HAMMONIA Schiffsholding AG (HAM:HHX) Scaled Net Operating Assets: 0.89 (As of Dec. 2025)


HAM:HHX HAMMONIA Schiffsholding AG HAM:HHX
48 GF Score
Price €374.00
GF Value €284.56
Valuation Significantly Overvalued
! 6 Warning Signs
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What is HAMMONIA Schiffsholding AG Scaled Net Operating Assets?

HAMMONIA Schiffsholding AG HAM:HHX 48 Scaled Net Operating Assets is 0.89 as of Dec. 2025. GuruFocus rates HAM:HHX with a GF Score™ of 48/100 and a GF Value™ of €284.56 (Significantly Overvalued). The stock has 6 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.

HAMMONIA Schiffsholding AG's operating assets for the quarter that ended in Dec. 2025 was €58.70 Mil. HAMMONIA Schiffsholding AG's operating liabilities for the quarter that ended in Dec. 2025 was €2.90 Mil. HAMMONIA Schiffsholding AG's Total Assets for the quarter that ended in Jun. 2025 was €62.67 Mil. Therefore, HAMMONIA Schiffsholding AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.89.


HAMMONIA Schiffsholding AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for HAMMONIA Schiffsholding 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.

HAMMONIA Schiffsholding AG Scaled Net Operating Assets Chart

HAMMONIA Schiffsholding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 2.01 1.40 0.97 0.88

HAMMONIA Schiffsholding AG Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 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 0.00 0.84 0.97 0.91 0.89

HAM:HHX vs KEX: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, HAMMONIA Schiffsholding 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.


HAMMONIA Schiffsholding AG Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, HAMMONIA Schiffsholding AG's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:HHX
48GF Score
HAMMONIA Schiffsholding AG HAM:HHX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HAMMONIA Schiffsholding 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.

HAMMONIA Schiffsholding 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 )
=(58.703-2.899)/63.786
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=64.391 - 5.688
=58.703

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.899 - 0 - 0
=2.899

HAMMONIA Schiffsholding 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 )
=(58.703-2.899)/62.672
=0.89

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=64.391 - 5.688
=58.703

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.899 - 0 - 0
=2.899

* 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 0.89 mean?
HAMMONIA Schiffsholding AG (HAM:HHX) has a Scaled Net Operating Assets of 0.89 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 HAMMONIA Schiffsholding AG and its competitors.
Is HAMMONIA Schiffsholding AG's Scaled Net Operating Assets too high?
HAMMONIA Schiffsholding AG's current Scaled Net Operating Assets is 0.89. Overall, HAMMONIA Schiffsholding AG has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAMMONIA Schiffsholding AG's Scaled Net Operating Assets compare to KEX?
HAMMONIA Schiffsholding AG's Scaled Net Operating Assets of 0.89 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 HAMMONIA Schiffsholding AG and its competitors. HAMMONIA Schiffsholding AG's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAMMONIA Schiffsholding AG stock overvalued right now?
Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG (HAM:HHX) is currently considered Significantly Overvalued. The stock's GF Value™ is €284.56, compared to a current price of €374.00 — trading 31.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.89. HAMMONIA Schiffsholding AG's overall GF Score™ is 48/100 with 6 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 HAMMONIA Schiffsholding AG (HAM:HHX), the current Scaled Net Operating Assets is 0.89 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 HAMMONIA Schiffsholding AG (HAM:HHX) Overvalued in 2026?

Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG stock appears to be overvalued. The current stock price of €374.00 is trading 31.4% above its estimated GF Value™ of €284.56. GuruFocus considers HAMMONIA Schiffsholding AG to be Significantly Overvalued.

Key valuation signals for HAM:HHX:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: €284.56 vs. price of €374.00 (31.4% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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


HAMMONIA Schiffsholding AG Business Description

Address Neumuhlen 9, Hamburg, DEU, 22763
HAMMONIA Schiffsholding AG is engaged in the acquisition, active management, and sale of investments in shipping companies. As the managing holding company, it manages the individual shipping investments of its respective subsidiaries, providing its customers with operational vessels. The company focuses on container and tank ships, with its portfolio of fleets comprising full container ships, crude oil, and product tankers. In addition, it holds investments in special-purpose vehicles, each of which charters in a multipurpose, heavy-lift vessel on a long-term basis via bareboat charter and out on a time charter basis.
48GF Score

Get the complete analysis for HAM:HHX

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

€374.00
Price
€284.56
GF Value