Solid State (FRA:OUY) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


FRA:OUY Solid State PLC FRA:OUY
64 GF Score
Price €2.32
GF Value €2.86
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Solid State Scaled Net Operating Assets?

Solid State FRA:OUY +6.42% 64 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates FRA:OUY with a GF Score™ of 64/100 and a GF Value™ of €2.86 (Modestly Undervalued). 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.

Solid State's operating assets for the quarter that ended in Mar. 2026 was €116.1 Mil. Solid State's operating liabilities for the quarter that ended in Mar. 2026 was €32.1 Mil. Solid State's Total Assets for the quarter that ended in Sep. 2025 was €125.2 Mil. Therefore, Solid State's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


Solid State Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Solid State'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.

Solid State Scaled Net Operating Assets Chart

Solid State Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.95 0.66 0.67 0.67

Solid State 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 0.70 0.61 0.76 0.69 0.67

FRA:OUY vs APH, GLW, TEL: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Solid State'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.


Solid State Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Solid State's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:OUY
64GF Score
Solid State PLC FRA:OUY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Solid State 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.

Solid State's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(116.078-32.118)/124.698
=0.67

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=123.653 - 7.575
=116.078

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.631 - 17.084 - 1.429
=32.118

Solid State'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 )
=(116.078-32.118)/125.223
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=123.653 - 7.575
=116.078

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.631 - 17.084 - 1.429
=32.118

* 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 0.67 mean?
Solid State (FRA:OUY) has a Scaled Net Operating Assets of 0.67 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 Solid State and its competitors.
Is Solid State's Scaled Net Operating Assets too high?
Solid State's current Scaled Net Operating Assets is 0.67. Overall, Solid State has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Solid State's Scaled Net Operating Assets compare to APH and GLW?
Solid State's Scaled Net Operating Assets of 0.67 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 Solid State and its competitors. Solid State's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solid State stock overvalued right now?
Based on GuruFocus' analysis, Solid State (FRA:OUY) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.86, compared to a current price of €2.32 — trading 18.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. Solid State's overall GF Score™ is 64/100 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 Solid State (FRA:OUY), the current Scaled Net Operating Assets is 0.67 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 Solid State (FRA:OUY) Overvalued in 2026?

Based on GuruFocus' analysis, Solid State stock appears to be undervalued. The current stock price of €2.32 is trading 18.9% below its estimated GF Value™ of €2.86. GuruFocus considers Solid State to be Modestly Undervalued.

Key valuation signals for FRA:OUY:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: €2.86 vs. price of €2.32 (18.9% below fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Solid State Business Description

Other Exchanges SOLI:UK
Address Hedera Road, 2 Ravensbank Business Park, Redditch, Worcestershire, GBR, B98 9EY
Solid State PLC is engaged in the manufacturing as well as distribution of electronic components and materials. The company's operating segment includes divisions, which are Components and Systems. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. The company generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.
64GF 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.

€2.32
Price
€2.86
GF Value