Lindex Group (FRA:SOMB) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:SOMB Lindex Group PLC FRA:SOMB
59 GF Score
Price €1.95
GF Value €2.48
! 4 Warning Signs
View Full Analysis

What is Lindex Group Scaled Net Operating Assets?

Lindex Group FRA:SOMB 59 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates FRA:SOMB with a GF Score™ of 59/100 and a GF Value™ of €2.48. The stock has 4 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.

Lindex Group's operating assets for the quarter that ended in Mar. 2026 was €1,244.2 Mil. Lindex Group's operating liabilities for the quarter that ended in Mar. 2026 was €204.8 Mil. Lindex Group's Total Assets for the quarter that ended in Dec. 2025 was €1,356.2 Mil. Therefore, Lindex Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Lindex Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Lindex Group'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.

Lindex Group Scaled Net Operating Assets Chart

Lindex Group 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 0.59 0.56 0.71 0.74 0.76

Lindex Group 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 0.75 0.78 0.78 0.77

FRA:SOMB vs TJX, ROST, BURL: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Lindex Group'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.


Lindex Group Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lindex Group's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:SOMB
59GF Score
Lindex Group PLC FRA:SOMB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lindex Group 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.

Lindex Group'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 )
=(1222-228.8)/1315.7
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1356.2 - 134.2
=1222

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=906.5 - 500.9 - 176.8
=228.8

Lindex Group'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 )
=(1244.2-204.8)/1356.2
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1315.8 - 71.6
=1244.2

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=889.2 - 505.1 - 179.3
=204.8

* 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 0.77 mean?
Lindex Group (FRA:SOMB) has a Scaled Net Operating Assets of 0.77 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 Lindex Group and its competitors.
Is Lindex Group's Scaled Net Operating Assets too high?
Lindex Group's current Scaled Net Operating Assets is 0.77. Overall, Lindex Group has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Lindex Group's Scaled Net Operating Assets compare to TJX and ROST?
Lindex Group's Scaled Net Operating Assets of 0.77 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Lindex Group and its competitors. Lindex Group's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lindex Group stock overvalued right now?
Lindex Group (FRA:SOMB) has a current Scaled Net Operating Assets of 0.77. The stock's GF Value™ is €2.48, compared to a current price of €1.95 — trading 21.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Lindex Group's overall GF Score™ is 59/100 with 4 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 Lindex Group (FRA:SOMB), the current Scaled Net Operating Assets is 0.77 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 Lindex Group (FRA:SOMB) Overvalued in 2026?

Based on GuruFocus' analysis, Lindex Group stock appears to be undervalued. The current stock price of €1.95 is trading 21.3% below its estimated GF Value™ of €2.48.

Key valuation signals for FRA:SOMB:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €2.48 vs. price of €1.95 (21.3% below fair value)
  • GF Score™: 59/100 with 4 warning signs

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


Lindex Group Business Description

Other Exchanges 0MW2:UKLINDEX:Finland
Address Aleksanterinkatu 52 B, PO Box 220, Helsinki, FIN, FI-00101
Lindex Group PLC is an international multichannel retail group with two divisions: Lindex and Stockmann. The company's segments include Lindex, which operates in the fashion retail trade, offers inspiring and affordable fashion for women and children. Its product range includes women's wear, kids wear, lingerie and cosmetics and Stockmann is a multichannel retail company offering a diverse and high-quality range of fashion, cosmetics and home products and also includes food and beverage products. The group is geographically divided into Finland, Sweden, Norway, and other countries.
59GF Score

Get the complete analysis for FRA:SOMB

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

€1.95
Price
€2.48
GF Value