld Holdings' Scaled Net Operating Assets of 0.91 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 OneSpaWorld Holdings and its competitors. OneSpaWorld Holdings's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneSpaWorld Holdings stock overvalued right now?
Based on GuruFocus' analysis, OneSpaWorld Holdings (FRA:ORW) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.49, compared to a current price of €23.40 — trading 41.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.91. OneSpaWorld Holdings' overall GF Score™ is 86/100 with 8 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 OneSpaWorld Holdings (FRA:ORW), the current Scaled Net Operating Assets is 0.91 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 OneSpaWorld Holdings (FRA:ORW) Overvalued in 2026?

Based on GuruFocus' analysis, OneSpaWorld Holdings stock appears to be overvalued. The current stock price of €23.40 is trading 41.9% above its estimated GF Value™ of €16.49. GuruFocus considers OneSpaWorld Holdings to be Significantly Overvalued.

Key valuation signals for FRA:ORW:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: €16.49 vs. price of €23.40 (41.9% above fair value)
  • GF Score™: 86/100 with 8 warning signs

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


OneSpaWorld Holdings Business Description

Other Exchanges OSW:USA
Address Pineapple Business Park, Office Number 2, P.O. Box N-624, Airport Industrial Park, Nassau, BHS
OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and an operator of health and wellness centers at destination resorts all over the world. It offers a suite of premium health, fitness, beauty, and wellness services and products. The services provided by the company include body, salon, and skin care services and products, fitness classes and personal fitness training and pain management, detoxifying programs, and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts.
86GF Score

Get the complete analysis for FRA:ORW

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

€23.40
Price
€16.49
GF Value