Tradegate AG Wertpapierhandelsbank (FRA:T2G) Scaled Net Operating Assets: 0.33 (As of Dec. 2025)


FRA:T2G Tradegate AG Wertpapierhandelsbank FRA:T2G
18 GF Score
Price €84.00
GF Value €124.59
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Tradegate AG Wertpapierhandelsbank Scaled Net Operating Assets?

Tradegate AG Wertpapierhandelsbank FRA:T2G 18 Scaled Net Operating Assets is 0.33 as of Dec. 2025. GuruFocus rates FRA:T2G with a GF Score™ of 18/100 and a GF Value™ of €124.59 (Possible Value Trap). 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.

Tradegate AG Wertpapierhandelsbank's operating assets for the quarter that ended in Dec. 2025 was €410.0 Mil. Tradegate AG Wertpapierhandelsbank's operating liabilities for the quarter that ended in Dec. 2025 was €257.1 Mil. Tradegate AG Wertpapierhandelsbank's Total Assets for the quarter that ended in Jun. 2025 was €461.4 Mil. Therefore, Tradegate AG Wertpapierhandelsbank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.33.

FRA:T2G
18GF Score
Tradegate AG Wertpapierhandelsbank FRA:T2G
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tradegate AG Wertpapierhandelsbank 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.

Tradegate AG Wertpapierhandelsbank'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 )
=(410.047-257.063)/390.449
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=411.199 - 1.152
=410.047

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.063 - 0 - 0
=257.063

Tradegate AG Wertpapierhandelsbank'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 )
=(410.047-257.063)/461.353
=0.33

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=411.199 - 1.152
=410.047

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.063 - 0 - 0
=257.063

* 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 0.33 mean?
Tradegate AG Wertpapierhandelsbank (FRA:T2G) has a Scaled Net Operating Assets of 0.33 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 Tradegate AG Wertpapierhandelsbank and its competitors.
Is Tradegate AG Wertpapierhandelsbank's Scaled Net Operating Assets too high?
Tradegate AG Wertpapierhandelsbank's current Scaled Net Operating Assets is 0.33. Overall, Tradegate AG Wertpapierhandelsbank has a GF Score™ of 18/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tradegate AG Wertpapierhandelsbank's Scaled Net Operating Assets compare to MS and GS?
Tradegate AG Wertpapierhandelsbank's Scaled Net Operating Assets of 0.33 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Tradegate AG Wertpapierhandelsbank and its competitors. Tradegate AG Wertpapierhandelsbank's current Scaled Net Operating Assets is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tradegate AG Wertpapierhandelsbank stock overvalued right now?
Based on GuruFocus' analysis, Tradegate AG Wertpapierhandelsbank (FRA:T2G) is currently considered Possible Value Trap. The stock's GF Value™ is €124.59, compared to a current price of €84.00 — trading 32.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.33. Tradegate AG Wertpapierhandelsbank's overall GF Score™ is 18/100 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 Tradegate AG Wertpapierhandelsbank (FRA:T2G), the current Scaled Net Operating Assets is 0.33 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 Tradegate AG Wertpapierhandelsbank (FRA:T2G) Overvalued in 2026?

Based on GuruFocus' analysis, Tradegate AG Wertpapierhandelsbank stock appears to be undervalued. The current stock price of €84.00 is trading 32.6% below its estimated GF Value™ of €124.59. GuruFocus considers Tradegate AG Wertpapierhandelsbank to be Possible Value Trap.

Key valuation signals for FRA:T2G:

  • Scaled Net Operating Assets: 0.33
  • GF Value™: €124.59 vs. price of €84.00 (32.6% below fair value)
  • GF Score™: 18/100 with 1 warning sign

No single metric tells the full story. See the FRA:T2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tradegate AG Wertpapierhandelsbank Business Description

Address Kurfurstendamm 119, Berlin, BB, DEU, 10711
Tradegate AG Wertpapierhandelsbank is a Germany-based company. It is engaged in providing banking and financial services. In addition to retail banking, the company focuses on the trading of several domestic and foreign securities on the Tradegate Exchange, and the Frankfurt and Berlin stock exchanges. The company's main business activity consists of market specialist activities and market making; it acts as a Market Specialist on the Tradegate Exchange and the Frankfurt Stock Exchange and as an order book manager on the Berlin Stock Exchange. It extends its services to the securities listing on the stock exchanges in Munich, Stuttgart, Hamburg, Hanover, and Dusseldorf.
18GF Score

Get the complete analysis for FRA:T2G

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

€84.00
Price
€124.59
GF Value