Pine Technology Holdings (FRA:PNY) Scaled Net Operating Assets: 1.03 (As of Dec. 2025)


FRA:PNY Pine Technology Holdings Ltd FRA:PNY
41 GF Score
Price €0.03
GF Value €0.02
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Pine Technology Holdings Scaled Net Operating Assets?

Pine Technology Holdings FRA:PNY 41 Scaled Net Operating Assets is 1.03 as of Dec. 2025. GuruFocus rates FRA:PNY with a GF Score™ of 41/100 and a GF Value™ of €0.02 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pine Technology Holdings's operating assets for the quarter that ended in Dec. 2025 was €9.02 Mil. Pine Technology Holdings's operating liabilities for the quarter that ended in Dec. 2025 was €0.45 Mil. Pine Technology Holdings's Total Assets for the quarter that ended in Jun. 2025 was €8.29 Mil. Therefore, Pine Technology Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.03.


Pine Technology Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Pine Technology 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.

Pine Technology Holdings Scaled Net Operating Assets Chart

Pine Technology Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.33 -0.04 0.03 0.04

Pine Technology Holdings 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 0.00 0.04 0.04 0.04 1.03

FRA:PNY vs SNDK, DELL, STX: Scaled Net Operating Assets Comparison

For the Computer Hardware subindustry, Pine Technology 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.


Pine Technology Holdings Scaled Net Operating Assets vs Hardware Industry

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

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


FRA:PNY
41GF Score
Pine Technology Holdings Ltd FRA:PNY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pine Technology 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.

Pine Technology Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(0.716-0.314)/10.76
=0.04

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8.285 - 7.569
=0.716

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.561 - 0.073 - 0.174
=0.314

Pine Technology Holdings'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 )
=(9.017-0.448)/8.285
=1.03

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10.819 - 1.802
=9.017

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.728 - 0.011 - 0.269
=0.448

* 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 1.03 mean?
Pine Technology Holdings (FRA:PNY) has a Scaled Net Operating Assets of 1.03 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 Pine Technology Holdings and its competitors.
Is Pine Technology Holdings' Scaled Net Operating Assets too high?
Pine Technology Holdings' current Scaled Net Operating Assets is 1.03. Overall, Pine Technology Holdings has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pine Technology Holdings' Scaled Net Operating Assets compare to SNDK and DELL?
Pine Technology Holdings' Scaled Net Operating Assets of 1.03 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 Pine Technology Holdings and its competitors. Pine Technology Holdings's current Scaled Net Operating Assets is 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pine Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pine Technology Holdings (FRA:PNY) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.03 — trading 25% above its estimated fair value. The current Scaled Net Operating Assets is 1.03. Pine Technology Holdings' overall GF Score™ is 41/100 with 1 warning sign 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 Pine Technology Holdings (FRA:PNY), the current Scaled Net Operating Assets is 1.03 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 Pine Technology Holdings (FRA:PNY) Overvalued in 2026?

Based on GuruFocus' analysis, Pine Technology Holdings stock appears to be overvalued. The current stock price of €0.03 is trading 25% above its estimated GF Value™ of €0.02. GuruFocus considers Pine Technology Holdings to be Modestly Overvalued.

Key valuation signals for FRA:PNY:

  • Scaled Net Operating Assets: 1.03
  • GF Value™: €0.02 vs. price of €0.03 (25% above fair value)
  • GF Score™: 41/100 with 1 warning sign

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


Pine Technology Holdings Business Description

Other Exchanges 01079:Hong KongPNY:Germany
Address 88-98 Des Voeux Road Central, Unit B, 12th Floor, Central 88, Central, Hong Kong, HKG
Pine Technology Holdings Ltd engages in the sales of computer components, consumer electronic products, raw plastic materials, and the provision of computer software, hardware, and system development services. The Group operates through four main segments: Group's brand products, involving the manufacture and sales of video graphics cards and other computer components under its own brand; Other brand products, covering the distribution of third-party computer components and consumer electronic products; Trading business, focused on trading activities in the PRC; and Computer software, hardware, and system development services. The Other brand products segment is the primary revenue contributor. The company exports its products to the PRC and Hong Kong.
41GF Score

Get the complete analysis for FRA:PNY

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

€0.03
Price
€0.02
GF Value