Turbon AG (FRA:TUR) Scaled Net Operating Assets: 0.35 (As of Dec. 2025)

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:TUR Turbon AG FRA:TUR
61 GF Score
Price €2.90
GF Value €2.78
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Turbon AG Scaled Net Operating Assets?

Turbon AG FRA:TUR 61 Scaled Net Operating Assets is 0.35 as of Dec. 2025. GuruFocus rates FRA:TUR with a GF Score™ of 61/100 and a GF Value™ of €2.78 (Fairly Valued). 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.

Turbon AG's operating assets for the quarter that ended in Dec. 2025 was €25.75 Mil. Turbon AG's operating liabilities for the quarter that ended in Dec. 2025 was €11.47 Mil. Turbon AG's Total Assets for the quarter that ended in Jun. 2025 was €40.69 Mil. Therefore, Turbon AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.35.


Turbon AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Turbon AG'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.

Turbon AG Scaled Net Operating Assets Chart

Turbon AG 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 0.45 0.52 0.51 0.56 0.32

Turbon AG 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 0.51 0.51 0.56 0.50 0.35

FRA:TUR vs VRT, BE, HUBB: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, Turbon AG'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.


Turbon AG Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Turbon AG's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:TUR
61GF Score
Turbon AG FRA:TUR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turbon AG 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.

Turbon AG'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 )
=(25.745-11.468)/44.654
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30.688 - 4.943
=25.745

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.171 - 1.068 - 0.635
=11.468

Turbon AG'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 )
=(25.745-11.468)/40.692
=0.35

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30.688 - 4.943
=25.745

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.171 - 1.068 - 0.635
=11.468

* 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 0.35 mean?
Turbon AG (FRA:TUR) has a Scaled Net Operating Assets of 0.35 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 Turbon AG and its competitors.
Is Turbon AG's Scaled Net Operating Assets too high?
Turbon AG's current Scaled Net Operating Assets is 0.35. Overall, Turbon AG has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turbon AG's Scaled Net Operating Assets compare to VRT and BE?
Turbon AG's Scaled Net Operating Assets of 0.35 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Turbon AG and its competitors. Turbon AG's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turbon AG stock overvalued right now?
Based on GuruFocus' analysis, Turbon AG (FRA:TUR) is currently considered Fairly Valued. The stock's GF Value™ is €2.78, compared to a current price of €2.90 — trading 4.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.35. Turbon AG's overall GF Score™ is 61/100 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 Turbon AG (FRA:TUR), the current Scaled Net Operating Assets is 0.35 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 Turbon AG (FRA:TUR) Overvalued in 2026?

Based on GuruFocus' analysis, Turbon AG stock appears to be overvalued. The current stock price of €2.90 is trading 4.3% above its estimated GF Value™ of €2.78. GuruFocus considers Turbon AG to be Fairly Valued.

Key valuation signals for FRA:TUR:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: €2.78 vs. price of €2.90 (4.3% above fair value)
  • GF Score™: 61/100 with 4 warning signs

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


Turbon AG Business Description

Other Exchanges TUR:Germany
Address Zum Ludwigstal 14 - 16, Hattingen, NW, DEU
Turbon AG is a management holding company operating through its subsidiaries, in the following segments; Turbon Consumables, Turbon Electrics, and Turbon Services. The Turbon Electrics segment, which generates key revenue, focuses on developing and manufacturing electrical and electronic assemblies, cables, cable harnesses, and reprocessing used toner cartridges. The Turbon Services segment provides printers, printer consumables, related services, and consulting on optimizing business processes with software solutions; and the Turbon Consumables segment manufactures printed and unprinted paper products like cash register rolls, POS terminal rolls, and entrance tickets. Geographically, the company generates maximum revenue from Europe, and the rest from Asia, Arab, and other regions.
61GF Score

Get the complete analysis for FRA:TUR

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

€2.90
Price
€2.78
GF Value