GDYN (Grid Dynamics Holdings) Scaled Net Operating Assets: 0.36 (As of Mar. 2026)


GDYN Grid Dynamics Holdings Inc GDYN
71 GF Score
Price $6.09
GF Value $13.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Grid Dynamics Holdings Scaled Net Operating Assets?

Grid Dynamics Holdings GDYN -2.48% 71 Scaled Net Operating Assets is 0.36 as of Mar. 2026. GuruFocus rates GDYN with a GF Score™ of 71/100 and a GF Value™ of $13.00 (Significantly Undervalued). 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.

Grid Dynamics Holdings's operating assets for the quarter that ended in Mar. 2026 was $277.5 Mil. Grid Dynamics Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $57.5 Mil. Grid Dynamics Holdings's Total Assets for the quarter that ended in Dec. 2025 was $612.9 Mil. Therefore, Grid Dynamics Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.36.

Grid Dynamics Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Grid Dynamics Holdings'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.

Grid Dynamics Holdings Scaled Net Operating Assets Chart

Grid Dynamics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.50 0.45 0.33 0.45 0.37

Grid Dynamics Holdings 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 0.34 0.36 0.35 0.35 0.36

GDYN vs TASK, IBEX, FCCN: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Grid Dynamics Holdings'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.

Grid Dynamics Holdings Scaled Net Operating Assets vs Software Industry

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

* The bar in red indicates where Grid Dynamics Holdings's Scaled Net Operating Assets falls into.


GDYN
71GF Score
Grid Dynamics Holdings Inc GDYN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Grid Dynamics Holdings 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.

Grid Dynamics Holdings'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 )
=(270.832-53.781)/592.192
=0.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=612.89 - 342.058
=270.832

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70.817 - 10.783 - 6.253
=53.781

Grid Dynamics Holdings'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 )
=(277.548-57.483)/612.89
=0.36

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=605.016 - 327.468
=277.548

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=74.899 - 12.042 - 5.374
=57.483

* 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 0.36 mean?
Grid Dynamics Holdings (GDYN) has a Scaled Net Operating Assets of 0.36 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 Grid Dynamics Holdings and its competitors.
Is Grid Dynamics Holdings' Scaled Net Operating Assets too high?
Grid Dynamics Holdings' current Scaled Net Operating Assets is 0.36. Overall, Grid Dynamics Holdings has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grid Dynamics Holdings' Scaled Net Operating Assets compare to TASK and IBEX?
Grid Dynamics Holdings' Scaled Net Operating Assets of 0.36 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 Grid Dynamics Holdings and its competitors. Grid Dynamics Holdings's current Scaled Net Operating Assets is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grid Dynamics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grid Dynamics Holdings (GDYN) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.00, compared to a current price of $6.09 — trading 53.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.36. Grid Dynamics Holdings' overall GF Score™ is 71/100 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 Grid Dynamics Holdings (GDYN), the current Scaled Net Operating Assets is 0.36 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 Grid Dynamics Holdings (GDYN) Overvalued in 2026?

Based on GuruFocus' analysis, Grid Dynamics Holdings stock appears to be undervalued. The current stock price of $6.09 is trading 53.2% below its estimated GF Value™ of $13.00. GuruFocus considers Grid Dynamics Holdings to be Significantly Undervalued.

Key valuation signals for GDYN:

  • Scaled Net Operating Assets: 0.36
  • GF Value™: $13.00 vs. price of $6.09 (53.2% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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

Grid Dynamics Holdings Business Description

Other Exchanges 47E:Germany
Address 5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583
Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
71GF Score

Get the complete analysis for GDYN

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

$6.09
Price
$13.00
GF Value