ifa systems AG (HAM:IS8) Scaled Net Operating Assets: 0.65 (As of Dec. 2025)


HAM:IS8 ifa systems AG HAM:IS8
58 GF Score
Price €2.00
GF Value €2.51
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ifa systems AG Scaled Net Operating Assets?

ifa systems AG HAM:IS8 58 Scaled Net Operating Assets is 0.65 as of Dec. 2025. GuruFocus rates HAM:IS8 with a GF Score™ of 58/100 and a GF Value™ of €2.51 (Modestly 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.

ifa systems AG's operating assets for the quarter that ended in Dec. 2025 was €8.49 Mil. ifa systems AG's operating liabilities for the quarter that ended in Dec. 2025 was €2.24 Mil. ifa systems AG's Total Assets for the quarter that ended in Dec. 2024 was €9.62 Mil. Therefore, ifa systems AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.65.


ifa systems AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ifa systems 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.

ifa systems AG Scaled Net Operating Assets Chart

ifa systems AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.46 0.36 0.58 0.65

ifa systems AG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec23 Dec24 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 0.29 0.46 0.36 0.58 0.65

HAM:IS8 vs VEEV, BTSG, TEM: Scaled Net Operating Assets Comparison

For the Health Information Services subindustry, ifa systems 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.


ifa systems AG Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ifa systems AG's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:IS8
58GF Score
ifa systems AG HAM:IS8
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ifa systems 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.

ifa systems 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 )
=(8.486-2.238)/9.616
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.264 - 0.778
=8.486

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.238 - 0 - 0
=2.238

ifa systems 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: Dec. 2024 )
=(8.486-2.238)/9.616
=0.65

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.264 - 0.778
=8.486

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.238 - 0 - 0
=2.238

* 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 0.65 mean?
ifa systems AG (HAM:IS8) has a Scaled Net Operating Assets of 0.65 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 ifa systems AG and its competitors.
Is ifa systems AG's Scaled Net Operating Assets too high?
ifa systems AG's current Scaled Net Operating Assets is 0.65. Overall, ifa systems AG has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ifa systems AG's Scaled Net Operating Assets compare to VEEV and BTSG?
ifa systems AG's Scaled Net Operating Assets of 0.65 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 ifa systems AG and its competitors. ifa systems AG's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ifa systems AG stock overvalued right now?
Based on GuruFocus' analysis, ifa systems AG (HAM:IS8) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.51, compared to a current price of €2.00 — trading 20.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.65. ifa systems 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 ifa systems AG (HAM:IS8), the current Scaled Net Operating Assets is 0.65 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 ifa systems AG (HAM:IS8) Overvalued in 2026?

Based on GuruFocus' analysis, ifa systems AG stock appears to be undervalued. The current stock price of €2.00 is trading 20.3% below its estimated GF Value™ of €2.51. GuruFocus considers ifa systems AG to be Modestly Undervalued.

Key valuation signals for HAM:IS8:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: €2.51 vs. price of €2.00 (20.3% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the HAM:IS8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ifa systems AG Business Description

Address Augustinusstrasse 11b, Konigsdorf, Frechen, DEU, 50226
ifa systems AG develops, distributes and installs software solutions and components for ophthalmologists and eye clinics in the fast-growing health IT industry. Its products are divided into the Clinic, Practice, and Language Versions. Some of its product includes EMR (Electronic Medical Records); MDI (Medical Device Interface); Software Connection Platform; CDSS (Clinical Decision Support System); WFM Software (Workflow Management) and others.
58GF Score

Get the complete analysis for HAM:IS8

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

€2.00
Price
€2.51
GF Value