Chapters Group AG (HAM:CHG) Scaled Net Operating Assets: 0.77 (As of Dec. 2025)


HAM:CHG Chapters Group AG HAM:CHG
58 GF Score
Price €33.55
GF Value €48.04
Valuation Possible Value Trap
! 4 Warning Signs
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What is Chapters Group AG Scaled Net Operating Assets?

Chapters Group AG HAM:CHG +7.53% 58 Scaled Net Operating Assets is 0.77 as of Dec. 2025. GuruFocus rates HAM:CHG with a GF Score™ of 58/100 and a GF Value™ of €48.04 (Possible Value Trap). 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.

Chapters Group AG's operating assets for the quarter that ended in Dec. 2025 was €558.3 Mil. Chapters Group AG's operating liabilities for the quarter that ended in Dec. 2025 was €100.9 Mil. Chapters Group AG's Total Assets for the quarter that ended in Jun. 2025 was €591.4 Mil. Therefore, Chapters Group AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.77.


Chapters Group AG Scaled Net Operating Assets Historical Data

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The historical data trend for Chapters Group AG'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.

Chapters Group AG Scaled Net Operating Assets Chart

Chapters Group AG 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 1.69 1.26 0.86 1.09 1.29

Chapters Group AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.77 0.81 0.93 1.07 0.77

HAM:CHG vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Chapters Group AG'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.


Chapters Group AG Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Chapters Group AG's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:CHG
58GF Score
Chapters Group AG HAM:CHG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Chapters Group AG 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.

Chapters Group AG'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 )
=(558.279-100.937)/353.74
=1.29

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=665.017 - 106.738
=558.279

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=351.45 - 250.513 - 0
=100.937

Chapters Group AG'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: Jun. 2025 )
=(558.279-100.937)/591.394
=0.77

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=665.017 - 106.738
=558.279

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=351.45 - 250.513 - 0
=100.937

* 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 0.77 mean?
Chapters Group AG (HAM:CHG) has a Scaled Net Operating Assets of 0.77 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 Chapters Group AG and its competitors.
Is Chapters Group AG's Scaled Net Operating Assets too high?
Chapters Group AG's current Scaled Net Operating Assets is 0.77. Overall, Chapters Group AG has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chapters Group AG's Scaled Net Operating Assets compare to IBM and ACN?
Chapters Group AG's Scaled Net Operating Assets of 0.77 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 Chapters Group AG and its competitors. Chapters Group AG's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chapters Group AG stock overvalued right now?
Based on GuruFocus' analysis, Chapters Group AG (HAM:CHG) is currently considered Possible Value Trap. The stock's GF Value™ is €48.04, compared to a current price of €33.55 — trading 30.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Chapters Group AG's overall GF Score™ is 58/100 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 Chapters Group AG (HAM:CHG), the current Scaled Net Operating Assets is 0.77 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.

Is Chapters Group AG (HAM:CHG) Overvalued in 2026?

Based on GuruFocus' analysis, Chapters Group AG stock appears to be undervalued. The current stock price of €33.55 is trading 30.2% below its estimated GF Value™ of €48.04. GuruFocus considers Chapters Group AG to be Possible Value Trap.

Key valuation signals for HAM:CHG:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €48.04 vs. price of €33.55 (30.2% below fair value)
  • GF Score™: 58/100 with 4 warning signs

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


Chapters Group AG Business Description

Other Exchanges MDCKF:USACHG:Germany
Address Falkenried 29, Hamburg, DEU, 20251
Chapters Group AG is a holding company that invests in attractive small- and mid-sized enterprises and pursues a long-term entrepreneurial investment approach. The Group is focused on providing mission-critical digital solutions through a portfolio of operating companies and operates through three segments: Public Sector, Enterprise, and Financial Technologies. The Public Sector segment, which generates the maximum revenue, provides software solutions for municipalities, public administration, social services, education, transportation, utilities, cybersecurity, homeland security, telecommunications, and non-profit institutions.
58GF Score

Get the complete analysis for HAM:CHG

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

€33.55
Price
€48.04
GF Value