Recticel (FRA:RCZ) Scaled Net Operating Assets: 0.58 (As of Dec. 2025)


FRA:RCZ Recticel SA FRA:RCZ
83 GF Score
Price €10.82
GF Value €12.63
! 8 Warning Signs
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What is Recticel Scaled Net Operating Assets?

Recticel FRA:RCZ +1.88% 83 Scaled Net Operating Assets is 0.58 as of Dec. 2025. GuruFocus rates FRA:RCZ with a GF Score™ of 83/100 and a GF Value™ of €12.63. 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.

Recticel's operating assets for the quarter that ended in Dec. 2025 was €603.3 Mil. Recticel's operating liabilities for the quarter that ended in Dec. 2025 was €200.6 Mil. Recticel's Total Assets for the quarter that ended in Jun. 2025 was €692.6 Mil. Therefore, Recticel's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.58.


Recticel Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Recticel'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.

Recticel Scaled Net Operating Assets Chart

Recticel 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 0.77 0.66 0.26 0.56 0.57

Recticel 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 0.41 0.57 0.53 0.54 0.58

FRA:RCZ vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Recticel'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.


Recticel Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Recticel's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:RCZ
83GF Score
Recticel SA FRA:RCZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Recticel 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.

Recticel'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 )
=(603.311-200.603)/701.67
=0.57

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=685.562 - 82.251
=603.311

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=255.119 - 44.036 - 10.48
=200.603

Recticel'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 )
=(603.311-200.603)/692.568
=0.58

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=685.562 - 82.251
=603.311

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=255.119 - 44.036 - 10.48
=200.603

* 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 0.58 mean?
Recticel (FRA:RCZ) has a Scaled Net Operating Assets of 0.58 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 Recticel and its competitors.
Is Recticel's Scaled Net Operating Assets too high?
Recticel's current Scaled Net Operating Assets is 0.58. Overall, Recticel has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Recticel's Scaled Net Operating Assets compare to TT and JCI?
Recticel's Scaled Net Operating Assets of 0.58 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Recticel and its competitors. Recticel's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Recticel stock overvalued right now?
Recticel (FRA:RCZ) has a current Scaled Net Operating Assets of 0.58. The stock's GF Value™ is €12.63, compared to a current price of €10.82 — trading 14.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Recticel's overall GF Score™ is 83/100 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 Recticel (FRA:RCZ), the current Scaled Net Operating Assets is 0.58 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 Recticel (FRA:RCZ) Overvalued in 2026?

Based on GuruFocus' analysis, Recticel stock appears to be undervalued. The current stock price of €10.82 is trading 14.3% below its estimated GF Value™ of €12.63.

Key valuation signals for FRA:RCZ:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: €12.63 vs. price of €10.82 (14.3% below fair value)
  • GF Score™: 83/100 with 8 warning signs

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


Recticel Business Description

Address Bourgetlaan 42 Avenue du Bourget, Brussels, BEL, 1130
Recticel SA is a manufacturer of insulation products. It designs solutions that contribute to a carbon-free economy. The group specialises in future-smart insulation solutions tailored to diverse needs across a wide range of market segments, from residential and commercial buildings to non-residential and specialised applications. Applying both upstream and downstream capabilities. The company has three core segments: conventional PIR boards, premium mineral wool (MW), and conventional PIR panels; and a growing range-of-products and downstream solutions. Geographically, the company generates a majority of its revenue from its business across Europe and the rest from the United States of America, the United Kingdom, and other regions.
83GF 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.

€10.82
Price
€12.63
GF Value