Seanergy Maritime Holdings (FRA:RHS) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


FRA:RHS Seanergy Maritime Holdings Corp FRA:RHS
74 GF Score
Price €12.60
GF Value €9.36
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Seanergy Maritime Holdings Scaled Net Operating Assets?

Seanergy Maritime Holdings FRA:RHS -1.56% 74 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates FRA:RHS with a GF Score™ of 74/100 and a GF Value™ of €9.36 (Significantly Overvalued). The stock has 6 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.

Seanergy Maritime Holdings's operating assets for the quarter that ended in Mar. 2026 was €494.1 Mil. Seanergy Maritime Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €26.8 Mil. Seanergy Maritime Holdings's Total Assets for the quarter that ended in Dec. 2025 was €518.0 Mil. Therefore, Seanergy Maritime Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.


Seanergy Maritime Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Seanergy Maritime 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.

Seanergy Maritime Holdings Scaled Net Operating Assets Chart

Seanergy Maritime 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 1.55 0.99 0.84 1.09 0.86

Seanergy Maritime 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 0.96 0.84 0.86 0.90 0.90

FRA:RHS vs GASS, DSX, SMHI: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, Seanergy Maritime 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.


Seanergy Maritime Holdings Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Seanergy Maritime Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:RHS
74GF Score
Seanergy Maritime Holdings Corp FRA:RHS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Seanergy Maritime 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.

Seanergy Maritime 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 )
=(476.818-29.738)/521.29
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=518.018 - 41.2
=476.818

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=277.717 - 200.977 - 47.002
=29.738

Seanergy Maritime 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 )
=(494.07-26.801)/518.018
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=553.584 - 59.514
=494.07

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=303.355 - 276.554 - 0
=26.801

* 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 0.90 mean?
Seanergy Maritime Holdings (FRA:RHS) has a Scaled Net Operating Assets of 0.90 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 Seanergy Maritime Holdings and its competitors.
Is Seanergy Maritime Holdings' Scaled Net Operating Assets too high?
Seanergy Maritime Holdings' current Scaled Net Operating Assets is 0.90. Overall, Seanergy Maritime Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seanergy Maritime Holdings' Scaled Net Operating Assets compare to GASS and DSX?
Seanergy Maritime Holdings' Scaled Net Operating Assets of 0.90 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Seanergy Maritime Holdings and its competitors. Seanergy Maritime Holdings's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seanergy Maritime Holdings stock overvalued right now?
Based on GuruFocus' analysis, Seanergy Maritime Holdings (FRA:RHS) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.36, compared to a current price of €12.60 — trading 34.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.90. Seanergy Maritime Holdings' overall GF Score™ is 74/100 with 6 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 Seanergy Maritime Holdings (FRA:RHS), the current Scaled Net Operating Assets is 0.90 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 Seanergy Maritime Holdings (FRA:RHS) Overvalued in 2026?

Based on GuruFocus' analysis, Seanergy Maritime Holdings stock appears to be overvalued. The current stock price of €12.60 is trading 34.6% above its estimated GF Value™ of €9.36. GuruFocus considers Seanergy Maritime Holdings to be Significantly Overvalued.

Key valuation signals for FRA:RHS:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: €9.36 vs. price of €12.60 (34.6% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Seanergy Maritime Holdings Business Description

Other Exchanges SHIP:USARHS:Germany
Address 154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74
Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through a modern fleet of Capesize vessels. It generates a majority of its revenue from the vessels. The company's fleet of vessels includes Blueship, Meiship, Kaizenship, Iconship, Titanship, Flagship, Paroship, Worldship, Hellasship, Partnership, Championship, Patriotship, Dukeship, Honorship, Fellowship, Knightship, Lordship, Premiership, Squireship, and Friendship.
74GF Score

Get the complete analysis for FRA:RHS

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

€12.60
Price
€9.36
GF Value