XPeng (HAM:8XP) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)


HAM:8XP XPeng Inc HAM:8XP
68 GF Score
Price €6.23
GF Value €12.68
Valuation Possible Value Trap
! 2 Warning Signs
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What is XPeng Scaled Net Operating Assets?

XPeng HAM:8XP +8.73% 68 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates HAM:8XP with a GF Score™ of 68/100 and a GF Value™ of €12.68 (Possible Value Trap). The stock has 2 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.

XPeng's operating assets for the quarter that ended in Mar. 2026 was €9,246 Mil. XPeng's operating liabilities for the quarter that ended in Mar. 2026 was €3,872 Mil. XPeng's Total Assets for the quarter that ended in Dec. 2025 was €12,509 Mil. Therefore, XPeng's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.


XPeng Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for XPeng'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.

XPeng Scaled Net Operating Assets Chart

XPeng Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.19 0.28 0.17 0.18 0.17

XPeng 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 0.19 0.30 0.32 0.15 0.43

HAM:8XP vs LI, NIO, VFS: Scaled Net Operating Assets Comparison

For the Auto Manufacturers subindustry, XPeng'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.


XPeng Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, XPeng's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:8XP
68GF Score
XPeng Inc HAM:8XP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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XPeng 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.

XPeng'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 )
=(8270.164-6455.484)/10848.453
=0.17

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12508.645 - 4238.481
=8270.164

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8826.401 - 1423.771 - 947.146
=6455.484

XPeng'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 )
=(9246.176-3872.269)/12508.645
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12652.586 - 3406.41
=9246.176

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9080.733 - 1972.517 - 3235.947
=3872.269

* 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 0.43 mean?
XPeng (HAM:8XP) has a Scaled Net Operating Assets of 0.43 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 XPeng and its competitors.
Is XPeng's Scaled Net Operating Assets too high?
XPeng's current Scaled Net Operating Assets is 0.43. Overall, XPeng has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does XPeng's Scaled Net Operating Assets compare to LI and NIO?
XPeng's Scaled Net Operating Assets of 0.43 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 XPeng and its competitors. XPeng's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XPeng stock overvalued right now?
Based on GuruFocus' analysis, XPeng (HAM:8XP) is currently considered Possible Value Trap. The stock's GF Value™ is €12.68, compared to a current price of €6.23 — trading 50.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.43. XPeng's overall GF Score™ is 68/100 with 2 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 XPeng (HAM:8XP), the current Scaled Net Operating Assets is 0.43 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 XPeng (HAM:8XP) Overvalued in 2026?

Based on GuruFocus' analysis, XPeng stock appears to be undervalued. The current stock price of €6.23 is trading 50.9% below its estimated GF Value™ of €12.68. GuruFocus considers XPeng to be Possible Value Trap.

Key valuation signals for HAM:8XP:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: €12.68 vs. price of €6.23 (50.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the HAM:8XP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XPeng Business Description

Address No.10, Cencun Fengzhuang Avenue, Tianhe District, Guangzhou, CHN
Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold about 430,000 EVs in 2025, accounting for about 3% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.
68GF Score

Get the complete analysis for HAM:8XP

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

€6.23
Price
€12.68
GF Value