Basf SE (HAM:BAS) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


HAM:BAS Basf SE HAM:BAS
71 GF Score
Price €47.90
GF Value €42.66
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Basf SE Scaled Net Operating Assets?

Basf SE HAM:BAS -0.49% 71 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates HAM:BAS with a GF Score™ of 71/100 and a GF Value™ of €42.66 (Modestly Overvalued). The stock has 5 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.

Basf SE's operating assets for the quarter that ended in Mar. 2026 was €78,586 Mil. Basf SE's operating liabilities for the quarter that ended in Mar. 2026 was €22,624 Mil. Basf SE's Total Assets for the quarter that ended in Dec. 2025 was €76,174 Mil. Therefore, Basf SE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Basf SE Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Basf SE'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.

Basf SE Scaled Net Operating Assets Chart

Basf SE 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 0.73 0.68 0.66 0.75 0.68

Basf SE 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 0.72 0.67 0.71 0.72 0.74

HAM:BAS vs DOW: Scaled Net Operating Assets Comparison

For the Chemicals subindustry, Basf SE'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.


Basf SE Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Basf SE's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:BAS
71GF Score
Basf SE HAM:BAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Basf SE 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.

Basf SE'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 )
=(73415-18628)/80415
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=76174 - 2759
=73415

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41837 - 19700 - 3509
=18628

Basf SE'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 )
=(78586-22624)/76174
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=81766 - 3180
=78586

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=46293 - 19910 - 3759
=22624

* 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 0.73 mean?
Basf SE (HAM:BAS) has a Scaled Net Operating Assets of 0.73 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 Basf SE and its competitors.
Is Basf SE's Scaled Net Operating Assets too high?
Basf SE's current Scaled Net Operating Assets is 0.73. Overall, Basf SE has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Basf SE's Scaled Net Operating Assets compare to DOW?
Basf SE's Scaled Net Operating Assets of 0.73 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Basf SE and its competitors. Basf SE's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Basf SE stock overvalued right now?
Based on GuruFocus' analysis, Basf SE (HAM:BAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €42.66, compared to a current price of €47.90 — trading 12.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Basf SE's overall GF Score™ is 71/100 with 5 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 Basf SE (HAM:BAS), the current Scaled Net Operating Assets is 0.73 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 Basf SE (HAM:BAS) Overvalued in 2026?

Based on GuruFocus' analysis, Basf SE stock appears to be overvalued. The current stock price of €47.90 is trading 12.3% above its estimated GF Value™ of €42.66. GuruFocus considers Basf SE to be Modestly Overvalued.

Key valuation signals for HAM:BAS:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: €42.66 vs. price of €47.90 (12.3% above fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Basf SE Business Description

Address Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
BASF is one of the world's leading chemical companies. It's headquartered in Germany near the Rhine River, which helps with logistics-related savings. Founded in 1865, it produces a vast array of chemicals, plastics, resins, and agricultural solutions. While the company serves multiple industries, it most prominently serves the automotive, agricultural, construction, and pharmaceutical industries. BASF is a first mover in the energy transition and aims to rapidly expand its recycled and bio-based product portfolio.
71GF 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.

€47.90
Price
€42.66
GF Value