Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Kesko Oyj's operating assets for the quarter that ended in Mar. 2026 was €9,061 Mil. Kesko Oyj's operating liabilities for the quarter that ended in Mar. 2026 was €2,808 Mil. Kesko Oyj's Total Assets for the quarter that ended in Dec. 2025 was €8,823 Mil. Therefore, Kesko Oyj's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.
Kesko Oyj Scaled Net Operating Assets Related Terms
Kesko Oyj Scaled Net Operating Assets Historical Data
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The historical data trend for Kesko Oyj'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.
HAM:KEK vs KR, SFM, ACI: Scaled Net Operating Assets Comparison
For the Grocery Stores subindustry, Kesko Oyj'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.
Kesko Oyj Scaled Net Operating Assets vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Kesko Oyj's Scaled Net Operating Assets falls into.
* 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 0.71 mean?
Kesko Oyj (HAM:KEK) has a Scaled Net Operating Assets of 0.71 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 Kesko Oyj and its competitors.
Is Kesko Oyj's Scaled Net Operating Assets too high?
Kesko Oyj's current Scaled Net Operating Assets is 0.71. Overall, Kesko Oyj has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Kesko Oyj's Scaled Net Operating Assets compare to KR and SFM?
Kesko Oyj's Scaled Net Operating Assets of 0.71 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Kesko Oyj and its competitors. Kesko Oyj's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesko Oyj stock overvalued right now?
Kesko Oyj (HAM:KEK) has a current Scaled Net Operating Assets of 0.71. The stock's GF Value™ is €19.25, compared to a current price of €19.39 — trading 0.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Kesko Oyj's overall GF Score™ is 75/100 with 8 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 Kesko Oyj (HAM:KEK), the current Scaled Net Operating Assets is 0.71 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 Kesko Oyj (HAM:KEK) Overvalued in 2026?
Based on GuruFocus' analysis, Kesko Oyj stock appears to be overvalued.
The current stock price of €19.39 is trading 0.7% above its estimated GF Value™ of €19.25.
Key valuation signals for HAM:KEK:
Scaled Net Operating Assets: 0.71
GF Value™: €19.25 vs. price of €19.39 (0.7% above fair value)
No single metric tells the full story. See the HAM:KEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the maximum revenue.
75GF Score
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