Smith Micro Software (FRA:SS90) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


FRA:SS90 Smith Micro Software Inc FRA:SS90
62 GF Score
Price €10.72
GF Value €9.28
! 4 Warning Signs
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What is Smith Micro Software Scaled Net Operating Assets?

Smith Micro Software FRA:SS90 62 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates FRA:SS90 with a GF Score™ of 62/100 and a GF Value™ of €9.28. 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.

Smith Micro Software's operating assets for the quarter that ended in Mar. 2026 was €20.81 Mil. Smith Micro Software's operating liabilities for the quarter that ended in Mar. 2026 was €3.18 Mil. Smith Micro Software's Total Assets for the quarter that ended in Dec. 2025 was €21.33 Mil. Therefore, Smith Micro Software's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Smith Micro Software Scaled Net Operating Assets Historical Data

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The historical data trend for Smith Micro Software'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.

Smith Micro Software Scaled Net Operating Assets Chart

Smith Micro Software 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 1.33 0.71 0.67 0.49 0.36

Smith Micro Software 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 0.74 0.50 0.69 0.71 0.83

FRA:SS90 vs CYN, FALC, INUV: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Smith Micro Software'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.


Smith Micro Software Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Smith Micro Software's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:SS90
62GF Score
Smith Micro Software Inc FRA:SS90
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Smith Micro Software 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.

Smith Micro Software'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 )
=(20.049-3.623)/45.884
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21.325 - 1.276
=20.049

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.62 - 0.356 - 1.641
=3.623

Smith Micro Software'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 )
=(20.805-3.178)/21.325
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22.312 - 1.507
=20.805

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.446 - 2.643 - 0.625
=3.178

* 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 0.83 mean?
Smith Micro Software (FRA:SS90) has a Scaled Net Operating Assets of 0.83 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 Smith Micro Software and its competitors.
Is Smith Micro Software's Scaled Net Operating Assets too high?
Smith Micro Software's current Scaled Net Operating Assets is 0.83. Overall, Smith Micro Software has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Smith Micro Software's Scaled Net Operating Assets compare to CYN and FALC?
Smith Micro Software's Scaled Net Operating Assets of 0.83 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Smith Micro Software and its competitors. Smith Micro Software's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith Micro Software stock overvalued right now?
Smith Micro Software (FRA:SS90) has a current Scaled Net Operating Assets of 0.83. The stock's GF Value™ is €9.28, compared to a current price of €10.72 — trading 15.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Smith Micro Software's overall GF Score™ is 62/100 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 Smith Micro Software (FRA:SS90), the current Scaled Net Operating Assets is 0.83 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 Smith Micro Software (FRA:SS90) Overvalued in 2026?

Based on GuruFocus' analysis, Smith Micro Software stock appears to be overvalued. The current stock price of €10.72 is trading 15.5% above its estimated GF Value™ of €9.28.

Key valuation signals for FRA:SS90:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: €9.28 vs. price of €10.72 (15.5% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the FRA:SS90 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smith Micro Software Business Description

Other Exchanges SMSI:USA
Address 5800 Corporate Drive, Pittsburgh, PA, USA, 15237
Smith Micro Software Inc provides software solutions that simplify and enhance the mobile experience to some of the wireless service providers around the globe. The company's solutions include SafePath product suite provides comprehensive and easy-to-use tools to protect family digital lifestyles and manage connected devices both inside and outside the home; CommSuite premium messaging platform helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, while monetizing a legacy cost-center; and ViewSpot its retail display management platform provided wireless carriers and retailers with a way to bring powerful on-screen, interactive demos to life. It operates in single segment: Wireless.
62GF 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.

€10.72
Price
€9.28
GF Value