GLBE (Global E Online) Scaled Net Operating Assets: 0.26 (As of Mar. 2026)


GLBE Global E Online Ltd GLBE
79 GF Score
Price $37.31
GF Value $60.25
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Global E Online Scaled Net Operating Assets?

Global E Online GLBE +1.25% 79 Scaled Net Operating Assets is 0.26 as of Mar. 2026. GuruFocus rates GLBE with a GF Score™ of 79/100 and a GF Value™ of $60.25 (Significantly Undervalued). 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.

Global E Online's operating assets for the quarter that ended in Mar. 2026 was $749 Mil. Global E Online's operating liabilities for the quarter that ended in Mar. 2026 was $366 Mil. Global E Online's Total Assets for the quarter that ended in Dec. 2025 was $1,463 Mil. Therefore, Global E Online's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.26.


Global E Online Scaled Net Operating Assets Historical Data

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The historical data trend for Global E Online'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.

Global E Online Scaled Net Operating Assets Chart

Global E Online Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.29 0.85 0.52 0.37 0.26

Global E Online 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 0.37 0.35 0.33 0.26 0.26

GLBE vs VIPS, ETSY, CHWY: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, Global E Online'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.


Global E Online Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Global E Online's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Global E Online's Scaled Net Operating Assets falls into.


GLBE
79GF Score
Global E Online Ltd GLBE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Global E Online 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.

Global E Online'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 )
=(839.951-506.601)/1263.482
=0.26

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1462.787 - 622.836
=839.951

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=530.103 - 18.449 - 5.053
=506.601

Global E Online'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 )
=(748.861-366.096)/1462.787
=0.26

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1301.387 - 552.526
=748.861

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=389.994 - 18.641 - 5.257
=366.096

* 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 0.26 mean?
Global E Online (GLBE) has a Scaled Net Operating Assets of 0.26 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 Global E Online and its competitors.
Is Global E Online's Scaled Net Operating Assets too high?
Global E Online's current Scaled Net Operating Assets is 0.26. Overall, Global E Online has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global E Online's Scaled Net Operating Assets compare to VIPS and ETSY?
Global E Online's Scaled Net Operating Assets of 0.26 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Global E Online and its competitors. Global E Online's current Scaled Net Operating Assets is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global E Online stock overvalued right now?
Based on GuruFocus' analysis, Global E Online (GLBE) is currently considered Significantly Undervalued. The stock's GF Value™ is $60.25, compared to a current price of $37.31 — trading 38.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.26. Global E Online's overall GF Score™ is 79/100 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 Global E Online (GLBE), the current Scaled Net Operating Assets is 0.26 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 Global E Online (GLBE) Overvalued in 2026?

Based on GuruFocus' analysis, Global E Online stock appears to be undervalued. The current stock price of $37.31 is trading 38.1% below its estimated GF Value™ of $60.25. GuruFocus considers Global E Online to be Significantly Undervalued.

Key valuation signals for GLBE:

  • Scaled Net Operating Assets: 0.26
  • GF Value™: $60.25 vs. price of $37.31 (38.1% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Global E Online Business Description

Other Exchanges GLBEN:Mexico
Address 9 HaPsagot Street, Petah Tikva, ISR, 4951041
Global E Online Ltd provides e-commerce solutions. The company offers a platform to enable and accelerate direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and to, anywhere in the world. The company localizes the shopper experience to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce. The company derives maximum revenue from the United States.
79GF 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.

$37.31
Price
$60.25
GF Value