Ace Digital AS (FRA:ZR9) Scaled Net Operating Assets: 1.99 (As of Dec. 2025)

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FRA:ZR9 Ace Digital AS FRA:ZR9
12 GF Score
Price €0.03
! 3 Warning Signs
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What is Ace Digital AS Scaled Net Operating Assets?

Ace Digital AS FRA:ZR9 +3.92% 12 Scaled Net Operating Assets is 1.99 as of Dec. 2025. GuruFocus rates FRA:ZR9 with a GF Score™ of 12/100. The stock has 3 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.

Ace Digital AS's operating assets for the quarter that ended in Dec. 2025 was €2.03 Mil. Ace Digital AS's operating liabilities for the quarter that ended in Dec. 2025 was €0.07 Mil. Ace Digital AS's Total Assets for the quarter that ended in Dec. 2024 was €0.98 Mil. Therefore, Ace Digital AS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.99.

Ace Digital AS Scaled Net Operating Assets Historical Data

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The historical data trend for Ace Digital AS'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.

Ace Digital AS Scaled Net Operating Assets Chart

Ace Digital AS Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.00 0.00 5.89 1.99

Ace Digital AS Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets 0.00 0.00 5.89 1.99

FRA:ZR9 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Ace Digital AS'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.

Ace Digital AS Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ace Digital AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ace Digital AS's Scaled Net Operating Assets falls into.


FRA:ZR9
12GF Score
Ace Digital AS FRA:ZR9
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ace Digital AS 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.

Ace Digital AS'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 )
=(2.027-0.067)/0.984
=1.99

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.361 - 2.334
=2.027

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.067 - 0 - 0
=0.067

Ace Digital AS'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: Dec. 2024 )
=(2.027-0.067)/0.984
=1.99

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.361 - 2.334
=2.027

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.067 - 0 - 0
=0.067

* 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 1.99 mean?
Ace Digital AS (FRA:ZR9) has a Scaled Net Operating Assets of 1.99 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 Ace Digital AS and its competitors.
Is Ace Digital AS's Scaled Net Operating Assets too high?
Ace Digital AS's current Scaled Net Operating Assets is 1.99. Overall, Ace Digital AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ace Digital AS's Scaled Net Operating Assets compare to MS and GS?
Ace Digital AS's Scaled Net Operating Assets of 1.99 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 Ace Digital AS and its competitors. Ace Digital AS's current Scaled Net Operating Assets is 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Digital AS stock overvalued right now?
Ace Digital AS (FRA:ZR9) has a current Scaled Net Operating Assets of 1.99. The current Scaled Net Operating Assets is 1.99. Ace Digital AS's overall GF Score™ is 12/100 with 3 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 Ace Digital AS (FRA:ZR9), the current Scaled Net Operating Assets is 1.99 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.

Ace Digital AS Business Description

Other Exchanges ACED:Norway
Address Haakon VIIs gate 1, Oslo, NOR, 0161
Ace Digital AS is an investment holding company. The company focuses on investing in and managing businesses in the Bitcoin ecosystem. The company's purpose is to be an attractive way to participate in that thesis - through a structure designed to do more than hold Bitcoin passively. It is building a Bitcoin platform. The company uses Bitcoin as a main asset while offering products and services.
12GF 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.

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